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ClearBank Onboards First Clients to T2 European Payments System

Fintech Finance

The fintech clearing bank welcomes OpenPayd, Pay Perform (which trades as Orbital), and Transact Payments, which will all benefit from real-time transactions in Euros. T2 is the real-time gross settlement (RTGS) system owned and operated by the Eurosystem. Following the opening of ClearBank Europe N.V.,

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CoCoNet Partners With Raifeissen On B2B Payment, Cash Management

PYMNTS

There will be a customizable dashboard allowing users to select the offerings best suited for their needs, and customer self-service will also be available, according to the release.

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Tradewind Offers Flexible Terms Amid COVID-19 Uncertainties

PYMNTS

Many suppliers for retail needs like clothing have had to cancel some payment orders and the ones that do go through have taken longer than usual. Some companies are angling to get payments out faster, and still others have taken the steps Tradewind has and extended the length of time to finance payment terms.

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Flipkart Introduces Partial Payments To Reduce Cancellations, Returns

PYMNTS

told sellers that the “Part Payment” option would encourage prepaid transactions and reduce returns and cancellations. The rate of pay will remain the same for part payment orders, the online news website reported. .

Returns 56
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myTU launches ‘Payouts API’ to Streamline Payment Processing for Businesses

Fintech Finance

These offer a range of features, including the ability to create and sign payment orders directly within clients’ management systems, eliminating the need for manual intervention.

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FTC Bans Rogue Payment Processor In Settlement Over Alleged Scams

PYMNTS

The FTC said in the release that the defendants used payment orders and created checks, all remotely, to facilitate payments for dishonest merchants, allowing them to draw money from consumer victims’ bank accounts. The FTC and Ohio officials filed their complaint against the trio in U.S.

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Helping Restaurants Adjust To Their New Tech-Based Reality

PYMNTS

Mobile ordering, contactless NFC payments, ordering kiosks and delivery options have all started to take hold, forcing restaurants to rethink their core businesses. Restaurants face major change.