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
April 4, 2024
On the web
Banking Circle Delivers Innovative Agency Banking Service
Banking Circle
"Banking Circle’s latest enhancement to its Agency Banking solution provides Financial Institutions (FI’s) and Payment Service Providers (PSP’s) with a faster and cheaper access point to local payment schemes to expand into further markets. The solution delivers indirect access to EURO local clearing via SEPA Credit Transfer (SCT), SEPA Instant Credit Transfer (SCT Inst) and GBP via Faster Payments Service (FPS)."
iDEAL Integrates Spread Payments with iDEAL in3
iDEAL
"Payment solution iDEAL now also offers iDEAL in3, a payment option that allows consumers to spread the cost of online purchases over three instalments. The revenue model of iDEAL in3 is based on a fixed fee per transaction rather than aiming for the highest possible percentage of non-paying customers."
Klarna ‘Wikipink’ Challenges Broken US Credit System With Transparent Data
Klarna
"Klarna announced in an industry-first, the launch of a new online initiative - Wikipink - aimed at setting new standards for transparency and responsibility in the credit and lending industry. Klarna challenges the status quo by revealing comprehensive data on its services, including repayment rates, late fee rates, and consumer age demographics, highlighting its commitment to fair and sustainable credit solutions."
Klarna Challenges UK Banks With Transparent Consumer User Data Revealing 95% of Payments Paid on Time or Early
Klarna
"Klarna announced Wikipink, an industry-first data hub with facts on how UK consumers are using Klarna’s credit products. Amid growing scrutiny over the practices of credit providers and increasing credit card debt in the UK, Klarna revealed comprehensive data on repayment rates, debt-collection, defaults and consumer age demographics."
On the wires
Trustly and Cross River Propel Instant Payment Adoption with Support of FedNow® Service
Business Wire
"Trustly and Cross River Bank are proud to expand their collaboration in instant payments with the addition of the FedNow® Service. Trustly merchants can scale their business leveraging the power of both RTP® and Fednow®"
Zip Introduces New Enterprise Capabilities To Help the World’s Largest Organizations Modernize Global Procurement and Drive Cost Savings
Business Wire
"Zip launched new enterprise capabilities that enable businesses to drive compliance, strengthen integrations across other tools, and scale faster as the company helps customers."
April 3, 2024
Top Post
Mastercard Plans a Network Fee Hike for Later This Month. Merchants Aren’t Happy
Digital Transactions
"Mastercard merchants will see a network fee increase later this month when Mastercard increases its Acquirer Brand Volume Fee from 0.13% to 0.14%, effective April 15."
On the web
Project Agorá: Central Banks and Banking Sector Embark on Major Project to Explore Tokenisation of Cross-Border Payments
BIS
"Project Agorá will explore how tokenisation of wholesale central bank money and commercial bank deposits on programmable platforms can improve the monetary system."
PayPal Adds New Features to Its Complete Payments Solution for Online Small Businesses
PayPal Newsroom
"PayPal Holdings, Inc. announced it has added new features to its complete payments solution for small businesses. The solution enables small businesses to accept a range of payments including PayPal, Venmo and PayPal Pay Later products."
Ecommpay Taps Gocardless to Launch Direct Debits for Businesses
IBS Intelligence
"Ecommpay has launched Direct Debit payments for UK and EU businesses in collaboration with GoCardless. The move allows Ecommpay to increase market coverage by approximately 44% without cannibalising existing payment methods."
Amazon Removing ‘Just Walk Out"
Chain Store Age
"In an email to Chain Store Age, Amazon spokesperson Jessica Martin confirmed multiple media reports that as part of a broader effort to redesign its Amazon Fresh high-tech grocery banner, the company will remove its “ Just Walk Out ” frictionless, cashierless shopping technology from Amazon Fresh stores."
Visa Brings Convenience and Control to Booming Subscription Economy
visa
"Subscription Manager is the newest addition to Visa's Digital Enablement product suite, a comprehensive set of tools and flexible solutions aimed to help issuers offer better digital experiences for their cardholders."
On the wires
Synovus Introduces Accelerate Pay for Business Payments
Business Wire
"Synovus has launched AccelerateTM Pay, a new payment solution that enables commercial banking clients to initiate account payable payments in several different payment types while minimizing the use of checks."
Chase Launches Chase Media Solutions, a New Digital Media Business, Connecting 80 Million U.S. Consumers with the Brands They Love
Business Wire
"Chase launched Chase Media Solutions, its new digital media business, providing brands with the ability to connect directly with the financial institution’s 80 million customers...Chase customers benefit from personalized offers and the ability to earn cash back with brands they love or are discovering for the first time."
April 2, 2024
Top Post
Interoperability: Unlocking the Future of Cross-Platform Payments
Visa
"Visa+ is now live with PayPal, Venmo and DailyPay in the U.S. Astra, Brightwell, Cross River Bank, Current, Fiserv, i2c and Tabapay will expand Visa+ to new use cases."
On the web
PayByFace® Biometric Face Authentication Payment Processing Platform Expands Across Major European Markets
Business Review
"PayByFace announced several country base agreements and subsidiary expansion across several major European markets, including Netherlands, UK, Ireland, France, Italy, Spain, Switzerland, Germany, Austria, Romania and Bulgaria."
Adyen Partners With PayMe by HSBC to Broaden Global Businesses’ Customer Reach in Hong Kong
Adyen
"Adyen announced its partnership with PayMe by HSBC in Hong Kong to become an acquirer for the mobile payment service."
Worldline Strengthens Ties With UK Grocery Retailer ASDA
IBS Intelligence
"Worldline has extended its 16-year partnership with ASDA, the UK’s third-largest supermarket group, to deliver a full omnichannel payment solution for an initial period of five years."
PhonePe Users Can Now Make UPI Payments in UAE via NEOPAY Terminals
PhonePe
"PhonePe App users traveling to the UAE can now make payments using UPI at Mashreq’s NEOPAY terminals, available across a wide array of retail stores, dining outlets, as well as tourist and leisure attractions. They simply need to scan the QR code for seamless and rapid payments."
HSBC Launches Tokenized Gold Product Targeting Hong Kong Market
Bitcoin News
"HSBC launched the first bank-backed tokenized gold product for its customers in Hong Kong allowing retail investors to purchase tokenized gold from their smartphones using the bank’s online app, democratizing access to these gold contracts for retail customers and leveraging distributed ledger technology."
April 1, 2024
On the web
Form3 and Feedzai Launch Industry-First APP Fraud Solution for the UK Market
Feedzai
"Form3 launched a new, innovative authorised push payment fraud (APP fraud) prevention solution, powered by Feedzai to leverage collaborative intelligence to understand the behaviour of both the payment sender and recipient, to determine the risk of the payment being made in real-time."
Adyen Partners with Adobe Commerce to Enable Online and In-Store Payments for Global Enterprise Merchants
Adyen
"Adyen is partnering with Adobe Commerce to deliver flexible online and offline payments solutions to global enterprise merchants operating on Adobe Commerce."
On the wires
ACI Worldwide and Arab Financial Services To Drive Payments Modernization for Banks and Merchants in the Middle East
Business Wire
"AFS, the leading digital payment solutions provider and fintech enabler in the Middle East and Africa, will utilize ACI Enterprise Payments Platform and ACI Payments Orchestration Platform to drive digital payments modernization in the region"
March 29, 2024
On the web
PayPal USD Helps Reduce Transaction Fees in Africa
Paxos
"Yellow Card was the first fintech in Africa to list PayPal USD. Yellow Card is the largest licensed stablecoin on-and-off ramp for 20 countries in Africa, making it easy to access currencies like USD via stablecoins like PYUSD."
EBA Clearing to Launch Oct Service on RT1
EBACLEARING
"EBA CLEARING announced the delivery of a One-Leg Out Instant Credit Transfer (OCT Inst) Service in the RT1 System for November 2024."
On the wires
Ant International and Capital A to Form Strategic Partnership in Digital Payments, Financial Technologies, and Sustainability Promotion
Business Wire
"Ant International and Capital A Berhad, owner of AirAsia, have formed a strategic collaboration in various areas, exploring to integrate more local payments methods and providing payment orchestration services to Capital A’s platforms, work on digital marketing and sponsorship opportunities to drive business growth, and cooperate to create inclusive and sustainable impact."
March 28, 2024
On the web
Amazon One Launches New App to Scan Your Palm for Checkout
TechCrunch
"Amazon announced the launch of its new app for Amazon One, its contactless palm recognition service that allows customers to hover their palm over a device in order to purchase from select places, including more than 500 Whole Foods Market stores, Amazon stores and more than 150 third-party locations."
For the First Time in 25 Years Merchants Have Identified Refund/Policy Abuse and First-Party Misuse as the Leading Threats, Surpassing Phishing in North America and Europe
Merchant Risk Council
"The Merchant Risk Council (MRC) today announced the release of their 2024 Global eCommerce Payments and Fraud Report in partnership with Visa Acceptance Solutions and Verifi."
Paysend, Currencycloud Announce Global Partnership
Crowdfund Insider
"Currencycloud says it has signed a global expansion deal with transfer Fintech Paysend to expand its reach in providing its services. Currencycloud will also be supporting Paysend on the launch of new consumer-facing products during 2024."
On the wires
Coinbase Must Face Us Securities Regulator’s Lawsuit, Judge Says
Reuters
"A federal judge in Manhattan on Wednesday said the U.S. Securities and Exchange Commission's lawsuit against Coinbase can move forward, but dismissed one claim the regulator made against the largest U.S. cryptocurrency exchange."
Payments News
Give us your email address or link to our RSS feed and we’ll push the daily Payments News headlines to you.
Top Stories from Payments News
Glenbrook Payments Boot camp®
Register for the next Glenbrook Payments Boot Camp®
An intensive and comprehensive overview of the payments industry.
Train your Team
Customized, private Payments Boot Camps tailored to meet your team’s unique needs.
OnDemand Modules
Recorded, one-hour videos covering a broad array of payments concepts.
Glenbrook Press
Comprehensive books that detail the systems and innovations shaping the payments industry.