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July 9, 2025
On the web
Mastercard and Pay4You Partner to Enhance Tail Spend Management for Corporations
Mastercard
"Mastercard and Pay4You, a self-service payment portal, have announced a new partnership to deliver a comprehensive tail spend management solution for corporations across Europe. This collaboration leverages Mastercard's Virtual Card Network (VCN) technology and guarantees card acceptance, providing a seamless and efficient way for corporations to manage their travel spend. Tail spend refers to the portion of a company's expenditures that are not actively managed by procurement."
Truist’s Merchant Engage Combines Banking and Payments in One
Digital Transactions
"Truist Financial Corp. is courting merchants and their banking and payment needs with a new service called Merchant Engage. The free service is an integrated merchant-services platform, enabling small businesses up to large merchants to view all of their transaction data in one location."
Adyen Launches Capital for Canadian Platform Customers
Adyen
"Adyen launched Capital in Canada, which enables platform businesses to offer fast and flexible loans to the small and medium-sized businesses (SMBs) they serve."
Nice Actimize 2025 Fraud Insights Report Shows Scams Still the Method of Choice in Attempted Fraud Transactions
Nice
"NiCE Actimize has released the "2025 NiCE Actimize Fraud Insights Report, U.S. Retail Payments Edition," which explores the latest findings on the evolution of fraud attacks across various transaction types, including check fraud, domestic and international wires, and Zelle payments."
Intelligent Routing via Payment Hubs
Cleveland Fed
"A payment hub is a centralized technology platform that acts as a financial institution’s center for payment processing and connectivity. There are several potential benefits of payment hubs, including more efficient orchestration of different payment types across various payment rails (that is, payment clearing and settlement systems), reduction in payment processing costs, increased automation rates, and decreased compliance incidents (Chinnapa, 2025)."
On the wires
Bank of England Fines Vocalink More Than $16 Million for Compliance Failure
Reuters
"The Bank of England has fined payment systems firm Vocalink Ltd 11.9 million pounds ($16.19 million) for falling short of its obligation to have adequate risk management and governance arrangements.Owned by U.S. payment processor Mastercard, Vocalink designs, builds and operates bank account-based payment systems in Britain, processing over 90% of salaries, more than 70% of household bills and 98% of state benefits, according to its website."
July 8, 2025
On the web
Mastercard Expands Small Business Navigator With Penny Rental Offer for Clover
Mastercard
"Mastercard has expanded its U.S. Small Business Navigator platform with a new offer from Fiserv’s Clover, one of the country’s largest point-of-sale and business management systems. As part of this broader collaboration, the first 1,000 small businesses to apply and qualify under the offer terms before December 31 will receive a select Clover device for just one penny per month in hardware rental fees."
Innovations in Payments Acceptance Play Out in Consumer Check Use
Atlanta Fed
"Consumers avoid using checks for many reasons, as reported in the Survey and Diary of Consumer Payment Choice. Consumers rated checks poorly for convenience, security, and speed of payment. Instead, we say we prefer to use cards or an electronic method to pay both purchases and bills. But there's another side to the decrease in the share of consumer payments via check: the payee's increased capacity to be paid by other means."
Revolut Partners With Ant to Enable Alipay Transfers to China
The Asian Banker
"Revolut has partnered with Ant International, a global digital payment and financial technology provider. This partnership allows Revolut customers globally-especially overseas Chinese to send money to China in Chinese yuan, with the recipient’s Alipay ID, powered by Ant International’s global remittance solutions. China remains one of the top five global recipients of remittances in 2024, with an estimated inflow of $48 billion."
On the wires
Powering the Software Platforms of Tomorrow, Worldpay Expands Embedded Payments Across the Globe
Business Wire
"The demand for embedded financial services is growing fast with 90% of small- and medium-sized businesses indicating access to financial products and services from within their software platforms is critical, according to Worldpay® research. To meet this demand, Worldpay is expanding its Worldpay for Platforms offering to Canada and the United Kingdom, while deepening its presence in Australia."
July 7, 2025
Top Post
Confirmed: ISO® 20022 Will Be Implemented July 14 for the Fedwire® Funds Service
FRB Services
"For the past several years, Federal Reserve Financial Services has worked with the industry to prepare for the upcoming ISO 20022 implementation for the Fedwire Funds Service on July 14, 2025. As announced on June 18, FRFS will move forward with implementing the new ISO 20022 message format on July 14, as planned."
On the web
Barclays Halts Credit Card Support for Customer Crypto Transactions
MSN
"Barclays Bank is informing customers it will no longer allow debit or credit card payments to crypto exchanges, including Binance. The decision was disclosed earlier this week, following a June 23 decision from the United Kingdom’s Financial Conduct Authority (FCA) targeting Binance Markets Limited."
Adyen Launches Upgraded Partner Programme for Stronger Collaboration
IBS Intelligence
"Adyen has launched its Global Partner Programme to deepen collaboration and help partners unlock greater value for clients through structured support and incentives. The updated initiative aims to deepen collaboration across its network of more than 1,000 partner organisations, supporting greater joint success through a clearer structure and dedicated resources."
Stripe and TrueLayer Partner to Launch Pay by Bank Integration in France and Germany
Truelayer
"Stripe announced the upcoming launch of Pay by Bank in France and Germany. This product builds on the successful partnership between Stripe and TrueLayer in the UK, where Pay by Bank has revolutionised payments for both merchants and customers."
Visa’s Blockchain Leap Redefining Global Payments
Blockchain Magazine
"Visa is pioneering blockchain with two key projects. The Visa Tokenized Asset Platform (VTAP), launched in October 2024, enables banks to issue digital tokens, like stablecoins (digital currencies tied to dollars) or tokenized bank deposits, on public blockchains like Ethereum. In 2025, Visa partnered with Bridge, a Stripe-owned startup, to expand stablecoin payments in Latin America, allowing freelancers in Mexico or Argentina to receive payouts quickly at Visa’s 150 million merchant locations."
July 2, 2025
On the web
Ripple Applies for U.S. Banking License, Following Circle's Lead
MSN
"Crypto firm Ripple Labs has applied to become a U.S. bank, joining stablecoin issuer Circle Internet Group in a push to bring digital asset operations under federal oversight, according to a media report published Wednesday. Ripple, the company behind the XRP token, will need approval from the Office of the Comptroller of the Currency to secure a national banking license, the Wall Street Journal reported."
Wise Files to Connect to Fed Payment Rails to Bypass Banking Intermediaries
Capital Brief
"Wise has filed an application to be directly regulated by the US Office of the Comptroller of the Currency to create a national trust bank in the US, Bloomberg reported citing documents. If granted, the charter would allow Wise to connect directly to the payment rails of the Federal Reserve to clear and settle US dollar-based payments."
July 1, 2025
On the web
InComm Payments Picks NCR Atleos for Cardless ATM Cash Pickup
ATM Marketplace
"InComm Payments partnered with NCR Atleos to use its ReadyCode API for cardless cash pickup at more than 23,000 ATMs, according to a press release. Through this partnership, InComm Payment's fintech and banking partners can offer customers a code through their apps to provide the cardless cash pickup. ReadyCode is active at ATMs in more than 40 states."
June 30, 2025
On the wires
Klarna and Bolt Partner to Deliver One-Click Flexible Payments to 80 Million Shoppers in the U.S.
PR Newswire
"Klarna, the global digital bank and flexible payments provider, today announced a strategic partnership with Bolt—the checkout, identity, and payments platform—to integrate Klarna's flexible payment options directly into Bolt's CheckoutOS. With customers increasingly seeking flexible payment solutions tailored to their needs, this integration empowers merchants to deepen engagement and build trust by offering Klarna's payment options directly at checkout."
BILL Delivers Innovation to Transform Payments Experience Between Enterprise Suppliers and SMBs Across Its Growing Network
Business Wire
"BILL, a financial operations platform for small and midsize businesses, today announced the launch of BILL Supplier Payments Plus. This new offering helps large suppliers quickly and efficiently process and reconcile high volumes of payments from thousands of SMBs with greater speed, accuracy and ease–while delivering a more seamless payment experience for the businesses they work with."
FIS and Visa Deepen Their Relationship to Provide Regional and Community Banks With Easier Access to Powerful Payments Capabilities
FIS
"FIS and Visa have expanded their relationship to collaborate on new value-added payment capabilities for financial institutions of all sizes, helping to level the technological playing field for regional and community banks across money in motion."
June 27, 2025
On the web
Here’s Everything New for Apple Wallet in iOS 26
9to5Mac
"Apple Wallet, like every other iOS 26 app, is getting some Liquid Glass UI changes this year. But iOS 26 is also an especially packed update for new features coming to Apple Wallet. Here’s what’s new."
On the wires
Bolt Announces Bolt Connect for Marketplaces and Launches Support for Stablecoin Payments
PR Newswire
"Bolt, the checkout, identity and payments platform, today announced Bolt Connect, a new product designed to help marketplaces onboard merchants faster, streamline operations and scale with fewer resources. Bolt Connect gives marketplace operators a single integration to support one-click merchant onboarding, built-in compliance workflows, and low-fee or no-fee payouts."
June 26, 2025
On the web
Crypto Exchange Kraken Debuts Peer-to-Peer Payments App Krak
Reuters
"Crypto exchange Kraken on Thursday launched a peer-to-peer payments app that enables users to send and receive funds - in both cryptocurrency and fiat currency - across more than a hundred countries. The move is a bid to expand Kraken's offerings beyond its digital asset trading business, and puts the firm in competition with PayPal, Venmo and Block's CashApp."
On the wires
Wirex Launches Institutional-Grade Stablecoin Payments on Fireblocks
PR Newswire
"Wirex is proud to announce that Wirex Pay Chain is now officially supported on Fireblocks, a digital asset and payments infrastructure platform. This integration enables Fireblocks' institutional clients to easily access Wirex Pay's self-custodial stablecoin payment infrastructure, offering a secure and scalable gateway to stablecoin innovation."
Balance and Alibaba.com Partner to Bring Flexible B2B Payments to SMEs Across the United States
Business Wire
"Balance, the AI-powered financial infrastructure platform for B2B commerce, announced today the launch of “Pay Later for Business” on Alibaba.com, an embedded financing solution designed to give U.S. small and medium-sized enterprises greater purchasing power and more control over how and when they pay. With this solution, Alibaba.com’s U.S. business users have the option to access instant credit at checkout, enabling eligible ones to finance purchases."
Big Ten and Big 12 Enter Historic Partnerships With PayPal to Enable Institutional Payments for Student-Athletes in New Revenue Sharing Model
PayPal Newsroom
"PayPal today announced multi-year agreements with the Big Ten and Big 12 Conferences that will modernize the distribution of institutional payments from universities to student-athletes in a new revenue-sharing model. The new institutional payments initiative enables athletic departments to seamlessly dispense payments through PayPal, ensuring a secure, efficient, and transparent way to distribute funds to payees."
June 25, 2025
On the wires
Spreedly Announces Just-In-Time Card Updates for Visa Cards to Reduce Failed Payments
Spreedly
"Spreedly today announced a strategic enhancement to its platform through the integration of Just-In-Time Card Updates for Visa Cards powered by Visa Account Updater. Outdated card details are a key driver of failed payments, particularly in recurring billing or subscription models."
Taco Bell Introduces PayPal and Venmo as New in-App Payment Options with Exclusive 20% Cash Back Summer Offer
PayPal
"Today, PayPal announced it has teamed up with Taco Bell to deliver a fast, secure, and deliciously rewarding way to pay in the Taco Bell app and website. Now, Taco Bell customers can choose to pay with PayPal or Venmo, giving them more choice and rewards while delivering a quick and easy checkout experience."
June 24, 2025
On the wires
Chainlink and Mastercard Partner to Enable Over 3 Billion Cardholders to Purchase Crypto Directly Onchain
PR Newswire
"Chainlink and Mastercard are connecting the offchain payments world directly to the onchain DeFi world in close partnership with zerohash, Swapper Finance, Shift4 Payments, and XSwap, while leveraging the Uniswap protocol."
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