"Competition and product innovation are hindered by Canada’s outdated financial infrastructure, which lags the real-time payment settlement and consumer-driven banking that have measurably improved outcomes for consumers in all other G7 countries."
European Banks Believe EU SEPA Instant Timelines Are Unrealistic
"New research has revealed that 58% of European banks that do not currently offer instant payments believe the timelines set out by the EU in the new SEPA Instant payments legislation are unrealistic."
Apple Defeats Consumers’ Crypto-Payment Antitrust Case for Now
"A federal judge in San Francisco has dismissed a consumer lawsuit accusing Apple of driving up fees at platforms such as Venmo and Cash App by prohibiting payment apps from implementing cryptocurrency transactions."
Modern Treasury Launches Professional Services to Drive Payments Transformation in the Enterprise
"Modern Treasury announced the launch of its Professional Services offering to help enterprises scale modern payment infrastructure so they can innovate faster, reduce risk, and unlock new revenue."
US Banks to See Modest Hit From Deal to Lower Swipe Fee by Visa, Mastercard
"U.S. banks could see a modest hit to their earnings due to the $30 billion settlement to limit credit and debit card fees for merchants by payments networks Visa and Mastercard Wall Street analysts said."
Payop Partners With Tink to Add Pay by Bank in Europe
"Payop, an international payment processor and aggregator, has partnered with Tink to add Pay by Bank to its checkout options...Pay by Bank is available for Payop merchants in France, Germany, the Netherlands, Spain, and the UK."
Adyen & Cleeng to Boost Subscription Payments and Retention in MENA
"Adyen has announced its partnership with Cleeng in order to accelerate the development of subscription payments and retention in the MENA region providing customers and broadcasters in the Middle East and North Africa with optimised solutions and payment methods."
Google Wallet Now Lets You Skip Verification for Certain Payments
"As discovered by 9to5Google, the latest version of the Google Wallet app appears to have added a “Verification settings” option. Found within Wallet settings, the new option allows users to choose if they’ll be required to verify their identity when using a payment...
Mastercard Introduces Fraud-Fighting Checkout Upgrade [Australia]
"Mastercard has chosen Australia as the next market for upgrading its tokenised online checkout experience, aiming to combat up to 90% of the country's payment card fraud. The move is in response to the growing threat of card-not-present fraud, which cost...
Episode 235 – Taking Stock in Fast Payments with Gregor Dobbie, CEO of TFPA and former CEO of Vocalink
Vocalink’s origin story, which began in 1998, spurred payments modernization efforts worldwide. For this episode, we sat down with Gregor Dobbie, CEO of TFPA and former CEO of Vocalink, to discuss what we can learn from Vocalink’s journey and what the future holds for core payment systems.