ABA Banking Journal
"Banks face challenges with maximizing their APIs as rapid adoption outpaces control measures."
Reuters
"Brazil's central bank said a new feature for its popular Pix instant payment system aimed at automatically paying recurring bills will be launched next June instead of this October, as had been originally scheduled."
Open Banking Expo
"Global payment network Klarna has integrated its bank-to-bank payment service Sofortüberweisung (Sofort) into Klarna Payments, citing increased security at checkout for both consumers and merchants."
Digital Finance
"The Bank of International Settlements estimates that from 2013 to 2023, the volume of cross-border payments increased by 61 percent, and the value of those payments grew by 37 percent. But banks are reducing their correspondent banking relationships (down by 29 percent over that decade) and cutting the number of corridors (country pairs) they serve."
MSN
"Retailers have been blasted for using 'unethical' discounts and rewards to encourage Brits to splash the cash using Buy Now Pay Later and other credit."
NPCI
"National Payments Corporation of India announced the rollout of ‘UPI One World’ wallet for inbound travelers visiting India designed to provide international visitors with a seamless, real-time digital payment experience, making it easier to explore India’s cultural wonders."
The Clearing House
"The Clearing House Association, Bank Policy Institute, Consumer Bankers Association, and American Bankers Association sent a letter late yesterday to the Consumer Financial Protection Bureau calling for the Bureau to extend the compliance deadline for its forthcoming rule governing consumer financial data known as Section 1033."
OpenTable
"OpenTable and Visa announced a collaboration that will offer eligible Visa cardholders exclusive access to sought-after restaurant reservations and events at hundreds of local restaurants across the U.S., Canada and Mexico through OpenTable."
Alacriti
"Real-time payments are a critical part of payments modernization. Request for Pay (RfP) is a financial messaging scheme built on the rails of real-time payments that enables billers to initiate real-time payments from bill payees with the click of a button."
JCB Global Website
"JCB and Worldline launched a new whitepaper to empower European merchants to explore opportunities and challenges surrounding frictionless payments. Merchants can benefit from improved customer loyalty and revenue by applying some of the steps listed in this guide."
Forter
"Forter’s data shows a generally consistent pattern from year to year on this point: during the holiday season, fraud attacks increase by 15%- 30% compared to the rest of the year."
Hong Kong Monetary Authority
"The Hong Kong Monetary Authority announced participants of the stablecoin issuer sandbox: JINGDONG Coinlink Technology Hong Kong Limited, RD InnoTech Limited, Standard Chartered Bank (Hong Kong) Limited, Animoca Brands Limited, Hong Kong Telecommunications Limited."
NatWest Group
"NatWest announced that its banking app will be available on Apple’s Vision Pro, which seamlessly blends digital content with the physical world and unlocks spatial experiences. The product has now launched in the UK."
Reuters
"The Bank of England said on Thursday it had suffered a temporary outage to its CHAPS interbank payment system, which handles more than 360 billion pounds ($467 billion) on an average day, but expected all transactions to be settled by the end of the day."
Nacha
"Same Day ACH reached new heights of payment volume and value as the modern ACH Network posted significant volume and value increases in the second quarter of 2024, Nacha reported. There were 8.3 billion ACH payments in the second quarter, an increase of 6.3% over the same time period in 2023. The dollar value of these ACH payments totaled $21.6 trillion, a 7% increase."
TD
"The move to adopt the ISO standards is being driven by a few critical industry timelines. On March 10, 2025, Fedwire – the bank-to-bank wire system operated by the U.S. Federal Reserve – will require all 5000+ participants to be ISO-ready. Culminating in November 2025, SWIFT, a messaging network that is used by banks and corporates globally to send and receive financial information, will require its 11,000+ participants to be ISO compliant."
Crowdfund Insider
"July 20, 2024, will mark exactly one year since the Federal Reserve announced the launch of the notable FedNow Service, which has allowed customers at participating financial institutions to make payments that can be sent and received at any time, immediately available to use."
TechCrunch
"The success of Pix has naturally led to growth for companies providing the supporting technology. One example of this is Matera , a Brazilian company that provides instant payment, QR code payment and core banking software to financial institutions."
Consumer Financial Protection Bureau
"The Consumer Financial Protection Bureau (CFPB) today proposed an interpretive rule explaining that many paycheck advance products, sometimes marketed as “earned wage” products, are consumer loans subject to the Truth in Lending Act."
World Council of Credit Unions
World Council of Credit Unions (WOCCU) and Worldwide Foundation for Credit Unions (WFCU) are excited to announce “One World Through Cooperative Finance” as the theme for the 76th anniversary of International Credit Union (ICU) Day® on Thursday, October 17, 2024.
Retail Times
"End-to-end payments platform, Ecommpay, has fully integrated the Click to Pay flow within its online payment interface. Click to Pay leverages user recognition, network tokenization and global interoperable standards to provide consumers with a seamless, more secure checkout."
Xsolla
"Xsolla, a global video game commerce company, announces the further expansion of its payment solution across Southeast Asia, East Asia, and Pacific markets. Xsolla extends its payment solution by integrating Maya, PayNow, WeChat Pay HK, JazzCash, and Easypaisa for video game developers and gamers in the Philippines, Singapore, Hong Kong, and Pakistan."
PR News Wire
"Aurus, Inc., a leading provider of payment processing solutions, announced a partnership with Early Warning Services, LLC to integrate a new online checkout solution Paze SM, into their payment platform. Wakefern Food Corp., the nation's largest retailer-owned cooperative, is among the first group of retailers using the Aurus platform to begin offering their online shoppers the quick and convenient Paze checkout option."
PR News Wire
"Alchemy Pay announced a significant update to its crypto payment business, aimed at optimizing the overall user flow for seamless and efficient crypto transactions and acceptance. Alchemy Pay now supports users connecting their exchange and brokerage accounts such as Coinbase, Kraken, and Robinhood to pay for orders using their crypto balances."
PR News Wire
"A new report released examining digital banking fraud and financial crime trends in France identifies this summer's Olympic Games as a potential hub for cybercrime. BioCatch outlines the many opportunities for fraud created by the gathering of 10,000 athletes and millions of fans from more than 200 nations, in Paris at the end of July."
MSN
"Chase has updated its payment options, and millions will have fewer options to pay their credit card bills. The bank's new credit card statements stipulate customers will no longer be able to use their cards with third-party buy now, pay later platforms."
Stripe
"Stripe announced a range of product and partnership updates for businesses operating in France. French buy now, pay later provider Alma will be natively accessible to all Stripe users, while CB will be available on Stripe Terminal and Apple Pay. "
Worldline
"Worldline in collaboration with Antenor, announced the integration of an advanced contactless payment solution with Selfly Store, a pioneer in RFID-enabled intelligent vending machines."
Hong Kong Monetary Authority
"The Financial Services and the Treasury Bureau and the Hong Kong Monetary Authority jointly issued the consultation conclusions on the legislative proposal to implement a regulatory regime for fiat-referenced stablecoin issuers in Hong Kong. The proposed regulatory requirements and implementation arrangements received general support from respondents, with some further enhancements suggested in the submissions."
MarketWatch
"Bank of America customers sent 244 million payments on Zelle in the second quarter, up from 197 million in the year-earlier period. Checks written in the second quarter fell to 100 million from 111 million in the second quarter of 2023."