International Banker
"Numerous governments across the globe have begun adopting central bank digital currencies, more commonly known as CBDCs, and many more are considering doing so. This is an ominous development for citizens since CBDCs represent a gateway to surveillance and control that will prove irresistible to most governments."
PR Newswire
"eCurrency Mint and CMA announced today that they are partnering to provide central banks an integrated Real Time Gross Settlement (RTGS) and eCurrency Central Bank Digital Currency (CBDC) solution."
Credit Union Times
"The long-awaited launch of the Federal Reserve’s FedNow payment system is on the horizon, with a scheduled start date in July. Many credit unions and credit union-supporting organizations have been preparing for months for this new service which will allow members to send and receive money immediately, no matter the day or time."
Apparel Resources
"BNPL (buy now, pay later) services are gaining more traction among older users as these services become mainstream. According to the report released by Square and Afterpay, the number of Afterpay orders from Gen X shoppers increased by 16 per cent compared to the previous year, while orders from baby boomers went up by 12 per cent."
Financial IT
"RBR’s Global Cards Data and Forecasts to 2027 study found that the share of spending made on domestic network cards was unchanged at 2% in 2021, but has halved since 2017. A third of all purchase volume in the Middle East and Africa (MEA) region was ma"
Bank Info Security
"Compromised chatbot credentials are being bought and sold by criminals who frequent underground marketplaces for stolen data, security researchers warn. The alert comes as global use of ChatGPT and rival artificial intelligence offerings continues to surge despite worries from some employers that the chatty bots could blab sensitive information and as regulators voice privacy concerns."
PR Newswire
"Melio, a leading B2B payments platform for small businesses, today announced the launch of a new mobile app designed to streamline the payment experience. The mobile app is now available for download on the Apple App Store and will be launching on the Google Play Store in the coming months."
SchiffGold.com
"Another state has taken action hoping to hinder the implementation of a central bank digital currency (CBDC) in the United States. Last week, Alabama Governor Kay Ivey signed a bill into law that pushes back against CBDC in a small way that could place some roadblocks in the path toward implementing a digital dollar."
EIN News
"Even though banks and other financial institutions do a lot to protect their customers from payment card fraud, criminals still find their way into victims’ wallets. The newest research by NordVPN analyzed 6 million stolen payment cards found on the dark web."
The Fintech Times
"A new whitepaper from Amazon Payment Services, a regional leader in digital payments across the Middle East and North Africa (MENA) region, has found over nine in 10 Generation Z respondents in Egypt are aware of peer-to-peer transactions."
Electronic Payments International
"B2B payments are currently undergoing an exciting period of digital transformation. It’s something we’ve seen already in consumer payments, music and entertainment, and even home working."
Retail TouchPoints
"There has been a lot of talk about the OpenAI chatbot ChatGPT (and its competitor Bard, Google’s experimental conversational AI service). Even though ChatGPT was only introduced at the end of November 2022, marketing departments are already utilizing it to curate content for social media and online marketing campaigns as well as to generate personalized, automated responses to customer inquiries across the ecommerce sector."
w3.org
"The Web Payments Working Group today published a Candidate Recommendation for Secure Payment Confirmation (SPC), a standardization milestone for a new browser capability that helps to streamline user authentication and enhance payment security during Web checkout."
Faster Payments Council
"The U.S. Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today announced the results of the 2023 election for its Board of Directors."
VentureBeat
"The nature of cyberattacks is changing fast. Generative AI, cloud complexity and geopolitical tensions are among the latest weapons and facilitators in attackers’ arsenals. Three-quarters (74%) of security decision-makers say their organizations’ sensitive data was “potentially compromised or breached in the past 12 months” alone. That’s a sobering cybersecurity baseline for any CISO to consider."
Blockworks
"The US Treasury has been actively looking into how to make the most of a potential digital dollar, taking into account both national security and privacy."
EIN News
"SheevaConnect™ is a patented cloud-based platform, associated APIs, and embedded software that facilitates activation and contactless payments for the nearby contextual services, like fueling, EV charging, parking and so on, by using proprietary algorithms to detect highly accurate vehicle location layered with mapping and geofencing of the point of service – meaning a specific gas pump, charging station, or parking spot."
PR Newswire
"Having become the #1-rated text marketing platform since its launch in 2016, Textedly today introduced Text-to-Pay, its newest feature designed with small- and medium-sized business owners in mind. T"
Cointelegraph
"The draft bill is set to go before the House committee for discussion on June 13 and, if approved, could become the first example of crypto legislation in the United States."
Nasdaq
"For years, software companies have relied solely on either an annual software fee or monthly subscription fee to generate revenue. However, recent earnings reports from some subscription-based companies suggest that while subscriber counts are up, platforms are still not generating the revenue they were expecting to drive growth."
FCA
"Those marketing cryptoassets to UK consumers will need to introduce a cooling-off period for first time investors from 8 October 2023, under new advertising rules announced by the FCA."
EIN News
"...Blackcatpay is based on intra-bank transfers. It's a cost-efficient alternative to card acquiring and can be used by clients from almost every jurisdiction. Technically, when making a purchase, the client does not use a payment card but direct deposits from the bank account."
American Banker
"Merchants are getting another shot at changing the rules around the "swipe fees" they pay to banks when they accept Visa and Mastercard credit cards." (American Banker: Subscription Required)
Business Wire
"Paysign, Inc., a leading provider of prepaid card programs, comprehensive patient affordability offerings, digital banking services and integrated payment processing, today announced their partnership with Spentra, a fintech company specializing in pay access solutions for employers and employees."
FIDO Alliance
"The FIDO Alliance released new user experience (UX) guidelines to help accelerate deployment and adoption of passkeys. The FIDO Alliance UX Guidelines for Passkey Creation and Sign-ins aim to help online service providers design a better, more consistent user experience when signing in with passkeys."
GlobeNewswire News Room
"The newly released Q2 Credit Union Market Perspectives Report from TransUnion shows that stubbornly-high inflation continues to put pressure on the monthly budgets of consumers, credit union members among them."
Kasisto
"Kasisto, creators of KAI, the leading digital experience platform for the financial services industry, today announced the launch of KAI-GPT, the world’s first banking-specific large language model (LLM), designed to address the industry’s unique needs for accuracy, transparency, trustworthiness and customization."
PR Newswire
"The Smart Payment Association (SPA), the trade body of the card and mobile payments industry, today released findings from its annual review of the smart payment cards market."
www.atmmarketplace.com
"A recent report from the MetabaseQ cybersecurity company reveals a new ATM jackpotting malware variant, dubbed FIXS, infecting ATMs in Mexico. ATM Jackpotting attacks use malware to steal large amounts of cash from an ATM without having to use a credit or debit card."
Atlantic Council
"Online payments appear deceptively instantaneous in the United States. The slick user interfaces for digital payments require just a few taps and credit card numbers populate automatically on checkout pages. But the US does not operate in a world of instant payments. Despite the frictionless appearance, funds do not post and settle in consumer bank accounts in hours, or even days—something that the pervasive use of credit cards in the US masks for the average consumer."