Morningstar
"American Express and Emburse are partnering to offer end-to-end virtual card issuance, card reconciliation, and expense management in Emburse Spend, an all-in-one expense management solution, to American Express customers."
Bitcoin News
"The Central Bank of Brazil outlined its crypto regulation calendar, defining a three-phase process for finalizing these tasks in 2024. The bank aims to consult market actors regarding VASPs, establish plans to regulate stablecoins and finalize the rules to welcome VASPs into the country later this year."
Stripe
"Stripe launched new payments tools and financing options in the UK that will improve access to capital and accelerate the growth of hundreds of thousands of UK businesses. The new product features include business financing through Stripe Capital, lower-cost Open Banking-powered payments, and faster payouts."
Payment Systems Regulator
"Cards are the most popular way for consumers to pay for goods and services in the UK, so it is crucial that the market works well. Every time people use a Mastercard or Visa debit or credit card for transactions with UK businesses, UK businesses pay scheme and processing fees, some of which are mandatory or core and some of which are optional."
PR Newswire
"Alchemy Pay is set to launch its latest venture, the Web3 Digital Bank. This new initiative will offer global Web3 businesses a compliant, easy, and reliable means to open and operate multi-fiat accounts, streamline cash flows within a single account, and facilitate seamless conversions between fiat and cryptocurrency."
Business Wire
"Swift has set out plans to help financial institutions streamline the cross-border payments experience for their corporate customers, by extending ISO 20022 across the entire payment chain and giving banks ready-to-use, white-labelled tracking services that can be activated for customers at the click of a button."
CNBC
"Biometric payment options are becoming more common in the U.S., such as Apple Face ID enabling app purchases, and Amazon’s introduction of pay-by-palm technology in stores, and financial firms from JPMorgan to Mastercard embracing the technology."
Biometric Update
"Bravo to Italy for the forthcoming launch of its digital wallet scheme, clearing the path for a national digital identity program. Reports say the so-called It Wallet will roll out in January 2025, aligned with the framework of the European digital identity wallet (EUDI) and activated through Italy’s electronic identity card (CIE) or SPID digital identity system."
Blockonomi
"U.S. authorities arrested two Chinese nationals in a $73 million cryptocurrency money laundering scheme, highlighting the growing threat of pig butchering scams"
Ledger Insights
"Last week the International Monetary Fund published a note exploring design and policy considerations for the use of retail central bank digital currencies (retail CBDC) for cross border payments. To date there have been numerous cross broder CBDC trials, but most have explored using wholesale CBDC, with the exception of Project Icebreaker."
Digital Transactions
"A bill containing a provision that would raise the asset threshold for debit card issuers covered by the Durbin Amendment narrowly passed in a vote late Thursday by the House Financial Services Committee. The committee voted 24-22 in favor of advancing the bill, called the Bank Resilience and Regulatory Improvement Act."
Q2
"Q2 Holdings, Inc. , announced the launch of Q2 Engage, a suite of consumer banking solutions designed to help financial institutions acquire and build life-long relationships with account holders."
PhonePe
"PhonePe announced that it has enabled UPI payment acceptance in collaboration with LankaPay across LankaQR merchant points at a grand event held in Colombo."
Mastercard
Mastercard and Salesforce announced a new integration to enhance trust across the ecosystem, helping customers speed up the resolution of transaction disputes, and reduce costs associated with resolving them.
Temenos
"Temenos announced that Commerce Bank, a top US bank, has gone live with FedNow on Temenos Payments Hub delivered as Temenos SaaS, enabling real-time payments on a secure, scalable and continuously updated platform."
Consumer Financial Protection Bureau
"The Consumer Financial Protection Bureau issued a statement regarding the Supreme Court’s decision in CFPB v. Community Financial Services Association of America."
IBS Intelligence
"Data security company Evervault has launched into the payments space with an independent payments security platform. The modular platform gives FinTechs, banks, and merchants total control over their payment stack without compromising compliance or security."
Worldline
Worldline announced a strategic partnership with Visa to launch a new virtual card issuing solution. The project will focus on the Online Travel Agency market due to a high demand for this solution and Worldline’s strong heritage and portfolio in travel.
Hong Kong Monetary Authority
"The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBoC) have made further progress in the e-CNY pilot for cross-boundary payments, to expand the scope of e-CNY pilot in Hong Kong to facilitate the set up and the use of e-CNY wallets by Hong Kong residents, as well as the top-up of e-CNY wallets through the Faster Payment System (FPS)."
PR Newswire
"Dwolla announced its strategic collaboration with Visa, a world leader in digital payments, to bring advanced account verification capabilities to Dwolla's A2A solution."
CNBC
"The Supreme Court ruled Thursday that the funding structure of the Consumer Financial Protection Bureau is legal. The court in a 7-2 decision rejected an argument that the CFPB’s funding method violated the U.S. Constitution’s Appropriations Clause because Congress had not annually authorized money for the agency."
Visa
"At the annual Visa Payments Forum, Visa unveiled new products and services that address the needs of businesses, merchants and consumers and the financial institutions that serve them: Visa Flexible Credential, Tap to Everything, Visa Payment Passkey Service, Pay by Bank, Visa Protect for A2A Payments, and Data Tokens."
BIS
"The Basel Committee on Banking Supervision has published a report which considers the implications of the ongoing digitalisation of finance on banks and supervision."
dLocal
"dLocal announced the expansion of its partnership with Deel, a leading global HR and payroll platform with a partnership expansion that includes Indonesia, Malaysia, Thailand, and Vietnam in Asia, as well as Ghana, Jordan, Kenya, Morocco, Saudi Arabia, South Africa, Turkey, and United Arab Emirates in the EMEA region."
Chime
"Chime® announced MyPay™ that lets eligible members access up to $500 of their pay, including government benefits, before payday with no interest, no credit check, and no mandatory fees."
Federal Reserve
"According to new Federal Reserve Financial Services surveys, U.S. businesses and consumers are rapidly adopting digital, faster and instant payments. Overall, 86% of businesses and 74% of consumers said they used faster or instant payments in 2023."
US Chamber
"On May 10, the U.S. Chamber scored a major win for the business community against federal agencies’ micromanagement of business decisions. The Northern District of Texas granted the Chamber's motion for a preliminary injunction and stayed the Consumer Financial Protection Bureau's (CFPB) credit card late fees rule."
PR Newswire
"TransNetwork, a B2B payments infrastructure platform for instant money movement in the Americas, announced the acquisition of Inswitch, a provider of embedded finance technology."
Business Wire
"Modern Treasury introduced new innovations to its Reconciliation product and AI tools to help companies automate complex reconciliation challenges."
PR Newswire
"Socure released a new report titled, "The State of Digital Identity in 2024", in partnership with The Center for Digital Government."