Industry

Wyoming Makes Gov Fintech History With Launch of First US State-Issued Stablecoin

Global Government Fintech

“The US state of Wyoming has this week announced the ‘mainnet’ launch of its own stablecoin – the Frontier Stable Token (FRNT). FRNT is a groundbreaking digital money programme for the public sector as the first fiat-backed, fully-reserved stablecoin issued by a public entity in the US – an eye-catching development given that traditional stablecoins […]

Global

Tide Strips Card Numbers to Reduce Card Fraud Risk

Startups Magazine

“Tide has become the first UK provider of business cards to remove printed numbers from its cards – eliminating its own exposure to several major types of card fraud that rely on visible card details. New Tide cards will no longer carry a printed long card number, expiry date, or three-digit security code. Darren Deal, […]

Tags: UK

Companies Global

Paytm’s Unit Gets Indian Central Bank Nod to Operate as Online Payment Aggregator

Reuters

“Indian fintech firm Paytm’s Payment Services unit has got ‘in-principle’ approval from the country’s central bank to operate as an online payment aggregator. In August 2024, the company had said it would submit an application with the Reserve Bank of India to seek a payment aggregator license. That move came seven months after the central […]

Tags: India Paytm

Industry

Corpay Partners With Circle Group to Expand Stablecoin Access

MSN

“Corporate payments company Corpay has joined forces with a subsidiary of fintech firm Circle Internet Group to incorporate the use of stablecoins in its cross-border payment services. The tie-up will enable the use of US Dollar Coin (USDC) within Corpay’s payment infrastructure, granting businesses with the ability to access 24/7 settlement times and features of […]

Industry

Handwave Lends a Hand to Retailers With Its European Alternative to Amazon’s Palm Payments

TechCrunch

“Paying with a handwave once sounded like science fiction, but contactless palm recognition service Amazon One has already been used more than 8 million times, according to the company. That’s Amazon, though, which explains why it has been deployed in Amazon stores and more than 500 Whole Foods Market stores in the U.S., but only 150 third-party locations. […]

Companies

Visa Brings Google Pay Integration to Fleet Cards, Enabling Tokenization and Push-to-Wallet Across the Digital Wallet Ecosystem

Visa

“Visa announced a major advancement for Fleet Operators. With the addition of Google Pay tokenization and push-to-wallet, Visa addresses the long-standing challenge of fleet data tags being tied solely to the plastic card chip. Now, fleet data tags can be configured by the issuer, fintech, or processor, allowing custom data tags to be dynamically provisioned […]

Tags: Visa

Companies

Kenya: M-Pesa Partners With PayPal for Cross-Border Payments

Africa News Agency

“On July 21, Kenya’s leading mobile money platform, Safaricom’s MPesa, partnered with PayPal, enabling over 30 million users to send and receive money globally. This integration enhances cross-border fintech capabilities and supports e-commerce growth across Africa. The move reflects growing investor confidence in African digital finance and positions Kenya as a regional fintech hub amid rising […]

Tags: PayPal

Companies

Lloyds to Acquire Curve in $161.2m Digital Wallet Deal

IBS Intelligence

“Lloyds Banking Group to acquire Curve, a digital wallet FinTech, for around $161.2 million by the end of September to help make everyday banking simpler and more convenient for its customers. Founded in 2015, Curve has emerged as a leader in digital wallet innovation, enabling customers to consolidate multiple payment cards into a single smart card, complemented by an […]

Tags: Curve Lloyds

Companies

Stripe Acquires Orum to Expand Capabilities in Real-Time Payments and Bank Account Verification

FinTech Magazine

Stripe has announced the acquisition of Orum, a U.S.-based financial technology company specializing in payment orchestration and bank account verification. The acquisition adds new infrastructure to Stripe’s non-card payments strategy. Orum has developed products that facilitate instant transfers and rapid bank authentication. Its platform supports multiple U.S. payment rails including ACH, RTP, and FedNow, enabling […]

Tags: Stripe

Industry

JPMorgan's New Fintech Fees Spark Industry Backlash

Ainvest

“JPMorgan Chase now charges fintech firms for customer data access, breaking from free data-sharing norms via intermediaries like Plaid. Legal battles persist over CFPB’s Open Banking Rule, with banks arguing security risks while fintechs claim restricted competition and consumer choice. Critics warn data fees could stifle innovation and centralize financial control, shaping the future of […]

Companies

U.S. Bank Deepens Focus on CX Through Its Recent Embedded Payments Suite Expansion

Tearsheet

“Designed to operate behind the scenes — within websites, mobile apps, enterprise software, or fintech platforms — the new features of the embedded payments suite help businesses deliver a simplified payment experience without redirecting users to external sites or relying on multiple vendors. Whether it’s paying suppliers, disbursing funds to users, or employee transactions, the […]

Tags: U.S. Bank

Companies

Stripe’s Bridge-Visa Card Offering Aims to Expand Global Financial Services Reach While Maintaining a Seamless User Experience

Fintech Magazine

“Neetika Bansal, Head of Money as a Service at Stripe, discusses how Stripe is positioning itself at the forefront of the stablecoin revolution with its Bridge-Visa card product, which the company believes represents a significant step forward in marrying traditional financial systems with digital currencies.”

Tags: Stripe

Companies

JPMorgan Plans to Charge Fintechs for Customer Data, Bloomberg News Reports

Reuters

“JPMorgan Chase is planning to impose fees on fintech companies for access to its customer bank account data, Bloomberg News reported, citing people familiar with the matter. The largest U.S. lender has sent pricing sheets to data aggregators – intermediaries that link banks with fintech platforms – outlining new charges that may vary by use […]

Tags: JPMorgan Chase

Global

Hokkoku, Soft Space to Unveil SoftPOS Supporting Stablecoin Payments [Japan]

Yahoo Finance

“Hokkoku Financial, in collaboration with fintech firm Soft Space, has revealed plans to launch a SoftPOS solution. The solution enables merchants to process contactless card payments and regulated stablecoin transactions using mobile devices.”

Tags: Japan

Companies

InComm Payments Picks NCR Atleos for Cardless ATM Cash Pickup

ATM Marketplace

“InComm Payments partnered with NCR Atleos to use its ReadyCode API for cardless cash pickup at more than 23,000 ATMs, according to a press release. Through this partnership, InComm Payment’s fintech and banking partners can offer customers a code through their apps to provide the cardless cash pickup. ReadyCode is active at ATMs in more […]

Tags: Incomm Payments