Walia sees plenty of activity in BNPL, beginning with brands partnering with banks to introduce their BNPL capability.
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With BNPL solutions transforming the speed and ease of online shopping checkouts, providers must act proactively against fraud, says DataVisor CEO Yinglian Xie.
ACI Worldwide (NASDAQ: ACIW), an international provider of real-time virtual payment software and services, has teamed up with Affirm, the payment network that 'empowers consumers and helps merchants drive growth.' As mentioned in a release, U.S. merchants using ACI Secure eCommerce are now able to
BNPL: Fintech company Affirm explains how flexible Buy Now, Pay Later options can help digital commerce platforms expand their business faster.
Optty offers solution "for retailers and payment gateway providers to revolutionize the [BNPL] sector with transparency, simplicity, and speed."...
Zelle has quickly made a name for themselves in p2p payments, now BNY Mellon is looking to leverage the company for business payments; "There are rapid changes in the payments space," Carl Slabicki, director and product line manager for immediate payments at BNY Mellon, said to American Banker. "If you want to remain relevant and allow your clients access to new payment systems, you need to be quicker to market with a faster payment solution.”; b2b payments have no been easier to automate but BNY is hoping to help move the process in that direction. Source.
BNY Mellon is one of the oldest banks in New York; Roman Regelman who is head of digital at the...
The relationship likely carries publicity upside for both financial brands.
Speaking at the International Fintech Conference hosted by the UK government, Bank of England Governor Mark Carney explained how the Bank of England is looking at the new rise of fintech firms; "Light touch regulation, out-moded codes of market conduct, inadequate settlement and clearing infrastructure all contributed, we can draw on these experiences to help ensure that fintech boosts growth and promotes financial stability," explained Carney; he also pointed out that regulators cannot hamstring innovation as the benefits from fintech should not be stamped out by regulation. Source