Open Banking

Open banking is a financial services term as part of financial technology that refers to: The use of open APIs that enable third-party developers to build applications and services around the financial institution. Greater financial transparency options for account holders ranging from open data to private data.

80% of Pay-by-Bank Users Report Better Data Security and Lower Cart Abandonment
80% of Pay-by-Bank Users Report Better Data Security and Lower Cart Abandonment
March 10, 2025  |  Payment Methods

As digital payments evolve, pay by bank is gaining traction in consumer-facing sectors. The payment method is in its early stages, but it’s already helping...

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Section 1033 May Fall Short of its Data Security and Open Banking Goals
Section 1033 May Fall Short of its Data Security and Open Banking Goals
March 03, 2025  |  Bank Regulation

There’s a rule of thumb in law that states that hard cases make bad law. The sentiment can be reworked a bit to extend to...

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Unzer Taps Mastercard Technology to Launch Pay-by-Bank Tool
Unzer Taps Mastercard Technology to Launch Pay-by-Bank Tool
February 27, 2025  |  Payment Methods

Payments firm Unzer has debuted a pay-by-bank tool in conjunction with Mastercard. Unzer Direct Transfer, announced by the Berlin-based company Thursday (Feb. 27), is an open banking-powered method that lets...

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Pay by Bank Is User Experience Grand Slam for Sports Betting
Pay by Bank Is User Experience Grand Slam for Sports Betting
February 24, 2025  |  Payment Methods

When it comes to sports betting, speed isn’t just for the players on the field. It’s also a critical factor in the flow of cash,...

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Court Battle Could Reshape Consumer Financial Data Landscape
Court Battle Could Reshape Consumer Financial Data Landscape
February 12, 2025  |  Bank Regulation

The fight over the CFPB’s status and, in particular, the future of Open Banking Rule 1033 is on. A Washington, D.C.-based trade group, the Financial...

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With CFPB Closed, Open Banking Awaits Next Steps
With CFPB Closed, Open Banking Awaits Next Steps
February 10, 2025  |  Regulation

The Consumer Financial Protection Bureau is shuttered — at least for now. In the wake of Russell Vought — head of the Office of Management...

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Trustly and Kivra Team to Promote Digital Payments in Sweden
Trustly and Kivra Team to Promote Digital Payments in Sweden
February 10, 2025  |  Partnerships

Trustly has formed an automatic payments partnership with Sweden-based digital mailbox provider Kivra. The partnership, announced Monday (Feb. 10), centers around the companies’ “Autogiro” solution, designed to streamline automatic...

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What to Watch for as CFPB Stops Rulemaking in Its Tracks
What to Watch for as CFPB Stops Rulemaking in Its Tracks
February 07, 2025  |  CFPB

To say it’s been an eventful week for the Consumer Financial Protection Bureau might be an understatement. Last weekend, President Donald Trump fired CFPB Director...

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Pay.com Selects Volt as Strategic Open Banking Partner
Pay.com Selects Volt as Strategic Open Banking Partner
February 03, 2025  |  Partnerships

Payments orchestration infrastructure firm Pay.com’s merchants will be able to access global real-time payments platform Volt’s Instant Bank Transfer solution to allow their end-users to make...

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