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November 8, 2024

On the web

Central Bank Digital Currency: Progress And Further Considerations

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."

Tencent Joins Visa to Facilitate Palm Payments in Singapore

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."

On the wires

November 7, 2024

On the web

EU Regulators Investigate if Visa, Mastercard Fees Harm Retailers, Document Shows

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.

November 6, 2024

Top Post

On the web

B89 and Pagbrasil Join Forces to Expand Pix in Latin America

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."

One-In-Three Consumers Have Cancelled Subscription Due to Billing Issues

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."

Mastercard, Kenya’s DTB Ink 10 Year Digital Payments Deal

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."

UK Payment Scams Targeted With API-Based Service

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."

On the wires

November 5, 2024

Top Post

On the web

Pix by Proximity Is Introduced; See How It Will Work

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."

Reducing Fraud and Amping up Authorizations: Worldpay and Capital One Share Transaction Data to Optimize Payments

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."

On the wires

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