"Business payments are concentrated in wires, ACH credit transactions, and (still) checks, according to 2021 data released by the Federal Reserve Payments Study (FRPS) last month. Of these payment types, wires grew most by both number and value from 2018."
Finscan Enhances Real-Time Payment Screening Solution
"Innovative Systems has enhanced its payment screening solution, FinScan Payments, to improve payments risk reviews and to accelerate payment workflows. The solution will integrate with payment ecosystems to support faster global payment operations. The firm says that...
Marqeta and Spendesk Financial Services Join Forces to Offer Modern and Efficient Expense Management for Over 4,000 SMBs Across Europe
"Marqeta announced that it has become the issuer processor for Spendesk Financial Services (SFS) in Europe, the payment institution powering and fully owned by Spendesk. Spendesk, Europe’s leading spend management and procurement solution, leverages this combined...
Ingo Payments Partners with Securely to Deliver Real-Time Merchant Settlements with Advanced Ledgering and Payment Capabilities
Ingo Payments announced its partnership with Securely, a cloud-based payment platform. This collaboration marks a milestone for both companies as Securely™ partners to bring Ingo’s full-service embedded banking platform to the market, combining proven payment...
Visa’s Updated VAMP Program: What Merchants Need to Know
"Visa is releasing an important update to its fraud and digital monitoring programs with the launch of the newest evolution of the Visa Acquirer Monitoring Program (VAMP). Starting April 1, 2025, this new framework will consolidate and replace the existing VFMP (Visa...
OCC Withdraws Policy on Bank Engagement With Cryptocurrency
The Office of the Comptroller of the Currency published an interpretive letter rescinding the agency’s policy on bank engagement with cryptocurrency “to reaffirm that a range of cryptocurrency activities are permissible in the federal banking system,” according to an...
FIS Launches Treasury GPT, a Pioneering AI-based Product Support Tool for the Treasury Industry
"FIS® announced the launch of FIS Treasury and Risk Manager - Treasury GPT, a proprietary generative AI-driven product support tool embedded within its FIS Treasury and Risk Manager – Integrity Edition. In collaboration with Microsoft, the tool uses Microsoft Azure...
American Express to Acquire Expense Management Software Company Center
"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...