Remove Electronic Banking Remove Payment APIs and Integration Remove Underwriting
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B2B FinTechs Get Creative With Open Banking Use Cases

PYMNTS

This week's look at the latest in open banking initiatives shows creativity in how FinTechs, credit unions (CUs) and banks wield data integrations for the benefit of corporate end users, from streamlined credit underwriting to automated expense management. Acumatica Links Its ERP Into Bank Data. In the U.K.,

Use Case 110
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What Is an ACH Payment Facilitator?

Stax

Automated Clearing House (ACH) payments are a type of electronic bank-to-bank payment system in the US. Unlike payments facilitated by card networks like Visa or Mastercard, ACH payments are managed by a body called the National Automated Clearing House Association (NACHA). Let’s get started.

ACH 88
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The New Colossus

PYMNTS

Different algorithms within the decision flow help to reduce time to customer decision like electronic bank statement data parsing models.”. It then begins the underwriting process for approved applicants. At that point, live underwriters jump in and run additional reviews or verifications if they think it necessary.