A leading payments industry news source for more than 17 years. Glenbrook curates the news and keeps you abreast of the important daily headlines in payments.
Search Payments News
April 17, 2024
On the web
MIT, German Central Bank Will Research CBDC Privacy in New Project
Cointelegraph
"The Deutsche Bundesbank is the latest monetary authority to team up with the Massachusetts Institute of Technology (MIT) Digital Currency Initiative (DCI) to study central bank digital currency (CBDC)...the joint research will focus on designing security and privacy measures in a CBDC."
New and Improved Klarna Card Announced in the US, Empowering Smarter Spending and Greater Financial Control
Klarna
"Klarna, the AI powered global payments network and shopping assistant, announced it has opened its waitlist for the new Klarna Card to all US consumers."
TokenEx and IXOPAY to Merge, Enabling Merchants to Optimize the Use of Multiple Payment Processors
GlobeNewswire News Room
"TokenEx, the leading cloud tokenization provider, and IXOPAY, the leading independent payments orchestration platform, announced their definitive agreement to merge, creating a new leader in global payments optimization. The combined company will be called IXOPAY."
Codat and JPMorgan Partner to Promote Adoption of Virtual Card
IBS Intelligence
"Codat has launched its new Supplier Enablement data product enabling businesses to share their spending and supplier data from ERP systems and accounting software. Card issuers can access the right data to recruit suppliers to accept virtual card payments instead of checks."
Visa Reimagines Payment Acceptance for the ‘Click-and-Mortar' Era
Visa
"Visa is offering sellers expansive, simplified services to keep pace with demands. Visa’s latest enhancements support merchants of all sizes with new and improved commerce experiences including: Improved access to and ease of integration with partners; A reimagined small and medium-sized (SMB) business platform; Growing mobile acceptance, without additional hardware."
Emagia Launches GiaPay AI-powered B2B Customer Payments Platform For Global Enterprises
Emagia™
"Emagia announced GiaPay, an AI-powered B2B payments orchestration solution designed for the modern B2B payments needs of global enterprises."
URBN Partners With Stripe to Power Online and In-Person Retail Payments
Stripe
"Stripe announced a partnership with URBN to power online and in-person retail payments for Urban Outfitters, Anthropologie Group, Free People, and FP Movement."
Interac Acquires the Exclusive Canadian Rights to Use Toronto-Based Vouchr Platform
Interac
"Interac Corp. announced it has entered into a strategic transaction to acquire the exclusive Canadian rights to use Toronto-based Vouchr Ltd. engagement platform which enables users to send and receive personalized multi-media notifications along with their money transfers."
Mastercard and Onafriq Partner to Increase Accessibility to Financial Services Across Africa’s Payment Ecosystem
Onafriq
"Mastercard and Onafriq (previously MFS Africa), a pan-African payments company, have partnered to bring secure, cost-effective, and innovative payment options to consumers as well as small and medium enterprises (SME) across the continent."
April 16, 2024
On the web
Mastercard and Fintech Vopay Enter Strategic Partnership to Empower Canadians to Move Money Quickly and Securely With Mastercard Move
Mastercard
"Mastercard and VoPay announced a strategic partnership that will offer choice, simplicity and efficiency for near-real-time money movement in Canada and internationally for businesses and consumers."
On the wires
TNS Launches Complete Commerce - an End-to-End Payments Solutions Stack
Business Wire
"Transaction Network Services (TNS) has launched Complete Commerce – a full-stack, modern and secure payment and network capability. The solution leverages TNS’ Accept, Connect and Orchestrate payment portfolios to deliver a unique, single partner enterprise capability for running mission critical payments infrastructure."
Worldline Announces Partnership With Risk Expert Riskquest BV to Provide Best-In-Class Credit Checking
Business Wire
"Worldline has signed a partnership agreement with the leading risk consultancy firm in the Netherlands RiskQuest BV, part of the Zanders Group, to provide best-in-class credit check processes specific to the Dutch market."
April 15, 2024
Top Post
Has Your Board Discussed Your Wire-Transfer Strategy?
Atlanta Fed
"On June 27, 2022, the Board of Governors of the Federal Reserve System announced that the Federal Reserve Banks will adopt the ISO 20022 message format for the Fedwire Funds Service in a single-day implementation strategy on March 10, 2025...Preparing a financial institution's wire systems for ISO 20022 calls for an inventory and upgrade of the systems that support wire operations. These systems include..."
On the web
Valid Systems’ Innovation Lab Is Thrilled to Announce a Recent Patent Awarded for Our Groundbreaking Accelerated Instant Check Payment and Real-Time Loss Alerts Technology
prnewswire
"Valid Systems' Innovation Lab announced a recent patent awarded for their groundbreaking Accelerated Instant Check Payment and Real-time Loss Alerts technology..this innovative machine learning technology revolutionizes the way consumers access funds by offering retroactive access and retrieval of immediate funds."
April 12, 2024
Top Post
Financial Stability Implications of CBDC
Federal Reserve
"A Central Bank Digital Currency (CBDC) is a form of digital money that is denominated in the national unit of account and constitutes a direct liability of the central bank. We examine the financial stability risks and benefits of issuing a CBDC under different design options."
On the web
The Danish Cross-Border Payments Provider Has Increased Annual Revenues by 23% to €60M
Fintech Intel
"Inpay, the Danish cross-border payments provider announced strong annual results for 2023...In 2023, Inpay integrated 18 new local markets into its cross-border payments offering."
Nubank Ultravioleta Enters the Travel Segment With the Launch of Global Account for Customers
Nu International
"Nubank Ultravioleta, the exclusive experience for high-income Nubank customers, announces its entry into the travel segment with the pre-launch of its Global Account, in partnership with Wise Platform, Wise’s market-leading global infrastructure solution for banks and large companies."
Verituity Joins Forces With Mastercard to Accelerate Secure Domestic and Cross-Border Payouts
Verituity
"Verituity announced the integration of Mastercard Move, Mastercard’s portfolio of domestic and international money transfer solutions, into its payments platform, enabling near real-time payouts for commercial banks and payers."
Mastercard, Bank Team up to Ease Cross-Border Money Transfer [Kenya]
IPP Media
"Mastercard and Equity Bank have announced a strategic collaboration that will enable the bank’s customers to send money safely and securely to 30 countries marking a significant milestone for cross-border financial transactions in Kenya."
On the wires
HighRadius Launches B2B Payments To Reduce Payment Processing Fees By Up to 90%
Business Wire
"HighRadius, a provider of Autonomous Finance software for Order-to-Cash, Treasury, and Record-to-Report, announced the launch of their B2B payments platform to improve payment processes across 100+ payment methods globally encompassing a trio of essential products: Payment Gateway, Surcharge Management, and Interchange Fee Optimizer, all seamlessly integrated to elevate financial efficiency."
April 11, 2024
On the wires
Toast Expands Commitment to Enterprise Brands with Launch of Restaurant Management Suite
Business Wire
"Toast announced the launch of its new Restaurant Management Suite providing enterprise brands with the data and insights, control and support, and integrations they need to better manage their businesses."
April 10, 2024
Top Post
CHIPS® Network Successfully Migrates to ISO 20022 Message Format
The Clearing House
"The CHIPS® network, the largest private-sector high-value clearing and settlement system in the world, which is operated by The Clearing House, successfully migrated to the ISO 20022 message format on the April 8 banking day."
On the web
Brazil’s BV Bank Testing Car Sales as Part of DREX CBDC Pilot
Ledger Insights
Brazil’s BV Bank is involved in one of 16 pilots for Brazil’s wholesale central bank digital currency (CBDC), DREX. It recently shared details about its use case to enable delivery versus payment settlement when buying a car.
Airwallex Rolls Out Borderless Visa Cards in Canada, Giving Canadian Businesses a Streamlined Approach to Global Expense Management
Airwallex
"Airwallex introduced the Airwallex Borderless Visa® Card in Canada. The virtual card is issued by Peoples Trust Company and enables Canadian businesses to easily make payments around the world, everywhere Visa is accepted."
On the wires
Wirex Reveals Plan for Decentralised Governance in Upcoming Web3 Payment Network WPay
PR Newswire
"Wirex, a leading Web3 money app, is taking a big step towards decentralisation by announcing its plans to create a Decentralised Autonomous Organisation (DAO) for its innovative payment platform, WPay."
April 9, 2024
Top Post
MAS and Mastercard Sign MoU to Enhance Cooperation in Cybersecurity
Mastercard
"The Monetary Authority of Singapore and Mastercard signed a Memorandum of Understanding to enhance cooperation in cybersecurity, with the aim to strengthen cyber resilience in the financial services sector in Singapore."
On the web
Adyen Finds the Global Retail Sector Lost $429 Billion to Payments Fraud Last Year
Adyen
"Adyen has published new research revealing the billions the global retail sector loses to fraudulent activity annually...Of those consumers who fell victim to payments fraud in 2023, $808.42 was the average amount lost per person globally – an increase of 234% when Adyen last conducted the survey in 2023."
dLocal and Papaya Global Forge Partnership to Support Complete Workforce Payments Globally
dLocal
"dLocal announced its strategic partnership with payroll and payments platform Papaya Global joining forces to enable companies to easily handle workforce payments globally, including across emerging markets."
On the wires
Ant Group Launches Partnership on International Consumer Friendly Zones Program in China, Partnering With Global E-wallets, Card Organizations
Business Wire
"Ant Group, along with 11 overseas payment partners of Alipay+ and major international card organizations, launched in Beijing a nationwide Program to build International Consumer Friendly Zones across major Chinese tourist and commercial cities, with the support of relevant authorities and local governments."
Everyware Launches Comprehensive Suite of Identity Verification Solutions to Transform Customer Security
Business Wire
"Everyware unveiled its advanced Identity Verification Solutions suite designed to combat rising payments fraud and bolster customer confidence."
Payments News
Give us your email address or link to our RSS feed and we’ll push the daily Payments News headlines to you.
Top Stories from Payments News
Glenbrook Payments Boot camp®
Register for the next Glenbrook Payments Boot Camp®
An intensive and comprehensive overview of the payments industry.
Train your Team
Customized, private Payments Boot Camps tailored to meet your team’s unique needs.
OnDemand Modules
Recorded, one-hour videos covering a broad array of payments concepts.
Glenbrook Press
Comprehensive books that detail the systems and innovations shaping the payments industry.