PAYMENTS ON FIRE RESOURCE CENTER

Smart thinking for smart payments professionals

Payments On Fire is the industry’s leading resource center for payments professionals. Here, you’ll find the resources and thought leadership that only Glenbrook’s experienced team can provide. Curated news stories, insightful opinion papers, provocative podcasts, and more – it’s all the thinking you need to stay competitive in a dynamic payments world.

June 18, 2025

CIPS Signs Direct Participant Agreements With Six Foreign Institutions, Facilitating Use of Yuan in Cross-Border Transactions

Global Times

“China’s Cross-Border Interbank Payment System (CIPS) signed direct participant agreements with six foreign institutions in Shanghai, marking the first time that the system’s overseas foreign direct participant coverage extends to offshore yuan centers in Africa, the Middle East, Central Asia, and Singapore, which will facilitate the use of the yuan in cross-border transactions, China Media […]

Real-Time Payments Are Testing the Limits of Compliance

The CFO

“Rocio Suarez, Director of Financial Crime Compliance at LexisNexis Risk Solutions, advises financial institutions across Europe on how to stay aligned with anti-money laundering rules, counter-terrorist financing policies, and customer due diligence standards. Speaking with The CFO at the sidelines Money20/20 Europe in Amsterdam, Suarez was clear on one thing. The acceleration of payments infrastructure, […]

NFC Release 15: The What, Why and How

NFC-Forum

“The latest version of NFC Forum specifications – NFC Release 15 – extends the operating volume of NFC Forum-compliant devices to 2 cm. We spoke with Preeti Ohri Khemani, NFC Forum Chair, on what this means, why it matters and how it will impact the industry.”

China Talks up Digital Yuan in Push for Multi-Polar Currency System

Reuters

“The head of China’s central bank pledged to expand the international use of the digital yuan and called for the development of a multi-polar global currency system, where several currencies dominate the world economy. China will establish an international operation centre for e-CNY in Shanghai, People’s Bank of China Governor Pan Gongsheng said on Wednesday […]

A Hong Kong First: Airwallex Yield Fully Launches to Empower Businesses with Competitive, Highly Liquid Returns

Airwallex

“Airwallex, a leading global financial platform for modern businesses, announced the highly anticipated full launch of Airwallex Yield in Hong Kong. As the first global payments group to receive a licence from the Securities and Futures Commission of Hong Kong (SFC) to provide asset management services, Airwallex is empowering businesses to earn competitive returns up […]

Central Bank of Kenya Extends Kenya Electronic Payment and Settlement System (KEPSS) Payment Hours to 7PM Starting July 1 to Support 24/7 Economy

Kenyans

“The Central Bank of Kenya (CBK) has announced a major change to the country’s banking operations as part of its broader strategy to modernise and strengthen Kenya’s financial infrastructure. Effective July 1, 2025, the Kenya Electronic Payment and Settlement System (KEPSS) working hours will be from 7am to 7pm on all business days. This is […]

Zelle Owner Taps Fiserv to Jump-Start Mobile Wallet

American Banker

“Early Warnings Services wants a quick route to expand its Apple Pay rival Paze digital wallet by turning to the financial technology industry’s massive distribution networks. Early Warning, which operates the popular Zelle transfer app and the newer Paze digital wallet, said that it is partnering with bank technology company Fiserv to expand Paze wallet […]

Senate Passes Cryptocurrency Bill, Handing Industry a Victory

The New York Times

“The Senate on Tuesday passed legislation to establish a regulatory framework for stablecoins, putting the cryptocurrency industry, which had long been viewed with suspicion by lawmakers in Washington, on the brink of a major policy breakthrough. Bipartisan approval of the bill, known as the GENIUS Act, followed an aggressive lobbying campaign aimed at transforming the […]

Cardless Unveils Embedded Credit Card Platform, with Coinbase as First Partner

Business Wire

“Cardless announced the launch of its embedded credit card platform, a breakthrough solution designed to help brands build their own credit card programs. Coinbase, the largest U.S.-based cryptocurrency platform, is the inaugural partner utilizing this infrastructure to build the Coinbase One Card, a premium consumer credit offering for Coinbase loyalty members integrated directly into the […]

Gr4vy to Enhance Payment Flexibility for Grammarly

GR4VY

“Gr4vy , the cloud-based payment orchestration platform, announced that Grammarly has chosen the company’s no-code cloud system to create bespoke checkout experiences for its millions of users. Grammarly needed a solution that would allow it to optimize its payment performance by integrating multiple payment service providers (PSPs) without the complexity of direct integrations—an effort that […]

June 17, 2025

One Month to Go! Have You Finalized Your ISO® 20022 Preparedness and Contingency Plans?

FRB Services

“In less than one month, Federal Reserve Financial Services (FRFS) will transition to the ISO 20022 format for the Fedwire® Funds Service on July 14, 2025. As part of your overall readiness preparations for the upcoming migration, we highly recommend that you finalize your preparedness and contingency plans as soon as possible. It is critical that you have […]

eTip Collaborates with Visa to Deliver Rapid, Secure Digital Tip and Wage Payments to Digital Wallets

PR Newswire

“eTip, the award-winning benefits platform specializing in digital tipping for hospitality and service industries, today announced a new collaboration with Visa to help deliver funds directly to participating digital wallets in real-time. Now, service industry professionals—from hotel staff to restaurant workers—can quickly send funds to their participating financial apps such as Venmo and PayPal without […]

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