Page 3 - Payment Initiation News Today

Embedded Financial Services Can Offer Better User Experience, Fintech Modulr Explains May 27, 2021 @ 5:33 pm By Omar Faridi Modulr, a Payments as a Service API Platform for digital businesses, notes that embedded financial services can be considered the fourth platform. UK-based Modulr writes in a blog post that embedded financial services have kicked off an “exciting innovations race.” The company also mentions that non-traditional financial services providers such as Google or Ebay have m...

Dalmore Group Teams with Global Wine Marketplace Vinsent for Direct Reg CF Offering Veteran Reg A+ Broker-Dealer DalmoreGroup announced the Reg CF launch ofVinsent, a company that is working toenhance the wine industry ecosystem ... Pakt Bags, Inc. Launches Investment Campaign to Expand Line of Exceptional Travel Products, raising up to $1.07M Brooklyn, NY, April. 14, 2021 —Pakt, Inc., a company that createsgear built for the modern traveler, ... SKILLICORN Technologies announces the launch...

Plaid Announces New API Partnership With Railsbank   Plaid announced on Thursday it has joined forces with Railsbank. Plaid reported that through the new partnership, Railsbank customers in the UK will have access to Plaid’s Payment Initiation API to accept instant bank payments directly within their app or website. Plaid reported that with the API, Railsbank customers may enable instant account-to-account transfer and create “innovative” payment journeys. “As a result of the partne...

UK Fintech Modulr Secures Strategic Investment from FIS April 13, 2021 @ 7:57 am By Omar Faridi Modulr, a Payments as a Service API Platform for digital businesses, has revealed that it received a strategic investment from the venture division of FIS. FIS intends to leverage Modulr‘s API-enabled payments infrastructure to carry out and automate real-time, B2B payments in the UK and across Europe as part of FIS’ “broader” real-time payments strategy. As mentioned in the announcement, Mo...

SBP Issues Pilot Approvals to Seven PSO/PSP for Payment Digitization Operations Seven new Payment System Operators/Payment Services Providers (PSO/PSP) are set to commence their operations in Pakistan to form a landscape of payment digitization system through various services. The State Bank of Pakistan (SBP) has issued in-principle and pilot approvals for these operators. Some of these operators have commenced their pilot operations, along with their business partners, while a couple of operat...

HMRC explores the potential of open banking to ‘streamline’ tax By Ian Hall on 16/12/2020 HMRC: the department wants to encourage the digitalisation of tax administration | Credit: Global Government Fintech The UK’s HM Revenue & Customs (HMRC) is investigating how it can use small businesses’ and self-employed individuals’ real-time financial transaction data, obtained with their permission through open banking, to calculate and collect tax. Open banking enables account holders to sha...