Reuters
"U.S. banks could see a modest hit to their earnings due to the $30 billion settlement to limit credit and debit card fees for merchants by payments networks Visa and Mastercard Wall Street analysts said."
IBS Intelligence
"Payop, an international payment processor and aggregator, has partnered with Tink to add Pay by Bank to its checkout options...Pay by Bank is available for Payop merchants in France, Germany, the Netherlands, Spain, and the UK."
IBS Intelligence
"Adyen has announced its partnership with Cleeng in order to accelerate the development of subscription payments and retention in the MENA region providing customers and broadcasters in the Middle East and North Africa with optimised solutions and payment methods."
Reuters
"A federal judge in San Francisco has dismissed a consumer lawsuit accusing Apple of driving up fees at platforms such as Venmo and Cash App by prohibiting payment apps from implementing cryptocurrency transactions."
Business Wire
"Modern Treasury announced the launch of its Professional Services offering to help enterprises scale modern payment infrastructure so they can innovate faster, reduce risk, and unlock new revenue."
Android Authority
"As discovered by 9to5Google, the latest version of the Google Wallet app appears to have added a “Verification settings” option. Found within Wallet settings, the new option allows users to choose if they’ll be required to verify their identity when using a payment method or passes with Wallet."
IT Brief Australia
"Mastercard has chosen Australia as the next market for upgrading its tokenised online checkout experience, aiming to combat up to 90% of the country's payment card fraud. The move is in response to the growing threat of card-not-present fraud, which cost Australians AU$608.1 million in 2023, according to data from AusPayNet."
Consumer Financial Protection Bureau
"The Consumer Financial Protection Bureau (CFPB) issued a new circular warning remittance transfer providers that false advertising about the cost or speed of sending a remittance transfer can violate federal law. Companies in the marketplace are charging junk fees on international money transfers and making false claims about the speed of transfers."
Adyen
"Adyen has partnered with Trek Bicycle to provide independent bike retailers with enterprise grade payments via Trek’s retail SaaS platform, Ascend RMS, which is built to address the unique needs of bike shops and outdoor retailers."
Visa
"Visa announced continued expansion of its global value-added services business with the addition of three new AI-powered risk and fraud prevention solutions. The new products, part of the end-to-end Visa Protect suite, are designed to reduce fraud across immediate account-to-account and card not present (CNP) payments, as well as transactions both on and off Visa’s network."
Wall Street Journal
"Visa and Mastercard and the largest U.S. credit-card issuing banks have agreed to a settlement with merchants that have been suing them for nearly two decades over the fees they charge for swiping credit cards. [Subscription Required]"
Worldline
"Worldline connects its customers to the SIC5 (Swiss Interbank Clearing) payment system developed by SIX (SIX Interbank Clearing Ltd) and the Swiss National Bank for clearing and settlement of instant payments in Swiss Franc."
Mastercard
"Mastercard has reached an agreement to reduce its U.S. credit card interchange rates for at least a five-year period as part of a legal settlement with merchants."
Visa
"Visa announced it has agreed to a landmark settlement with U.S. merchants, more than 90 percent of which are small businesses, lowering credit interchange rates and capping those rates into 2030. The settlement also provides updates to several key network rules giving merchants more choice in how they accept digital payments."
Mastercard
"Mastercard and Worldpay are enhancing the transaction experience by helping merchants to resolve transaction disputes faster and with fewer chargebacks. Through the partnership, Worldpay will offer Mastercard’s Ethoca Alerts to its 1 million merchants worldwide."
CIO
"Payment disruptions at supermarkets and fast-food outlets in the UK over the past week will force CIOs to consider whether improved reliability is something they can’t afford not to pay for."
Worldline
"After receiving authorization from the European Commission, Crédit Agricole and Worldline announce the creation of their joint-venture for digital payment services for merchants in France. The joint-venture aims to become a major player in payment services in France."
Yahoo Finance
"Westpac has announced a new security feature, known as Westpac SaferPay, which will flag payments with a high scam risk and present customers with a series of questions."
PR Newswire
"Asia Pacific's digital economy experienced an uplift of more than USD2 billion in 2023 as a result of Visa Token Service (VTS) adoption, Visa announced."
PR Newswire
"Skipify, a leading financial technology company redefining the checkout experience announced its partnership with Synchrony."
PR Newswire
"Bolt and Checkout.com announced a partnership set to expedite their shared mission to advance ecommerce. Through this collaboration, Bolt will become Checkout.com's exclusive one-click checkout provider and Checkout.com will become Bolt's preferred payment partner."
Business Wire
"DataVisor announced the launch of its latest offering: a modern end-to-end anti-money laundering (AML) solution boasting cutting-edge technology and comprehensive functionalities powered by sophisticated machine learning and AI."
Business Wire
"TreviPay announced a new self-financing option along with enhanced payment application features to give sellers more control over their trade credit portfolio while leveraging TreviPay’s configurable technology platform."
Reuters
"Global bank messaging network SWIFT is planning a new platform in the next one to two years to connect the wave of central bank digital currencies now in development to the existing finance system, it has told Reuters."
Cointelegraph
"The Central Bank of the United Arab Emirates is preparing to implement the first phase of a central bank digital currency (CBDC) strategy. The first phase envisions the limited launch of Project mBridge. Second will be a proof-of -concept for a bilateral CBDC bridge with India. Third will be a proof-of-concept of a domestic CBDC for both wholesale and retail use."
Silicon UK
"The UK’s Payments Service Regulator (PSR) has said it is investigating a string of IT failures that affected McDonald’s, Sainsbury’s, Tesco and Greggs over a period of five days."
Business Wire
"Swift announced the findings of the second phase of industry-wide sandbox testing on its central bank digital currency (CBDC) interlinking solution, with the results showing that its connector can enable financial institutions to carry out a wide range of financial transactions using CBDCs and other forms of digital tokens, easily incorporating them into their business practices."
Reuters
"American Express has been hit with a proposed class action lawsuit in Rhode Island federal court accusing it of overcharging thousands of U.S. merchants for credit and debit card fees on consumer transactions."
TechCrunch
"In its wide-ranging antitrust complaint against Apple and its iPhone business, the U.S. Justice Department takes specific aim against Apple’s massive financial business, specifically how it uses Apple Pay to block competition and make billions of dollars a year in the process."
Yahoo Finance
"The majority of Aussies are worried about the country moving towards a cashless society, as experts say we will become “functionally cashless” by the end of the decade."