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Home News PaymentsPayments platform Unzer joins EPI for Wero wallet push Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. It means we can offer them a payment method that’s local, secure, and built for Europe.
The outdated infrastructure, not only slows down innovation, but also has increased maintenance costs, often hard to scale due to local one time customisations, and hence inflexible when it comes to integrating new digital services of their own or from third party providers. Strategic planning and long-term vision are therefore essential.
EuroPA is an alliance of national digital payment champions – 𝗕𝗮𝗻𝗰𝗼𝗺𝗮𝘁(Italy), 𝗕𝗶𝘇𝘂𝗺 (Spain), 𝗠𝗕 𝗪𝗔𝗬 (Portugal), 𝗕𝗹𝗶𝗸 (Poland), 𝗜𝗥𝗜𝗦 (Greece), and 𝗩𝗶𝗽𝗽𝘀 𝗠𝗼𝗯𝗶𝗹𝗲𝗣𝗮𝘆 (Nordics). Wero enables instant, account-to-account (A2A) payments without relying on traditional card networks.
To paraphrase a TV show that many are no doubt watching (or binge watching to catch up), replete with dragons, thrones and rather grisly games: The application program interface (API) is coming. For B2B, it seems, the advent of the open API cannot come fast enough. For banks to be competitive, they need to provide APIs.”.
and EU like Open Banking and PSD2 that require such cooperation, APIs are emerging as an essential piece of the equation for payments innovation. In the January PYMNTS.com B2B API Tracker , powered by FI.SPAN, the numbers present a picture of the B2B payments ecosystem embracing APIs to become faster, more agile, and more global.
28) the launch of an API to connect its clients operating in the treasury services industry to critical Citi services. According to a release , the bank’s Treasury and Trade Solutions (TTS) unit is rolling out the CitiConnect API to help treasury service providers link their own treasury and ERP solutions into Citi.
Ingo Money, a player in real-time push payments technology, and MoneyGram, a global provider of money transfer and payment services, announced Monday (Oct. Ingo Money, a player in real-time push payments technology, and MoneyGram, a global provider of money transfer and payment services, announced Monday (Oct. ”
The bank announced late last week that it is rolling out the Open Banking API Developer Portal that will enable developers to play around with banking technologies, first with a focus on transaction banking and cash management. The bank isn’t the first to roll out an API platform, however.
Offline settlements with a digital pound: Lessons from the BoE’s report 16 June 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? A Bank of England experiment proving that offline payments with a digital pound are technically feasible, but complex. Why is it important? What’s next?
You want to make sure your site is engaging, well-written, and optimized for your buyer’s journey – and your payments experience is a big part of that. When it comes to ecommerce payments, you have several options. Here’s a list of some of the pros and cons to accepting ecommerce payments in a variety of ways.
It was a contactless payment on POS using a card issued by Eurasian Bank JSC on the Way4 digital payments software system. The regulator decided to issue and redeem Digital Tenge centrally and allow reputable market participants to facilitate CBDC workflows related to accounts, cards, and payments.
Temenos (SIX: TEMN), the banking software company, today announced a collaboration with Visa , a world leader in digital payments, to integrate Visa Direct, a Visa money movement solution, with Temenos Payments Hub and make available to banks via Temenos Exchange, the Temenos ecosystem of partner solutions.
From digital payments to decentralised finance (DeFi), these companies are solving real-world challenges like financial inclusion and cross-border transactions, while setting new global standards for innovation. billion payments Coda 2.5 billion payments, gamification Airwallex 5.5 billion insurtech Matrixport 1.05
At this point in time, corporate treasurers are still more likely to have personally used a P2P app than to have sent a real-time B2B vendor payment. The latest B2B API Tracker® covers it all in-depth. The real-time information that APIs provide is, in some cases, almost as important as the money. Data Lights the Way.
To that end, Vincent Caldeira, chief technologist for FSI in APAC for Red Hat told PYMNTS, FIs — especially incumbent FIs — are facing rapid changes in payments that demand they modernize payments processing, embedding new functionality along the way. The Need For Standardization In Cross-Border Payment Processing.
Visa introduced the Visa+ service in April last year to bridge the gap among various apps in the peer-to-peer (P2P) payments space, allowing for real-time payouts to participating digital wallets. From there, a sender can enter the recipient’s Visa+ payname in their participating wallet app and submit the payment.
The shift to digital commerce means that long after the pandemic is over, merchants across all verticals will have to offer a range of payment choices in order to boost conversion rates. The issue is that integrating all of those different payment choices can be an arduous task.
With YellowPepper, companies can access application programming interfaces (APIs) to allow issuers, processors and governments to easily access numerous payment rails and let multiple payment flows through one single connection, according to the release.
Zopa launches current account Half a decade after pivoting from P2P lending to become a bank, Zopa has entered the UK current account market. A P2P lending pioneer, Zopa pivoted to become a bank in 2020 and has since amassed 1.5 million customers, lending more than £13 billion and securing two straight years of profitability.
B2B payments are rife with frictions, including high processing costs, slow transaction times and industry players’ reluctance to embrace electronic payments in lieu of paper checks. Ensuring such payments are secure from bad actors is a priority for the banks that process them. Benefits Of APIs .
Open banking and its promise of more elasticity in finance is enabled by application program interfaces (APIs) — lines of code that execute everything from simple peer-to-peer (P2P) transfers to industrial-sized B2B real-time payments. That idea understandably has immense appeal to SMBs, and APIs are the conduit.
TerraPay, a global money movement company, and PYMNTS, a global leader in payments and fintech insights, have released a detailed report on the future of cross-border payments. financial institutions currently support wallet-based B2B payments, indicating vast untapped opportunities for growth.
Visa has added a new partner in its quest to simplify, digitize and drive costs down in the global remittances space with its real-time push payments platform Visa Direct. Integrating Visa Direct further eases the transfer process and brings us another step closer to achieving our mission.”. And, as of today (Dec.
There is as yet no Venmo or Zelle for the $38 trillion global business-to-business (B2B) payments sector. That’s surprising for several reasons, and here’s a good one: nearly 70 percent of accounts payable (AP) professionals say suppliers value payments speed above all. Making Money Faster with APIs. Out with the Old.
ACI Worldwide , which provides electronic payment and banking solutions, has added new digital overlay services that it says will help to speed up real-time payments, according to a press release. And, there will be flexible person-to-person (P2P) services with added layers of security authorizations.
Based on the European Central Bank’s revealed statistics for 2024, the total number of digital payments in the euro area in the first half of 2024 increased by 7.4% trillion, signalling that the consumer looks for convenient, quick ways to make interactions such as a tap of a card, QR scan, P2P transfers.
Today, CO-OP Financial Services Chief Technology Officer Pam Brodsack said, a customer can do that — and a whole lot more — from within the confines of their mobile app from just about any place on earth due to the power of application programming interfaces (APIs). . Making an Impact. Building What’s Next .
By joining the network, Cross River will be able to give its clients the ability to send, settle and clear payments instantly, along with messaging capabilities, while ensuring compliance. Aiming to simplify the FinTech ecosphere for its clients, Cross River has built a “plumbing” system on top of traditional payment systems.
Banks and FinTechs continue to discover new opportunities in unlocking corporate clients’ financial data, with banks embracing data integration for their own product development initiatives, and FinTechs finding new ways to collaborate with each other. Bankin’ Steps Into PaymentsAPIs.
Businesses depend on application programming interfaces (APIs) to ensure information flows smoothly between internal programs and software and third-party services. The technology’s significance cannot be ignored, as a 2018 survey found that each company manages an average of 363 APIs. Oversight And Authentication.
The global peer-to-peer (P2P) transfer and remittance market has grown to well over $1 trillion, thanks to the glut of P2P money transfer apps making domestic and cross-border payments easier and faster than ever. Take Forex payments, for instance. Struggling with frictions.
While commercial real-time payments became available in the U.S. Last month, payment company PayFi and The Clearing House (TCH) partnered to bring real-time payment technologies to community banks. The latest Faster Payments Tracker looks into the newest developments and initiatives related to making faster payments happen.
The April 2020 New Payment Flows edition of PYMNTS’ Credit Union Innovation Playbook series, a PSCU collaboration, looks into the credit union (CU) space at a pivotal moment: Many concepts, from eating to shopping to traveling and, of course, how we pay, have changed forever. RTP, P2P and the People Who Love Them. percent and 39.4
Consumers are migrating to … this digital world that we live in for payments,” he said, adding that Coinstar’s strategy has given rise to the ability for consumer to come in and load cash onto a digital payment platform, including cryptocurrencies (purchased though mobile phones and apps at the kiosk). Bill Payment And Commerce.
Coda Payments Coda Payments provides online payment solutions to digital content providers in more than 30 markets, according to its website. The P2P lender has further raised over US$120 million in funding from investors bsuch as Sequoia India, SoftBank Ventures Asia, and SGInnovate. Nium’s revenue grew 2.7x
Welcome to The Axis, your late look at payments news from around the world. Coverage includes the unveiling of an application programming interface (API) platform with Joint Electronic Teller Services Limited (JETCO) in Hong Kong.
In payments, there are revolutions marked by sweeping changes in very short periods of time — online shopping, anyone? For payment platforms, the conduits that keep commerce’s wheels greased are similarly transformed by change, and with constant evolution in the cards.
Avidia Bank is embracing real-time payments as part of its push to promote collaboration with FinTechs, the financial institution announced Friday (July 12). Offering real-time payments as well as a range of APIs will enable Avidia to expand its offering to FinTechs that want to integrate faster payment capabilities into their own solutions.
The company focuses on mobile payments and wearables, and has operations that span 25 countries and nearly two dozen currencies. The focus is on admitting firms within artificial intelligence, machine learning, banking, wealth services, payments and blockchain.
Xendit – US$538 million Payment startup Xendit has secured about US$538 million in VC funding to date, data from Dealroom and media coverages show, making it the top funded fintech startup in Indonesia in 2024. Founded in 2014, Xendit is a fintech company that provides payment solutions and simplifies the payment process for businesses.
Direct deposits, push payments, eWallets, same-day ACH transfers, PayPal, Zelle and myriad other platforms and tools are now second nature. But, with this progress comes friction in the form of a payments patchwork. The use cases for digital payments are also evolving. Supply and Demand.
In today’s top news in digital-first banking, BlockCard is teaming with peer-to-peer (P2P) bitcoin marketplace Paxful for a new crypto debit card, while the Federal Reserve Board has modified the terms of its Main Street Lending Program (MSLP). Ternio’s BlockCard Teams With P2P Bitcoin Marketplace Paxful for Crypto Debit Card.
In the always-on, 24/7/365 economy, payments that circle the globe should conceivably be as simple as those made in a peer-to-peer (P2P) transaction. Well, cross-border payments are fraught with friction, especially when it comes to business-to-business, or B2B. API Advantages. The reality?
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