"A common enemy can bring together unlikely allies, and right now the common enemy of banks, tech and telecoms firms is fraud. According to the UK Office for National Statistics, fraud accounts for around 41 per cent of all crimes in England and Wales, costing an...
The Story of Erica, Bank of America’s Homegrown Digital Assistant
"Sometimes a bank chooses to build a feature that sets the tone for the industry. Today's story is a case study into such a case, where Bank of America's Hari GopalKrishnan dives into how the bank developed its digital assistant and how its role has expanded over the...
Central Bank [Brazil] to Launch Pix Installments in September
"The Central Bank is already working on the development of Pix Parcelado and the expectation is to launch this new product in September 2025. The information was given by Renato Gomes, director of Financial System Organization and Resolution during the Pix Forum."
Mastercard Is Modernizing Commercial Payments With Embedded Virtual Card Technology
"Mastercard is simplifying and scaling interactions among banks, platforms, and corporates alike by launching a new program to accelerate the adoption of virtual cards. This transformation is powered by the latest advances in Mastercard’s embedded Virtual Card Number...
German Consumers Increasingly Prefer Card Payments Thanks to Their Convenience, Greater Security, and Higher Efficiency
"Germany is traditionally considered a cash – oriented country. Therefore, it is not surprising that 63% of all surveyed merchants – 10 percentage points more than the European average – name cash as the most preferred payment method. Cash payments also remain popular...
Nacha Seeks Comments on Proposals to Update International ACH Transaction [IAT] Rules
"Did you know there’s such a thing as International ACH Transaction, or IAT? There is. In fact, there were nearly 121 million IATs in 2024, both debits and credits, which is impressive, but Nacha believes much greater use can be made of this payment tool. That’s one...
UnionPay Expands Payment Network in Australia with MyDeal Integration, Enhancing Payment Convenience for Australian Shoppers
"UnionPay International continues to expand its footprint in Australia with the integration of UnionPay acceptance on MyDeal, one of the country's leading online retail marketplaces. This partnership enhances shopping convenience and streamlines the payment experience...
The Clearing House’s ACH Network Continues Multiyear Growth Trend
"Transaction volume on the EPN® system, the ACH network operated by The Clearing House Payments Company L.L.C., grew 6.2% in 2024, continuing the trend of yearly ACH volume and value growth. In 2024, the EPN system processed 20.7 billion transactions worth $56.4...
Transcard Transforms B2B Payments with Agentic AI Power
"Transcard has enhanced its SMART Exchange vendor network management solution with powerful generative and agentic AI capabilities. Solution benefits for buyers replace call centers for vendor onboarding and enablement, streamlines and automates the supplier KYB...
The Zelle App Is Shutting Down – Here’s How to Send Money Now
"The Zelle app is shutting down for good on April 1, 2025, marking the end of an era in the payment app world. According to Zelle and its parent company Early Warning Services, the company doesn't need to maintain a separate app because its service is now available...