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A leading payments industry news source for more than 17 years. Glenbrook curates the news and keeps you abreast of the important daily headlines in payments.
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June 12, 2026
On the web
Square Financial Services Introduces 3.50% APY High Yield Savings for Square Sellers
Block
"Square Financial Services, Inc., a wholly owned subsidiary of Block, Inc. announced the launch of Square High Yield Savings, a new deposit tier that pays 3.50% APY to Square sellers who maintain a daily balance of $10,000 or more in their Square Savings account. The rate is more than eight times the national average savings account rate."
Stripe Helps UK Businesses Sell Globally and Build for the AI Economy
Stripe
"Stripe shared new tools to help UK businesses sell globally from expanded multi-currency treasury capabilities to new fraud defences, and the ability for UK businesses to sell across multiple AI agents through a single integration. Stripe has expanded Stripe Treasury to let UK businesses hold, convert, and move money across GBP, EUR, and USD from a single account, and pay out to suppliers in over 100 countries with just an email address. Businesses on Stripe can now automatically localise pricing for international customers with Adaptive Pricing."
Europe’s Most Valuable Fintech Faces Banking-Supervision Reality
EU Today
"The issue is not whether Revolut is a successful fintech. It is one of Europe’s most prominent technology businesses. The London-based company has secured a full UK banking licence after a prolonged regulatory process, and has built a business that extends beyond foreign exchange and card payments into savings, investments, crypto, lending, subscriptions and other financial products. The question is whether the internal controls of a fast-moving digital bank can keep pace with the scale and complexity of the products it wants to sell."
Cash App Launches $40 Mobile Virtual Operator (MVNO) to Deepen Fintech Ecosystem
Tech Buzz
"Cash App, owned by Block, is jumping into the mobile carrier business with a $40-per-month unlimited 5G plan. The move mirrors Klarna's 2025 playbook almost perfectly. It's rolling out to select users now, with broader availability coming in the next few months as the fintech giant tries to become the everything app for its user base. Cash App just became the latest fintech company to bet that your phone bill belongs in your banking app."
June 11, 2026
Top Post
Zelle® Heads to India, Unveils ZelleUSD Stablecoin For Other Markets
Early Warning
"Early Warning Services LLC, the network operator of Zelle, announced that India will be the first country where U.S. consumers can use Zelle to send money overseas. As the world’s largest recipient of remittances, India is an important corridor for millions of American consumers who regularly send money to the country. Availability is expected before the end of this year. Additionally, the company unveiled ZelleUSD (ZLUSD), its proprietary U.S. dollar-backed stablecoin. ZLUSD will support future international payment capabilities in other markets to be announced."
On the web
Adyen to Acquire Orb to Unify Billing and Payments Infrastructure for Enterprise Merchants
Adyen
"Adyen announced it has entered into a definitive agreement to acquire enterprise billing platform Orb through a reverse triangular merger. Upon closing, Orb will become an indirect, wholly owned subsidiary managed under an incubator model. The total consideration for the transaction is $335 million, which Adyen will finance entirely from available cash resources. Headquartered in San Francisco, Orb provides an infrastructure engine that tracks real-time usage data and translates complex pricing contracts for global enterprises."
The Rise of the Modern Earner Economy
Block
"For a growing number of Americans, income no longer exclusively comes from one employer or one predictable paycheck. In a new white paper, The Modern Earner Economy: How Changes in Earning Are Reshaping Financial Services, Cash App shares insights from customer data and survey research. Among Cash App monthly actives, 70% earn income beyond a traditional paycheck - whether driving, freelancing, selling, creating content, running side businesses, holding multiple jobs, and building income across platforms."
A Year In, VAMP Is Turning Acquirer Anxiety Into Opportunity
Digital Transactions
"More than a year after Visa Inc. launched the Visa Acquirer Monitoring Program, acquirers and their vendors are adapting to the new way of keeping tabs on fraud and chargeback levels. Known as VAMP, the program, according to Visa, consolidated five fraud and dispute programs and reduced 38 distinct remediation processes into one program. A year later, Visa has released six new or updated dispute-resolution services."
ING Rolls Out Global Subscription Banking Model
ING
"ING introduced four plans – ING Go, ING More, ING Extra and ING Max – under one brand across all nine retail markets covering 41 million customers (Netherlands, Belgium, Germany, Spain, Italy, Australia, Poland, Romania, Türkiye). Each subscription plan combines everyday banking with additional features and lifestyle benefits that customers would otherwise arrange separately."
ACI Worldwide Powers Next-Generation PSP Expansion in Africa with Kwik Payments Go-Live
ACI Worldwide
ACI Worldwide announced that Kwik Payments, a South Africa-based payments service provider (PSP), has successfully gone live on the ACI Payments Orchestration Platform, to power the next phase of digital commerce growth across South Africa and the wider African market. Anchored by a strong local presence, ACI’s payment orchestration platform streamlines payment processing by seamlessly connecting POS, ATM, and e-commerce channels with leading global card networks, including Visa, Mastercard, and American Express.
Thunes Deputy CEO Chloe Mayenobe Joins NYSE Floor Talk at Money20/20 EU
Yahoo Finance
"Thunes Deputy CEO provides updates on the company, the industry and expansion.
June 10, 2026
Top Post
Visa Announces New AI, Stablecoin and Token Innovations to Power Intelligent, Programmable Commerce at Visa Payments Forum
Visa
"At Visa Payments Forum 2026, Visa announced new AI, stablecoin and token capabilities designed to help clients unlock the next generation of commerce. Visa detailed how AI is reshaping how transactions are initiated, authorized and trusted—while also accelerating how new commerce experiences are designed, developed and delivered, particularly as AI agents increasingly act on behalf of consumers and businesses."
Visa Partners with OpenAI to Power the Next Generation of AI Commerce
Visa
"Visa announced a strategic collaboration with OpenAI to enable secure Visa payments within agentic commerce, enabling seamless and trusted payments across OpenAI. The companies made the announcement at the Visa Payments Forum in San Francisco. Through the partnership, Visa will provide its global network, credentialing capabilities and security infrastructure to support agentic commerce experiences, helping consumers and businesses interact and transact with confidence."
Mastercard Launches Agent Pay for Machines to Unlock Super-Fast, Always-on Payments
Mastercard
"Mastercard envisions a future where businesses create services for AI agents to buy and use. To enable this new form of commerce, Mastercard developed a new way to pay for these services: payments, some only fractions of a cent, to be completed quickly, programmatically and securely. Today, the company is introducing Agent Pay for Machines (AP4M), a new service that will allow these transactions to be permissioned, orchestrated and settled at machine speed across its global payments network."
On the web
Consumer Demand for AI Shopping Is Forming Fast but Trust for Agentic Commerce Is Still Catching Up
Checkout
"Checkout.com research reveals a third of consumers (33%) expect at least 10% of purchases to be AI-driven within a year, but there is a gap between consumer expectations and industry readiness. Merchants across the UK and US recognize consumer adoption could outpace current ecosystem readiness, with 72% saying consumers will adopt agent-led shopping faster than most merchants are prepared for. Trust remains a barrier to adoption with 27% of consumers saying they trust no organization to operate an AI shopping agent."
Same Day ACH Increased Limit as a Treasury Advantage: Driving Liquidity and Control at Optimal Speed
Nacha
"Since its introduction in 2016, Same Day ACH has evolved from a faster payment option into a strategic treasury tool that helps organizations enhance liquidity, control, and operational efficiency. Same Day ACH will become an even more popular tool on Sept. 17, 2027, when the dollar limit per transaction is increased to $10 million."
Four Takeaways on AI’s Next Phase in Payments
JPMorgan
"As part of New York Tech Week 2026, J.P. Morgan Payments and Tech:NYC hosted a chat between Zack Anderson, Chief Data & Analytics Officer at J.P. Morgan Payments, and Bloomberg Reporter Paige Smith. The conversation covered questions in payments and infrastructure: how banks have evolved their relationship with AI, what it means to operate agentic systems at scale and why treasury automation remains an early-stage opportunity. Anderson addressed four themes in how we’re approaching AI in payments."
Big Banks May Have Found Their Answer to the Clarity Act’s Stablecoin Challenge
CryptoSlate
"The Clearing House is preparing a system that lets banks settle deposits on-chain. Its June 5 announcement puts the largest U.S. banks behind a response to the stablecoin challenge: dollar payments can move around the clock, across blockchain rails, with programmable settlement. Banks want those features while retaining the customer balances, compliance controls, and deposit economics that sit inside the regulated banking system. The initiative would enable clearing and settlement of tokenized commercial bank money at scale."
Wirex Joins Visa Agentic Ready Programme to Enable AI-Driven Payments
Wirex
"Wirex has joined the Visa Agentic Ready programme as an issuer supporting the development of secure, scalable agent-initiated payments on stablecoin rails, as part of the next generation of digital commerce. Through the programme, Wirex will work with Visa and ecosystem partners to test and validate how AI-driven agents can initiate and complete transactions on behalf of consumers, while maintaining the security, control and trust that underpin digital payments."
PhonePe Launches SmartPages: India’s First AI-Powered Payment Page Creator for Merchants
PhonePe
"PhonePe announced the launch of SmartPages, an AI-powered payment page creator built natively into the PhonePe Payment Gateway dashboard. A first in India’s payment gateway ecosystem, SmartPages allowis merchants to build contextual, professional and conversion-optimized payment pages instantly. A merchant describes what they are selling, and the AI acts as both copywriter and designer. It generates product copy, appropriate input fields (like shipping or contact details), and structures the complete mobile-optimized layout."
June 9, 2026
On the web
Klarna Launches High-Yield Savings Account, Turning Everyday Spend Into Everyday Savings
Klarna
"Klarna announced the launch of Klarna Savings accounts in the U.S. - FDIC-insured accounts with no minimum deposit, no monthly fees, direct deposit, and interest rates above 3% APY¹, available directly in the Klarna app and provided and held by WebBank, member FDIC."
Volante Launches “Vol360i” Agentic AI
Volante Technologies
"Volante Technologies announced that its Payments Platform and PaaS operations are now powered by its “Vol360i” Agentic AI. The core upgrade unlocks autonomous and semi-autonomous collaboration to reduce manual intervention, significantly increasing straight-through processing (STP) rates to over 95%, accelerating exception resolution, and proactively managing SLA performance. Vol360i has four main operating principles guiding Volante’s agentic framework to deliver a frictionless payments experience: Prevent Agents, Repair Agents, Predict Agents, Sense Agents."
Stripe Powers Lloyds’ New Suite of Payment Tools for UK Small Businesses
Stripe
"Stripe announced a partnership with Lloyds, the UK’s largest digital bank. Lloyds will use Stripe to power Lloyds Accept, a new suite of payment tools for UK small businesses—giving them access to the same payments infrastructure like Amazon or OpenAI. Lloyds Accept is integrated into the Lloyds Business Account, and enables small businesses to accept payments however they trade: in-person with modern terminal devices, through Tap to Pay, or via payment links for online sales."
HSBC, Mastercard Pilot Agentic B2B Payments in Singapore
Tech In Asia
"HSBC and Mastercard said they were piloting agentic commerce for business-to-business (B2B) procurement and payments in Singapore. The proof of concept links a multinational corporate buyer, Singapore-based procurement platform SourceSage, and ecommerce supplier FortyTwo through Mastercard Agent Pay, tokenised payments, and merchant discovery and referral tools. HSBC said the pilot would let trusted digital agents automate parts of purchasing and payment while keeping controls and oversight in place."
June 8, 2026
Top Post
Apple Is Fixing the Headache of Splitting the Bill with Its New Siri in Camera Feature
TechCrunch
"There’s nothing worse than going to a dinner with a group of friends, opting out of drinking to save money, but then having to pay for friends’ martinis when the group decides to split the bill evenly. You don’t want to come off cheap and make everyone wait while you recalculate the bill. Apple unveiled a solution for that at WWDC 2026. With the feature, you can point your iPhone camera at a receipt. Then Siri mode in the Camera app will make each item selectable to keep track of who got each item, and send people separate Apple Cash payment requests depending on what they ordered."
On the web
Visa Launches “Agentic Ready” Program in UAE to Accelerate Agent Led Commerce
Visa Middle East
"Visa announced the launch of its global Agentic Ready program in the United Arab Emirates, supporting the local industry’s appetite for advancing AI-driven commerce. This launch is part of a broader rollout of the Agentic Ready program across Central and Eastern Europe, Middle East, and Africa (CEMEA). In its first phase, Visa Agentic Ready enables issuers to test and validate agent-initiated transactions in a controlled, production-grade environment, helping them prepare for broader adoption as demand grows."
On the wires
Zoooom Launches Stripe-Powered 'Secure Payments' for Private-Party Car Sales
PR Newswire
"Zoooom announced the launch of Secure Payments, a fully integrated, Stripe-powered checkout that allows private-party car buyers to pay by bank wire, credit card, or installments through Klarna—and enables sellers to get paid securely—without ever leaving the platform. Zoooom becomes the first platform to deliver a fully verified peer-to-peer automotive marketplace where the buyer, the seller, and the vehicle's title are all authenticated before a single dollar moves."
June 5, 2026
On the web
OQC, JPMorganChase and AMD Commence Research Collaboration to Develop New Quantum-AI Platform in London
JPMorganChase
"OQC, JPMorganChase and AMD today announced a research collaboration leveraging a new and dedicated Quantum-AI Data Centre, built by OQC in London. JPMorganChase researchers will test near-term quantum and hybrid quantum-classical computing applications via a secure enterprise environment to examine how quantum computing, AI and high-performance classical infrastructure can work together on complex financial services challenges."
Visa And Mastercard Collaborate On New Stablecoin Platform
Yahoo Finance
"Credit card giants Visa and Mastercard are reportedly close to introducing a new stablecoin platform. Media reports say that global payment network Stripe and U.S. cryptocurrency exchange Coinbase Global (NASDAQ: $COIN) also plan to participate in the stablecoin platform. Stablecoins are cryptocurrencies whose value is pegged to another asset, usually the U.S. dollar."
Adyen Selected as Payment Services Provider for GOV.UK Pay
Adyen
"The Government Digital Service (GDS) has appointed Adyen as the new payment services provider (PSP) for non-Crown card payments and pay by bank services. GOV.UK Pay, the government’s online payment service built by GDS, enables public sector organisations to take payments quickly, securely and accessibly. The new agreement will see public sector organizations, including local councils, armed forces and police, transition from Stripe to Adyen for their GOV.UK Pay processing."