There are many ways to verify online Automated Clearing House (ACH) payment details for transfers. Voided checks, micro deposits, pre-validations and account scores all validate ACH account payment details in one form or another. They also take more time than is necessary and typically can only verify something rather than adding key data to what […]
Southwest Business Corp., known as SWBC, has entered into a partnership with Finicity, a Mastercard company and Open Banking solutions provider. SWBC will use Finicity’s Open Banking platform Finicity Pay for instant account validation of online ACH payments Read the full article.
Southwest Business Corp., known as SWBC, will rely on Finicity’s Pay for real-time verification of accounts. “Our partnership with Finicity will allow SWBC to deliver new security capabilities protecting consumers and the institutions that serve them,” Tucker Stovall, vice president of product strategy at SWBC, said in a statement. “In addition, instant verification allows for […]
Finicity Pay creates secure payments ecosystem; meets 2021 Nacha requirements for ACH transactions, increased anti-fraud controls SALT LAKE CITY, Utah – January 15, 2021 – Finicity, a Mastercard company and leading provider of open banking solutions, and SWBC, an international financial services company, announced today that SWBC will utilize Finicity Pay™ for instant account verification of […]
Finicity, a Mastercard company, is now a Nacha Preferred Partner for Account Validation through Finicity Pay, an integrated solution set of Finicity’s open banking platform. Read the full article.
Rebecca Ayers of FinLedger discusses the anxiety consumers have about their personal finances as the covid-19 pandemic continues to impact financial security. “A recent report conducted by Finicity revealed that about 64% of respondents impacted by job/income loss due to the pandemic said that it’s hard to keep up with bills and payments. And, 95% of those […]
A smooth verification of income process is crucial for mortgage lenders to satisfy customers and maintain efficiency. Unfortunately, with consumer expectations evolving and with better, more secure digital verification solutions on the market, manual verification simply doesn’t cut it anymore. Today’s winning solutions streamline processes for everyone involved. More efficient workflows and solutions satisfy the […]
After decades–centuries, even–of inaccessibility, inclusion takes conscious effort. It’s more than demanding someone to pull themselves up by their bootstraps and force themselves through the door. Because sometimes that door is a wall and sometimes that wall lacks footholds and not everyone has a sledgehammer. For many, unfortunately, inaccessibility is still familiar, despite notable strides […]
Mastercard announced it has completed its acquisition of Finicity, a leading North American provider of real-time access to financial data and insights. “Today is a great milestone as we continue to build out the solutions that deliver on the potential of open banking,” said Craig Vosburg, president, North America, Mastercard. “We now turn our focus […]
Some challenges are predictable. With more consumers growing accustomed to digital solutions in all industries, it’s not surprising that they would expect the same in lending, which could present a challenge for lenders lagging in digital adoption. Other challenges, however, sneak out of the shadows and force industries to adapt overnight, or fall drastically behind. […]
