"The proposed industry standards by a Bank for International Settlements committee seek to promote greater interoperability in payments between entities in different countries...the associations said the proposal presents challenges for U.S. depository institutions...
"Turkey’s central bank digital currency (CBDC) will support programmable payments and be offered through financial intermediaries. It will only support one account per user, which will be accessible through all financial institutions, the central bank has revealed."
Nacha’s Payments Innovation Alliance Releases Infographic Warning Against Becoming an Unwitting Money Mule
"Nacha's Payments Innovation Alliance has released a new tool financial institutions can use to educate their customers about money mules."
"A group of Senate Republicans introduced legislation this week that seeks to halt any efforts by the federal government to create a central bank digital currency (CBDC)."
"With direct integrations to Mastercard, Visa, American Express, and Discover, Finix offers Canadian businesses payments solution in one unified offering."
Socure and Trustly Partner to Offer Industry-First Streamlined Onboarding and Open Banking Payments Process for Merchants and Fintechs
"Socure and Trustly announced an industry-first partnership to offer merchants and fintechs a streamlined onboarding and guaranteed Pay by Bank solution."
"It’s perhaps the most recognizable feature of the ACH Network: Direct Deposit. It’s the way 93% of American workers are paid and nearly all Social Security recipients get their benefits. A new campaign unveiled by Nacha aims to educate and inform people on the many...
"Australia is phasing out cheques by 2030, but banks are moving well ahead of the federal government's timeline."
"Checkbook announced a multi-year collaboration with Visa aimed at expediting disbursements to businesses, institutions, and individuals across millions of endpoints around the country."