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Open Banking: London based Volt, an Open Payments Gateway, Unveils New Cash Management Facility

Open Banking: London based Volt, an Open Payments Gateway, Unveils New Cash Management Facility April 28, 2021 @ 8:04 am By Omar Faridi Volt, an open payments gateway, revealed on Wednesday (April 28, 2021) that it has developed new cash management functionality. It offers merchants and payment service providers with full visibility of Open Banking payments made via the UK’s Faster Payments Service and the European SEPA Credit Transfer and SEPA Instant Credit Transfer schemes. Currently available in the United Kingdom, and also across Europe by the end of next month, Volt Connect has been designed to give merchants more control of their cash by allowing them to keep track of multi-currency PSD2 payments from the point of initiation to the moment of arrival in their accounts. Automatic reconciliation and reporting offer recipients with instant notification of transaction settlement, enabling them to credit the intended customer account a lot faster and in a reliable manne

Barclays Set to Shut Down P2P Payment App Pingit on June 30, 2021

Barclays Set to Shut Down P2P Payment App Pingit on June 30, 2021
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EML Acquires Sentenial Group & Enters The Open Banking Market In Europe

EML Acquires Sentenial Group & Enters The Open Banking Market In Europe Sentenial Limited and its wholly-owned subsidiaries (“Sentenial”), and its Open Banking brand Nuapay, have been an early mover in the emerging Open Banking and Account-2-Account (“A2A”) payments sector in Europe. The acquisition broadens the EML product suite and positions EML to be able to take advantage of rapid scale growth in the Open Banking sector in Europe and to expand the capability across all regions. BRISBANE, Australia (BUSINESS WIRE) EML Payments Limited (ASX: EML) (S&P/ASX 200) has entered into a binding agreement to acquire 100% of Sentenial for an upfront enterprise value of €70 million (A$108.6 million), plus an earn-out component of up to €40 million (A$62.1 million).

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