"Global payments processors Visa and Mastercard's default multilateral interchange fees which are charged to retailers infringe competition law, a London tribunal ruled on Friday in the latest round of the long-running legal saga. London's Competition Appeal Tribunal...
Truist’s Merchant Engage Combines Banking and Payments in One
"Truist Financial Corp. is courting merchants and their banking and payment needs with a new service called Merchant Engage. The free service is an integrated merchant-services platform, enabling small businesses up to large merchants to view all of their transaction...
Adyen Launches Capital for Canadian Platform Customers
"Adyen launched Capital in Canada, which enables platform businesses to offer fast and flexible loans to the small and medium-sized businesses (SMBs) they serve."
Nice Actimize 2025 Fraud Insights Report Shows Scams Still the Method of Choice in Attempted Fraud Transactions
"NiCE Actimize has released the "2025 NiCE Actimize Fraud Insights Report, U.S. Retail Payments Edition," which explores the latest findings on the evolution of fraud attacks across various transaction types, including check fraud, domestic and international wires,...
Appeals Court Voids FTC’s ‘Click to Cancel’ Rule Just Before It Starts
"The Federal Trade Commission’s (FTC) “click-to-cancel” rule was struck down by an appeals court on Tuesday, just days before it was set to take effect. The rule, announced in October 2024, would have required sellers to make it “as easy for consumers to cancel their...
Stablecoins Are Trending, but What Frictions and Risks Are Getting Overlooked?
"The world is enthusiastic about stablecoins. Circle * , the issuer of the $62 billion USDC stablecoin, completed its initial public offering earlier in June and just applied for a banking license. Stripe, by acquiring the Texas-based company Bridge, now enables its...
Combating Financial Crime in the Era of Instant Payments
"Instantaneously completed financial transactions are quickly becoming an expectation across all financial services industries. Customers want the convenience of a frictionless experience, with the tremendous popularity of newer instant payment systems...
Intelligent Routing via Payment Hubs
"A payment hub is a centralized technology platform that acts as a financial institution’s center for payment processing and connectivity. There are several potential benefits of payment hubs, including more efficient orchestration of different payment types across...
Banks in Slovakia to Introduce Real-Time Name Checks on Payments Under EU Rules
"From October, bank customers across Slovakia will be able to verify the recipient’s name before making a transfer, under a new European Union regulation designed to reduce payment errors and fraud. Mistakes when entering IBAN numbers can lead to money being sent to...
Mastercard Expands Small Business Navigator With Penny Rental Offer for Clover
"Mastercard has expanded its U.S. Small Business Navigator platform with a new offer from Fiserv’s Clover, one of the country’s largest point-of-sale and business management systems. As part of this broader collaboration, the first 1,000 small businesses to apply and...