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Payments Initiation Opens The B2B Door For QR Code Payments

PYMNTS

While open banking FinTech innovation has initially focused on opening up bank account data to third party platforms, there is another component to the initiative with major implications for the payments landscape. A key characteristic of payment initiation under PSD2 is its use of Faster Payments in the U.K.,

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Ripple CEO Steps Aside

PYMNTS

Larsen also spearheaded the R3 consortium, which sees dozens of financial institutions around the globe using Ripple’s blockchain technology to develop payments tools. In an interview with PYMNTS, SWIFT Head of Payments Initiatives for the Americas and U.K. ”

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Worldline Launches Account-to-Account Transfer Tool in Europe

Finovate

Worldline has launched Bank Transfer by Worldline , an account-to-account payment tool. The new pay-by-bank solution enables retailers to accept bank draft payments and handle high-value transactions, including B2B payments, across 10 European countries. because it facilitates cross-border payments.

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Inside Africa’s Fastest Growing Fintech: How Moniepoint is Supporting the Underbanked in Nigeria

The Fintech Times

Fintechs can offer reduced transaction costs, as well as efficient payment tools, which widen accessibility and bring many previously unbanked merchants and underbanked consumers into the formal financial system. How big an opportunity does the underbanked population represent in Africa? Huge, for both businesses and individuals.

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Citi Expands Treasury Service API Solution

PYMNTS

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. APIs allow us to better manage the large volume of payments for our business and achieve critical, straight-through processing with reduced resources.”

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B2B’s Summer Of Faster, Integrated Payments

PYMNTS

Faster payment initiatives, a focus on application programming interfaces (APIs) and data integrations and efforts to elevate traditional B2B payment tools like ACH and commercial cards all made waves this summer. APIs and Data Integration.

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Open banking marks major milestone of 10 million users

Open Banking

This significant achievement highlights the positive momentum and growing adoption of open banking technologies as millions of consumers and small businesses benefit from innovative financial management and payment tools.