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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."
J.P. Morgan Payments Expands European Footprint With iDEAL
J.P. Morgan
"J.P. Morgan Payments is expanding its European e-commerce capabilities, providing an integrated, streamlined experience to meet merchant clients’ evolving needs. iDEAL, the leading payments network in the Netherlands, has been added as a payment method at checkout to their global Commerce platform."
Debit Card Interchange Fees Charged to Small Merchants After Regulation II
kansas City Fed
"In this article, Fumiko Hayashi examines whether the prohibitions on exclusivity arrangements and routing limitations helped reduce exempt interchange fees charged to small merchants for in-person debit card transactions. She finds that while some networks reduced these fees for certain merchant categories, other networks either increased or did not change their fees."
March 27, 2025
On the web
How Barclays Is Collaborating To Simplify ISO 20022 Adoption
Swift
"With the November 2025 deadline for payments instructions fast approaching, Barclays shares insights from their ISO 20022 migration journey, adopting the ISO 20022 Rulebook for Payment Initiation Relay, and highlight the importance of collaboration."
Google Pay Statistics 2025: User Base, Market Share, and Innovations
CoinLaw
"In 2025, Google Pay continues to redefine convenience, with millions of users and billions of dollars in transactions worldwide. This article dives into the fascinating statistics behind its widespread adoption and impact."
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."
Splitit Unveils First Fully Embedded White-Label Installment Solution for Shopify Merchants
Splitit
"Splitit announced the launch of its new fully Embedded Shopify App - Splitit Card Installments. This new app provides merchants with an all-in-one service, including credit card processing, while delivering a seamless one-click installment payment experience for consumers, without any redirects or applications."
Navigating the Compounding Complexity of Digital Card Issuing
Stanchion
"The number of virtual cards issued worldwide is growing at an unprecedented pace. Customers expect digital-first card products that work instantly in mobile wallets, faster online transactions and a list of different payment options."
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."
Affirm Inks Deal With J.P. Morgan Payments To Deliver More Flexible, Transparent Payments to Merchants
Business Wire
"Affirm announced that it is deepening its multi-year agreement with J.P. Morgan Payments. The agreement will make Affirm’s solutions available to J.P. Morgan Payments’ network of merchants, enabling U.S. merchants using Commerce Platform to offer Affirm’s flexible and transparent pay-over-time plans at checkout."
March 24, 2025
Top Post
Walmart Partners With JPMorgan To Speed Payments to Online Sellers
Reuters
"JPMorgan Chase and Walmart are partnering to speed up payments for merchants that sell items through the retail giant's website. The pairing will allow merchants on Walmart's marketplace platform to accept and make payments, while managing cash flow using JPMorgan's systems, said Lia Cao, head of embedded finance and solutions at the largest U.S. bank."
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."
Amazon Is Now Charging Processing Fee on Bank Discount Offers: How Much It Is and How It Works [India]
MSN
"Amazon has introduced a Rs 49 processing fee for customers who use Instant Bank Discounts (IBD) of Rs 500 or more, effectively reducing the savings consumers receive through banking partnerships. The fee, which took effect yesterday, applies to all customers including Prime members and is non-refundable even if orders are canceled or returned."
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."
Fiserv Small Business Index™ for April 2024: Sales at Retail and Service Businesses Grow, Discretionary Spend Slows
Business Wire
"Fiserv, Inc. published the Fiserv Small Business Index™ for April 2024. The Fiserv Small Business Index is an indicator of the performance of small businesses in the United States at national, state, and industry levels."
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."
Tink Hits 10,000 Merchant Milestone for Open Banking Payments
Tink
"We are excited to announced that 10,000 merchants have now chosen Pay by Bank via our Payment Service Provider (PSP) partnerships. Tink also recently hit a new €100M peak in a single day for its payment initiation services (PIS) across Europe, marking a tipping point in demand for Pay by Bank."
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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