Tink has announced a significant upgrade to its payment stack with the launch of settlement accounts, a new feature that aggregates PIS settlements. Starting in the UK with a wider European roll-out to follow in the coming months, this launch enables real-time payment confirmation, instant refunds and payouts, integrated reporting, and more. This means that in
Revolut is using payment initiation services (PIS) technology from open banking player Tink to let users across Europe seamlessly move money into their accounts. Tink’s PIS technology enables users to connect to the bank account they want to move money from, and instantaneously authorize and complete the payment without leaving the Revolut app. “We are
Visa today announced that it has completed the acquisition of Tink, an open banking platform that enables financial institutions, fintechs and merchants to create products and financial services and to transfer money. Through a single API, Tink enables its customers to make money transfers, access aggregated financial data, and use smart financial services such as risk
