"American Express announced that it has entered into an agreement to acquire Center, a software company modernizing expense management. Center’s software, together with American Express’ corporate and small business cards, will aim to create a seamless expense...
Sen. Blumenthal Asks Visa for Records of Its Payments Deal With Elon Musk’s X
"Sen. Richard Blumenthal this week pressed Visa for detailed plans and documents related to its deal to provide payments services to Elon Musk’s social media site X. Blumenthal pointed to Musk’s role in hobbling the CFPB as among the reasons for the request, according...
Senate Moves to Stop Watchdog Agency From Overseeing Digital Payment Apps
"The US Senate on Wednesday voted to nullify a Biden-era rule that allowed the Consumer Financial Protection Bureau (CFPB) to monitor digital payment platforms. As The Verge reports, the resolution is pending House approval, but the Republicans who introduced it say...
Pix Has New Security Mechanisms and Changes the Rule for Using Random Keys
"The Central Bank published (6) changes to the Pix Regulation to require participating financial institutions and payment institutions to ensure that the names of individuals and companies linked to Pix keys are in accordance with the names registered in the CPF and...
HSBC Hooks up With Trevipay to Expand B2B Payments
"HSBC has announced a partnership with global B2B payments and invoicing network TreviPay to enhance digital purchasing options for businesses. The collaboration aims to provide flexible payment solutions and financing at the point of sale. The initiative is intended...
RBI Strengthens Payment Systems Oversight With Revised Penalties
"The Reserve Bank of India (RBI) has introduced a comprehensive framework for imposing monetary penalties and compounding offences under the Payment and Settlement Systems Act, 2007, aiming to bolster regulatory compliance within the digital payments landscape."
Visa and Mastercard Face Regulatory ‘Remedies’ Over Lack of Competition [UK]
"The UK payments regulator has warned Visa and Mastercard it will introduce “remedies” to tackle a lack of competition and transparency in the card payments market that it said was costing British businesses millions of pounds a year. Visa and Mastercard, which...
Safaricom M-Pesa to Assist Healthcare Payments Digitisation in Ethiopia
"The mobile payment group Safaricom M-Pesa, along with another, unnamed financial service provider, has signed a service level agreement (SLA) with the Ministry of Health of Ethiopia to transform healthcare payments through a secure, efficient and scalable digital...
What’s Next for Real-Time Payments: Navigating the Next Wave
In the latest episode of “What’s Next In,” Mastercard’s podcast that informally explores technology, innovation and ideas, host Vicki Hyman chats with Peter Reynolds, Mastercard's executive vice president for real-time payments, about the growth of real-time...
Banks Discuss Swift Move to New System [India]
"Indian banks are collaborating with the international messaging system SWIFT to migrate to the ISO 20022 instant settlement system by November 25. Only four Indian banks have made partial transitions, prompting discussions for smoother transitions and potential...