A leading payments industry news source for more than 17 years. Glenbrook curates the news and keeps you abreast of the important daily headlines in payments.
Search Payments News
May 2, 2024
Top Post
Apple, Google and Venmo Fight New U.S. Plan to Monitor Payment Apps
Washington Post
"The U.S. government is weighing whether to treat Apple, Google and PayPal-owned Venmo more like banks — and regularly inspect some of their operations — in a move meant to protect millions of Americans who now use their smartphones to pay at the register and send money to family and friends."
On the web
India Introducing More Stringent KYC Rules for Financial Industry
Biometric Update
"India’s financial sector is beefing up its Know Your Customer (KYC) protocols under pressure from regulators. Financial institutions aim to add more verification layers for identifying accounts and account holders."
Chase Adds a Pay-Per-Use Real-Time Payments Option for SMBs
Digital Transactions
"Chase introduced a suite of digital products it says will help small businesses improve their cash flow and payment processing. Among the services are the ability to choose a payment speed, such as standard automated clearing house, same-day ACH, or real-time payments, for sending a payment; the ability to accept contactless payments via an iPhone; and the ability to create and send invoices electronically."
NPCI International Partners with Bank of Namibia for Deploying India’s UPI Stack in Namibia
NPCI
"NPCI International Payments Limited, the international arm of the National Payments Corporation of India (NPCI), has signed an agreement with the Bank of Namibia to support them in developing an instant payment system like UnifiedPayment Interface for Namibia."
Tide Set to Launch Business Accounts in Germany With Adyen
Adyen
"Adyen has partnered with Tide, the UK’s leading business financial platform, to offer small and medium-sized businesses Tide business accounts, first in Germany before potentially expanding further into Europe."
Airwallex to Provide Faster International Payments for BILL
Airwallex
"Airwallex announced a partnership with BILL to provide Airwallex’s local transfer capabilities as part of BILL’s payments offerings."
Checkout.com and Mastercard Partner to Bring Virtual Cards to Online Travel Agents
Checkout
"Checkout.com announced a partnership with Mastercard to bring virtual cards to Online Travel Agents."
Transfergo and Tink Partner for International Money Transfers
Tink
"TransferGo has partnered with Tink to add Pay by Bank to its payments offering."
On the wires
Orum Launches No Code Verify Solution, Expands Access to Instant Bank Account Verification
Business Wire
"Orum announced the launch of No Code Verify, which helps businesses and institutions determine whether a bank account is open and valid before initiating payments — all without integrating an API."
BofA Survey: Majority of Small and Mid-Sized Business Owners Anticipate Revenue Growth This Year
PR Newswire
"A majority of small and mid-sized business owners expect their revenues to increase this year, and their worries over a recession have declined substantially, according to the 2024 Bank of America Business Owner Report, conducted in partnership with Bank of America Institute."
May 1, 2024
On the web
Phos and Silverflow Partner on SoftPos Payments Acceptance
IBS Intelligence
"Phos has partnered with Silverflow to help businesses leverage a solution for accepting contactless payments directly to mobile devices."
Sezzle BNPL Encourages Financial Responsibility by Gamifying On-Time Payments
Yahoo Finance
"Sezzle announced the launch of Payment Streaks, a new feature designed to reward consumers for consistent and timely payments."
SMBs Are Increasingly Opting for Real-Time Payments, Leaving Credit Cards Behind as Their Preferred Choice
Tearsheet
"The RTP payments network reached a milestone by processing over 1 million payments in a single day on September 1, 2023. EWA and gig worker payments emerged as the network’s primary drivers, surpassing account-to-account (A2A) transfers."
Coupa and Bottomline Partner to Optimize and Streamline Payments
Coupa
"Coupa and Bottomline announced a strategic partnership to simplify digital payment processes for businesses. Coupa can now connect to Paymode-X, Bottomline’s business payments network that offers Premium ACH, to automate payments from buyers to suppliers."
On the wires
Marqeta Announces Global Expansion of Uber Eats Partnership into Eight Markets
Business Wire
"Marqeta announced the expansion of its US partnership with Uber Eats into eight additional markets: Canada, Australia, Mexico, Brazil, Colombia, Peru, Chile and Costa Rica."
Finastra Selects Openfin to Unlock Advanced User Experiences, Enhanced Productivity and Tailored Workflows for Kondor Customers
PR Newswire
"Finastra and OpenFin announced a partnership to redefine the user experience of Finastra Kondor, a leading bank treasury management system."
Quicklly and Visa Join Forces to Deliver Next-Gen Cross-Border Payment Solutions
Newswire
"In response to the growing demand, Quicklly, the #1 South Asian Marketplace, and Visa have joined forces to launch a cross-border remittance solution to India with real-time capabilities."
April 30, 2024
On the web
HSBC, PayPal Join Quantum-Safe Cryptography for Payments Group
IOT World Today
HSBC, PayPal, IBM and Australian Payments Plus have become founder members of a new working group that aims to protect payments from the threat quantum computers pose to current encryption methods.
Visa Installment Solution Now Live for ADIB Cardholders
IBS Intelligence
"Abu Dhabi Islamic Bank (ADIB) and Visa have announced Visa Installments Solution is officially live for ADIB covered cardholders in the UAE."
Cashing in On Credit: How Amazon Pay is Gearing Up for Growth in India
Your Story
"Despite Amazon Pay UPI’s considerable progress, the UPI landscape remains dominated by Google Pay and Walmart-backed PhonePe. Amazon Pay is now doubling down on what helped it initially grow in India—credit."
On the wires
Digits AI Bill Pay -- The World's First AI Bill Pay, Built Specifically For Startups
PR Newswire
"Digits announced a breakthrough in the application of its AI with the launch of AI Bill Pay: the world's first bill pay product to fully understand invoice document structure – leveraging custom trained, state-of-the-art, layout-aware language models."
Global Real-Time Payments Growth “Sustainable” As New Use Cases Push Transactions to Record Highs – ACI Worldwide Report
Business Wire
"Global real-time payments growth has reached sustainable levels with 266.2 billion real-time payments transactions recorded in 2023—a year-over-year (YoY) growth of 42.2%—according to the 2024 Prime Time for Real-Time report, published by ACI Worldwide , in partnership with GlobalData."
April 29, 2024
On the web
Nacha Rule Changes to Fight Authorized Payment Scams
Atlanta Fed
"As my colleagues and I have blogged previously, a payment that a legitimate account holder authorizes does not fit into the traditional framework for fraud remediation, which involves the Reg E requirement to refund customer money in the event of unauthorized payments fraud."
Retailers Ask Judge to Reject ‘Drop in the Bucket’ Settlement Over Visa and Mastercard ‘Swipe’ Fees
NRF
"The National Retail Federation today asked a federal judge to reject the proposed settlement of a class-action antitrust lawsuit over “swipe” fees charged to merchants to process Visa and Mastercard credit card transactions."
Decathlon Hong Kong Chooses Adyen’s Unified Commerce Solution
Adyen
"Adyen announced its partnership with Decathlon Hong Kong, one of the world’s largest sports goods companies."
The Central Bank of Mauritania Commissions G+D to Design a Digital Currency
G+D
"SecurityTech company Giesecke+Devrient (G+D) and Banque Centrale de Mauritanie have signed an agreement during the Spring Meetings of the International Monetary Fund and the World Bank Group to jointly explore the development of a digital form of the national currency Ouguiya."
Paystand Acquires Teampay to Enhance B2B Payments
IBS Intelligence
"Paystand has acquired spend management software provider Teampay. Paystand brings its blockchain-based smart payments platform that helps finance departments speed up time-to-cash, reduce DSO, automate AR, and eliminate transaction fees."
Finastra’s Bacsactive-IP Solution Supports ScotPayments With Prevention of Payments Fraud and Error
Finastra
"Finastra announced the go-live of its Bacsactive-IP Confirmation of Payee (CoP) service with ScotPayments, a centralized payments platform that supports the digital transformation of public services in Scotland."
On the wires
InvoiceCloud Empowers Billers with Granular Deposit Control: New Online Bank Direct Enhancement Separates Payments by Invoice Type
Business Wire
"InvoiceCloud announced a significant enhancement to its Online Bank Direct (OBD) solution, enabling billers to automatically separate payments based on the paid invoice type, simplifying deposits for their customers."
Paysafe Strengthens US iGaming Solution With Pay by Bank Launch
Business Wire
"Paysafe launched Pay by Bank for iGaming, a new solution allowing U.S. online bettors to instantly and securely fund deposits at operators’ cashiers directly from their online bank account as well as cash-out winnings seamlessly."
Payments News
Give us your email address or link to our RSS feed and we’ll push the daily Payments News headlines to you.
Top Stories from Payments News
Glenbrook Payments Boot camp®
Register for the next Glenbrook Payments Boot Camp®
An intensive and comprehensive overview of the payments industry.
Train your Team
Customized, private Payments Boot Camps tailored to meet your team’s unique needs.
OnDemand Modules
Recorded, one-hour videos covering a broad array of payments concepts.
Glenbrook Press
Comprehensive books that detail the systems and innovations shaping the payments industry.