"Visa has partnered up with Solana to to introduce USDC settlements over the blockchain network. This announcement comes after Mastercard and PayPal have launched their own stablecoin initiatives, signaling interest in the digital currency by payments players."
Why PhonePe is Thriving
"There is usually good reason to be skeptical these days about a loss-making fintech with a sky-high valuation, but India’s PhonePe – valued at US$12 billion – could be an exception to the rule."
Apple Wallet App Can Now Show Current Account Balances from UK Banks
"Apple is soft launching a new iPhone Wallet app integration today that is powered by the United Kingdom’s Open Banking API. The Wallet app will now be able to show the user’s current account balance from their bank, as well as a history of deposits and payments."
The Future of Biometric Payments
"Nearly 90% of consumers are excited about using biometrics, such as fingerprints or facial scans, when paying for things. The consensus is that they’re safer and easier to use than passwords. We go behind the technology of biometric payments."
Brazil’s Central Bank Tightens Rules in Response to the Cryptocurrency Surge
"According to the governor of Banco Central do Brasil, Brazil’s central bank, Governor Roberto Campos Neto, a significant surge in crypto adoption in the country was sighted by the bank and the bank intends to respond to the situation by tightening the digital assets...
Forter Brings Enhanced Visualization, Control and Insights to Fraud and Payments Teams
"Forter, the Trust Platform for digital commerce, today announced new product enhancements to Forter Data Studio that will enable fraud and payments teams to create custom dashboards for added insight, control and visualization."
Visa Program Combats Friendly Fraud Losses For Small Businesses Globally
"Visa Inc. spotlighted the evolution of its dispute program, making it easier for merchants to fight first-party misuse, also known as friendly fraud or first-party fraud, for card-not-present transactions...The rule change gives merchants more ways to show a disputed...
Legal Fog Over Central Bank Digital Currencies “Unacceptable”, BIS warns
"Developing national digital currencies are at risk due to a lack of legal powers to issue them in most of the world, the head of the global central bank, the Bank for International Settlements, warned on Wednesday. While countries have laws on banknotes, coins and...
PSR Consults on How It Will Require Firms to Reimburse APP Fraud Victims [UK]
"In June 2023, we published our policy statement outlining our new authorised push payment (APP) fraud reimbursement requirement...We have published our consultation on the proposed specific direction on PSPs who participate in Faster Payments. The specific direction...
Apple is Ordered to Face Apple Pay Antitrust Lawsuit
"Apple was ordered to face a private antitrust lawsuit by payment card issuers accusing the company of thwarting competition for its Apple Pay mobile wallet. U.S. District Judge Jeffrey White said the plaintiffs could try to prove that Apple violated the federal...