PYMNTS

DECEMBER 12, 2019

Access to real-time payments (RTP) could resolve various headaches for businesses, as many do not want to face the uncertainties associated with late payment deliveries to suppliers and employees. Financial institutions (FIs) that serve business clients are thus considering ways to meet corporate payment needs, with 80 percent of U.S.

API 52

API Payment APIs and Integration Real Time Payments B2B 52

PYMNTS

JUNE 5, 2018

After launching its CitiConnect application programming interfaces (APIs) last year, Citi ‘s Treasury and Trade Solutions (TTS) continues to expand the platform. Since its rollout, Citi has processed more than 18 million API calls for account balance inquiries, payment initiation and payment status, the company said in an announcement.

Treasury 61

Treasury API Payment APIs and Integration Payments Tools 61

PYMNTS

MARCH 8, 2019

HSBC has unveiled its application program interfaces (APIs) and developer portal to comply with the EU’s Second Payment Services Directive (PSD2). The solutions can integrate with data held by HSBC, with account information, payment initiation and funds confirmation the focus of the APIs.

API 67

API Payment APIs and Integration Cash Management Payment Initiation 67

PYMNTS

NOVEMBER 24, 2020

This week's look at the latest in bank-FinTech collaborations explores how a range of banks is turning to partners and API connectivity to enhance small business services, from lending to payments. Also focused on unlocking bank data is Visa, which recently announced a partnership with API provider Codat in Europe.

Payment APIs and Integration 60

Payment APIs and Integration Small Business API Underwriting 60

PYMNTS

SEPTEMBER 11, 2019

In France, Treezor , a banking as a service platform, said this week that has deployed the Thales SafeNet Data Protection On Demand solution for what is being billed as “safety across the entire payment chain, from tier one banks and neo banks to crowdfunding organizations,” as noted in a release. Banking on Banking Licenses. In the U.K.,

API 71

API Payment APIs and Integration Gateways B2B 71

PYMNTS

SEPTEMBER 27, 2019

HSBC is continuing its open banking strategy with the deployment of a new application programming interface (API) designed to promote bank collaboration to facilitate trade finance. The API will allow HSBC partner banks to have HSBC reissue their guarantees if those partner banks don’t operate in the market in which a supplier does.

API 48

API Finance Payment APIs and Integration B2B 48

PYMNTS

NOVEMBER 27, 2019

Small businesses are a growing target for bank-FinTech collaborations and data integration initiatives as financial service providers explore new use cases for open banking. Based in Silicon Valley, Plaid said it has so far enabled integrations with 15,000 banks across the U.S. Plaid’s Global Expansion. and Canada.

Payment APIs and Integration 90

Payment APIs and Integration FinTech Small Business API 90

PYMNTS

JANUARY 30, 2020

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 Payments APIs.

Use Case 64

Use Case Payment APIs and Integration FinTech Payroll 64

PYMNTS

MAY 7, 2020

Although a recent uptick in B2B payments innovation has accelerated corporates’ migration away from the paper check, old habits die hard, and the legacy payment tool remains a mainstay in the accounts payable (AP) department. “Checks will be around for a while. Preserving Check Workflows.

Checks 67

Checks B2B Payment APIs and Integration Remote Deposit Capture 67

Stax

DECEMBER 20, 2023

Offering payment processing services is a move that makes sense for a lot of SaaS companies, particularly if your software helps your customers run their business. For example, if you have a project management app, then you can add payment features that allow people to use your software to take payments from their clients.

Underwriting 88

Underwriting Process Payment APIs and Integration Enrollments 88

PYMNTS

FEBRUARY 1, 2021

As Berghald explained, that’s because each critical function — from invoicing to payment to accounting — all occur separately from each other. The communication between all these systems becomes a major issue since the integrations [and] connections between them often are malfunctioning,” he said. Bringing It All Together.

Payment APIs and Integration 82

Payment APIs and Integration Finance API Facilitators 82

Finovate

SEPTEMBER 27, 2024

“With these integrated systems already gaining traction in the U.S., The bank will use Salt Edge’s Payment Initiation solution to enable its customers to make instant loan repayments instead of relying on traditional online banking methods. we’re excited to extend these proven strategies to Canada.”

Embedded Finance 64

Embedded Finance Finance Payroll Online and Mobile Banking 64

PYMNTS

SEPTEMBER 16, 2020

Cross-border payments technology company Payoneer debuted its Payoneer for Banks program last week, an initiative that provides financial institutions (FIs) and other service providers with infrastructure to send and receive global payments. Banking and accounting for U.K. Faster Payments and BACS schemes.

Cross-Border Payments 56

Cross-Border Payments Payment APIs and Integration Cross-Border Small Business 56

PYMNTS

DECEMBER 3, 2020

But innovations in B2B payments and other corporate workflows like liquidity and cash management among the FinTech community have opened the door for a new era of corporate banking – one in which organizations are no longer willing to settle. Regulatory initiatives like PSD2 and open banking across Europe and the U.K.

Payment APIs and Integration 105

Payment APIs and Integration End User B2B API 105

PYMNTS

NOVEMBER 12, 2020

It may be an open road for open banking as, three years after the rollout of the second Payment Services Directive (PSD2), bank-FinTech collaborations and new initiatives unlocking bank account data continue to flourish. But it may not always be smooth sailing ahead. business customers, the FIs revealed. In the U.K., In the U.K.,

Payment APIs and Integration 88

Payment APIs and Integration Treasury Small Business FinTech 88

PYMNTS

NOVEMBER 10, 2020

With open banking technologies making their way beyond the world of consumer finance and into the business banking market, new use cases are emerging from the legislation that opens up bank account data and offers FinTechs opportunities for new functionalities via deeper data integrations.

Use Case 75

Use Case Payment APIs and Integration Accounts Finance 75

Nanonets

MARCH 14, 2024

Accounting in any company involves dealing with invoices every month. All invoices received by a company for products or services that have been purchased from a vendor must be checked for accuracy before payment is initiated. It has all details of the vendor, customer, product/service being delivered, pricing and payment mode.

Payment APIs and Integration 52

Payment APIs and Integration Automation Correspondent Checks 52

PYMNTS

FEBRUARY 2, 2021

Miami-based Apollo Bank is turning to a third-party FinTech to strengthen its corporate payments and treasury management offering. The bank recently announced a partnership with CheckAlt to adopt its lockbox technology, allowing corporates to automatically accept, process and reconcile check payments. Germany- and U.S.

Lockbox 57

Lockbox FinTech Treasury Management Payment APIs and Integration 57

PYMNTS

AUGUST 5, 2020

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.

Payment APIs and Integration 135

Payment APIs and Integration Bitcoin Online and Mobile Banking Credit Union 135

PYMNTS

MARCH 22, 2019

With PSD2 becoming firmly planted in the European Union (EU), more markets are integrating the regulation into their financial systems, and prepping for changes in the ways they approach payments, data transfers and customer authentication. Customer Awareness is Key for PSD2 Adoption in the Netherlands.

Payment APIs and Integration 69

Payment APIs and Integration Privacy Authentication Faster Payments 69

PYMNTS

NOVEMBER 8, 2017

Faster payments schemes across the globe are placing new definitions on what it means to be fast, especially as more initiatives heard towards real-time transacting. In the three years since FIS began this annual report, the number of real-time payments programs more than doubled, researchers noted.

Real Time Payments 40

Real Time Payments B2B Innovation Faster Payments 40

The Fintech Times

JANUARY 22, 2024

Looking to provide data consolidation and payment initiation services, PayTabs Group , the MENA based paytech has partnered with open banking firm, Fintech Galaxy. The service will initially be rolled out in the Kingdom of Saudi Arabia and the United Arab Emirates and subsequently expand to other MENA markets.

Payment Initiation 64

Payment Initiation FinTech Payment APIs and Integration Regulatory Compliance 64

PYMNTS

DECEMBER 13, 2018

The problem can be traced back to data: as organizations scale, either through organic growth or M&A, they’re taking on more financial management platforms and opening more bank accounts, leading to fragmented storage of financial data. Despite the data challenge, pressures on CFOs and treasurers continue to mount. ”

Treasury Management 62

Treasury Management Treasury Payment APIs and Integration API 62

PYMNTS

JANUARY 14, 2020

13), Visa said it will buy Plaid — which focuses on the development of application programming interfaces (APIs) that allow consumers to share their data with thousands of apps — for $5.3 In terms of mechanics, the acquisition — which involves a cash payment of $4.9 bank account holders have used Plaid’s offerings.

FinTech 63

FinTech Payment APIs and Integration Value Added Service Cross-Border 63

PYMNTS

FEBRUARY 7, 2017

You can test all you want, but for payments innovators, the true test only comes when a solution is released out into the real world. s Faster Payments initiative, there have already been some changes made to the service that looks to support real-time transacting. For the U.K.’s But last June, the U.K. is all about flexibility.

Faster Payments 46

Faster Payments Technology Real Time Payments ISO 20022 46

PYMNTS

JANUARY 2, 2017

goods and services trade with China accounted for over $659 billion in value, according to the Office of the United States Trade Representative. With the increasing trade volume between the two countries, payments have become a major pain point for retailers that often rely on wire transfers, which can take up to three days to complete.

Cross-Border Payments 42

Cross-Border Payments Cross-Border Payment APIs and Integration Blockchain 42

PYMNTS

JANUARY 15, 2020

financial institution HSBC is rolling out a suite of APIs (application program interfaces) designed for corporate treasurers to more seamlessly initiate financial transactions. 15) said HSBC announced the launch of its Treasury APIs in 27 markets around the world. Reports in Treasury-Management on Wednesday (Jan.

Treasury 54

Treasury API Payment APIs and Integration Treasury Management 54

Fintech Finance

MAY 21, 2024

Swift has today set out plans to help financial institutions streamline the cross-border payments experience for their corporate customers, by extending ISO 20022 across the entire payment chain and giving banks ready-to-use, white-labelled tracking services that can be activated for customers at the click of a button.

ISO 20022 59

ISO 20022 SWIFT Cross-Border Payments Cross-Border 59

Fintech Finance

JANUARY 22, 2024

PayTabs Group , MEASA’s award-winning payment solutions powerhouse today announced it has partnered with Open Banking and financial innovation entity, Fintech Galaxy. The service will initially be rolled out in the Kingdom of Saudi Arabia and the United Arab Emirates and subsequently expand to other MENA markets.

FinTech 92

FinTech Payment APIs and Integration Regulatory Compliance Gateways 92

Open Banking Excellence

MAY 2, 2024

Today there is no doubt that Georgia has become an integral part of East-West exchanges,” the Prime Minister continued. Within all our projects – which range from central bank digital currencies (CBDCs) to Know-Your Customer (KYC) APIs – we aim to lower entry barriers for new entrants into the ecosystem.

Interoperability 147

Interoperability Payment APIs and Integration Central Bank Cross-Border 147

PYMNTS

AUGUST 21, 2020

Yet as cross border trade picks back up, the foreign exchange and global payments needs of businesses will intensify. For the financial services world to address businesses’ global payments needs, Conibear said they must take a holistic approach that goes beyond facilitating cross-border payments or improving upon legacy payment rails.

Multi-Currency 69

Multi-Currency Cross-Border Payments Cross-Border Finance 69

PYMNTS

APRIL 17, 2020

Indeed, FinTechs that offer capabilities like cash flow management and financial analytics as a result of being able to loop into a business’s bank account data have fueled the emergence of open banking for the business end-user. Connecting Accounting to Payments. But it’s not the only use-case for open banking.

Innovation 83

Innovation Payment APIs and Integration Use Case Reconciliation 83

PYMNTS

OCTOBER 9, 2019

In one example, this past week, a FinTech focused on open banking, ndgit, said in a press release it is debuting PSD2 compliance APIs in Switzerland. The pact means that beginning this month, ndgit will provide a “bank interface sandbox” that will enable F10 startups to test their offerings tied to the Berlin Group Standard-based API.

Payment APIs and Integration 51

Payment APIs and Integration FinTech ISO 20022 B2B 51

PYMNTS

OCTOBER 24, 2019

But when a multinational organization has dozens, or even hundreds of bank accounts at multiple institutions around the world, managing funds via proprietary web portals becomes less of a realistic task, and more of an overwhelming burden of manual task work. And it’s close to impossible to get real-time cash visibility.

Treasury 40

Treasury Treasury Management Cross-Border Payment APIs and Integration 40

PYMNTS

JULY 4, 2016

Regulation is one of two words that keep a lot of payments executives up at night (the other being cybercrime) as regulation forces everyone across the ecosystem to allocate time, money and people to making sure that all of the regulatory boxes are checked and double-checked. It’s the next-generation payments system.”

Compliance 40

Compliance Payment APIs and Integration Online and Mobile Banking Regulations 40

PYMNTS

MAY 26, 2016

The Faster Payments initiative has made significant strides in the United Kingdom, so much so that the scheme has been held up as a model for other nations globally. The Faster Payments scheme has a goal of reaching every single consumer in the U.K.  Faster Payments scheme? Yet the work is far from done.

Faster Payments 40

Faster Payments Real Time Payments Payments Payment APIs and Integration 40

PYMNTS

SEPTEMBER 3, 2018

In the late-August, computer manufacturing company IBM said it debuted a blockchain-based payment system, with offerings that enable cross-border transactions. The linkup is being billed as one that lets financial firms settle cross-border payments in a matter of seconds. Payments Initiatives In Africa.

Blockchain 41

Blockchain API Distributed Ledger Technology (DLT) Cross-Border 41