Looking Back to Move Forward: Key Takeaways from Money 20/20 Vegas
As the industry comes back together after the pandemic and prepares for the start of 2022, we look back on key drivers of the continuously evolving FinTech industry. In this article, we reflect on key learnings from Money 2020 Vegas, the industry’s most influential fintech event.
Trustly and Payrailz Partner to Expand Open Banking in the U.S.
Trustly, the global leader in online banking and payments, and Payrailz, a digital payments company offering smarter, more engaging payment experiences to banks and credit unions across the United States, have joined forces to more efficiently deliver Open Banking to consumers in the U.S.
Open Banking to Exceed $116 Billion in 2026
According to a 2021 study by Juniper Research, the value of global payment transactions facilitated by Open Banking will exceed $116 billion by 2026. This projected value represents a 2,800% growth rate in the next 5 years—2021 is projected to generate $4 billion.
COVID-19 and The Increased Demand for Real-Time Payments
The desire for faster pay-ins and payouts isn’t limited to the payroll economy, industries across the country are experiencing an increased demand for faster, real-time payments as an after effect of COVID-19.
Surcharges and the Fight for Lower Processing Fees
Digital payments have grown exponentially during the COVID-19 pandemic. However, with digital card payments come processing fees established by credit card companies. Many retailers are fighting back against the climbing rates and seeking out alternative payment options.
Partners in the Future of Open Banking: Fifth Third Bank and Trustly
Mutually beneficial collaboration between FinTechs and banks help bring new services to consumers, empower their data ownership, and create long-term value. Learn about Trustly's latest partnership with Fifth Third Bank.
Biden’s Executive Order: Laying the Foundation for Open Banking
Last week, President Joe Biden issued an executive order that included a list of objectives across a plethora of industries intended to improve competition. It also represents a tremendous step forward for the Open Banking and Open Finance movement in the United States.
Obstacles to US Open Banking Adoption
The U.S. has lagged behind European counterparts in Open Banking adoption. How can the US accelerate adoption and what obstacles are we currently facing?
Are You Compliant with Nacha's New Data Security Rules?
Nacha has introduced supplemental data security requirements which explicitly require large, non-FI Originators, Third-Party Service Providers (TPSPs), and Third-Party Senders (TPSs) to protect deposit account info by rendering it unreadable when it is stored electronically.