"FreedomPay announced a strategic alliance with Mastercard. This collaboration will provide businesses worldwide with a global payment gateway solution, streamlining their ability to connect with acquirers and accept a wider range of payment methods."
CBA Urges Reserve Bank to Scrap all Card Surcharges [Australia]
"Commonwealth Bank has urged the Reserve Bank to scrap surcharges on debit and credit card payments, amid mounting consumer anger over the ubiquitous practice. This would bring Australia into line with overseas economies in Europe and the UK where the practice is...
Episode 254 – Reshaping How We Move Money with Booshan Rengachari, Finzly
Booshan Rengachari, CEO of Finzly, joins Glenbrook’s Elizabeth McQuerry and Simon Skinner to discuss how software, fast payments, and open banking are reshaping the banking industry and the way we think about financial services.
U.S State Regulators Fine Block Inc $80 Million for Insufficient Money Laundering Controls
"Block Inc has agreed to pay a fine of $80 million to a group of 48 state financial regulators after the agencies determined the company had insufficient policies for policing money laundering through its mobile payment service, Cash App."
Federal Reserve Reminder: Fees and Payment System Enhancements for 2025
"The recently announced pricing changes for 2025, which took effect Jan. 1, 2025, support Federal Reserve Financial Services’ (FRFS) plans for the new year and reflect our continued strategic focus on providing customers with a fully integrated product suite that...
Chinese Organized Crime’s Latest U.S. Target: Gift Cards
"Chinese crime rings already dominate the illegal marijuana trade in the U.S. and launder cocaine and heroin profits. Now a federal task force is investigating their role in a burgeoning form of gift card fraud."
Does SEPA Instant Payments Mark a New Chapter for European Finance?
"The SEPA Instant Payments regulation, which took effect on January 9, 2025, has ushered in a new era for Europe’s financial ecosystem with the immediate requirement for all banks and payment service providers (PSPs) in the eurozone to receive instant payments. The...
U.S. Faster Payments Council Unveils Comprehensive Guideline for Instant Payment Sending Capabilities
"The U.S. Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, released the latest guideline from the FPC Operational Considerations Work Group: Operational Considerations for Instant...
The Instant Payments Experience — What Does It Look Like?
"Star One Credit Union, one of Silicon Valley’s largest member-owned financial institutions has over 123,000 members worldwide and over $10 billion in assets. Within just several months after launching the instant payment service, Star One members transferred over...
MagTek’s Magensa Cloud Services Debuts Robust eCommerce Solution with PAAY Partnership
"MagTek unveiled Magensa Cloud Service eCommerce solutions with PAAY, a leader in consumer transaction authentication. Magensa's payment expertise expands beyond card-present into card-not-present online transactions."