BNY Partnered with Federal Bank of Australia Offering customers near real-time payments for cross-border transactions.
By partnering with CBA, BNY customers will be able to make and receive payments in about 60 seconds, according to an August 22 announcement from BNY.
According to the release, BNY will connect its existing international payment services network to CBA’s new payments platform to speed up transactions at this final stage of the payment lifecycle.
There are 90 real-time payment networks around the world. curl SlavickiThe co-head of global payments at BNY Treasury Services made the remarks during a roundtable hosted by the $30 billion financial institution on August 13.
Additionally, a BNY Emerging Payment Trends Survey released at the event found that 80% of businesses plan to increase cross-border payments over the next one to two years.
BNY aims to act as a connector to as many global networks as possible, such as the New Payments Platform in Australia and Faster Payments in the UK, to make payments faster and more secure. Slavicki said.
“We can say that by building this into our capabilities, we can now settle in over 100 currencies and move funds around the world and in any market that allows it,” he said.
Edward Jones Selects U.S. Bank to Provide Banking Services
Asset Management Provider Edward Jones Selected Bank of America The company will offer customers checking accounts, savings accounts and credit solutions, according to an Aug. 22 announcement.
“U.S. Bank has a longstanding relationship with Edward Jones and maintains its credit card programs.” Arijit Roy“The bank is looking to expand its banking portfolio to include a broader range of products, including consumer and business banking,” said U.S. Bank’s head of consumer and business banking products. Bank Automation News“Given Edward Jones’ footprint of more than 15,000 branches across the U.S., this partnership will expand our geographic reach beyond our 26-state branch network.”
Roy said the strategic partnership will enable Edward Jones to deeply integrate customers into its ecosystem, while allowing U.S. Bank to grow its deposit base and expand customer acquisition.
Edward Jones is City It was announced that it would offer the same service to Edward Jones clients in August 2023, but Citi has since withdrawn from the deal and declined to disclose details. Prohibited.
Surety Bank Selects Apiture for Digital Banking
Based in DeLand, Florida Guarantor bank I chose fintech Apicture Apiture announced on August 22 that the company will improve its digital and mobile banking offerings.
Apiture will provide Surety Bank with its Apiture digital banking platform via APIs, which will include features such as online account opening, money transfers and balance checking. Jennifer DimennaApicure’s Senior Vice President of Product said: Prohibited.
Apiture’s API infrastructure also enables Surety Bank to offer services from over 200 fintech partners, including family banking and financial literacy tools. Green Lightt and real-time fraud detection solutions Defensive StormDiMenna said.
“We’re seeing strong demand[for digital banking tools]from local and regional banks and credit unions who want to compete on an equal footing with the larger banks,” DiMenna said. “Consumers and businesses are driving this demand, as they expect the same modern, personalized and intuitive experience with their bank that they get with other digital experiences.”
DiMenna said digital account opening and financial wellness features that allow consumers to manage their spending and monitor their credit scores, as well as instant payment services like Zelle, are some of the most popular digital banking services.
DiMenna said it will take Apicure six to nine months to get Surety Bank on board, and that the bank is expected to be live on the platform by the end of October 2024.
Adyen partners with InvoiceASAP for B2B payments
Global Payment Service Provider Adyen Partner with invoicing and B2B payment providers Invoice as soon as possible Adyen announced on August 21 that it will give customers the ability to issue and pay invoices from a single platform.
According to the release, the Adyen for Platform solution and Adyen’s Cash Out feature will enable customers to make payments and access their funds instantly, reducing waiting periods of several days.
The solutions will be delivered via APIs and will include fraud detection and prevention solutions that leverage network-wide insights and machine learning techniques, an Adyen spokesperson said. Prohibited.
“Businesses are always looking for faster, more efficient ways to move money.” David StrazzaAdyen North America President said: ProhibitedAdyen’s instant payments are one of InvoiceASAP’s main selling points and are a growing trend among Adyen’s existing and potential customers, he said.
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