Interchecks and Mastercard have formed a collaboration to advance account-to-account (A2A) payments, combining the former’s Pay by Bank solution with the Open Finance capabilities of Mastercard. The partnership will see Interchecks utilise Mastercard's Open Finance verification and network reach to increase the Pay by Bank accessibility in new markets and for various use cases. It is said to target key payment challenges such as decreasing failed subscription transactions, offering quicker and more adap ...

Company Acquisition - ACI Worldwide has acquired Payment Components, a provider of financial messaging and open banking solutions [1][2] - The acquisition aims to integrate Payment Components technology into ACI Connetic, ACI's cloud-native unified payments platform [2] Strategic Impact - ACI's CEO, Thomas Warsop, stated that the acquisition will enhance ACI Connetic's capabilities and set a new standard for banks in payment transformation within the digital economy [3] - Payment Components, founded in Greece in 2014, serves 65 banks and institutions across 25 countries and utilizes generative AI to improve payment processes [3] Open Banking Insights - Recent research indicates that a significant knowledge gap exists among U.S. consumers regarding open banking payments, with 56% unaware of the option [4] - The report suggests that the pay by bank method could gain traction in sectors where consumers already link accounts directly, such as betting and ridesharing [5] - Younger consumers, particularly Generation Z and millennials, show a strong interest in using pay by bank for transferring funds, with over 40% expressing willingness [6]

Core Insights - Coinbase has partnered with Tink, a Visa-owned open banking platform, to facilitate crypto purchases via a "pay by bank" option in Germany [2][4] - This collaboration aims to enhance user experience by allowing quick and secure transactions directly from bank accounts, thereby simplifying access to the crypto economy [3][4] Group 1: Partnership Details - The partnership introduces a new service for Coinbase users in Germany, providing them with more options for managing crypto purchases [2] - Tink's technology enables customers to top up their accounts with minimal effort, streamlining the process of accessing cryptocurrencies [3] - The initial phase of the collaboration will focus on fiat pay-ins and pay-outs, supporting Coinbase's payment orchestration [5] Group 2: Market Context - Research indicates a general lack of consumer awareness regarding the "pay by bank" method, suggesting that its adoption may be more successful in sectors where direct account linking is common [6] - Younger demographics, particularly Generation Z and millennials, show a strong willingness to experiment with this payment method, with over 40% expressing interest in using it for transferring funds between bank and brokerage accounts [7] - Ease of use is a significant factor for current users, with nearly 40% citing simplicity as the main attraction of the "pay by bank" method [7]

Core Insights - TrueLayer has agreed to acquire Zimpler, a Pay by Bank network in the Nordic countries, to enhance the adoption of Pay by Bank services across Europe [1][4] - The acquisition will provide TrueLayer access to a user base of over 20 million and extend its reach into key markets like Finland and Sweden [2] - The deal is expected to integrate the Swish payment rail into TrueLayer's A2A offerings, further promoting Pay by Bank methods [3] Company Strategy - TrueLayer aims to combine talent, technology, and scale through this acquisition to accelerate Pay by Bank adoption across Europe [4] - The transaction is pending regulatory approval from the Swedish Financial Supervisory Authority [4][5] - TrueLayer plans to keep stakeholders updated on the regulatory review process through official communication channels [5] Market Context - The Nordic region is recognized for its high adoption rates of account-to-account (A2A) payments, making it an ideal testing ground for Pay by Bank systems [2] - The acquisition aligns with broader trends in the payments industry, where companies like Stripe are also exploring Pay by Bank options in markets such as France and Germany [5]