Entries by Finicity Editor

Finicity Promotes FCRA Accountability for Financial Data Aggregators

Finicity releases detailed analysis affirming that data aggregators should be deemed CRAs and subject to FCRA requirements SALT LAKE CITY, Utah – February 11, 2021 – Finicity, a Mastercard company and leading provider of open banking solutions, has produced a detailed whitepaper with analysis showing why the Fair Credit Reporting Act (FCRA) should apply to […]

Forbes: Reimagining The Credit Review Process With Open Banking

Finicity CEO Steve Smith writes about how tomorrow’s leaders will be the companies that put consumers at the center of the conversation — helping them be more connected to their data, have more control and feel empowered to make the best financial decisions for themselves. He specifically focuses on the credit review process and how […]

ACH transfers made easier through open banking

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 […]

Digital Transactions: With a New ACH Rule Looming, Open Banking Takes on Added Urgency

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 […]

SWBC Selects Finicity Pay™ for Account Validation

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 […]