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Open Banking, Payments

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 speedy enrollment and immediate access to ACH transaction initiation, a significant improvement to the user experience.”

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