This site uses cookies to improve your experience. By viewing our content, you are accepting the use of cookies. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country we will assume you are from the United States. View our privacy policy and terms of use.
Stax
AUGUST 29, 2024
The dominance of cashless commerce means only businesses that ensure the seamless processing of in-store and online credit and debit card payments will remain competitive. The question is: how do payment service providers work and how can you choose the right one for your business?
The Paypers
SEPTEMBER 7, 2022
Financial and banking technology service provider Celcoin has launched an Initiation of Payment Transaction (ITP) API, according to inforchannel.com.br.
PYMNTS
MARCH 27, 2020
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.,
The Paypers
JUNE 5, 2018
(The Paypers) Citi has announced that is has enrolled as a Payment Initiation Service Provider (PISP) on the UK Open Banking Directory.
28 
Payments Source
JUNE 9, 2017
International payments and risk-based services provider INTL FCStone says its London-based global payments division will become a non-bank participant in Swift's global initiative to improve the cross-border transaction landscape.
60 
Fintech Finance
JUNE 25, 2024
Wero , the new European payment solution developed by the European Payment Initiative (EPI) will be available to Computop customers from the moment it launches e-commerce payment in mid-2025.
PYMNTS
JUNE 28, 2016
As of today, 73 new banks have signed on to Swift’s Global payments initiative. The goal of the project is to expand the payment services and experience for customers by upping the speed, transparency and predictability of cross-border payments.
Fintech News
JULY 23, 2024
Payments infrastructure company TerraPay has announced that financial institutions can now send money directly to over 2.1 This development aims to enhance the cross-border payments experience for businesses and consumers. billion mobile wallets worldwide using their existing Swift connectivity.
107 
The Fintech Times
JULY 31, 2024
By leveraging Salt Edge’s Partner API, SDK.finance will enable customers without an Account Information Service Provider (AISP) licence to access bank account information easily, removing various regulatory complexities and hurdles.
Fintech News
APRIL 18, 2024
Southeast Asian open finance platform Brankas has reportedly become the first company in Indonesia to obtain a Payment Service Provider (PJP) Category 2 license for Account Information Services (AInS) from Bank Indonesia.
107 
The Paypers
JANUARY 17, 2023
HES FinTech , a Lithuania-based provider of lending platforms, has partnered with Acquired.com , a UK-based payment initiation service provider.
48 
Fintech Finance
JULY 23, 2024
billion mobile wallets around the world using their existing Swift connectivity, enhancing the cross-border payments experience for businesses and consumers. ” The post TerraPay Enables Financial Institutions to Send International Account-to-Wallet Payments Using Swift appeared first on FF News | Fintech Finance.
98 
The Paypers
MAY 8, 2023
Europe-based Open Banking service provider LUXHUB has announced that CSoftware has successfully integrated several of its Account Information and Payment Initiation Services into its operations, according to IT Nation.
The Fintech Times
AUGUST 19, 2024
The PSR continues to think that an MLA would be an efficient way of managing relationships between sending firms and payment initiation service providers (PISPs). It revealed that it saw support for greater levels of coordination, although concerns exist about the need for a multilateral agreement (MLA).
59 
Fintech Finance
MARCH 25, 2024
It has since launched numerous Open Banking products, including Confirmation of Payee (CoP), Payer Name Verification (PNV) and Account Information Services (AIS) solutions. Jo Toolan, Managing Director of Client Services, PayPoint said: “Today marks an important moment in the continued growth of our Open Banking offering.
52 
The Paypers
JULY 25, 2022
CRIF , a company specialising in credit and business information systems, analytics, outsourcing, and processing services, has registered as a Payment Initiation Service Provider (PISP) with the Central Bank of Ireland.
36 
Payments Source
AUGUST 7, 2018
Under TrueLayer’s Payment Initiation license, its forthcoming Payments API could enable third parties such as online retailers to have consent-based access to customers’ bank accounts in order to take payments for goods and services.
68 
Fintech Review
JULY 24, 2024
In India, Paytm has revolutionised digital payments. Initially a mobile recharge platform, it has evolved into a comprehensive digital wallet and financial services provider. Today, Paytm offers a range of services, including bill payments, online shopping, and financial investments.
105 
The Paypers
SEPTEMBER 24, 2021
LUXHUB , Luxembourg’s Open Banking player, has obtained both AISP (Account Information Service Provider) and PISP (Payment Initiation Service Provider) licenses.
Fintech Finance
AUGUST 15, 2024
The PSR continues to think that an MLA could be an efficient way of managing relationships between sending firms and payment initiation service providers (PISPs). The PSR will work closely with the VRP implementation group to look at what specific rules an MLA should include and who might be best placed to operate it.
52 
PYMNTS
FEBRUARY 2, 2021
This week's look at the latest in open banking and bank-FinTech collaboration finds financial institutions (FIs) exploring both partnerships and acquisitions to strengthen their offerings for corporates, while third-party service providers have also boosted their data-sharing capabilities to empower those financial service provider tie-ups.
57 
Open Banking Excellence
MARCH 5, 2024
Without that you’re never going to get a compelling user experience and value proposition – you need banks and PSPs (Payment Initiation Service Providers) to work together,” says Wright. For VRP to really take off, the industry needs to create a model that incentivises all parts of the value chain to innovate.
147 
Fintech Finance
JUNE 4, 2024
Leading account-to-account (A2A) payment infrastructure provider, Token.io , announced today at Money20/20 Europe the launch of new hosted payment pages to enhance Pay by Bank user experiences, and maximise conversions for merchants and their customers.
Neopay
APRIL 25, 2024
While the Commission suggested a similar obligation, the Parliament has clarified further how this justification should be provided. Moreover, ASPSPs will need to provide payment initiation service providers ( PISP ) with the necessary transaction information when initiated directly by the user for execution.
The Paypers
SEPTEMBER 2, 2020
the digital smart open banking app, has been given its own electronic money (e-money), Account Information and Payment Initiation Service Provider (AISP and PISP) licenses from the Financial Conduct Authority (FCA).
PYMNTS
DECEMBER 3, 2020
The assumption among financial institutions (FIs), he explained, is that the pain of switching banks is not worth the effort, thus business clients will stay with their current financial service providers – even if it means reliance on outdated and lackluster products. On the other hand, users demand simpler and better experiences.
FICO
AUGUST 7, 2017
Or the 50 PSD2 terms , here are my 3 favorites: ASPSP – Account Servicing Payment Service Provider — a tongue-twister to rival Sister Suzie and her shirt-sewing shenanigans! An ASPSP is a Payment Service Provider (PSP) such as a bank or card issuer that provides authorised access to bank account information.
PYMNTS
OCTOBER 28, 2019
“Our goal is to help customers integrate their data, in turn expanding their global reach and managing their international payments more efficiently, while maintaining our commitment to leading the industry in offering the highest standards of security,” Johnson said. Domestic and cross-border payments are supported in over 130 currencies.
Open Banking
JULY 23, 2024
Notes to editors: The recent growth in users has bucked trends from previous years: There has been higher growth in Payment Initiation Service (PIS) users over the past 12 months (61% year on year) However, growth of Account Information Service (AIS) users has also steadily accelerated in recent months (currently 27% year-on-year).
The Paypers
JUNE 8, 2018
(The Paypers) US-based Token has become the first Payment Initiation Service Provider (PISP) to conduct an end-to-end payment through a public bank API.
28 
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.
The Paypers
SEPTEMBER 5, 2018
(The Paypers) Turnkey open banking platform provider, Token , has announced it is the first Payment Initiation Service Provider (PISP) to conduct an end-to-end payment with public bank APIs for each of the CMA9.
28 
FICO
SEPTEMBER 19, 2017
Many of the outcomes of PSD2 will be positive - the Account Information Service Providers (AISPs) and Payment Initiation Service Providers (PISPs) will give people access to a range of new services that will help them to manage their money better and give them more flexibility in the payment providers they use.
PYMNTS
OCTOBER 12, 2020
There is no dearth of faster payments initiatives — and no certainty that there will be one faster payments scheme to rule them all. Upon launch, FedNow will operate alongside other payment rails, offering FIs and service providers “an additional choice in terms of infrastructure to support instant payments.”.
PYMNTS
MAY 3, 2019
Indeed, FinTech and alternative financial service providers have stepped in to try to combat those points of friction, wielding technologies like blockchain and IBAN solutions to find ways around the friction of correspondent banking. .
PYMNTS
SEPTEMBER 11, 2019
Elsewhere, in Denmark, the FinTech firm known as Nordic API Gateway , which offers the money app Spiir, said this past week that they have received a payment initiation service provider license (PISP). The company had received an account information service provider license from Danish authorities in 2018.
71 
PYMNTS
NOVEMBER 27, 2019
Further, one of the largest benefits to corporates of faster and real-time payments services is less about the speed and more about the data these networks are able to carry along with a transaction. These underlying markets sometimes dictate the speed by which a cross-border payment can travel to an end beneficiary.”.
117 
FICO
OCTOBER 12, 2017
In an earlier blog I wrote that NOW is the right time for payment service providers to prepare their fraud operations for PSD2. All payment service providers will need to use Transaction Risk Monitoring to deliver the reporting required by the regulation. Consider the technologies you’ll need to support you.
PYMNTS
OCTOBER 7, 2016
Oberthur Technologies (OT) is partnering with payments service provider Nets to deliver support for mobile payments to Scandinavian banks. 6), is aimed at helping to service banks in the Nordics with a financial platform that supports future international mobile payment methods.
PYMNTS
JUNE 5, 2018
.’s Open Banking Directory in an effort to enhance payment and collection services for business clients, the FI said Monday (June 4). Citi announced it is joining the Directory as a Payment Initiation Service Provider (PISP), enabling the bank to pilot payment and collection services for its corporate customers.
64 PYMNTS
SEPTEMBER 19, 2018
Financial service providers in Hong Kong are readying to facilitate real-time payments for both corporate and non-corporate customers as the market’s Faster Payment System (FPS) comes into effect. 17) said the Faster Payment System will launch Sept. Reports in Marketing Interactive on Tuesday (Sept.
FICO
NOVEMBER 28, 2017
It wasn’t until I saw the final animation for ‘PSD2 and Jenny’s Washing Machine’ that it really dawned on me how exposed payment service providers will be to accusations of poor customer experience, once Payment Initiation Service Providers (PISPs) are up and running.
PYMNTS
SEPTEMBER 28, 2016
ACI’s UP Immediate Payments solution addresses the end-to-end requirements of financial institutions and payment service providers, enabling them to integrate and manage their entire payments ecosystem through solution configuration. “We
PYMNTS
APRIL 19, 2017
According to EBA Clearing, account-servicing payment service providers across Europe will be able to use the technology for payments made in Euros starting in November of this year. The technology aims to make real-time payments across the EU available 24/7. “We
Expert insights. Personalized for you.
We have resent the email to
Are you sure you want to cancel your subscriptions?
Let's personalize your content