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..."
Fintech Finance
"Responding to the ever-growing need to move money seamlessly, 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."
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."
Breaking The News
"Bank of England (BoE) Deputy Governor for Financial Stability Sarah Breeden repeated on Monday that the BoE has not yet decided on issuing a central bank digital currency (CBDC). She added the bank will take into account the evolution of the use of cash in retail, stating that the use of cash in retail transactions in the United Kingdom in 2022 was only 14%."
Economy Middle East
"Instant payments are processed in real-time, 24 hours a day, 365 days a year, with funds made available within seconds...Moreover, they will require re-engineering of their entire processes, including fraud detection, sanctions screening and anti-money laundering checks to comply with strict SLA terms."
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."
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."
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."
Nikkei Asia
"Efforts are underway between Japan and other Asian countries to allow mutual access and use of QR code payment services that are popular in their own countries."
The News Minute
"Industry experts welcomed the move by the Reserve Bank of India (RBI) to permit the use of third-party UPI apps for making digital payments from prepaid payment instruments (PPI) wallets."
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."
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."
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."
NFCW
"The Bank of China is conducting a pilot in the city of Shenzhen of a new service that makes it possible for merchants to accept contactless digital currency payments on standard NFC mobile phones."
PR Newswire
"ShiftCents, Inc. aka BankShift announced in the realm of embedded banking the attainment of a patent-pending status for its Brand On Banking technology."
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."
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."
Thomson Reuters Institute
"In the United Kingdom, the mandatory reimbursement requirement for authorized push payment (APP) fraud comes into force on Oct. 7. Announced by the Payment Services Regulator (PSR) on June 7, 2023, the new rules will require UK payment service providers to reimburse all in-scope customers who fall victim to APP fraud, save for limited exceptions."
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
"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."
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."
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."
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
"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."
EBACLEARING
"EBA CLEARING announced that it will provide its service users with Verification of Payee at a pan-European level as from December 2024...With the delivery of Verification of Payee, the Company will support payment service providers (PSPs) in offering IBAN/name matching services to their customers for their SEPA transactions."
BIS
"As the stablecoin market continues to evolve in its quest to offer a means of payment, national and international regulatory bodies are responding to these developments by implementing a comprehensive suite of measures aimed at mitigating the risks associated with stablecoin issuance."
Spreedly
"Spreedly has been selected as the platform of choice to enable mobile wallet transactions for restaurant brands that use Olo a leading hospitality SaaS platform that enables its customers to build digital ordering, payment, and engagement experiences with a flexible open ecosystem of over 300 partners."
PR Newswire
"Centrobill announces the integration of the Unified Payments Interface (UPI) for the Indian market...Centrobill's adoption of UPI signifies its commitment to providing state-of-the-art payment technologies that streamline transactions for businesses and their customers alike."
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."
Business Wire
"Everyware unveiled its advanced Identity Verification Solutions suite designed to combat rising payments fraud and bolster customer confidence."