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ACI Worldwide , which provides electronic payment and banking solutions, has added new digital overlayservices 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.
New Payments Platform (NPP) Australia , the nation’s real-time paymentsservice that went live earlier this year, is now seeking collaboration from FinTech firms and developers through the launch of a developer sandbox. “We see APIs as a big part of the overlayservice,” he told the publication.
APIs are changing how banks serve their corporate customers, helping them become more competitive. Europe’s open banking regulations have forced financial institutions (FIs) to use APIs to open their data to FinTechs, which has resulted in many new services for businesses. Faster payments rails] existed before.
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