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OpenPayd Loops Into SEPA For Corporate Payments

PYMNTS

With direct access to the SEPA (Single Euro Payments Area) payment program, OpenPayd has bolstered its payments functions, according to reports. Business clients of the banking-as-a-service company will get access to payment processing throughout the 36 countries taking part in the program.

IBAN 77
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Moving Money X-Border In The Age Of ‘Business As Unusual’

PYMNTS

billion) annually on remediation of failed payments and failed processing, as 2 million payments fail in Europe alone each day. Add it all up, said Kilcoyne and Brandli, and the industry spends 21 billion euros ($22.9

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Rapid Finance Taps SoFi, Galileo to Enable Rapid Access Mastercard for Small Business Financing

Fintech Finance

We look forward to working together alongside SoFi Bank to help Rapid Finance quickly develop and scale this flexible payment program to support SMBs’ ability to gain swift, easy access to the funds they need to be successful.”

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How Micro-Services And AI Can Speed FIs’ March Toward Instant Payments

PYMNTS

In an interview with PYMNTS in advance of an industry webinar scheduled for March 31, SmartStream ’s Vincent Kilcoyne, executive vice president of product management, and Roland Brandli, senior vice president of payment programs, said the movement toward digitization means that FIs must re-examine processes and overhaul infrastructure.

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Free Up Operational Time With Simpler Payment Processes

PYMNTS

In addition, fees can pile up for these payments, because banks typically charge high rates for such services to all but the largest customers. International Payments Through SWIFT Are Costly. . Instead, the SWIFT network collects the money, and the customer never learns what route that cash took. ACH network and the U.K.

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SoFi to Act as Sponsor Bank for Rapid Finance’s New Line of Credit Prepaid Card

Finovate

“We look forward to working together alongside SoFi Bank to help Rapid Finance quickly develop and scale this flexible payment program to support SMBs’ ability to gain swift, easy access to the funds they need to be successful.”

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The Middle East Is the Fastest Growing Real-Time Payments Market Globally For The Second Consecutive Year, Finds ACI Worldwide Report

Fintech Finance

For the second consecutive year, the Middle East is the fastest-growing real-time payments market globally, according to the 2024 Prime Time for Real-Time report, published by ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, in partnership with GlobalData, a leading data and analytics company.