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April 23, 2024
Top Post
Same Day ACH and B2B Propel ACH Network Growth in the First Quarter
Nacha
"A 47% increase in Same Day ACH volume helped lead the way as the ACH Network began 2024 by handling 8.2 billion payments in the first quarter."
On the web
Report Highlights Benefits and Challenges of Interlinking Fast Payment Systems for Cross-border Payments
Reserve Bank of Australia
"The Reserve Bank of Australia released a report analysing the benefits, design choices and challenges associated with linking fast payment systems across countries."
Banking in Video Games and Virtual Worlds
Consumer Financial Protection Bureau
"The Consumer Financial Protection Bureau (CFPB) is monitoring markets—regardless of the infrastructure used—where financial products and services may be offered, including video games and virtual worlds."
PPro Expands Its Local Payments Offering to the US
PPRO
"PPRO, the leading local payments platform, has announced its entry into the US market enabling global payment service providers (PSPs) and merchants to reach millions of US consumers via a single API."
Walmart-Backed Fintech One Introduces Buy Now, Pay Later as It Prepares Bigger Push Into Lending
NBC Connecticut
"Walmart's majority-owned fintech startup One has begun offering buy now, pay later loans for big-ticket items at some of the retailer's more than 4,600 U.S. stores, CNBC has learned. The move puts One in direct competition with Affirm, the BNPL leader and exclusive provider of installment loans for Walmart customers since 2019."
Payments Company Trustly Announces Major Move to Guarantee Growth for Businesses Across Europe
Financial IT
"Trustly announced a bold pledge to boost growth for businesses across Europe. In a major move to revolutionise the checkout experience for millions of people, the payments tech firm unveils the new Trustly Growth Guarantee."
Volt Rolls Rolls Out PayTo Payments Platform for Australian Retail Customers
Australian Cyber Security Magazine
"Real-time payments platform Volt has launched its secure PayTo-based, one-click solution for its retail customers in Australia. PayTo is an instant digital payment system from the New Payments Platform that enables businesses to initiate real-time payments from their customers’ bank accounts."
April 22, 2024
On the web
Klarna Expands Global Partnership With Expedia Group, Offering Flexible Payments to US Consumers
Klarna
"Klarna, the AI powered global payments network and shopping assistant announced the expansion of its partnership with Expedia Group to the US market."
Amazon Pay Redefines Convenience With Ayushmann Khurrana [Videos]
ETBrandEquity
"Amazon Pay's 'Pay Karne Ka Smarter Way' campaign takes a customer-centric approach by prioritizing education and empowerment."
Forage Becomes Snap EBT Payment Processor for Uber Eats
Forage
"Forage announced a partnership with Uber Eats to enable payment processing of SNAP EBT, when the delivery platform launches the product in late 2024."
Splitwise Teams up With Tink to Offer Direct Bank Payments
IBS Intelligence
"Splitwise, a popular app for sharing bills and expenses, has partnered with Tink to offer the Pay by Bank feature to its users in the UK."
April 19, 2024
Top Post
U.S. Faster Payments Council Releases Report on QR Codes’ Role in Last Mile Adoption of Faster Payments at the Point-of-Sale
Fintech Finance
"The U.S. Faster Payments Council, announced the release of its latest report, How QR Codes Address ‘the Last Mile’ Adoption of Faster Payments at the Point-of-Sale."
Automatic Pix: New Product Set to Allow for Recurring Instant Payments in Brazil
Mattos Filho
"...The BCB has indicated that this new Pix product will facilitate the recurring billing of products and services that companies of various sizes and sectors offer. The new rules take effect on October 1, 2024, and market players will be required to make the new feature available by October 28. Participants who fail to comply will be subject to a daily fine (ranging from BRL 25,000 to BRL 50,000), capped at 60 days."
On the web
Budget 2024: Canada’s Consumer-Driven Banking Framework
Canada
"Consumer-driven banking, also known as open banking or consumer-directed finance, refers to frameworks that allow consumers and small businesses to securely transfer their financial data through an application programming interface (API) to approved service providers of their choice."
Lummis, Gillibrand Stablecoin Bill Deep Dive- Precludes Bigtech
Ledger Insights
"U.S. Senators Cynthia Lummis (Republican) and Kirsten Gillibrand (Democrat) released a bipartisan Bill, the Lummis-Gillibrand Payment Stablecoin Act."
Uptake, Use, and Inclusion Gains from Fast Payment Systems: Early Comparative Data
CSIS
"The purpose of this brief is to promote data-driven, policy-relevant discussion on the role of different types of Faster Payment Systems and other payment systems in inclusive development."
April 18, 2024
Top Post
MUFG and Crédit Agricole Corporate & Investment Bank Complete First Payment in the ISO 20022 Format on CHIPS® Network
The Clearing House
"MUFG Bank, Ltd. and Crédit Agricole Corporate & Investment Bank successfully completed the first payment in the ISO 20022 message format on The Clearing House’s CHIPS® network, the largest private-sector high-value clearing and settlement system in the world."
On the web
Nubank and Mastercard Exclusive Study Reveals Path to Advancing Beyond Access Toward Financial Health
Mastercard
"Today, Nubank and Mastercard released findings from a study measuring the financial inclusion impact on individuals, including some who have historically been on the margins of the traditional banking system in Brazil."
iDEAL Refreshed: Profile Creation and Speedy Checkout
iDEAL
"Consumers can for the first time create an account with iDEAL. This account enables quicker and more secure completion of online purchases. It also offers benefits for online retailers in the form of improved conversions and increased customer satisfaction and is more secure because consumer data is stored in the stable iDEAL system and not separately with each online retailer.
Indosat Ooredoo Hutchison and Mastercard Announce Partnership for Cybersecurity Center of Excellence
Mastercard
"Indosat Ooredoo Hutchison and Mastercard signed a Memorandum of Understanding to collaborate towards safeguarding Indonesia's digital economy through the launch of the Indosat-Mastercard Cybersecurity Center of Excellence."
Socure Releases Multi-Layered AI Defense System That Defeats Deepfakes and Other Identity Fraud in Under Two Seconds
Socure
"Socure launched its next generation Document Verification (DocV) solution, purpose-built to tackle the rash of stolen identities, spoofing, and highly sophisticated deepfake attacks that are accelerating in their complexity across nearly every segment of the digital economy."
On the wires
Synchrony Expands Dental Payment Offerings with Adit Practice Management Software Partnership
PR Newswire
"Synchrony announced a new partnership with Adit, an industry leading dental practice management software provider."
Finmo Introduces Direct Real-Time Payment (RTP) Integration in Australia and Expands Global Team
PR Newswire
"Finmo Tech Pte. Ltd announced its direct integration with Australia's New Payment Platform (NPP) as an identified institution through its partner bank, Australian Settlements Limited (ASL)."
FICO Partner Awards Showcase Game-Changing Innovators Worldwide
Business Wire
"At FICO® World, FICO recognized seven of its partners that are transforming the way their industries operate using FICO analytics and decision management technology; AWS, Dock, Fiserv, Infosys, TCS, Teradata and TSYS apply FICO analytics and decision management technology to advance customer centricity, fight fraud and streamline operations."
Marqeta and Rain Announce Partnership to Deliver Robust Earned Wage Access Through Embedded Finance
Business Wire
"Marqeta announced its new partner Rain, a financial wellness benefits provider that helps companies give employees greater control over their finances."
Cognizant and FICO Partner to Help Banks Prevent Real-Time Payments Fraud
PR Newswire
"Cognizant announced a planned collaboration with FICO, to launch a cloud-based real-time payment fraud prevention solution powered by FICO® Falcon® Fraud Manager."
April 17, 2024
On the web
MIT, German Central Bank Will Research CBDC Privacy in New Project
Cointelegraph
"The Deutsche Bundesbank is the latest monetary authority to team up with the Massachusetts Institute of Technology (MIT) Digital Currency Initiative (DCI) to study central bank digital currency (CBDC)...the joint research will focus on designing security and privacy measures in a CBDC."
New and Improved Klarna Card Announced in the US, Empowering Smarter Spending and Greater Financial Control
Klarna
"Klarna, the AI powered global payments network and shopping assistant, announced it has opened its waitlist for the new Klarna Card to all US consumers."
TokenEx and IXOPAY to Merge, Enabling Merchants to Optimize the Use of Multiple Payment Processors
GlobeNewswire News Room
"TokenEx, the leading cloud tokenization provider, and IXOPAY, the leading independent payments orchestration platform, announced their definitive agreement to merge, creating a new leader in global payments optimization. The combined company will be called IXOPAY."
Codat and JPMorgan Partner to Promote Adoption of Virtual Card
IBS Intelligence
"Codat has launched its new Supplier Enablement data product enabling businesses to share their spending and supplier data from ERP systems and accounting software. Card issuers can access the right data to recruit suppliers to accept virtual card payments instead of checks."
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