Industry

US ATMs Celebrate 57th Birthday

ATM Marketplace

“The first ATM was installed in the U.S. 57 years ago on Sept. 2, 1969 in the town of Rockville Center of Long Island, New York. It was deployed for Chemical Bank by the company Docutel. This was not the first ATM to be deployed, as that honor is held by a Barclays Bank location […]

Companies Domains

Anthropic Debuts Claude Features Focused on Agentic Commerce

Digital Commerce 360

“Anthropic made its ambitions to compete against OpenAI and Google in agentic commerce clear with the release of new features for Claude. The new Claude options will build on what Anthropic has already learned, observing how retailers have built and used custom agents with the existing platform. Anthropic will provide pre-built designs for agents. In […]

Tags: Remote Commerce

Companies

Finzly Introduces Assure, AI-Powered Security, Assurance and Intelligence Layer

Finzly

“Finzly announced the launch of Assure, an AI-powered security and assurance layer as part of its Agentic Galaxy suite of AI capabilities, powering the infrastructure for BankOS, its modern operating system for banks. Rather than relying on point AI solutions stitched together after deployment, banks running BankOS get AI-powered security, compliance monitoring and operational resilience woven […]

Tags: Finzly

Industry

Open Banking Has Proved Data Sharing Can Work – Now It Has to Prove It Can Create Value

Open Banking Expo

“The UK’s Open Banking ecosystem recently passed two significant milestones : more than one billion payments and 100 billion API calls across the CMA9 banks. Those figures matter. Open Banking is no longer an experiment operating at the edges of financial services. The infrastructure works at scale, adoption is growing and the market is moving […]

Companies

Payment Provider Blik to Block Illegal Gambling Transactions in Poland

Focus Gaming News

“The platform will block payments linked to operators on Poland’s register of illegal gambling sites. Poland. The Polish mobile payment provider BLIK has introduced a new measure to block transactions connected to illegal gambling websites, both within the country and abroad. Effective from September 1, the block is triggered when a payment is linked to a domain […]

Companies Systems

Education: Mastercard - What’s in the Cards?

Mastercard

“The credit card is one of the most recognizable totems of modern commerce. Billions and billions of cards have been produced over the decades, and while the dimensions have largely remained the same, new technology, design trends and concerns about accessibility and sustainability have evolved how they look, feel and work. Here’s a brief look […]

Tags: Cards Mastercard

Companies

UK Fintech Revolut Gains Conditional US Banking License

Yahoo Finance

“British digital bank Revolut announced it has won conditional approval for a US banking license, bringing it a major step closer to launching as a national bank in the United States.  The approval by the US Office of the Comptroller of the Currency opens the door to Revolut eventually offering loans, credit cards and insured […]

Tags: Revolut

Companies Global

Monetary Authority of Singapore: Consultation on Proposed Amendments to the Payment Services Act 2019 for Stablecoins Regulation

MAS

“This paper sets out proposed legislative amendments to the Payment Services Act 2019 to introduce the regulatory framework for stablecoins in Singapore, as well as proposals on further requirements taking into account stablecoin developments since 2023. MAS invites comments from interested parties on the proposals set out in the consultation paper.”

Tags: Monetary Authority of Singapore

Companies Global Systems

Brazil, ECB Studying Instant Payments Link in Potential First Cross-Border Move for Pix, Sources Say

MarketScreener

“Brazil’s central bank and the European Central Bank (ECB) are studying a potential link between their instant payment systems, two people with direct knowledge of the matter said, in a move that could mark the first cross-border expansion of Brazil’s successful Pix platform. The sources, who spoke on condition of anonymity, said the discussions reflect […]

Tags: Faster payments

Companies

Citi’s Services Business Pioneers Live Transactions on Swift’s Ledger, Collaborating with FAB and OCBC to Redefine Always-On Global Payments

Business Wire

“Citi announced that it has successfully processed live transactions on Swift’s blockchain-based ledger, marking a significant milestone in its strategy to deliver always-on, cross-currency, and interoperable payment solutions for its institutional clients. As the first U.S. bank to conduct live native ledger transactions, Citi has collaborated with First Abu Dhabi Bank (FAB) and Oversea-Chinese Banking […]

Tags: Citi

Companies

FIS Launches Embedded Banking Platform, Letting Banks Deliver Accounts and Payments Inside Business Software

FIS Global

“FIS® announced the launch of FIS® Embedded Banking Platform, its first embedded finance offering built specifically for banks. The platform enables U.S. banks to offer banking services directly within the business software their corporate customers use daily. Corporate customers increasingly expect to do their banking natively inside the software they use to run their business […]

Tags: FIS

Industry

NYC’s Click-to-Cancel Rule Takes Effect Oct. 1, Making It Easier to End Subscriptions

Scripps News

“New York City will become the first municipality in the country with its own click-to-cancel rule when new consumer protections take effect Oct. 1.  The rule requires companies to offer a straightforward cancellation process in the same method customers used to sign up, so if a customer subscribes for a service online, it must be just as easy to cancel […]

Companies Domains

FedNow and the Development of U.S. Fast Payments

Federal Reserve Bank of Richmond

“FedNow is a real-time payment service developed by the Federal Reserve that enables individuals and businesses to send and receive instant payments around the clock through participating financial institutions. But how does it compare to competitors and other payments alternatives? In this article, we examine FedNow’s adoption and usage pattern and compare it to other […]

Tags: Fast Payments Federal Reserve

Companies Domains Global

India Stalls Alipay+ Payments Link over Security, Data Concerns, Sources Say

Reuters

“Alipay+’s proposal to link with India’s instant payments system for cross-border transactions has been stalled due to national security concerns ‌in New Delhi and questions about the storage and use of customer data, three sources familiar with the discussions said. The proposal, made by Alipay+ in January, was the first by a China-linked entity in the […]

Tags: Alipay China Fast Payments India

Companies Global

KB Kookmin Bank Leverages Kinexys by J.P. Morgan for Import/Export Payments

J.P. Morgan

“KB Kookmin Bank will launch an import/export corporate payment service leveraging Kinexys by J.P. Morgan’s Blockchain Deposit Account (BDA) network. KB Kookmin Bank will be the first among Korean financial institutions to use this service for import/export companies. Remittances will be supported to a total of 10 countries. Korean importers and exporters will be able […]