Novo’s Post

Attention Banks and Credit Unions, At Torpago, we recognize the significance of efficient operations, which is why our Powered By program is designed to empower banks with the resources necessary to launch modern commercial credit card programs, allowing you to concentrate on cultivating and expanding your customer base. Want to know more? You can dive deeper into the details about our Powered By program here👉 https://lnkd.in/gUDzxDRC #Banking #Fintech #CustomerAcquisition #ExpenseManagement #CrediCardPrograms

"What's next for open banking?" This question emerges each year, and I've even noticed this wording used as a discussion point on the Merchant Payments Ecosystem agenda next week. When a consumer uses a credit or debit card, the process is easy, the user is protected, and the fees sit with the merchant. This is great for the consumer, but less so for merchants. Open Banking is currently the opposite – the user journey takes longer and there aren’t consumer protections in place, but merchants benefit hugely from a cost perspective. Until we’ve reached a place where consumers benefit just as much as merchants, I think widespread adoption for consumer payments will be a challenge.  What do you think? Keen to hear my networks' thoughts.  I look forward to attending the discussion at MPE next week, keen to hear the thoughts of David Parker, Dr. Lea Maria Siering, Dr Michael Salmony, Lena Hackelöer and Katharina Luschnik. If you are attending this session, drop me a message and we can connect. Cashflows #MPE #Fintech #Payments

Orum.io has announced the #launch of Verify, a solution that validates #US-based consumer and business bank accounts. Read The Paypers to discover more: https://bit.ly/3QdnmTl #thepaypers #financialnews #productlaunch #onlineverification #digitalverification #accountverification #bankaccounts

Infinant has created a more efficient path for banks to reduce third-party costs and risks. Through the acquisition, we’re adding to our next-generation digital payment capabilities, including real-time debit card issuance and processing—as native features to the Interlace Platform. 🤩 Acquiring Figure Pay’s card processing technology supports Infinant’s continued growth strategy for the Interlace Platform, providing banks and credit unions the ability to expand distribution channels faster and maintain direct relationships with their partners (fintech and brands) to meet the evolving needs of consumers, small businesses and commercial account holders. 🙌 🔗 Read the full press release at: https://lnkd.in/eysKeYzB #Infinant #FigurePay #Banking #FinancialServices

The market for #financial institutions (#FIs) providing financial services—especially #payments—to #fintech firms and other businesses is expected to grow from US$22 billion in 2020 to US$230 billion by 2025. This Datos Insights Retail #Banking and Payments Fintech Spotlight looks at four #fintech #vendors leveraging #technology to connect with #customers more effectively and offering more choices in how to pay for things. The vendors profiled include Episode Six (E6), Finix, Gr4vy (Gravy), and Vestigo Cards & Payments.

In a world of immediate payment options like Venmo and Zelle, most U.S. banks are still using the same payment-processing technology they installed in the 1980s. Consumers have come to embrace real-time payments, looking increasingly to digital-first nonbank financial players for increased speed and convenience. It has created a landscape where many legacy banks are behind both their customers’ expectations and their competitors’ capabilities.     To explore how legacy banks can get up to speed on real-time services, PaymentsJournal sat down with John Brady, Chief Architect and Head of Engineering at BillGO, as well as Elisa Tavilla, Director of Debit Payments at Javelin Strategy & Research. Listen to their full discussion below 

“Capitec Pay is a sign of our commitment to open banking and real-time payments. We continue to work with banks to support official integrations which not only deliver a superior real-time experience but also far greater security to bank account holders and users.” - Rahul Jain Thanks Ventureburn for the feature! Click the link below to read the full article👇🏽

Ebury has a purpose-built solution to support Special Purpose Vehicles (SPVs) with transaction banking services. With a dedicated team, product, processes and technology. Read more about how Ebury services SPVs in our recent blog

Dive into this recent Fintech Nexus article to learn how Prizeout's all new white-labeled experience is reshaping banking for 25 credit unions, empowering users with seamless access to rewards.

Alkami Technology and SWIVEL Partner to Provide Financial Institutions With Improved Payments Functionality “Today, many financial institutions suffer from a lack of payment options for consumers to pay loans and a lack of integration with client systems,” said Jason O'Brien, chief executive officer at SWIVEL. “We are excited to partner with Alkami to help alleviate these challenges for their financial institution clients, enabling them to provide a payment experience for account holders that is convenient, and in a self-serve manner with their choice of payment methods and types.” https://lnkd.in/eyr4F83i Jeff Chen #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews