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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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June 12, 2025
On the web
Citi Expands Global Payments Platform in Shift Towards ‘Self-Sustainable’ Model
The Banker
"Citi is pushing ahead with the global implementation of a new payments infrastructure that marks a break from reliance on external vendors, as the bank rolls out a platform first piloted in Malaysia last year. Citi’s engineers built the payments processing capabilities into microservices — and used the Icon Payments Framework to develop a common payments processing workflow. IPF underpins a microservices architecture for processing real-time gross settlement transactions on an ISO 20022 -native platform."
Visa, Chainlink Successfully Complete CBDC, Stablecoin Swap Between Hong Kong, Australia
CryptoSlate
"Visa and Chainlink have completed a key milestone in the Hong Kong Monetary Authority’s (HKMA) e-HKD+ Pilot Programme, successfully testing a cross-border blockchain transaction using central bank digital currency (CBDC) and stablecoins. The trial, conducted in partnership with ANZ, ChinaAMC, and Fidelity International, is one of the first real-world simulations of programmable money being used for cross-border investment in tokenized assets."
Buy Now Pay Later Provider Zilch to Launch First Physical Card
Evesham Journal
"Zilch, which offers buy now, pay later for brands such as Amazon and Iceland, is launching its first physical card as part of a new partnership with Visa."
Central Bank of Brazil Hints at Credit-Focused CBDC Pilot Phase
Bitcoin News
"The third phase of the CBDC pilot will involve implementing tokenization solutions that allow customers to provide banks with visibility into their collateral assets in Brazil. The drex pilot, currently in its second phase, has encountered issues that impact its viability. Its main roadblock has been the lack of a privacy solution that fulfills all the requirements the bank needs to apply bank secrecy-like laws to drex transactions, meaning that transactions must be obfuscated from third parties but visible for regulators."
June 11, 2025
Top Post
The ROI of Online Patient Payments is Significant
Healthcare IT Today
"For many healthcare providers, outdated payment systems are causing unnecessary frustration for patients and staff and costing providers. Leading organizations, like First Choice Neurology, are proving there’s a smarter way. Digital payments speed up revenue collection. Switching to text and online payments cut FCN’s days in AR from 27 to 24—an immediate boost to cash flow and operational efficiency. Modern payment tools drive real cost savings. Transitioning from mailed statements to digital payments saved $8K–$10K per month, with lower transaction costs and fewer print/mail expenses."
On the web
Treasury Releases Request for Information: “Modernizing Payments To and From America’s Bank Account”
U.S. Department of the Treasury
"Reminder: The U.S. Department of the Treasury released a request for information related to the Executive Order (EO) 14247 “Modernizing Payments To and From America’s Bank Account,” which transitions federal disbursements to electronic payments. Beginning September 30, 2025, all federal payments that are currently made by paper check—including Social Security benefits, tax refunds, and vendor payments—will be made electronically."
AI Agents May Be Vulnerable to Financial Attacks
Tech Brew
"AI agents might be taking on more responsibilities at work, but maybe think twice before handing over full access to payments. A new paper from researchers at Princeton University and the Sentient Foundation found that certain agents—AI systems that can act beyond the realm of a chatbot—could be vulnerable to memory attacks that trick them into handing over cryptocurrency."
Payments Giant Stripe to Acquire Crypto Wallet Tech Firm Privy
Decrypt
"Crypto wallet infrastructure company Privy has agreed to be acquired by payments giant Stripe, the two companies announced on Wednesday. The acquisition, which is expected to close in the coming weeks, will bring Privy under the Stripe umbrella, but allow it to continue operating as an independent product."
Subscription Shake-Up: Navigating the FTC’s Click-to-Cancel Rule
Nat Law Review
"In October 2024, the Federal Trade Commission updated its 1973 Negative Option Rule to address unfair and deceptive online subscription practices. The Rule sparked significant debate, with the original proposal garnering over 16,000 comments. Following some revisions based on this feedback, the Rule went into effect in January 2025. Originally slated for enforcement on May 14, the FTC announced on May 9 that enforcement would be deferred by 60 days, giving businesses until July 14, 2025 to review and comply."
Afterpay, Klarna, Zip Warning for Aussie Users as Major BNPL Overhaul Hits Today (June 10): ‘You Should Reconsider'
Yahoo Finance
"Australians who use buy now, pay later (BNPL) services have been warned new regulations coming into force from June 10 could have huge implications on their future. While these platforms have been game-changers for people running a little low on cash, they're now operating under the same rules as credit cards and personal loans."
Australian Payments Plus and G+D to Lower Cost of Debit Payments for Online Checkouts
Fintech Singapore
"Australian Payments Plus (AP+) is working with payment technology firm Giesecke+Devrient (G+D) to bring eftpos and least-cost routing (LCR) to Click to Pay, marking what the companies say is a global first for online debit card payments. AP+ brings together three domestic payment providers, BPAY Group, eftpos and NPP Australia, into one integrated entity."
Visa Describes Upcoming EU Digital Identity Wallet as ‘Gamechanger’ for Payments and Banking
National Technology
"The head of digital identity at Visa has described the upcoming EU Digital Identity Wallet (eID) is as a “gamechanger” for payments and banking. The eID Wallet is a planned digital ID that can be used to authenticate and verify people for payments and banking. By 2026, each EU member state will need to deliver at least one version of the Wallet. The IDs are expected to be fully operational by 2027, with service providers mandated to accept them during the same year."
dLocal Teams up With Juspay to Boost Cross-Border Payments in Emerging Markets
IBS Intelligence
"dLocal, a cross-border payment platform specialising in emerging markets, announced its partnership with Juspay, a payments orchestration and infrastructure provider powering global enterprises and banks. The alliance will strengthen the synergy between the two companies, offering customers access to dLocal’s over 900 local and alternative payment methods (APMs) and the broad benefits of Juspay’s payment ecosystem in fast-growing markets."
Will UPI Transactions Be Costly? Govt May Consider Charges on Payment Above This Amount
India TV News
"The Payments Council of India (PCI) has suggested a 0.3 per cent MDR for big merchants. Currently, credit and debit cards have an MDR of 0.9 per cent to 2 per cent, but RuPay cards are exempt from this."
On the wires
Worldpay and Visa Join Forces to Boost Authorizations, Enhance Shopper Experience
Business Wire
"Worldpay® has expanded its partnership with Visa to enhance the payments leader’s 3D Secure (3DS) solution, which can help merchants reduce fraud while reducing consumer friction and boosting authorizations. By passing through authentication data to the issuer, merchants in the U.S. using 3DS Flex™ from Worldpay can enhance payments security and shopper experience while improving approval rates."
Pagos Launches First MCP Server to Bring Payments Intelligence to AI Agents
PR Newswire
"Pagos, an all-in-one provider of payments optimization solutions, today announces the launch of its first Model Context Protocol (MCP) Server, making it easier than ever for AI agents and applications to query the payments intelligence available only through Pagos. This MCP Server, designed for their direct-to-network BIN data solution, allows large language models (LLMs) and AI-powered tools to securely query real-time BIN-level card data directly from card networks. This marks the company's first step toward a more open, accessible future for payment data!"
PNC Bank Launches PNC Mobile Accept®, A New Pay-As-You-Go Payment Processing Solution for Micro Businesses
PR Newswire
"PNC Bank today announced the launch of PNC Mobile Accept®, a fully integrated payment solution that provides its micro business clients with the ability to accept in-person credit and debit card payments directly within the PNC Mobile app. Designed for businesses processing less than $300,000 in credit and debit card transactions annually, PNC Mobile Accept is a self-service solution that gives business owners fast, secure access to accept funds directly from their phone or tablet with no monthly fee."
Matera and Circle Join Forces to Turn Stablecoins into a Payment Method Integrated with Core Banking Systems
Business Wire
"In a move to accelerate the adoption of stablecoins as a mainstream payment method, Matera, a leading technology provider for the financial system, announces a commercial partnership with Circle, the global issuer of USDC through its regulated affiliates, a dollar-backed stablecoin."
June 10, 2025
Top Post
BofA Clients Embrace New $10 Million Limit in U.S. Real-Time Payments
Bank of America
"Recent action from The Clearing House to increase the transaction limit on real-time payments from $1 million to $10 million is fueling new use cases in business-to-business payments among Bank of America clients. The bank is one of the first financial institutions to enable its corporate customers to send payments up to the new transaction limit."
On the web
Conferma Expands Virtual Card Capabilities Across Europe With J.P. Morgan Payments, Unlocking Greater Payment Flexibility for Businesses
Conferma
"Conferma, the leading virtual card technology provider, has expanded its strategic membership in the J.P. Morgan Payments Partner Network to include J.P. Morgan Payments’ industry-leading virtual card solutions as part of its European offerings. This expansion offers European-based businesses the opportunity to issue and manage virtual cards effortlessly, unlocking multi-currency capabilities and providing greater flexibility to streamline payments across the region."
Apple Intelligence Gets Even More Powerful With New Capabilities Across Apple Devices
Apple Newsroom
"Apple Wallet can now identify and summarize order tracking details from emails sent from merchants or delivery carriers. This works across all of a user’s orders, giving them the ability to see their full order details, progress notifications, and more, all in one place."
Spec: Announcing Real-Time User Behavior Tracking
Spec
"In fraud, context is everything. Fraudsters rarely exploit a single touchpoint. They move across your entire customer flow: browsing, creating accounts, submitting orders, requesting refunds, contacting support, and abusing policies. Yet most fraud systems see only fragments—isolated API calls or disconnected events—making it difficult to understand behavior and act before damage is done."
Onepay and Synchrony to Launch New Industry-Leading Credit Card Program With Walmart; Credit Card to Be Powered by Mastercard and Set to Go Live This Fall
Mastercard
"OnePay, a leading consumer fintech, and Synchrony announced a strategic partnership to exclusively power a new industry-leading credit card program with Walmart (NYSE: WMT). The credit card program is expected to launch this fall, with the experience embedded inside the OnePay app and powered by Mastercard’s global payments network, and will be made available to millions of Walmart customers and to consumers across the U.S."
Deutsche Bank and Ant International Announce Strategic Partnership to Provide Integrated Cross-Border Payment Solutions to Global Merchants
Ant International
"Deutsche Bank and Ant International have announced their strategic partnership to provide payment solutions for businesses of all sizes in Europe and Asia, by combining their expertise and leveraging Ant International’s proprietary tokenisation and AI-based FX technology. The bank will collaborate with Ant International’s Embedded Finance unit on a series of global treasury management and cross-border payment innovations, including tokenised deposits, stablecoin, and its Time-Series Transformer (TST) FX Model."
Visa Rule Changes — April 2025 Spring 2025 Updates to Visa’s Fee Schedule
Chargebacks911
"Visa updates its merchant rules and fees twice every year. Digging into the details of these changes can be confusing. Here’s what these latest changes to Visa rules mean for you."
Vietnam Leads E-commerce: 99% of Consumers Shop Online
VietNamNet News
"According to Visa’s Green Shoots Radar online survey of 1,000 Vietnamese consumers, an astounding 99% reported having shopped online within the past 12 months, underscoring the rapid expansion of e-commerce in the country. Visa has officially launched its Click to Pay solution in Vietnam, in partnership with major issuing banks such as MB, Techcombank, Vietcombank, VietinBank, and VPBank."
On the wires
Deluxe and Chargent Partner to Power Integrated Payments in Salesforce
Business Wire
"Deluxe, a trusted Payments and Data company, and Chargent, the leading payment solution built natively on Salesforce, announced a strategic partnership to deliver seamless, end-to-end payment integration within Salesforce. This collaboration allows businesses to automate billing, accept payments, and gain real-time transaction insights—all without leaving the Salesforce environment."
Societe Generale Becomes First Major Bank to Launch Dollar-Pegged Stablecoin
Reuters
France's Societe Generale said it plans to launch a publicly tradable, dollar-backed stablecoin through its digital asset subsidiary, making it the first major bank to enter the growing market of dollar-pegged cryptocurrencies. The new digital currency, named "USD CoinVertible", will be issued on both the Ethereum and Solana blockchains, with public trading expected to start in July, SocGen's crypto arm SG-FORGE said in a statement.
June 9, 2025
Top Post
Visa Launches New Company in Brazil to Enter Pix
Brazil Journal
"Visa announced that it is creating a new company in Brazil to capture a slice of PIX, which already accounts for 35% of all ecommerce transactions. The move is part of Visa's global strategy to transform itself into a financial transaction technology company, going beyond credit and debit cards. Named Visa Conecta, the new company will be a payments institution and will initially operate only as a PIX 'payment initiator'. Last November, Visa already applied for the ITP license with the Central Bank, and the expectation is that it will be issued by November of this year."
On the web
ECB Consults on Extending RTGS Hours – Could Help DLT Payments, Digital Euro
Ledger Insights
"On Friday the European Central Bank launched a consultation on extending the hours of T2, its main real time gross settlement (RTGS) system. DLT payments and the digital euro are one of the considerations, although not the primary driver of the plans. T2 already operates 22.5 hours a day, but consumer and interbank payments are only possible during a narrower window. Additionally, the system closes for 48 hours over the weekend."
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