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January 15, 2025
On the web
MagTek's Magensa Cloud Services Debuts Robust eCommerce Solution with PAAY Partnership
MagTek
"MagTek unveiled Magensa Cloud Service eCommerce solutions with PAAY, a leader in consumer transaction authentication. Magensa's payment expertise expands beyond card-present into card-not-present online transactions."
January 14, 2025
Top Post
Many Small Businesses Add Card Payment Surcharges to Customer Purchases as Point-of-Sale Payment Methods Proliferate, J.D. Power Finds
Business Wire
"Small business owners are less optimistic than they were a year ago and, as they accept a wider variety of payment methods such as debit and credit cards, digital wallets, Buy Now, Pay Later (BNPL) and even cryptocurrency, many are applying surcharges to customer purchases. According to the J.D. Power 2025 U.S. Merchant Services Satisfaction Study,℠ released today, 34% of merchants are adding surcharges for customer purchases made using credit cards."
On the web
Klarna Is Now Available to Millions of New Businesses, in Strengthened Partnership With Stripe
Klarna
"Klarna has strengthened its global partnership with Stripe, a financial infrastructure platform for businesses. Stripe-powered businesses in 25 countries can now instantly offer Klarna to their customers."
CFPB Proposes to Include Virtual Currency Transactions Under the EFTA
Goodwin Law
"The Consumer Financial Protection Bureau (CFPB) issued a proposed interpretive rule that, if finalized as written, would bring certain virtual currency products and services, such as stablecoins and digital wallets, within the scope of the Electronic Funds Transfer Act (EFTA) and Regulation E."
Unmasking Vulnerabilities: Tackling APP Scams in India’s Rapidly Evolving Digital Payment Landscape
CXOToday
CXOToday has engaged in an exclusive interview with Ankur Saxena – Senior Director and Head of Sales, South Asia & Middle East (UAE & Oman) at ACI Worldwide.
Square partners with Salt Edge to offer open banking capabilities to UK-based SMEs
Salt Edge
"Square has partnered with Salt Edge, a leading open banking platform, to help streamline and simplify payment operations for sellers in the UK."
CFPB Research Reveals Heavy Buy Now, Pay Later Use Among Borrowers with High Credit Balances and Multiple Pay-in-Four Loans
Consumer Financial Protection Bureau
"More than 60 percent of users had simultaneous loans, borrowers held higher balances on other credit lines, and most loans went to consumers with subprime or lower credit scores"
Brazil’s Nubank Partners With Convenience Store Oxxo to Expand in Mexico
Reuters
"Brazilian digital lender Nubank has signed an agreement with Mexican convenience store chain Oxxo, run by FEMSA, to expand its cash deposit and withdrawal network in the North American country, the firms announced on Monday."
Hong Kong FPS to Enable Small Cross-Border Payments with Mainland China by Mid-2025
Fintech Hong Kong
"The Hong Kong Monetary Authority (HKMA) has announced plans to connect the Hong Kong FPS with mainland China’s Internet Banking Payment System (IBPS) this year, enabling small cross-border transactions using mobile phone numbers."
Here a Coin, There a Coin, Everywhere a Stablecoin
Atlanta Fed
"Cryptocurrencies have been around for over a decade, yet the way they operate, their value, and their impact on traditional payments remains puzzling—even to me. While Bitcoin and Ethereum dominate the headlines, stablecoins are quietly becoming a significant part of our daily lives."
XTransfer Officially Receives MPI License from the Monetary Authority of Singapore
PR Newswire
"XTransfer, the World's Leading & China's No.1 B2B Cross-Border Trade Payment Platform, was granted the Major Payment Institution (MPI) License under the Payment Services Act 2019 by the Monetary Authority of Singapore (MAS). This significant milestone strengthens XTransfer's leading position in the B2B cross-border payments industry."
On the wires
Sezzle Unveils Money IQ: An Interactive Rewards Program Promoting Financial Education
GlobeNewswire News Room
"Sezzle leads the industry as the first BNPL to launch an in-app financial education product, designed to reward users for learning"
January 13, 2025
Top Post
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."
On the web
UK Open Banking Turns Seven – Industry Reaction
Electronic Payments International
"There are now over 11.7 million active users of open banking-enabled products in the UK and 2025 is set to be a pivotal year for the industry, with the passing of key legislation."
J.P. Morgan Payments Opts for Proprietary POS Terminals
Digital Transactions
"J.P. Morgan Payments is blazing its own path with two new payment terminals, both proprietary to the payment service. Announced Monday, the J.P. Morgan Paypad and Pinpad integrate in-store biometric authentication with payment acceptance."
Number of Websites That Have Alipay as a Digital Payments Solution Across Various Countries and Territories
Statista
"Alipay was available as a payment check-out option on 11,000 more websites from China than on websites that originated from the United States."
Skyrocketing RTP® Network Growth Sets Stage for 2025
The Clearing House
More consumers and businesses than ever before benefited from real-time payments on the RTP® network in 2024, operated by The Clearing House. In 2024, payment value on the network jumped 94% from the previous year, logging in at $246 billion, while volume surged 38% to 343 million transactions.
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..."
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."
IXOPAY and Riskified Announce Partnership to Boost Fraud Prevention and Enhance Enterprise Payment Orchestration
Accesswire Newsroom
"IXOPAY, a leading enterprise payment orchestration platform, and Riskified, a leader in ecommerce fraud and risk intelligence, announced a strategic partnership to enhance payment security, reduce fraud challenges and increase payment operation resilience."
The European Instant Payments Regulation (IPR): A Game Changer for Fintech Startups?
EU-Startups
"The European Instant Payments Regulation (IPR), formally known as Regulation (EU) 2024/886, represents an important step ahead for the EU’s payments ecosystem. By requiring Payment Service Providers (PSPs) to offer instant credit transfers in euros under clear and fair conditions, the IPR accelerates Europe’s shift toward real-time payments. Key Aspects of the IPR are detailed."
On the wires
Voice AI Comes to Payments
PR Newswire
"iWallet announced the introduction of Voice AI to payments. iWallet is the first in the world to launch a PCI-compliant TO (Telephone Order) AI-based system that uses voice instead of manual DTMF signal entry, providing a smoother user experience and enhanced security by eliminating potential errors and reducing fraud risks associated with manual input."
January 10, 2025
On the web
CFPB Seeks Input on Digital Payment Privacy and Consumer Protections
Consumer Financial Protection Bureau
"The CFPB announced that it is seeking public input on strengthening privacy protections and preventing harmful surveillance in digital payments, particularly those offered through large technology platforms."
Startup Payface Allows Fashion Shoppers in Rio to Use Biometrics to Pay
Biometric Update
"Payface is partnering with Brazilian fashion retailer Nalin as customers who have a Lojas Nalin card will be able to use face biometrics to make their purchases."
India’s Digital Payments Strategy Is Cutting Out Visa and Mastercard
TechCrunch
"Regulators around the world are notching up scrutiny on Visa and Mastercard over the fees they charge merchants, but India has chosen a different path: Creating rival payment networks that are increasingly sidelining international card networks."
Mastercard Crypto Credential Launches in the UAE and Kazakhstan, Simplifying Cryptocurrency Transactions
Mastercard
"Mastercard has introduced the latest expansion of its innovative Mastercard Crypto Credential solution to the UAE and Kazakhstan, marking its debut in the Eastern Europe, Middle East and Africa (EEMEA) region."
January 9, 2025
Top Post
India Delays UPI Market Share Cap Deadline by 2 Years
CoinGeek
The National Payments Corporation of India (NPCI) has postponed the implementation of the market share cap for the Unified Payments Interface (UPI), extending the deadline by another two years. According to NPCI’s compliance mandate, digital payment firms were not to exceed a 30% share of the transaction volume processed through India’s UPI. Initially set to take effect by the end of 2024, this mandate will now be enforced starting December 2026.
On the web
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."
Introducing Adyen Uplift: The Payment Solution Optimizing Every Transaction With AI
Adyen
"Adyen announced the launch of Adyen Uplift. The AI-powered payment optimization suite will help businesses increase payment conversion, simplify fraud management, and reduce the cost of payments. It has been piloted by 60 enterprise businesses, including Patagonia, On, Indeed, NordSecurity, and Fubo, with AI helping businesses increase payment conversion rates by up to 6% compared to legacy implementations."
On the wires
Verifone Unveils New Payment Device Portfolio and Innovations to Revolutionize Commerce
GlobeNewswire News Room
"Verifone announced its new Verifone Victa payment devices with a softPOS solution called Verifone Tap. The new Verifone Victa portfolio covers use-cases from mobile, to multilane, to companion devices. The new Verifone Tap SoftPOS solution allows businesses to take payments on commercially available smart devices equipped with Tap to Pay (NFC)."
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