Global

Canada Approves Budget That Advances Policy for Stablecoins

CoinDesk

“Parliament narrowly passed Prime Minister Mark Carney’s first budget. A section governs the issuance of stablecoins, overseen by the Bank of Canada. Issuers in Canada must maintain one-to-one reserves “composed exclusively of the reference currency or other high-quality liquid assets,” allow immediate redemptions and meet a suite of requirements on risk management in times of […]

Tags: Canada

Industry

Wirex and Stellar Go Live with Dual-Stablecoin Visa Settlement in USDC and EURC for 7 Million+ Users

PR Newswire

“Wirex, a global leader in digital payments and principal member of Visa, has announced that dual-stablecoin settlement using USDC and EURC on the Stellar blockchain is now live, marking a major milestone in blockchain-powered finance. This rollout, in partnership with the Stellar Development Foundation (SDF), enables on-chain settlement of card payments using USDC and EURC.”

Industry

Slope and Samsung Bring Net 60/90 to Samsung Business Checkout, Powered by Real-Time AI Underwriting

Business Wire

“Slope, the AI-powered credit and risk infrastructure provider backed by J.P. Morgan and Samsung Electronics America, announced a partnership to offer U.S. business buyers flexible payment options directly within Samsung Business checkout. Eligible buyers will see both Net 60 and Net 90 options with instant credit decisions powered by Slope’s real-time underwriting, giving buyers greater […]

Industry

Another Merchant Lawsuit Settlement Is Reached, This One on EMV-Related Chargebacks

Digital Transactions

“The U.S. District Court for the Eastern District of New York announced a $231.7 million settlement was reached Oct. 17 in the class action lawsuit B & R Supermarket, Inc., et al. v. Visa, Inc. et al., Case No. 1:17-cv-02738-BMC-JAM (E.D.N.Y.). The suit alleged that American Express Co., Discover Financial Services, Mastercard Inc., and Visa Inc. violated […]

Companies

Digital Defenders: Leveraging Risk Signals to Help Combat Fraud and Scams

The Federal Reserve

“The payments industry is beginning to leverage broader digital risk signals to better detect and mitigate fraud and scams. Legacy fraud detection traditionally has relied heavily on rules-based systems that are less able to detect evolving threats, such as fraud caused by generative artificial intelligence (AI), deepfakes and other relatively new technologies. In comparison, a […]

Tags: Federal Reserve

Companies

Global Payments Announces Uber Eats Partnership at Inaugural Genius User Conference

Global Payments Inc.

“Global Payments announced it has joined forces with Uber Eats to help restaurants in the U.S. and Canada deliver better customer experiences and drive growth. Restaurants that use Genius, Global Payments’ flagship POS offering, will now have the Uber Eats platform seamlessly integrated into their system as Global Payments makes Uber Eats its preferred delivery […]

Tags: Global Payments Inc.

Companies

Intuit and OpenAI Join Forces to Revolutionize Financial Intelligence, Powering Every Person, Business, and Dream with Personalized Experiences

Intuit Inc.

“Intuit Inc. announced a multi-year, strategic partnership with OpenAI to create the future of Financial Intelligence by bringing together leading platforms to drive the next era of growth with Intuit-powered apps in ChatGPT. ChatGPT users will be able to take trusted, secure, and accurate financial actions through these apps, which can be directly accessed within […]

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Global

Brazil Eyes Taxing Crypto for Cross-Border Payments, Sources Say

Reuters

“Brazil is looking at taxing the use of cryptocurrencies for international payments, two officials with direct knowledge of the discussions told Reuters, closing a loophole in the country’s usual levy on foreign-exchange transactions. One of the sources, who spoke on condition of anonymity about the confidential talks, said the Finance Ministry is looking at expanding […]

Tags: Brazil

Companies

The Upgraded M-PESA Engine Taking Shape Beneath One of Africa’s Busiest Financial Networks

TechTrends

“Safaricom has entered a period defined by engineering decisions rather than spectacle. The total customer base now sits above sixty million. The newest features lean into habits that already exist in the market. Shared wallets give households and partners a way to run certain payments jointly. The feature lets two individuals operate a single balance […]

Tags: Safaricom

Companies

Cash App Debuts a New AI Assistant That Answers Questions About Your Finances

TechCrunch

“Cash App released a slate of new features as part of its fall update, including an AI chatbot that can answer questions about users’ finances, a new benefits program, and the ability to discover places that accept Bitcoin payments and make Bitcoin payments using USD. The company is launching an assistant called Moneybot that can […]

Tags: Block

Industry

The Shift to Consumer Fraud in the Digital Age

Bank Info Security

“Digital transformation accelerated by the pandemic created multiple entry points for fraudsters to exploit, shifting their focus from institutions to individual consumers. Fraud-as-a-service platforms have democratized sophisticated attacks, allowing anyone to buy software that executes phishing campaigns, ransomware or other malware with just a click. Combined with AI-driven data mining, fraudsters can now launch hyper-realistic, […]

Companies

Paytm Unveils All-New App With Clean Interface, AI Features to Enhance Payment Experience

PTI News

“Paytm has launched a fully redesigned version of its flagship app, integrating artificial intelligence-driven features to streamline and personalise everyday transactions for its users. The update introduces a cleaner user interface alongside over 15 new features that seek to make payments faster and smarter for customers across the country, including Non-Resident Indians (NRIs) in 12 […]

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Companies

8 Reflections from Swift at Sibos 2025

Swift

“The theme of this year’s event was ‘The next frontiers of global finance’. More than 500 expert speakers joined us to discuss topics like the interoperability of digital assets, T+1 settlement and the use of AI in combatting payments fraud. Read on to discover eight key takeaways from this year’s event.”

Tags: Swift

Companies

Ant International Deepens Participation in Project Ensemble as New Architecture Community Member

Business Wire

“Ant International announced it has joined Project Ensemble’s Architecture Community to support the design and advancement of Hong Kong’s tokenisation ecosystem. As a Community member, it will be more involved in defining industry standards and supporting the development of Hong Kong’s tokenisation market, together with the Hong Kong Monetary Authority (HKMA) and leading peers.”

Tags: Ant International

Companies

Block Launches 'Bitcoin is Everyday Money' Campaign, Calls for De Minimis Tax Reform

Business Wire

“Block, Inc. launched “Bitcoin is Everyday Money,” a campaign advocating for a de minimis tax exemption that would modernize how bitcoin is treated under U.S. tax law. Nearly 50 million Americans currently own bitcoin. Starting November 10, 2025, millions of Square sellers in the U.S. became eligible to accept bitcoin at the point of sale. […]

Tags: Block