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November 15, 2024
On the web
Mastercard Extends Live Music Footprint With New U.S. Benefits for Cardholders
Mastercard
"Beginning early 2025, Mastercard cardholders will gain exciting access to tickets and Priceless Experiences at major music venues and festivals in the U.S."
November 14, 2024
Top Post
Consumer Financial Protection Bureau Targets Google for Supervision: Big Tech’s New Regulatory Challenge
CEO Today
"The Consumer Financial Protection Bureau (CFPB) recently announced its intent to bring Google under its regulatory supervision, a move that could establish a new era of oversight for tech companies delving into financial services. This unprecedented development signifies a potential shift in how the U.S. government approaches Big Tech’s increasing influence in finance and consumer markets."
On the web
Project Mbridge Reached Minimum Viable Product Stage
BIS
"Project mBridge reached the minimum viable product (MVP) stage in mid-2024. The project aimed to explore a multi-central bank digital currency (CBDC) platform shared among participating central banks and commercial banks, built on distributed ledger technology (DLT) to enable instant cross-border payments and settlement."
Volante Technologies Launches Real-Time Payments Intelligence Solution for Financial Institutions
Volante Technologies
"Volante Technologies launched Volante Payments Intelligence, a new solution that offers financial institutions visibility and operational control over their payments business. The offering harnesses historical and real-time payments data, delivering actionable intelligence that helps banks strategically plan, optimize operational efficiency, and track performance."
10 Takeaways From Swift at Sibos 2024
Swift
"Sibos 2024 saw four days of inspiring talks and expert insights as the global financial community gathered in Beijing to unpack the latest trends shaping our industry. A common theme was 'Connecting the future of finance' – and in an era defined by change, working together to maintain a strong integrated financial ecosystem is more important than ever."
Mastercard Reinvents Checkout With Password and Number Free Payments
Mastercard
"By 2030, Mastercard aims to eliminate the need for manual card entry and one-time or static passwords by combining tokenization, introduced ten years ago to protect sensitive personal and payment data, with biometric authentication for secure, seamless checkout."
ConnexPay Receives Patent for Unified Payments Platform
ConnexPay
"ConnexPay, an all-in-one B2B payments platform, has received a U.S. patent for a payments technology invention that unifies incoming payments and outgoing payments inside a single system."
PayPal Once Again Lets You Pool Money From Others to Pay for Things Together
TechCrunch
"PayPal is launching a few features that let users in groups pool money with friends or family, to collectively pay for trips, travels, gifts, and anything else. The company is launching this feature in the U.S., Germany, the U.K., Italy, and Spain ahead of the holiday season."
November 13, 2024
On the web
Federal Reserve Financial Services' New FedDetect® Offering Tackles Commercial Check Fraud
Business Wire
"Federal Reserve Financial Services announced the expansion of FedDetect Duplicate Notification for Check Services to include commercial checks, alongside its existing Treasury check notification service. Financial institutions can now see deposit information and images of potential duplicate items for commercial checks, supplementing their existing check fraud mitigation tools."
Buy-Now, Pay-Later Giant Klarna Files for IPO in the US
MSN
"Swedish fintech giant Klarna has filed documents for its highly anticipated initial public offering in the US. The buy-now, pay-later firm said it expects the IPO to take place once the SEC has completed its review, and the timing would be subject to market conditions."
Mastercard Launches ‘Pay Local,’ Linking Its Cards to 4 Major Asian e-Wallets
Fintech Singapore
"Mastercard has unveiled “Pay Local,” a new service that allows travelers to use their existing credit or debit cards within popular Asian digital wallets. The service will be integrated by prominent digital wallets in the region, including DANA in Indonesia, Touch ‘n Go in Malaysia, Bakong in Cambodia, and LankaPay in Sri Lanka."
Citi and Bank of Shanghai Launch First-of-Its-Kind Payments Solution for International Travelers in China
Business Wire
"Citi and Bank of Shanghai launched a first-of-its-kind payments solution on Bank of Shanghai’s TourCard. The TourCard aims to provide international travelers a straightforward, cost-efficient and more streamlined Chinese yuan renminbi (CNY) payment journey while traveling in China."
November 12, 2024
On the web
FIS and Oracle Enhance Utility Billing Experience
FIS
FIS® announced a collaboration with Oracle to bring enhanced billing and payment capabilities to Oracle’s utility customers. The FIS BillerIQ solution will enable the rollout of electronic bill delivery and provide a seamless experience from consumption to payment. 75% of organizations still use paper checks for bill payments.
Mastercard Collaborates With Tap Payments on First Global Launch of ‘Click to Pay’ With Payment Passkey Service for Ecommerce
Mastercard
"Mastercard has partnered with Tap Payments, one of the leading payment institutions and technology providers in the Middle East and North Africa, to introduce a global-first Click to Pay with Payment Passkey service for secure ecommerce transactions."
Alacriti and Access Softek Partner To Deliver Instant Payments for Financial Institutions
PR Web
"Alacriti announced its partnership with Access Softek. The partnership will allow Access Softek to deliver cutting-edge payment solutions, including instant payments capabilities to financial institutions via the RTP® network and FedNow® Service fully integrated with its digital banking platform."
Alchemy Pay Expands Virtual Card Functionality with Google Pay Support
PR Newswire
"Alchemy Pay, the leading fiat-crypto payment gateway, has unveiled an update to its Virtual Card, now including a card bin that integrates fully with Google Pay. This feature enables users to make seamless crypto payments directly through Google Pay, simplifying transactions."
Visa Recognizes Creators as Small Businesses (Visa Direct)
Visa
"At the opening session of Web Summit in Lisbon, Portugal, Visa unveiled commitments to digital creators. Visa officially recognized creators as small businesses. Visa is also helping creators get paid fast. Visa Direct is addressing this through partnerships with social media networks and marketplaces to help creators get payouts in real-time to their eligible debit card."
Visa Flexible Credential Goes Global: Transforming the Card for a Digital Future
Visa
"Visa announced that the Flexible Credential is expanding to the U.S. and will be rolling out with Affirm, and in the United Arab Emirates with Liv, giving millions more people greater choice and control over how they pay."
America Loves Instant Payments, as New RTP® Network Records Show
The Clearing House
"The RTP® network, the largest instant payments system in the United States operated by The Clearing House, now averages over 1 million payments per day. The RTP network also set single day records of 1.46 million transactions valued at $1.24 billion on November 1."
November 11, 2024
On the web
EBay Adds Alipay as Payment Option for Chinese Buyers Ahead of Double 11 Shopping Festival
TechNode
"Global e-commerce company eBay announced a new partnership with Antom, a subsidiary of Ant Group, to integrate Alipay as a payment option on its platform. Alipay’s integration into eBay will allow Chinese buyers to use the digital wallet to purchase products on eBay."
American Express and MX Announce Customer-Permissioned Data Sharing Agreement to Expand Digital Finance Management for Customers
MX
"American Express announced an API-powered data access agreement with MX Technologies, Inc. that will now be able to better manage their personal finances and business expenses via secure connections of their American Express accounts with third-party financial institutions and fintech apps through MX."
On the wires
AEON Launches Crypto Payment on BNB Chain to Bring Crypto Payments to Southeast Asia
PR Newswire
"AEON has brought a streamlined QR code payment system to BNB Chain with Terminus to expand crypto payment accessibility in Southeast Asia, providing crypto payment experience that significantly boosts convenience for both users and merchants."
November 6, 2024
Top Post
Mastercard Goes OTP-Free in APAC for Faster, Safer Online Transactions
PR Newswire
"As payments become more intricate, Mastercard announced the latest enhancement to its new Mastercard Payment Passkey Service which enables secure, on-device biometric authentication through facial scans or fingerprints, the same way consumers unlock their phones every day."
On the web
Nium and Partior to Offer Real-Time Multi-Currency Payments
IBS Intelligence
"Nium, the global infrastructure for real-time cross-border payments, has announced a partnership with Partior , the blockchain-based FinTech for clearing and settlement, at the Singapore FinTech Festival 2024."
Visa Collaborates With QR Payment Providers to Enable Cross Border Payments Across Asia Pacific
PR Newswire
"Visa, a global leader in digital payments, announced collaborations with QR payment providers to allow consumers to use their digital wallets to scan and pay at point-of-sale QR when they travel abroad. The pilot program will begin in Singapore, with more to be rolled out across the region in the coming year."
Introducing Kinexys by J.P. Morgan, formerly Onyx
JPMorgan
"For nearly a decade, J.P. Morgan has been at the forefront of innovation in financial services. At the Singapore Fintech Festival, Umar Farooq, co-head of J.P. Morgan Payments, announced that Onyx is now Kinexys by J.P. Morgan—the next chapter for our blockchain business unit."
TheFork and Mastercard Join Forces to Enhance Culinary Experiences for Cardholders
Mastercard
"TheFork and Mastercard have forged a multi-year partnership to elevate the dining experience for Mastercard cardholders. Cardholders in Europe and those traveling to the region will have always-on access to reservations and a selection of exclusive, culinary-centered Priceless Experiences through priceless.com and TheFork platform."
FIS Restarts Its M&A Engine As It Looks to Its Worldpay Stake for a Payoff
Digital Transactions
"More than a year after spinning off a majority interest in the massive Worldpay merchant-processing platform, FIS Inc.’s top brass said early Monday the move is already paying off. And the company is revving up its acquisition engine again, with $1 billion committed to do deals this year."
Mastercard, Kenya’s DTB Ink 10 Year Digital Payments Deal
ITWeb Africa
"MasterCard and Diamond Trust Bank (DTB) have reached a 10-year agreement to provide tailored digital payment solutions in Kenya, Uganda, and Tanzania. The partnership will focus on providing innovative, secure, and convenient payment solutions, such as customized card products and advanced transfer services for peer-to-peer, business-to-business, and person-to-business transactions."
On the wires
Blackhawk Network Drives the Shift to Digital Gifting with New Visa® eGift and Mastercard® eGift products, Enhancing Security and Convenience for Consumers
Business Wire
"Blackhawk Network has partnered with Visa Inc. and Mastercard to bring the speed, convenience and security of an eGift into physical retail stores with the launch of Visa® eGift and Mastercard® eGift. The patented, tamper-evident gift carrier does not have a card inside."
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