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January 17, 2025
On the web
ISO 20022 in Bytes for Payments: Maintaining the Momentum in 2025
Swift
Adopting the new global standard for payments is more important than ever. As the financial industry moves closer to the CBPR+ November 2025 deadline, see what’s new.
Amazon to Acquire Indian BNPL Firm Axio
Tech In Asia
"Amazon has reached an agreement to acquire the Indian buy-now, pay-later company Axio as part of its expansion into financial services in India. Finalized in December 2024, the deal awaits approval from the Reserve Bank of India."
January 16, 2025
On the web
Digitalizing the Public Purse: The Next Generation of G2P Payments
Mastercard
"Mastercard for Government’s new two-part white paper, “Digitalizing the public purse,” explores how payment flows to and from government can harness digital payments."
CFPB Orders Operator of Cash App to Pay $175 Million and Fix Its Failures on Fraud
Consumer Financial Protection Bureau
"The Consumer Financial Protection Bureau (CFPB) ordered Block, the operator of the peer-to-peer payments app Cash App, to refund and pay other redress to consumers up to $120 million and pay a penalty of $55 million into the CFPB’s victims relief fund."
American Express Agrees to Pay More Than $138 Million to Resolve Wire Fraud Investigation In Connection With The Sales And Marketing Of Wire Products
Justice
"American Express Company has entered into a non-prosecution agreement with the U.S. Attorney’s Office for the Eastern District of New York (the Office), and has agreed to pay more than $138 million for engaging in sales practices that provided inaccurate tax advice to customers and potential customers of AMEX for two wire products, Payroll Rewards and Premium Wire (PR/PW)."
Mastercard and FreedomPay Unlock Global Commerce With New Payment Gateway Partnership
FreedomPay
"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."
January 15, 2025
On the web
U.S State Regulators Fine Block Inc $80 Million for Insufficient Money Laundering Controls
Yahoo Finance
"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
FRB Services
"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 offers speed, resilience and choice."
MagTek's Magensa Cloud Services Debuts Robust eCommerce Solution with PAAY Partnership
MagTek
"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."
January 14, 2025
Top Post
Many Small Businesses Add Card Payment Surcharges to Customer Purchases as Point-of-Sale Payment Methods Proliferate, J.D. Power Finds
Business Wire
"Small business owners are less optimistic than they were a year ago and, as they accept a wider variety of payment methods such as debit and credit cards, digital wallets, Buy Now, Pay Later (BNPL) and even cryptocurrency, many are applying surcharges to customer purchases. According to the J.D. Power 2025 U.S. Merchant Services Satisfaction Study,℠ released today, 34% of merchants are adding surcharges for customer purchases made using credit cards."
On the web
Klarna Is Now Available to Millions of New Businesses, in Strengthened Partnership With Stripe
Klarna
"Klarna has strengthened its global partnership with Stripe, a financial infrastructure platform for businesses. Stripe-powered businesses in 25 countries can now instantly offer Klarna to their customers."
Unmasking Vulnerabilities: Tackling APP Scams in India’s Rapidly Evolving Digital Payment Landscape
CXOToday
CXOToday has engaged in an exclusive interview with Ankur Saxena – Senior Director and Head of Sales, South Asia & Middle East (UAE & Oman) at ACI Worldwide.
Square partners with Salt Edge to offer open banking capabilities to UK-based SMEs
Salt Edge
"Square has partnered with Salt Edge, a leading open banking platform, to help streamline and simplify payment operations for sellers in the UK."
Here a Coin, There a Coin, Everywhere a Stablecoin
Atlanta Fed
"Cryptocurrencies have been around for over a decade, yet the way they operate, their value, and their impact on traditional payments remains puzzling—even to me. While Bitcoin and Ethereum dominate the headlines, stablecoins are quietly becoming a significant part of our daily lives."
On the wires
Sezzle Unveils Money IQ: An Interactive Rewards Program Promoting Financial Education
GlobeNewswire News Room
"Sezzle leads the industry as the first BNPL to launch an in-app financial education product, designed to reward users for learning"
January 13, 2025
On the web
J.P. Morgan Payments Opts for Proprietary POS Terminals
Digital Transactions
"J.P. Morgan Payments is blazing its own path with two new payment terminals, both proprietary to the payment service. Announced Monday, the J.P. Morgan Paypad and Pinpad integrate in-store biometric authentication with payment acceptance."
Number of Websites That Have Alipay as a Digital Payments Solution Across Various Countries and Territories
Statista
"Alipay was available as a payment check-out option on 11,000 more websites from China than on websites that originated from the United States."
Skyrocketing RTP® Network Growth Sets Stage for 2025
The Clearing House
More consumers and businesses than ever before benefited from real-time payments on the RTP® network in 2024, operated by The Clearing House. In 2024, payment value on the network jumped 94% from the previous year, logging in at $246 billion, while volume surged 38% to 343 million transactions.
IXOPAY and Riskified Announce Partnership to Boost Fraud Prevention and Enhance Enterprise Payment Orchestration
Accesswire Newsroom
"IXOPAY, a leading enterprise payment orchestration platform, and Riskified, a leader in ecommerce fraud and risk intelligence, announced a strategic partnership to enhance payment security, reduce fraud challenges and increase payment operation resilience."
On the wires
Voice AI Comes to Payments
PR Newswire
"iWallet announced the introduction of Voice AI to payments. iWallet is the first in the world to launch a PCI-compliant TO (Telephone Order) AI-based system that uses voice instead of manual DTMF signal entry, providing a smoother user experience and enhanced security by eliminating potential errors and reducing fraud risks associated with manual input."
January 10, 2025
On the web
Mastercard Crypto Credential Launches in the UAE and Kazakhstan, Simplifying Cryptocurrency Transactions
Mastercard
"Mastercard has introduced the latest expansion of its innovative Mastercard Crypto Credential solution to the UAE and Kazakhstan, marking its debut in the Eastern Europe, Middle East and Africa (EEMEA) region."
January 9, 2025
On the web
Introducing Adyen Uplift: The Payment Solution Optimizing Every Transaction With AI
Adyen
"Adyen announced the launch of Adyen Uplift. The AI-powered payment optimization suite will help businesses increase payment conversion, simplify fraud management, and reduce the cost of payments. It has been piloted by 60 enterprise businesses, including Patagonia, On, Indeed, NordSecurity, and Fubo, with AI helping businesses increase payment conversion rates by up to 6% compared to legacy implementations."
Truelayer Partners With Ryanair
Yahoo Finance
"TrueLayer, one of Europe’s largest open banking payments network has formed a partnership with Ryanair, Europe’s largest airline group. This collaboration is now live and represents a major milestone for both companies."
Growth at a Crossroads: New Report Reveals High Cost of Financial Fragmentation
Swift
"A new report from Economist Impact, supported by Swift, highlights the growing cost of financial fragmentation on countries, economies, businesses, and people’s lives."
On the wires
Verifone Unveils New Payment Device Portfolio and Innovations to Revolutionize Commerce
GlobeNewswire News Room
"Verifone announced its new Verifone Victa payment devices with a softPOS solution called Verifone Tap. The new Verifone Victa portfolio covers use-cases from mobile, to multilane, to companion devices. The new Verifone Tap SoftPOS solution allows businesses to take payments on commercially available smart devices equipped with Tap to Pay (NFC)."
Transcard Expands into Canada with B2B and B2C Payment Orchestration
PR Web
"Transcard announced its expansion into Canada, introducing its SMART Suite for payment orchestration to enhance digital payment solutions. The expansion includes partnerships with Canadian businesses, local payment rail integration, and multilingual support, reflecting the company's commitment to delivering secure, streamlined global financial operations."
Nium Launches Diners Club International® Card, Expanding B2B Payments Offering for Travel Industry
PR Newswire
"Nium, the leading global infrastructure for real-time cross-border payments, announced the launch of the Diners Club International® Card for its travel customers."
January 8, 2025
On the web
Nuvei Enters Strategic Partnership With Gaming Innovation Group (Gig)
PR Newswire
"Nuvei Corporation has entered a new strategic partnership with GiG, a leading B2B technology provider to the iGaming industry. This collaboration enables iGaming operators to optimize their payments functionality through their existing integration with GiG's CoreX solution."
Regions Bank to Integrate Axway’s Open Banking Solution
Open Banking Expo
"US-based Regions Bank has chosen data integration company Axway’s Open Banking solution ‘Amplify’, to offer customers enhanced data privacy and security. By adopting the Axway solution, Regions Bank’s consumer banking, corporate banking and wealth management customers will no longer have to rely on screen-scraping, which is a “credential-based process”."
How ISO 20022 Is Helping Diamond Trust Bank Achieve Operational Excellence
Swift
"The MT/ISO 20022 cross-border co-existence period is coming to an end. Diamond Trust Bank shared how adopting the global ISO 20022 messaging standard can help financial institutions unlock strategic benefits."
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