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
January 30, 2025
On the web
ServiceNow Expands Strategic Alliance With Visa
Business Wire
"ServiceNow, the AI platform for business transformation, announced an expansion of its strategic alliance with Visa. Visa plans to use the ServiceNow Dispute Management, Built with Visa solution, which includes the AI capabilities of the ServiceNow Platform, to power Visa Dispute Management Service (VDMS) and Visa DPS Dispute Analysis and Support (DAS)."
Shopping at BJ’s Wholesale Club Is More Convenient Than Ever with Tap & Pay at all BJ’s Gas Locations
Business Wire
"BJ's Wholesale Club announced that it is making its one-stop-shop even more convenient with Tap & Pay at all 186 BJ's Gas® locations in 21 states. The feature provides members with the added convenience and security that has driven the popularity of contactless payment."
Will the European Union's Instant Payments Regulation Force the Hand of US Payments?
Atlanta Fed
"We are all familiar with the 10-second countdown to the new year. Imagine receiving money from a friend in a different country that clears and settles in that same amount of time. Cross-border payments may typically take days to clear and settle."
January 29, 2025
On the web
More UAE Consumers Using Digital Payments, Yet 23% of Transactions Still in Cash: Visa’s Latest ‘Where Cash Hides’ Research
Visa Middle East
"While the UAE is at the forefront of digital payments, around a quarter (23%) of transactions of consumers surveyed are still in cash, according to the second edition of Visa’s ‘Where Cash Hides’ research."
January 28, 2025
On the web
Transactions by Payment Cards to Top 1.1 Trillion Annually by 2029
GlobeNewswire News Room
"UnionPay, Visa, Mastercard, American Express, JCB, Discover and Diners Club credit, debit and prepaid card transactions to purchase goods and services will reach 1.109 trillion worldwide in 2029 according to the Nilson Report. Asia–Pacific is the top region for purchases made by credit, debit and prepaid cards, led by payments on the UnionPay network, headquartered in China. Purchase transactions in Asia–Pacific are projected to reach 520.14 billion in 2029, equal to 47% of the worldwide total. Europe will be the second largest region in 2029, followed by the United States, Latin America, Middle East & Africa and Canada."
X Announces a Partnership With Visa to Power X Money’s Wallet
TechCrunch
"Elon Musk-owned social network X announced a partnership with Visa to handle person-to-person payments for its upcoming X Money product. The company will use Visa Direct, which is Visa’s solution for real-time money transfers, to load money into X Money’s wallet, connect to a debit card for paying other users, and transfer money back to your bank account."
Ripple Gains Money Transmitter Licences in Key US Markets
Crypto News Australia
"Ripple has increased its number of Money Transmitter Licenses (MTLs) to 55 globally, with the latest additions being Texas and New York. These states are two significant add-ons as the company has experienced a lot of demand “for real-time global payments from both banks and crypto businesses”."
WeChat Pay HK Expands Cross-Border Payments to Small Merchants in China
Marketing-Interactive
"WeChat Pay HK has expanded its cross-border payment coverage to include small and micro merchants in mainland China, including taxis in Shenzhen."
Nuvei Launches in Japan
Nuvei
Nuvei Corporation, the Canadian fintech company, announced an expansion in Asia-Pacific (APAC), having completed the acquisition of Paywiser Japan Limited, including its acquiring license granted by the Japanese Ministry of Economy, Trade and Industry. The license enables Nuvei to progress with launching direct acquiring capabilities in Japan across all major card schemes, and to extend its direct connectivity with all relevant alternative payment methods in the country.
January 27, 2025
On the web
Visa & Fintech DealMe Launch Cross-Border Card Installment Payments [Vietnam]
IBS Intelligence
Visa and DealMe have joined forces to address the increasing demand for cross-border shopping and flexible payment options. This collaboration will introduce cross-border card installment payment services, offering greater payment flexibility to Vietnamese and other international consumers.
January 24, 2025
Top Post
Visa Completes Acquisition of Pismo
Pismo
"Visa announced it has completed its acquisition of Pismo – a cloud-native issuer processing and core banking platform. The combination will provide clients with core banking and card-issuer processing capabilities via cloud native APIs. Pismo’s platform also enables Visa to provide connectivity for payment schemes and RTP networks for financial institution clients."
On the web
Corporate One Enables Immediate Payments With Data Orchestration Hub
CIO
"By giving access to the industry’s new payment rails, members of the credit union can make immediate payments easier and faster."
Privacy-Enhancing Technologies for Digital Payments: Mapping the Landscape
BIS
"The increasing use of digital payments, smartphones and data-driven technologies makes privacy a critical issue in the public policy discussion of digital money. The paper explores how technology can address these concerns, offering a comprehensive evaluation of privacy-enhancing technologies for large-scale payment systems."
Nuvei Expands Omnichannel Capabilities to the UK Gaming Industry
Nuvei
"Nuvei's Omnichannel architecture offers a unified platform for all retail and digital transactions, simplifying operations and enhancing customer experience"
Can Alipay’s NFC Push With “Tap!” Disrupt QR Code Payments?
KrASIA
"With its market share shrinking, Alipay is banking on the tap-to-pay feature to reignite growth."
January 23, 2025
On the web
Fiserv Appoints Michael P. Lyons as President and CEO-Elect
Fiserv
"Fiserv, Inc. announced the appointment of Michael P. Lyons as President and CEO-elect of Fiserv, effective January 27, 2025."
African Fintech Moniepoint Gets Visa Backing, Plans to Work on Contactless Payments
TechCrunch
Visa has joined African fintech Moniepoint as a new investor. The business banking and payments platform confirmed to TechCrunch that it received a “strategic investment” from the global payments giant as both companies look to drive financial inclusion and support the growth of small and medium-sized enterprises (SMEs) across Africa.
HSBC Touts 50% Increase in Suspicious Transactions Intercepted in Past Year
South China Morning Post
"HSBC said it is stepping up its efforts to stop scammers and increasing its spending on anti-fraud technology, as the lender unveiled a new alert system that aims to protect online banking users."
HSBC to Close International Payments App Zing a Year After Launch
Financial News
"Zing, the international payments app launched by HSBC just last year, is set to close down in the bank’s latest fintech flop, Financial News can reveal. The bank developed Zing to compete with fintechs Wise and Revolut."
Apple and Google Hit by UK Probe Into Mobile Dominance
Bloomberg
"Apple Inc. and Alphabet Inc. were hit with UK antitrust investigations over concerns their dominance in mobile services is distorting the market and putting up barriers to entry for competitors."
January 22, 2025
On the web
Mastercard Pilots Tap to Pay for Ecommerce and In-App Payments [Brazil & Hong Kong]
NFCW
"Mastercard is testing a new service that enables cardholders to simply tap their contactless bank card to their NFC smartphone in order to complete an ecommerce or other card-not-present transaction. The new Tap to Pay service is being piloted by Ingresse in Brazil and also by food and beverage (F&B) platform OpenRice in Hong Kong and It forms part of a new ‘Tap to More’ service suite."
Marqeta Powers Trading 212’s Expansion into Continental Europe
Business Wire
"Marqeta’s scalable, global platform is enabling leading investing app Trading 212 to enter 20 new European markets in six months through its card program."
January 21, 2025
On the web
Worldline and Wix Partner to Expand Commerce & Payments Solutions Online for Businesses in Europe and Asia Pacific
Worldline
"This partnership combines Wix’s intuitive platform to create and manage an online presence and extensive commerce tools with Worldline’s integrated payment acceptance powered by localised acquiring capabilities to offer merchants an all-in-one solution."
Visa and The Walt Disney Company EMEA Form Strategic Alliance
Visa
"The Walt Disney Company and Visa announced a strategic alliance that will bring a host of benefits and offers to millions of Disney fans across Europe, Middle East and Africa (EMEA). The multi-year relationship will make Visa the Official Payment Partner of Disneyland Paris, as well as Disney Store and Disney Theatrical Group in EMEA."
January 20, 2025
On the web
Chase on Track to Retain Acquiring Crown With Annual Volume Well North of $2 Trillion
Digital Transactions
"New data from JPMorgan Chase & Co. signals the leading U.S. banking company is on track to retain its title as the nation’s largest merchant acquirer, with volume well in excess of $2.5 trillion flowing through its pipes."
January 17, 2025
On the web
ISO 20022 in Bytes for Payments: Maintaining the Momentum in 2025
Swift
Adopting the new global standard for payments is more important than ever. As the financial industry moves closer to the CBPR+ November 2025 deadline, see what’s new.
Amazon to Acquire Indian BNPL Firm Axio
Tech In Asia
"Amazon has reached an agreement to acquire the Indian buy-now, pay-later company Axio as part of its expansion into financial services in India. Finalized in December 2024, the deal awaits approval from the Reserve Bank of India."
January 16, 2025
On the web
Digitalizing the Public Purse: The Next Generation of G2P Payments
Mastercard
"Mastercard for Government’s new two-part white paper, “Digitalizing the public purse,” explores how payment flows to and from government can harness digital payments."
CFPB Orders Operator of Cash App to Pay $175 Million and Fix Its Failures on Fraud
Consumer Financial Protection Bureau
"The Consumer Financial Protection Bureau (CFPB) ordered Block, the operator of the peer-to-peer payments app Cash App, to refund and pay other redress to consumers up to $120 million and pay a penalty of $55 million into the CFPB’s victims relief fund."
American Express Agrees to Pay More Than $138 Million to Resolve Wire Fraud Investigation In Connection With The Sales And Marketing Of Wire Products
Justice
"American Express Company has entered into a non-prosecution agreement with the U.S. Attorney’s Office for the Eastern District of New York (the Office), and has agreed to pay more than $138 million for engaging in sales practices that provided inaccurate tax advice to customers and potential customers of AMEX for two wire products, Payroll Rewards and Premium Wire (PR/PW)."
Take us with you
Payments on Fire is available on iTunes, Spotify, Google, Stitcher, Pocket Casts, and other podcast apps and services. Or just say “Alexa, play Payments on Fire podcast.”
