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March 28, 2025

On the web

Axis Bank launches 24/7 global USD clearing through Kinexys by J.P. Morgan

J.P. Morgan

"Axis Bank, one of the largest private sector banks in India, has become the first Indian-headquartered financial institution to launch near-real-time, 24/7 programmable USD clearing capabilities for its commercial clients, leveraging Kinexys Digital Payments (KDP), a unit of Kinexys by J.P. Morgan. By utilizing KDP, Axis Bank can offer its commercial clients optionality to leverage 24/7 cross-border payments while also using foundational state-of-the-art blockchain-based infrastructure."

FDIC Clarifies Process for Banks to Engage in Crypto-Related Activities

FDIC Subscriptions

"The Federal Deposit Insurance Corporation (FDIC) issued a Financial Institution Letter (FIL-7-2025) that provides new guidance for FDIC-supervised institutions engaging or seeking to engage in crypto-related activities. The guidance affirms that FDIC-supervised institutions may engage in permissible activities, including activities involving new and emerging technologies such as crypto-assets and digital assets, provided that they adequately manage the associated risks."

March 27, 2025

On the web

On the wires

Perplexity Integrates firmly.ai Commerce Tech to Scale Seamless Ecommerce Experience

GlobeNewswire News Room

"Perplexity, the leading AI answer engine, announced it will be integrating firmly.ai agentic ecommerce technology to scale access to Perplexity’s native shopping experience. This collaboration enables seamless purchases for all consumers and merchants of any size. By embedding firmly.ai’s innovative Agentic commerce platform, Perplexity empowers more users to complete their entire shopping journey—from product discovery to secure transaction—without leaving the platform."

Socure Earns "Moderate" FedRAMP® Authorization

PR Newswire

"Socure, the leading provider of artificial intelligence (AI) for digital identity verification, compliance, and fraud prevention, announced that its Socure For Government (SocureGov) platform has achieved the "Moderate" authorization from the Federal Risk and Authorization Management Program (FedRAMP®)."

March 26, 2025

On the web

Westpac SafeBlock: Stopping Scammers in Their Tracks

Westpac

"In a move to stop scammers in their tracks, Westpac introduced SafeBlock, a new feature that allows customers to immediately block their account when they suspect they are being scammed.   This innovative technology adds an extra layer of defence, providing peace of mind in the fight against scams and fraud."

TreviPay Launches Advanced Purchase Controls to Streamline B2B Purchasing and Enhance Compliance

TreviPay

"TreviPay announced the release of advanced purchase controls to allow businesses to configure and enforce customized B2B purchase policy structures that align with their procurement requirements. The new functionality addresses pain points in the B2B purchasing process by automating controls that reduce payment delays, minimize manual reconciliation work and enhance overall compliance."

Worldline and Castles Technology Partner To Deliver Innovative Softpos Payment Solution in North America

PR Newswire

"Worldline announced a strategic partnership with Castles Technology to provide cutting-edge in-person payment solutions in North America. Castles Technology offers advanced Android payment technology, They have established a reputation for prioritizing security, innovation, and user-centric solutions, which align directly with Worldline's strategic goals and position them as a highly trusted partner."

Grazzy, U.S. Bank Debit Card Program Simplifies the Way Tipped Employees Earn and Receive Digital Tips

PR Newswire

"Grazzy, a leading digital tipping platform, has joined with U.S. Bank to offer a prepaid debit card program for hourly employees to easily access tips. Employers enrolled with Grazzy's digital tip service and the prepaid debit card program can issue employees a physical debit card and route tips and wages to the card, enabling access to tipped wages at the end of each shift."

Swift’s Line in the Sand for a New Payment Message

American Banker

"One way or another, all international Swift payments will follow the ISO 20022 standard by the Nov. 22 deadline, according to the financial messaging provider.  "We will no longer deliver payment instructions in anything but ISO 20022 after the deadline," Stephen Lindsay, head of market infrastructures and standards for Swift, told American Banker. Swift supervises the ISO 20022 standard for international payments." [Subscription Required]

On the wires

Finix Introduces New Payment Features for Q1

GlobeNewswire News Room

"Finix unveiled its latest suite of product updates and enhancements for Q1. Designed to further simplify payment processing and empower merchants with greater efficiency, these releases include Account Updater, Network Tokens, Instant Payouts, and new hardware terminal options."

March 25, 2025

On the web

Trek Chooses Gr4vy to Power Online-To-Offline Shopping Experience

Gr4vy

"As Buy-Online-Pickup-In-Store (BOPIS) grows, retailers and manufacturers face payment processing and inventory management challenges. Customers expect to order online, pick up in-store, and avoid checkout issues or stock shortages. Trek has chosen Gr4vy , the cloud-based payment orchestration platform, to address these issues to enhance its BOPIS transaction process."

And So We Pay: More Digital and Faster, With Cash Still in Play

BIS

"The use of cashless payments continues to increase. In particular, the use of credit transfers and e-money has grown, especially in emerging market and developing economies (EMDEs). Fast payments are gaining further ground and a key driver of the growing use of credit transfers in many EMDEs. Fast payments are often associated with less cash in circulation, and with more and smaller card payments."

On the wires

Santander UK Wins Bid To Throw Out Lawsuit Over Push Payment Fraud

Reuters

"The UK arm of Spain's Banco Santander won its bid to throw out a lawsuit that had alleged lenders have a duty to try and retrieve funds stolen by customers that turn out to be fraudsters. Santander UK was sued at London's High Court in 2022 by teacher training provider CCP Graduate School, which paid around 415,000 pounds (around $537,000) from its Natwest account into a Santander account operated by fraudsters."

March 24, 2025

Top Post

On the web

Clear Partners With Stripe to Power Billing and Payments for Millions of Customers

Stripe

"Stripe announced that CLEAR—a leading identity verification platform trusted by over 30 million customers—is moving its payments and billing to Stripe. CLEAR is best known for its flagship membership, CLEAR Plus, which uses biometrics to speed up identity verification at airports. In recent years, CLEAR has expanded beyond travel to other sectors like healthcare and financial services."

On the wires

Porter Airlines, BMO and Mastercard Launch First Canadian Credit Card Program Granting Immediate Airline Loyalty Benefits

Business Wire

"Porter Airlines, BMO and Mastercard are announcing the launch of two new BMO VIPorter Mastercard credit cards – creating the first and only travel credit card program in Canada that grants immediate frequent flyer benefits for cardholders in an airline’s loyalty program, while enabling accelerated travel rewards. More than 30,000 people have joined the pre-launch waitlist since the program was announced in January 2025."

Blackhawk Network (BHN) and Exchange Solutions Partner to Offer Robust Data-Driven Consumer Loyalty Program Capabilities

Business Wire

"Blackhawk Network is partnering with Exchange Solutions™, a leader in loyalty and personalized offers solutions, to help businesses enhance their customer engagement strategies through more efficient, tech-integrated loyalty programs. With this collaboration, Exchange Solutions pairs its loyalty program technology, features and functionality with BHN’s broad partner network and gift cards portfolio."

March 21, 2025

Top Post

JP Morgan CEO Jamie Dimon Emphasizes AI’s Potential To Cut Costs by 90%

CHOSUNBIZ

"We can perform all the tasks we've been doing at one-tenth the expense using artificial intelligence (AI)." At the Adobe Summit 2025, Jamie Dimon, Chairman and Chief Executive Officer of JP Morgan Chase, said this. During the discussion, Shantanu Narayen, CEO of Adobe, posed a wide range of questions about the changes brought by AI and the outlook for the global economy, and Dimon shared his views on these topics."

On the web

DoorDash Will Soon Let Users Eat Now and Pay in Installments

BNN Bloomberg

"Buy Now, Pay Later services are typically used on large purchases, like furniture. But now one service is branching out into fast food. DoorDash is partnering with Klarna, a financial company that lets customers schedule small payments over a set period of time, in a new partnership announced."

Ant International Launches Embedded Finance Service for E-Commerce SMEs in Brazil

Ant Global

"Bettr, a leading AI-driven lending business under Ant International, announced its official launch in Brazil to expand small and medium-sized enterprise (SME) lending to support local and regional economic development by working with local partners. As a first move, it formed a strategic partnership with AliExpress to bring a new financing solution, Bettr Working Capital, to local merchants operating on AliExpress."

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