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
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."
Visa Reimagines Payment Acceptance for the ‘Click-and-Mortar' Era
Visa
"Visa is offering sellers expansive, simplified services to keep pace with demands. Visa’s latest enhancements support merchants of all sizes with new and improved commerce experiences including: Improved access to and ease of integration with partners; A reimagined small and medium-sized (SMB) business platform; Growing mobile acceptance, without additional hardware."
Emagia Launches GiaPay AI-powered B2B Customer Payments Platform For Global Enterprises
Emagia™
"Emagia announced GiaPay, an AI-powered B2B payments orchestration solution designed for the modern B2B payments needs of global enterprises."
India Scrambles to Curb PhonePe and Google’s Dominance in Mobile Payments
TechCrunch
"The National Payments Corporation of India (NPCI) is going to meet fintech startups this month to develop a strategy to address the dominance of PhonePe and Google Pay in the UPI ecosystem, sources told TechCrunch...These meetings are to address the dominance of Google Pay and PhonePe, accounting for nearly 86% of UPI transactions by volume (that’s up from 82.5% at the end of December)."
URBN Partners With Stripe to Power Online and In-Person Retail Payments
Stripe
"Stripe announced a partnership with URBN to power online and in-person retail payments for Urban Outfitters, Anthropologie Group, Free People, and FP Movement."
Mastercard and Onafriq Partner to Increase Accessibility to Financial Services Across Africa’s Payment Ecosystem
Onafriq
"Mastercard and Onafriq (previously MFS Africa), a pan-African payments company, have partnered to bring secure, cost-effective, and innovative payment options to consumers as well as small and medium enterprises (SME) across the continent."
Interac Acquires the Exclusive Canadian Rights to Use Toronto-Based Vouchr Platform
Interac
"Interac Corp. announced it has entered into a strategic transaction to acquire the exclusive Canadian rights to use Toronto-based Vouchr Ltd. engagement platform which enables users to send and receive personalized multi-media notifications along with their money transfers."
On the wires
Survey: 80% of Organizations Experienced Payments Fraud in 2023, Significant Uptick from Previous Year
PR Newswire
"Eighty percent of respondents report that their organizations were victims of attempted or actual payments fraud activity in 2023, according to the 2024 AFP Payments Fraud and Control Survey, underwritten by Truist."
April 16, 2024
On the web
Canada’s Real-Time Rail Program Resumes With Renewed Momentum
Payments Canada
"Payments Canada announced a path forward for the Real-Time Rail (RTR), Canada's fastest payment system...The path forward for the RTR includes new partners IBM Canada and CGI, along with Interac, to support the delivery and operation of the RTR."
Mastercard and Fintech Vopay Enter Strategic Partnership to Empower Canadians to Move Money Quickly and Securely With Mastercard Move
Mastercard
"Mastercard and VoPay announced a strategic partnership that will offer choice, simplicity and efficiency for near-real-time money movement in Canada and internationally for businesses and consumers."
On the wires
TNS Launches Complete Commerce - an End-to-End Payments Solutions Stack
Business Wire
"Transaction Network Services (TNS) has launched Complete Commerce – a full-stack, modern and secure payment and network capability. The solution leverages TNS’ Accept, Connect and Orchestrate payment portfolios to deliver a unique, single partner enterprise capability for running mission critical payments infrastructure."
Worldline Announces Partnership With Risk Expert Riskquest BV to Provide Best-In-Class Credit Checking
Business Wire
"Worldline has signed a partnership agreement with the leading risk consultancy firm in the Netherlands RiskQuest BV, part of the Zanders Group, to provide best-in-class credit check processes specific to the Dutch market."
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.