"Project Mandala explores the feasibility of encoding jurisdiction-specific policy and regulatory requirements into a common protocol for cross-border transactions such as borrowing, foreign direct investment, or payments."
NetXD Supports the FedNow® Service, Advancing US Payment System
"NetXD is now supporting live transactions on the Federal Reserve’s instant payments rail, the FedNow Service. NetXD is certified to enable Send and Receive credit transfers as well as Receive RFP for financial institutions."
Afterpay Announces Huge Change to How Customers Make Payments [Australia]
Afterpay has announced a huge change to the way customers can pay for their purchases...Aussies will be allowed to choose the day of the week that they hand over their money from June 18.
India Introducing More Stringent KYC Rules for Financial Industry
"India’s financial sector is beefing up its Know Your Customer (KYC) protocols under pressure from regulators. Financial institutions aim to add more verification layers for identifying accounts and account holders."
Chase Adds a Pay-Per-Use Real-Time Payments Option for SMBs
"Chase introduced a suite of digital products it says will help small businesses improve their cash flow and payment processing. Among the services are the ability to choose a payment speed, such as standard automated clearing house, same-day ACH, or real-time...
Orum Launches No Code Verify Solution, Expands Access to Instant Bank Account Verification
"Orum announced the launch of No Code Verify, which helps businesses and institutions determine whether a bank account is open and valid before initiating payments — all without integrating an API."
Apple, Google and Venmo Fight New U.S. Plan to Monitor Payment Apps
"The U.S. government is weighing whether to treat Apple, Google and PayPal-owned Venmo more like banks — and regularly inspect some of their operations — in a move meant to protect millions of Americans who now use their smartphones to pay at the register and send...
NPCI International Partners with Bank of Namibia for Deploying India’s UPI Stack in Namibia
"NPCI International Payments Limited, the international arm of the National Payments Corporation of India (NPCI), has signed an agreement with the Bank of Namibia to support them in developing an instant payment system like UnifiedPayment Interface for Namibia."
Airwallex to Provide Faster International Payments for BILL
"Airwallex announced a partnership with BILL to provide Airwallex’s local transfer capabilities as part of BILL’s payments offerings."
Tide Set to Launch Business Accounts in Germany With Adyen
"Adyen has partnered with Tide, the UK’s leading business financial platform, to offer small and medium-sized businesses Tide business accounts, first in Germany before potentially expanding further into Europe."