International Monetary Fund
"The paper briefs the Executive Board on the further considerations on CBDC. These cover the positioning of CBDC in the payments landscape, cyber resilience of the CBDC ecosystem, CBDC adoption, CBDC data use and privacy protection, implications for monetary policy operations, and cross-border payments with retail CBDC."
IBS Intelligence
"Tencent has announced a partnership with Visa to introduce its palm recognition technology for digital payments in international markets. The service will first be rolled out in Singapore, where Visa cardholders from participating banks, including DBS, OCBC, and UOB, will participate in the pilot program."
Electronic Payments International
"Cross-border payments platform dLocal has forged an alliance with Viva Aerobus, a Mexican ultra-low-cost airline. This partnership aims to simplify local payment processing for travelers in Mexico, the USA, and Colombia."
PR Newswire
"Nium, a global infrastructure provider for real-time cross-border payments, today announced a partnership with Ecobank Transnational Incorporated, an independent pan-African financial services group, to enable seamless cross-border payments across 35 African markets for more than 32 million customers."
Consumer Financial Protection Bureau
Today, the Consumer Financial Protection Bureau took action against Navy Federal Credit Union for charging illegal overdraft fees. From 2017 to 2022, Navy Federal charged customers surprise overdraft fees on certain ATM withdrawals and debit card purchases, even when their accounts showed sufficient funds at the time of the transactions.
Ledger Insights
UBS is the latest bank to launch a blockchain-based solution targeted at corporates and institutions. Given there are often delays with crossborder payments, the appeal is the ability to instantly move money between different UBS branches dotted around the world.
Reuters
EU antitrust regulators are investigating whether the fees charged by Visa and Mastercard have a negative impact on retailers, an EU document seen by Reuters showed. The European Commission, which enforces EU competition rules, sent questionnaires about both Visa and Mastercard to retailers and payment service providers in September, giving them until October to respond.
PR Newswire
"As payments become more intricate, Mastercard announced the latest enhancement to its new Mastercard Payment Passkey Service which enables secure, on-device biometric authentication through facial scans or fingerprints, the same way consumers unlock their phones every day."
IBS Intelligence
"Nium, the global infrastructure for real-time cross-border payments, has announced a partnership with Partior , the blockchain-based FinTech for clearing and settlement, at the Singapore FinTech Festival 2024."
BankservAfrica
"To meet the evolving needs of its customers, FNB has partnered with BankservAfrica for its Transactions Cleared on an Immediate Basis system. This solution will process low value payments within the Common Monetary Area of South Africa, Namibia, Lesotho and eSwatini immediately."
PR Newswire
"Visa, a global leader in digital payments, announced collaborations with QR payment providers to allow consumers to use their digital wallets to scan and pay at point-of-sale QR when they travel abroad. The pilot program will begin in Singapore, with more to be rolled out across the region in the coming year."
Yahoo Finance
"B89, a Peruvian fintech company, has announced that it is partnering with PagBrasil, a pioneer in developing cross-border global solutions for Pix. This collaboration will allow B89 to offer Pix International to merchants outside Brazil including Panama, Colombia, Peru, Bolivia, Paraguay, Venezuela and Ecuador."
Chain Store Age
"Payment issues are the number one reason for consumers canceling their subscription service. That’s according to new data from payment processing platform Solidgate, which revealed that one-in-four consumers surveyed have had upsetting unexpected charges from a subscription service, and 80% wouldn't recommend a subscription service to a friend if they had trouble canceling it."
JPMorgan
"For nearly a decade, J.P. Morgan has been at the forefront of innovation in financial services. At the Singapore Fintech Festival, Umar Farooq, co-head of J.P. Morgan Payments, announced that Onyx is now Kinexys by J.P. Morgan—the next chapter for our blockchain business unit."
Digital Transactions
"More than a year after spinning off a majority interest in the massive Worldpay merchant-processing platform, FIS Inc.’s top brass said early Monday the move is already paying off. And the company is revving up its acquisition engine again, with $1 billion committed to do deals this year."
Mastercard
"TheFork and Mastercard have forged a multi-year partnership to elevate the dining experience for Mastercard cardholders. Cardholders in Europe and those traveling to the region will have always-on access to reservations and a selection of exclusive, culinary-centered Priceless Experiences through priceless.com and TheFork platform."
ITWeb Africa
"MasterCard and Diamond Trust Bank (DTB) have reached a 10-year agreement to provide tailored digital payment solutions in Kenya, Uganda, and Tanzania. The partnership will focus on providing innovative, secure, and convenient payment solutions, such as customized card products and advanced transfer services for peer-to-peer, business-to-business, and person-to-business transactions."
Checkout
"Checkout.com announced a new partnership with insurance technology leader, Sure, to improve the digital experience for consumers accessing insurance products, by boosting payments performance."
Mobile World Live
"Industry associations the GSMA and UK Finance outlined the ability of an API-delivered platform to battle authorised push payment fraud in the UK, a service developed in collaboration with local mobile operators and banks."
Business Wire
"Blackhawk Network has partnered with Visa Inc. and Mastercard to bring the speed, convenience and security of an eGift into physical retail stores with the launch of Visa® eGift and Mastercard® eGift. The patented, tamper-evident gift carrier does not have a card inside."
Mastercard
"Mastercard launched Mastercard Pay Local, a global service that seamlessly connects consumers and merchants by allowing consumers to make card-based payments using local digital wallets."
eBay Inc.
"The online marketplace eBay is introducing a new payment option in Germany. eBay shoppers can now use the “monthly invoice” and pay for their monthly purchases in a single invoice they receive on the first calendar day of the month."
BIS
"In over 70 countries today domestic payments reach their destination in seconds at near-zero cost to the sender or recipient. This is thanks to the growing availability of instant payment systems (IPS). Connecting these IPS to each other can enable cross-border payments from Sender to Recipient within 60 seconds (in most cases)."
European Central Bank
"As part of the preparations for the possible issuance of a digital euro, the ECB is establishing an innovation platform to collaborate with stakeholders. These may include small and large merchants, banks, other payment service providers, fintech companies, financial institutions, research institutes, technical experts and universities."
Valor Investe
"The presentation of Pix by approximation was made in São Paulo. Fábio Coelho, president of Google Brazil, and the president of the Central Bank (BC), Roberto Campos Neto detailed the functionality that arrives first for users of Google's digital wallets and for all Pix users in February 2025. Payments will be made by placing the cell phone near the payment terminal (card machine), using bank accounts previously integrated with Google Wallet."
Worldpay
"Worldpay® and Capital One have joined forces in a new collaboration to optimize payment fraud decisioning and enhance payment security and efficiency with a data sharing agreement. Merchants enrolled in Worldpay’s flagship fraud detection and prevention solution, FraudSight™, will automatically receive the benefits when accepting a payment made using a card issued by Capital One."
Business Wire
"In a significant move to strengthen its retail cross-border payments offering, leading global bank Standard Chartered has announced a partnership with Wise Platform, Wise’s global payments infrastructure for banks, to power faster and cheaper international payments for the bank’s cross-border payment service, SC Remit."
Finance Feeds
"Ingenico has teamed up with Crypto.com to deliver a new crypto payment option to Ingenico’s merchant network worldwide. This innovative “plug-and-play” solution allows merchants to accept secure crypto payments, reaching over 680 million consumers around the world."
Reuters
"Peer-to-peer payments platform Zelle is shifting users away from its stand-alone mobile app in favor of using the platform via banking apps, Zelle's parent company said on Thursday."
Morningstar
"Fintech company's forecast falls short of prior guidance as some customers move to in-house solutions and others react to heightened banking regulations"