NAB Buys Banked to Speed Up Merchant Payments

National Australia Bank ( NAB ) acquired FinTech company Banked to help more businesses receive payments faster and at a lower cost. Banked’s global technology platform uses a digital checkout and account-to-account payments to provide customers and businesses with a better experience and eliminate the need to use a credit or debit card, NAB said in a Thursday (May 14) press release . Acquiring the platform strengthens NAB’s payments capability and supports its strategy to improve payments for b