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How Overlay Services Add New Opportunities In Open Banking

PYMNTS

In a PYMNTS interview, according to Sean Devaney, VP of banking and financial markets at consulting and IT firm CGI , the real pickup of Open Banking is only just beginning with the emergence of so-called overlay services. The service will aim for traction in an array of use cases, including consumer payments.

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Real-Time Payments Move Past Early Adopters

PYMNTS

But Ranta added that when it comes to the consumer, the critical use cases that could spur wider adoption aren’t there quite yet. "We We have not seen the use cases or the digital overlay services rolled out,” he noted. 2021 Could Be The Game-Changer .

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Real Time Heats Up In B2B, While Blockchain Gains Traction

PYMNTS

In a conversation with PYMNTS , Mastercard Executive Vice President of Global Commercial and B2B Solutions James Anderson described the importance for Mastercard to develop overlay services on top of existing rails to promote that choice. In an announcement , FinTech-as-a-Service company Rapyd rolled out its Rapyd Protect solution.

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US Banks Are ‘Conflicted With Worries’ as Demand for Instant Payments Grows; Reveals RedCompass Labs

The Fintech Times

Corporate use cases – the biggest opportunity for US banks – are being left on the table opening the door to first moves and fintechs to grab market share.” It is simple: to maintain the position of the world’s largest, most dynamic economy, the US cannot afford to be a laggard in payments.

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To Accelerate Payments, Mix Rails Or Nix Rails?

PYMNTS

The industry body said it is also developing a mechanism to support the domestic leg of an inbound cross-border transaction using NPP, as well as expand capabilities to support the use of QR codes. NPPA plans to make these updates by 2022. Dwolla Combines ACH With Cards.