Account To Account Payments news and trends

Trustly Expects to Process $100 Billion in Open Banking Payments in 2024
Payments Innovation // October 23, 2024

Open banking payments firm Trustly said that it expects to process a record $100 billion in total payments value (TPV) in 2024. To date, more than 112 million consumers have used Trustly’s products, the company said in a Wednesday (Oct. 23) press release emailed to...

Banked Bolsters Australian Pay-by-Bank Foothold With Waave Acquisition
Acquisitions // October 10, 2024

Pay-by-bank provider Banked has acquired Australian payment technology firm Waave. The deal gives Banked a deeper foothold in Australia’s pay-by-bank sector while also establishing a partnership with local retailer Chemist Warehouse, the company said in a news release Thursday (Oct. 10). “Acquiring Waave is a...

Account-to-Account Payments Challenge Virtual Cards in B2B Sector
B2B Payments // October 08, 2024

There’s a reason why the well-worn phrase “Like money in the bank” is shorthand for security and peace of mind. For B2B suppliers especially, money in the bank — in its most literal sense — is among the most critical components of security. Cash in...

Plaid, Ansa Pay-By-Bank Partnership Targets Merchants and Restaurants
Payment Methods // October 08, 2024

Ansa and Plaid are teaming up to lower payment costs for merchants and restaurants. The partnership between the digital wallet provider and the data network is designed to provide these businesses — particularly coffeeshops and quick-service eateries — with digital wallets to power “high-converting pay...

Interviews & Exclusives
84% of Bank Account-to-Account Users Satisfied With Platforms’ Speed and Use

September 17, 2024
As open banking begins to reshape the financial landscape, the promise of enhanced consumer experiences and innovative services looms large. But a PYMNTS Intelligence report, “Can Banks and FinTechs Bridge the Divide to an Open Banking Future?,” created in collaboration with NCR Voyix, shows why the future of open banking hinges on how effectively banks, FinTechs […]

Restaurant Supply Chains May Boost Account-to-Account Momentum

June 02, 2024
Matching supply and demand is both art and science, and the restaurant supply chain is all about “just in time” inventory management. After all, food spoils. Misjudge the crush of...

Plaid Says Pay by Bank Is Nearing a Tipping Point as Consumers Form New ‘Habits’

February 06, 2024
Rahul Hampole, head of payments at Plaid, said pay by bank is gearing up for widespread adoption — but much depends on use cases that are offered, spanning pay-ins … and...

Consumers Need Incentives to Pick Pay-by-Bank Options

December 18, 2023
Account-to-account (A2A) payments do just what the name implies: transfer funds between bank accounts in near real time. These payments have gained traction in recent years — used by 36%...

Quick Reads
Trustly Expects to Process $100 Billion in Open Banking Payments in 2024

October 23, 2024
Open banking payments firm Trustly said that it expects to process a record $100 billion in total payments value (TPV) in 2024. To date, more than 112 million consumers have used Trustly’s products, the company said in a Wednesday (Oct. 23) press release emailed to PYMNTS. “Trustly’s remarkable growth is further proof that Open Banking […]

Banked Bolsters Australian Pay-by-Bank Foothold With Waave Acquisition

October 10, 2024
Pay-by-bank provider Banked has acquired Australian payment technology firm Waave. The deal gives Banked a deeper foothold in Australia’s pay-by-bank sector while also establishing a partnership with local retailer Chemist...

Plaid, Ansa Pay-By-Bank Partnership Targets Merchants and Restaurants

October 08, 2024
Ansa and Plaid are teaming up to lower payment costs for merchants and restaurants. The partnership between the digital wallet provider and the data network is designed to provide these...

Form3 Raises $60 Million to Expand Account-to-Account Platform

September 12, 2024
Form3 completed a $60 million Series C extension and said it will use the new funding to develop new products and services and support the growth of its cloud-native account-to-account...