"KeyBank announced the launch of KeyVAM, a virtual account management solution for treasury management clients powered by Qolo, providing clients with the ability to manage multiple clients or cost centers with custom virtual account structures, automated reporting...
Visa Announces Generative AI-Powered Fraud Solution to Combat Account Attacks
"Visa announced updates to its Visa Account Attack Intelligence (VAAI) offering with the addition of the VAAI Score, a new tool that uses generative AI components to identify and score enumeration attacks."
Payments Post #13: At the Intersection of Tech, Regs, and Business Partnership
"This month, Cici Northup joins regular contributor Justin Pituch to recap positive news in the form of fast payments growth, new fraud mitigation strategies, and evolution in cross-border transfers. All reflect, to varying degrees, the unique dynamic in the payments...
Payments Post #13: At the Intersection of Tech, Regs, and Business Partnership
This month, Cici Northup joins regular contributor Justin Pituch to recap positive news in the form of fast payments growth, new fraud mitigation strategies, and evolution in cross-border transfers. All reflect, to varying degrees, the unique dynamic in the payments industry created by the intersection of technology, regulation, and new business partnerships.
CFPB Takes Action Against Chime Financial for Illegally Delaying Consumer Refunds
"The Consumer Financial Protection Bureau (CFPB) took action against Chime Financial for failing to give consumers timely refunds when their accounts were closed."
Brazilian Payment Company Ebanx Set to Start India Operations With Yes Bank
"Ebanx helps nearly 300 brands process payments in multiple countries across Latin America and Africa. It now wants to enter India, which will be its first market in Asia."
Pan-European Proof of Concept Showcases Value of Request to Pay
"EBA CLEARING announced that, together with eight multinational payment service providers (PSPs), the Company has completed a pan-European proof of concept leveraging its R2P Service."
NPCI Bharat BillPay Onboards Disney+ Hotstar as a New Biller Under Subscription Category
"NPCI Bharat BillPay Ltd., a subsidiary of National Payments Corporation of India, has onboarded Disney+ Hotstar as a biller on its Bharat Bill Payment System platform under the ‘subscription’ category."
Stronghold Enhances Payment Network with Strategic Acquisition of 20022 Labs
"Stronghold announced its acquisition of 20022 Labs, a pioneer in advancing the ISO 20022 financial messaging standard."
Ant Digital Technologies Joins HKMA’s Project Ensemble, Included in Sandbox and Architecture Community
"Ant Digital Technologies announced its participation in the Project Ensemble Sandbox (the Sandbox) and the Project Ensemble Architecture Community (the Community) of the Hong Kong Monetary Authority (HKMA) which is the HKMA’s new wholesale central bank digital...