"DLocal, a Latin American payments provider with a market value of about $3.6 billion, is exploring options including a potential sale, people familiar with the matter told Reuters on Wednesday. Montevideo, Uruguay-based DLocal, which counts buyout firm General...
Affirm and Adyen Expand Partnership to Bring Flexible Payment Options to More Merchants and Platforms
"Affirm Holdings, Inc. announced that it has expanded its partnership with Adyen. The expanded partnership makes Affirm the first Buy Now, Pay Later (BNPL) provider to support Adyen for Platforms, an end-to-end payment solution for platform businesses, and brings more...
Pan-European OCT Inst Service Goes Live in RT1
"EBA CLEARING announced the go-live of an OCT Inst Service, which was implemented in the pan-European RT1 System on 17 November 2024 at the request of its users. The new service allows payment service providers to leverage the pan-European instant payment system for...
NZ Commerce Commission Cuts Local Companies’ Fees for Visa, Mastercard Payments
"New Zealand's Commerce Commission on Wednesday issued a draft decision to reduce the fees that local businesses pay to accept Visa and Mastercard payments."
CFPB Takes Action on Bait-and-Switch Credit Card Rewards Tactics
"The Consumer Financial Protection Bureau (CFPB) announced major actions today to protect consumers from illegal credit card practices and help people save money on interest and fees. In a circular to other law enforcement agencies, the CFPB warned that some credit...
Monzo Rolls Out British Sign Language Service
"Monzo customers can now chat with the digital bank’s customer support team through a specially accredited British Sign Language interpreter in real-time using video relay services. The move forms part of its new partnership with online British Sign Language (BSL)...
A Proposal for a Retail Central Bank Digital Currency (CBDC) Architecture
"This report by the Consultative Group on Innovation and the Digital Economy (CGIDE) discusses four main processes in a retail central bank digital currency (CBDC) architecture. These are: i) enrolling new users, ii) creating CBDC (cash-in), iii) destroying CBDC...
UnionPay International Partners With WeChat Pay to Enable Cross-Border Payments
"UnionPay International announced a new partnership with WeChat Pay yesterday, enabling cross-border payments for international UnionPay wallet users through WeChat Pay’s payment system. The initial group of participating wallets includes Bank of China Hong Kong’s BoC...
EMVCo Becomes an Accredited ISO/IEC Certification Body
"EMVCo, the global technical body for the payment community, has received ISO/IEC 17065 accreditation for its security evaluation processes. Its new status as an accredited certification body recognises the value and quality of EMVCo security product evaluations in...
ACH Operations Bulletin #4-2024-Importance of Maintaining Up-to-Date Routing Transit Numbers
"The ACH Network is a payment system that reaches all U.S. bank and credit union accounts. ACH payments are routed utilizing the routing transit number (“routing number” or “RTN”) of the Receiving Depository Financial Institution (RDFI). For accurate routing of ACH...