What is positive pay?
Positive pay matches presented checks, or certain ACH activity, against approved data or rules, turning discrepancies into decisio...
By Rafael Ortiz 1 week agoFintech Correspondent
Rafael Ortiz
Rafael covers payments, banking infrastructure, and the software eating financial services. Former product lead at a payments processor.
Latest from Rafael Ortiz
ACH vs. wire transfer: choosing the payment rail
ACH generally suits routine, lower-cost U.S. payments; wires generally suit urgent, high-value or cross-border transfers, with les...
By Rafael Ortiz 1 week agoGenAI productivity metrics banking: IBM partner proposes a throughput test
An IBM consulting partner says banks using GenAI should add business-output measures to speed and stability metrics, though the mo...
By Rafael Ortiz 1 week agoBofA agrees $1.9bn Jio Credit investment for stake of up to 49.9%
Bank of America would begin with 26.5% of Jio Credit and could reach 49.9% by exercising warrants, subject to approvals.
By Rafael Ortiz 1 week agoZeplyn Schwab Advisor Center integration automates account-opening drafts
Zeplyn’s new Schwab integration automates account-opening drafts and adds live holdings and transaction data to advisor briefs.
By Rafael Ortiz 1 week ago
MARI ATG Entertainment acquisition would add 70-venue theatre group
Ari Emanuel’s MARI has agreed to buy ATG Entertainment from Providence, pending approvals, adding seven Broadway and 10 West End v...
By Rafael Ortiz 1 week ago
Oil prices touch $90 as U.S.-Iran impasse clouds Hormuz route
Brent briefly reached $90 a barrel on August 11 as hopes for a U.S.-Iran agreement to reopen Hormuz weakened.
By Rafael Ortiz 1 week ago
Housecall Pro Klarna payments partnership formalizes home-service offering
Klarna and Housecall Pro announced a partnership, while platform records show the payment option was available earlier.
By Rafael Ortiz 1 week agoTMX Investor Solutions plans Canadian rollout with Optio Incentives
TMX Investor Solutions and Oslo-based Optio Incentives plan to bring an equity-plan platform to Canada by the end of 2026.
By Rafael Ortiz 1 week agoNasdaq agrees to acquire LeveL Markets, pending regulatory approvals
Nasdaq has signed an agreement to buy LeveL Markets, an off-exchange U.S. equity venue, with terms undisclosed and closing still p...
By Rafael Ortiz 1 week agoNeighbors Bank Inc. 5000 debut puts lender at No. 1,813
Neighbors Bank reported its first Inc. 5000 placement at No. 1,813, based on revenue growth from 2022 to 2025.
By Rafael Ortiz 1 week agoNitrogen Insurance Center introduces Coverage Number for advisers
Nitrogen has launched Insurance Center, using a Coverage Number to compare existing life and long-term-care cover with calculated...
By Rafael Ortiz 1 week ago