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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.
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July 23, 2025
Top Post
In-Car Payments Are Set to Soar. What Banks Need to Know
American Banker
"The payments industry is driving forward with plans to allow consumers to seamlessly pay for gas, parking, charging and more from their vehicles. With embedded and invisible payments becoming more ubiquitous, some industry professionals expect to see more use cases within the automotive industry. It's largely a question of timing, according to Chris Uriarte, partner at Glenbrook Partners. "We can all envision a future where you drive your car anywhere, and whether it's parking, charging, a McDonald's drive-through or a toll plaza, it just seamlessly works," Uriarte told American Banker. "I think it's just a question of getting the industry moving in the right direction together." [Subscription Required]"
Verifone and PagBrasil Launch Exclusive International Pix Payment Solution for Brazilian Shoppers in the U.S.
GlobeNewswire News Room
"PagBrasil and Verifone have partnered to launch an in-store alternative payment method (APM) enabling Brazilian shoppers to pay in Brazilian Reais (BRL) using Pix while shopping in the United States. This first-of-its-kind solution allows U.S. merchants to accept the Brazilian payment method."
On the web
Adyen Research Reveals One in Three Global Travelers Use AI to Book Summer Vacations, Up 74% from 2024
Adyen
"Adyen’s 2025 Hospitality and Travel Report reveals a sharp rise in travelers using AI to book experiences this summer, with data showing a 106% increase in Boomers using the technology year-on-year, the biggest increase in users globally. Global research finds that fraud remains a significant challenge within the industry, with 38% of accommodation providers reporting a rise in payment fraud attempts in the past year."
Fiserv Announces Strategic Relationship With TD
Fiserv, Inc.
"Fiserv, Inc. announced that it has signed a multi-year Strategic Managed Services program agreement with TD Bank Group, where TD Merchant Solutions will utilize Fiserv technology, including Clover, the world's smartest point-of-sale system, for its merchant business. This agreement deepens Fiserv’s relationships in Canada and creates new opportunities to scale Clover hardware and SaaS solutions."
Elevating Cardholder Experiences Worldwide With the Mastercard Collection and Introduction of World Legend Mastercard
Mastercard
"New Mastercard research reveals a powerful paradigm shift: consumers are prioritizing connection and spending time and money on what genuinely fulfills them – experiences with people who matter the most. To meet these evolving needs, Mastercard is unveiling a new suite of elevated benefits – The Mastercard Collection – across its World, World Elite and newly created World Legend Mastercard cards."
On the wires
Citizens Business Bank Partners With Alacriti To Offer Real-Time Payments
PR Web
"Alacriti, a leading provider of cloud-based payment innovation, announced that Citizens Business Bank has successfully launched instant payments capabilities using the Orbipay Payments Hub. The solution enables the bank's customers to receive payments in seconds over both the RTP network and the Federal Reserve's FedNow Service."
Goldman, BNY Team Up to Launch Tokens Tied to Money Market Funds
Reuters
"Goldman Sachs and BNY have joined hands to launch digital tokens that mirror shares of money market funds, deepening Wall Street's push to bring blockchain technology into traditional finance."
Introducing PayPal World: A Global Platform Connecting the World’s Largest Payment Systems and Digital Wallets, Starting With Interoperability to PayPal and Venmo
PR Newswire
"PayPal has unveiled a series of global partnerships that will connect many of the world's largest payment systems and digital wallets on a single platform, starting with interoperability with PayPal and Venmo. The first payment systems and digital wallets that will launch with PayPal World are (in alphabetical order): Mercado Pago (MOU signed – further details being scoped), NPCI International Payments Limited (UPI), PayPal, Tenpay Global, Venmo"
July 22, 2025
Top Post
The Bank of England’s Quiet ‘Big Bang’
Computer Weekly
"The Bank of England has completed the replacement of the UK financial system’s “beating heart”, and is making good progress in its goal of providing “silent operations”. Its replacement of the real-time gross settlement (RTGS) system, which processes £80bn in payments a day, is now live, after a staged project that began with early plans in 2017. RTGS settles payments made on systems including the clearing house automated payments system (Chaps) and bankers’ automated clearing services (BACS)."
On the web
Western Union Joins the Stablecoin Race as Legacy Payments Face Disruption
BeInCrypto
"Western Union CEO Devin McGranahan appeared during a Monday interview with Bloomberg’s The Close. He said the firm is planning to integrate stablecoins into its global payment systems. McGranahan also revealed the company’s plans to explore collaborations so that customers can ultimately buy and sell stablecoins through its platform."
Coda Accelerates Global Expansion With Acquisition of European Payments Platform Recharge
Coda
"Coda, a global leader in digital content monetization headquartered in Singapore, announced it has signed a definitive agreement to acquire Recharge, Europe’s leading prepaid payments platform, headquartered in Amsterdam. The transaction brings together two profitable regional leaders with scaled businesses, complementary strengths and a shared ambition to lead the future of global digital distribution and monetization."
Equifax Australia and Mastercard Launch ‘Open Score’ to Improve Financial Inclusion
Open Banking Expo
"Equifax Australia and Mastercard announced a strategic relationship, bringing together data and analytics capabilities from Equifax alongside Mastercard Open Finance solutions to deliver innovative products to the Australian market to create greater financial inclusion. The first milestone is the launch of Equifax Open Score, a new bank transaction score designed to support the more than 2.5 million Australian consumers with limited or no credit history who may still need access to financial services."
SBI Card and PhonePe Forms Strategic Partnership; Launch Co-Branded PhonePe SBI Card
APN News
"New Delhi : SBI Card, India’s largest pure-play credit card issuer, in partnership with PhonePe announced the launch of PhonePe SBI Card. This new co-branded credit card aims to provide a rewarding experience on everyday spends, crafted to serve the evolving financial needs of customers across India. The credit card comes in two variants, the PhonePe SBI Card PURPLE and the PhonePe SBI Card SELECT BLACK, catering to diverse customer preferences, and lifestyle spending needs. Additionally, both the variants of this contactless credit card are available on the RuPay and VISA payment networks, giving consumers the choice of network that best suits their needs."
On the wires
Intuit Launches New Agentic AI Experiences and Financial Management Capabilities for Intuit Enterprise Suite to Drive Mid-Market Business Growth
Business Wire
"Intuit Inc. announced significant updates to Intuit Enterprise Suite, the all-in-one solution designed to help mid-market businesses scale with the addition of new proactive AI agents, enhanced automation, business intelligence, and financial management capabilities that increase productivity and profitability. These enhancements deliver an integrated solution built for enterprise-level operations, all in one place on the Intuit platform."
July 21, 2025
Top Post
Same Day ACH Leads ACH Network Growth in Second Quarter
Nacha
"The ACH Network recorded a solid second quarter of 5% growth, with Same Day ACH payments continuing significant gains with 15% growth from a year earlier. Overall, ACH Network growth continued in the second quarter with 8.7 billion payments valued at $23.3 trillion. Those are respective increases of 5% and 7.9% from a year earlier. The volume of Same Day ACH payments in the second quarter of 2025 was 336.4 million, moving $980.3 billion in value. These are increases of 15% and 22% respectively."
On the web
Plaid: Product Updates
Plaid
"At Plaid Effects, a number of new products and updates were announced to help fight fraud, meaningfully improve credit decisions, and drive growth. From Plaid Protect, our fraud intelligence platform, to new AI tools that make building an integration with Plaid faster and easier, these updates are all about helping you build with more speed and confidence. Here’s a look at our launches and enhancements from June: Account Verification & Payments, Credit Underwriting, Fraud & Risk, Onboarding, Financial Management, AI & Developer Experience"
Kenya: M-Pesa Partners With PayPal for Cross-Border Payments
Africa News Agency
"On July 21, Kenya’s leading mobile money platform, Safaricom’s MPesa, partnered with PayPal, enabling over 30 million users to send and receive money globally. This integration enhances cross-border fintech capabilities and supports e-commerce growth across Africa. The move reflects growing investor confidence in African digital finance and positions Kenya as a regional fintech hub amid rising demand for interoperable global payment solutions."
Coinbase Steps Into Consumer Market With Stablecoin-Powered ‘Everything App’ That Goes Beyond Trading
MSN
"Coinbase unveiled Wednesday an "everything app" designed to bring more people into the crypto economy. The "Base App," which replaces Coinbase Wallet, will combine wallet, trading and payment functions as well as social media, messaging and support for mini apps – all running on the company's homegrown public blockchain network Base, which is built on Ethereum."
Introducing AI-Powered Scam Alerts for Friends and Family Payments
PayPal Newsroom
"PayPal has launched AI-powered, dynamic scam detection for PayPal and Venmo Friends and Family payments, enhancing protection for our customers around the world. Designed to proactively alert customers to potential scams and prevent losses in real-time, the alerts intervene when it matters most – before any funds are sent."
Lloyds to Acquire Curve in $161.2m Digital Wallet Deal
IBS Intelligence
"Lloyds Banking Group to acquire Curve, a digital wallet FinTech, for around $161.2 million by the end of September to help make everyday banking simpler and more convenient for its customers. Founded in 2015, Curve has emerged as a leader in digital wallet innovation, enabling customers to consolidate multiple payment cards into a single smart card, complemented by an expanding suite of payment wearables, including rings, bracelets, keychains, and watch straps"
Stripe Acquires Orum to Expand Capabilities in Real-Time Payments and Bank Account Verification
FinTech Magazine
Stripe has announced the acquisition of Orum, a U.S.-based financial technology company specializing in payment orchestration and bank account verification. The acquisition adds new infrastructure to Stripe’s non-card payments strategy. Orum has developed products that facilitate instant transfers and rapid bank authentication. Its platform supports multiple U.S. payment rails including ACH, RTP, and FedNow, enabling businesses to accelerate disbursements and reduce transaction latency.
Mexico’s Digital Economy: Ripe for Opportunity
Antom
"Mexico is a vibrant and fast-growing digital market, with consumers who are highly engaged online. Around four in ten Mexicans make online purchases at least once a week, and eight in ten have shopped from international websites. But behind this digital enthusiasm lies a surprising reality: cash still dominates everyday transactions. Despite strong internet penetration and mobile usage, less than half of Mexico’s population has a bank account, and adoption of credit and debit cards remains relatively low."
JPMorgan's New Fintech Fees Spark Industry Backlash
Ainvest
"JPMorgan Chase now charges fintech firms for customer data access, breaking from free data-sharing norms via intermediaries like Plaid. Legal battles persist over CFPB's Open Banking Rule, with banks arguing security risks while fintechs claim restricted competition and consumer choice. Critics warn data fees could stifle innovation and centralize financial control, shaping the future of U.S. digital finance through regulatory outcomes."
A Fair Exchange: Why Data Aggregators Should Pay to Access Bank APIs
Bank Policy Institute
"The banking sector is investing heavily in digital infrastructure and technological capabilities to expand the products and services available to customers and to increase the speed, safety and efficiency of modern banking. These investments help power a wide range of services, such as mobile banking and peer-to-peer payments. They also contribute to the development of secure data-sharing systems and application programming interfaces (APIs) so consumers can securely connect their bank accounts to third-party financial apps and services of their choosing."
Asia’s Payments Shift as More People Ditch Cards
IBS Intelligence
"Over 70% of online payments in Asia now run through alternative payment methods (APMs) like QR codes, bank transfers, and eWallets instead of traditional cards. The shift highlights how consumers across the region are demanding faster, more flexible ways to pay in their everyday lives, whether it’s paying for groceries, splitting a taxi fare, or topping up mobile data, all with a few taps on a phone."
On the wires
Clover Expands Support to Healthcare with Announcement of Clover PracticePay™ Powered by Rectangle Health, a Seamless, Modern Payment Solution for Providers
Business Wire
"Clover, the world's smartest point-of-sale system, under parent company Fiserv, announced Clover PracticePay™, an all-in-one payments platform designed specifically to support small and medium-sized healthcare providers. Developed in partnership with Rectangle Health, a leader in healthcare payment solutions, Clover PracticePay™ simplifies the way healthcare practices manage payments and enhance practice efficiencies, offering the digital tools that today’s providers and patients expect."
July 18, 2025
Top Post
RTP® Network Hits $481 Billion in Q2 as Higher-Value Instant Payments Surge
The Clearing House
"Instant payments adoption is accelerating—and payments are getting bigger. In Q2 2025, the RTP® network, the largest instant payments system in the United States operated by The Clearing House that averages 1.18 million payments each day, processed $481 billion in payments, a 195% leap in value from the previous quarter. What’s behind the surge? Businesses and financial institutions are embracing larger, faster transactions, thanks to the network’s increased transaction limit of $10 million, introduced in February."
On the web
Worldwide Golf Selects Adyen to Power Unified Commerce Payments
Adyen
"Worldwide Golf, the premier destination for golf equipment and apparel, has chosen Adyen, the global financial technology platform of choice for leading businesses, as its unified commerce payments partner.With Adyen’s single platform, Worldwide Golf can consolidate payments across its e-commerce channels and nearly 100 physical stores, gaining deeper insights into customer preferences and enhancing operational efficiency."
Rounding Up: The Impact of Phasing Out the Penny
Richmond Fed
"The U.S. government is expected to stop producing new pennies for circulation by early 2026. In 2024, the Treasury incurred a seigniorage loss of $85.3 million on penny production. As pennies phase out, businesses are likely to round cash transactions to the nearest 5 cents, resulting in a "rounding tax." Using data from the 2023 Diary of Consumer Payment Choice, we estimate that rounding tax could cost U.S. consumers approximately $6 million annually."
U.S. Bank Deepens Focus on CX Through Its Recent Embedded Payments Suite Expansion
Tearsheet
"Designed to operate behind the scenes — within websites, mobile apps, enterprise software, or fintech platforms — the new features of the embedded payments suite help businesses deliver a simplified payment experience without redirecting users to external sites or relying on multiple vendors. Whether it’s paying suppliers, disbursing funds to users, or employee transactions, the system is built to plug right into what companies are already using."