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Capital on Tap and GoCardless have been working together since 2014.
Through the new partnership, driven by Mastercard’s Open Banking technology, Virgin Money credit card customers will be able to view their accounts and balances in one place.
Speakers from Lloyds Banking Group, Monzo and NatWest Group were at CFIT’s ‘Fighting Economic Crime through Enhanced Verification: Coalition Showcase’.
Pay by Bank transactions grew 75% in the UK last year, according to Token.io’s chief executive officer Todd Clyde.
The regulators made the announcement as part of the next steps for UK Open Banking.
The new platform, Credit Health, combines credit report and Open Banking data.
Lloyds Bank, NatWest, ClearBank, CFIT, Monzo and Innovate Finance took part in the panel debate ‘Driving payments modernisation in an Open Banking era’ at Open Banking Expo UK & Europe last month.
Big Red Cloud will integrate GoCardless’ payment capabilities into its platform, including ‘Instant Bank Pay’.
The solution will help utility and telecoms companies automatically assess eligibility for social tariffs.
Speakers from Token.io, the European Payments Council (EPC), FDATA Global and Mastercard took part in a panel debate about SPAA at Open Banking Expo UK & Europe last month.
