article thumbnail

Best Fintech Innovations Transforming Small Business Banking

Finextra

Fintech solutions are revolutionising how small and medium-sized enterprises (SMEs) handle their money, with features like seamless currency conversions, secure digital signing, and automated tax handling. These digital banking tools integrate advanced technology to simplify cash flow management, payment processing, and regulatory compliance.

article thumbnail

SWIFT Too Slow On Security Risks?

PYMNTS

The financial messaging service known as SWIFT — which operates as a bank-owned consortium and helps payments in the billions of dollars move globally — has been beset by security flaws, has known about those flaws and has done little to address those flaws. So reported Reuters on Wednesday (Aug.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

ClearBank Onboards First Clients to T2 European Payments System

Fintech Finance

Central banks and commercial banks can submit payment orders in Euro to T2, where they are processed and settled in central bank money, i.e. money held in an account with a central bank. T2 is the real-time gross settlement (RTGS) system owned and operated by the Eurosystem. Following the opening of ClearBank Europe N.V.,

article thumbnail

CoCoNet Partners With Raifeissen On B2B Payment, Cash Management

PYMNTS

There will be a customizable dashboard allowing users to select the offerings best suited for their needs, and customer self-service will also be available, according to the release.

article thumbnail

myTU launches ‘Payouts API’ to Streamline Payment Processing for Businesses

Fintech Finance

These offer a range of features, including the ability to create and sign payment orders directly within clients’ management systems, eliminating the need for manual intervention.

API
article thumbnail

FTC Bans Rogue Payment Processor In Settlement Over Alleged Scams

PYMNTS

The FTC said in the release that the defendants used payment orders and created checks, all remotely, to facilitate payments for dishonest merchants, allowing them to draw money from consumer victims’ bank accounts. The FTC and Ohio officials filed their complaint against the trio in U.S.

FTC
article thumbnail

From PSD2 to PSD3 and PSR – European Parliament sets out its vision on the future of payments

Neopay

Moreover, ASPSPs will need to provide payment initiation service providers ( PISP ) with the necessary transaction information when initiated directly by the user for execution. MEPs also suggest that the EBA should be tasked with developing guidelines on third-party data access.