Fintech

Worldpay is combining the Worldpay Bankout solution, which will now deliver to 154 direct bank disbursement destinations, and Worldpay FastAccess enabled by Visa Direct.

The payment landscape is still very fragmented with local solutions holding their own against global giants and new technologies such as AI and blockchain keeping the payments market very enterprising, writes Eva Murphy Ryan, trade development executive for financial services and technology at Enterprise Ireland New York.

The company agreed to buy Mainland Bank for nearly $20 million in stock.

For all the media attention around the best options for cardholders when making transactions abroad, there's little focus on the lack of transparency on the costs involved with making a purchase in the local currencies where Visa, Mastercard and the issuers manage the conversion, argues Gino Ravaioli, chairman of the DCC Forum.

Called Bill Pay Exchange, it will power instant bill pay for consumers from their bank or credit union accounts in a matter of seconds versus days when using the traditional bank bill pay ACH network.

Credit unions in Iowa and across the west were honored for their work aiding immigrants and financial education for students, respectively.

CIT Bank and Simple recently started offering higher yields on the condition that customers make regular contributions to savings. The offers are designed to help the banks avoid rate wars, but some analysts question whether they will appeal to enough consumers.

The three credit unions from Connecticut will receive a variety of services from the credit union service organization, including bill pay.

Credit unions in the Great Lakes State continued to add members in Q2 while a variety of loan types saw double-digit growth.

Angela Clark will be CEO of Beem It, which launched in May and has the backing of National Australia Bank, Westpac and Commonwealth Bank.