"British fintech company Curve has launched contactless payments for iPhone users in the European Union, becoming the second third-party payment service after PayPal to take advantage of Apple's newly opened NFC interface. The Curve Pay app allows users to make...
BBVA and Caixabank Process Europe’s First Interbank RTP Transactions
"Spanish banking giants BBVA and CaixaBank have successfully conducted the first bank-to-bank Request to Pay (RTP) transactions in Europe. The transactions were part of a ring-fenced pilot programme conducted between April and May, and were completed via instant...
Big Banks Explore Venturing Into Crypto World Together With Joint Stablecoin
"The nation’s biggest banks are exploring whether to team up to issue a joint stablecoin, a step intended to fend off escalating competition from the cryptocurrency industry. The conversations have so far involved companies co-owned by JPMorgan Chase, Bank of America,...
From Onboarding to Settlement in Minutes: TransFi Launches BizPay to Redefine Global Business Payments
"TransFi launches BizPay, a unified global payment platform enabling instant, compliant cross-border transactions with AI-powered routing and 250+ local methods across 100+ countries. At the heart of BizPay is an engine built for precision. Using AI-powered dynamic...
Ethiopia Unveils Faydapass Digital Wallet to Boost Financial Inclusion
"Ethiopia has launched what it calls the FaydaPass wallet, the latest move in its digital public infrastructure (DPI) program aimed at speeding up financial inclusion as well as verification for access to a number of other government services. Tech5 and payments...
Citi Rolls Out PayTo Solution for Institutional Clients in Australia
"Citi has launched its PayTo initiator service, providing institutional clients with a fast, secure and cost-effective alternative to traditional credit card, debit card, or direct debit payments. With PayTo, Citi’s institutional clients can now initiate real-time...
BHMI Enhances the Concourse Financial Software Suite® to Support the Illinois Interchange Fee Prohibition Act (IFPA)
"BHMI announced that its Concourse Financial Software Suite has been updated to support compliance with the Illinois Interchange Fee Prohibition Act (IFPA). The IFPA, enacted in June 2024 and set to take effect on July 1, 2025, prohibits payment card networks,...
ECB Hopes to Have Political Deal on Digital Euro by Early 2026
"The European Central Bank hopes to have all the political decisions in place by early next year to issue a digital euro and would then need two to three years to launch the currency, ECB board member Piero Cipollone said on Thursday. The ECB has been working on a...
Stop Making Cents: US Mint Moves Forward With Plans to Kill the Penny
"The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin when those run out, a Treasury Department official confirmed Thursday. An immediate annual savings of $56 million in reduced material costs is expected by stopping penny...
More Than 50% of Fraud Driven by AI and Hyper-Realistic Impersonations, But Banks Also Use Generative AI to Fight Back
"Feedzai released its 2025 AI Trends in Fraud and Financial Crime Prevention report, uncovering how generative AI is used in financial fraud. More than 50% of fraud involves the use of artificial intelligence. Generative AI has emerged as a powerful tool for...