Industry

Tech Groups Sue US CFPB to Block Rule on Payment Apps, Digital Wallets

Reuters

"Two technology trade groups {NetChoice and TechNet } sued the U.S. Consumer Financial Protection Bureau on Thursday to block a new rule giving the regulator supervisory authority over payment apps and digital wallets from large non-banks."

Industry

U.S. Faster Payments Council Unveils Comprehensive Guideline for Instant Payment Sending Capabilities

Faster Payments Council

"The U.S. Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, released the latest guideline from the FPC Operational Considerations Work Group: Operational Considerations for Instant Payments Send-Side Primer."

Industry

The Instant Payments Experience — What Does It Look Like?

Matera

"Star One Credit Union, one of Silicon Valley’s largest member-owned financial institutions has over 123,000 members worldwide and over $10 billion in assets. Within just several months after launching the instant payment service, Star One members transferred over $1.1 million and conducted over 900 FedNow transactions."

Industry

NPCI Issues Clarification on ‘Jumped Deposit Scam.’ 3 Key Things to Know

MSN

"As digital payments revolutionise India, fraudsters are devising new tactics to exploit unsuspecting users. The latest concern, dubbed the 'Jumped Deposit Scam,' has sparked fears amongst Unified Payments Interface (UPI) users. However, the National Payments Corporation of India (NPCI) has assured users of UPI's robust security and clarified misconceptions surrounding the alleged scam."

Industry

AIsa Unveils Groundbreaking Payment Network for the Trillion-Dollar AI Economy

GlobeNewswire News Room

"AIsa combines the speed of the Lightning Network with the stability of multi-asset stablecoins to deliver an AI-native payment solution. Designed to process transactions as small as $0.0001, AIsa enables instant settlements with near-zero fees. Key features include..."

Industry

The Use and Disuse of Fintech Credit: When Buy-Now-Pay-Later Meets Credit Reporting

BIS

"Non-bank lenders that use innovative technologies to improve the delivery of financial services have significantly promoted financial inclusion. However, these fintech lenders often do not share information about their lending with other creditors."

Industry

FV Bank Adds PayPal’s PYUSD Stablecoin to Direct Deposit and Outbound Payment Options with Real-Time USD Conversion

Business Wire

"FV Bank, the U.S. licensed digital bank offering a vertically integrated suite of traditional and digital asset banking and custody services, announced the expansion of its stablecoin capabilities with the integration of PayPal USD (PYUSD) for direct deposits and outbound payments."

Industry

Treasury4 Launches Payments4, Redefining Corporate Treasury Payments

Business Wire

"Treasury4, an enterprise software platform delivering modern tools for treasury and finance practitioners, today announced the launch of it innovative Payments4 module tailored specifically for the unique requirements of treasury and finance teams."

Industry

B2C Embedded Payments Are a Crowd Favorite, but What Does the B2B Landscape Look Like in 2025?

Tearsheet

"Embedded payments are becoming a staple in the B2C world, and more businesses are also jumping on board, aiming to streamline and automate processes from payroll (automated invoicing) to procurement (trade credit)."

Industry

Payment Card Fraud Losses Approach $34 Billion

GlobeNewswire News Room

"Payment card fraud losses worldwide reached $33.83 billion in 2023, according to the Nilson Report, the leading trade publication covering the global payment card industry. This marks a small increase in fraud losses worldwide from $33.45 billion worldwide in 2022."

Industry

New Study Finds Durbin-Marshall Credit Card Bill Could Cost U.S. Economy $227 Billion, 156K Jobs

Business Wire

"New data by leading global economic forecaster Oxford Economics Research shows that the Durbin-Marshall credit card bill introduced in 2023 could create an economic slowdown causing top U.S. destination markets to suffer substantial consumer spending and job losses, putting local economies at risk of another downturn in the wake of the COVID pandemic."

Industry

IAB, Others Press Court To Scrap Click-To-Cancel

Media Post

"The Interactive Advertising Bureau, Michigan Press Association, cable lobby and other business groups say their members will face “extensively documented, irreparable harms,” if the Federal Trade Commission's new click-to-cancel rule takes effect. The regulations will take effect January 19, unless blocked in court."

Industry

Elite Acquires Tranch, a Leading B2B Payments Platform, to Transform Billing and Payment Processes for Law Firms

Business Wire

"Elite, a leading provider of financial management and business operations solutions to the world’s most successful law firms, today announced its acquisition of Tranch, a leading B2B invoice automation and payments platform offering seamless invoice management and turnkey payment options for law firms and their clients."

Industry

Astropay Unveils Multicurrency Wallet to Simplify Cross-Border Finance

IBS Intelligence

"London-based AstroPay has launched its multicurrency wallet, a financial tool to simplify how users manage money across borders. The wallet enables individuals to hold, exchange, and transact in multiple currencies through a single secure app."

Industry

Open Banking Solutions Launches Tailored Digital Services for Community-Based Financial Institutions

Morningstar

"Black Dragon Capital℠ has launched Open Banking Solutions (OBS), a comprehensive suite of cloud-based digital services designed to support community-based financial institutions."

Industry

‘Pig Butchering’ Victim Sues Asian Banks for $1 Million Crypto Fraud

BeInCrypto

"Ken Liem alleges three Asian banks neglected basic KYC and AML checks, enabling a $1 million "pig butchering" crypto scam. The lawsuit claims banks violated the U.S. Bank Secrecy Act by failing to flag suspicious activities and illicit fund transfers."

Industry

‘Pig Butchering’ Scam: How China’s ‘Broken Tooth’ Stole Over $75 BN From Global Investors Using Crypto Currencies

MSN

"A cybercrime epidemic known as pig butchering has stolen billions from victims worldwide, exploiting vulnerabilities heightened by the Covid-19 pandemic. These schemes, involving fake investment platforms and emotional manipulation, have been linked to human trafficking networks in Southeast Asia."

Industry

Payments Leaders Talk About a U.S. Catch-Up, SMB Expectations and What’s Next

BAI

"With 2025 looming, BAI checked in with thought leaders focused on the fast-evolving payments space. The past year also marked the one-year anniversary for FedNow and continued growth The Clearing House RTP payments rails."

Industry

Fraud Evolution, AI Takeover, and Borderless Banking: What to Expect in 2025

IBS Intelligence

"The FinTech landscape in 2025 is poised for significant transformation, driven by evolving fraud tactics, advancements in AI, regulatory shifts, and increasing consumer demands. Industry leaders are preparing to address these dynamic challenges and seize opportunities that lie ahead."

Industry

Open Payment Network Acquires ExcheQ Instant Payment App from North American Banking Company

Open Payment Network

"Open Payment Network announced that it has acquired ExcheQ, a payment application from North American Banking Company that gives financial institutions an easy to use instant payment app to offer their customers. ExcheQ provides the capability of sending and receiving instant payments using FedNow Service and TCH-RTP network."

Industry

Plaid Reveals the US Institutions Most Prepared for Open Banking

Open Banking Expo

"Financial institutions in the US have reported differing levels of readiness ahead of new Open Banking regulatory requirements, with executives from the largest banks the most confident in their institution’s regulatory preparedness, according to new research by Plaid."

Industry

Buy Now, Suffer Later

The Lever

"Klarna, a Swedish lending technology firm, boasts 85 million users worldwide, making it one of the biggest companies in a burgeoning industry called “buy now, pay later,” or BNPL, which allows consumers to make purchases in interest-free installments. The payment plans boomed during the pandemic as lockdowns pushed millions toward online shopping."

Industry

CARD.com Corporation Announces Collaboration with Visa for Visa Direct Cross-Border Payments

PR Newswire

"This agreement brings expanded access to global, fast, and secure payment options for CARD.com's customers, aligning with its mission to deliver innovative financial solutions for its B2C and B2B White Label customers."

Industry

Mastercard’s 10 Top Payments Trends for 2025 — and Beyond

Electronic Payments International

"It’s never been a more exciting time for payments as continued advances in tech usher more people and businesses into the digital economy, driving demand for trusted interactions and raising the bar for simplicity and seamlessness."

Industry

Whitebit and Visa Launch the First-Ever Debit Card for Crypto Payments With Cashback for All Users [Lithuania]

GlobeNewswire News Room

"The WhiteBIT Nova card allows EU residents to start spending cryptocurrencies, with no deposit required, and get up to 10% cashback as a standard feature for all users. WhiteBIT, one of the largest European cryptocurrency exchanges, has partnered with Visa payment system and PSP provider to introduce the first debit card that enables crypto transactions with cashback benefits."

Industry

Average U.S. Household Pays $1,495 a Year in Hidden Costs Associated With Paying Bills, up 18% Year over Year

Business Wire

"A new report released today by doxo found that hidden costs associated with paying bills amount to $196 billion annually, averaging $1,495 per household. Each year U.S. households spend over $4.46 trillion on household bills ($3.35 trillion on the 10 most commonly recurring bills)."

Industry

Circle and Binance Enter Into a Strategic Partnership That Will Accelerate Global USDC and Crypto Adoption

Business Wire

"Crypto industry giants Circle Internet Group Inc. and Binance have joined forces in a new strategic partnership announced at Abu Dhabi Finance Week that will expand adoption of USDC and support the development of the global digital assets and broader financial services ecosystem."

Industry

European Airline Ryanair Partners With Truelayer to Offer Pay by Bank

Open Banking Expo

"Europe’s largest airline group Ryanair has partnered with Open Banking payments network TrueLayer to introduce Pay by Bank at checkout. Ryanair’s customers can now choose ‘Pay by Bank App’ when booking flights and, in doing so, experience faster, more secure and “seamless” payments."

Industry

Apple Pay Finally Has an Alternative on the iPhone, and It’s a Big Deal

Digital Trends

"The General Data Protection Regulation (GDPR) has forced a lot of companies to change their practices in order to comply with these guidelines. While the GDPR is a European-focused set of rules, consumers all over the world have seen beneficial side effects."

Industry

Citi, JP Morgan, Others Complete Tokenization Settlement Trials

Ledger Insights

"Ten institutions completed simulated trials of the Regulated Settlement Network (RSN), exploring the use of a shared DLT network to settle tokenized transactions. It was an extension of previous trials of the Regulated Liability Network conducted last year, which included tokenized commercial bank money and tokenized central bank money on the same network."