Global

India to Pitch BRICS Payment System Similar To Brazilian PIX

Watcher

“According to a report from the Revista Forum, India is set to put forward a policy at the BRICS summit to launch a new payment system similar to the Brazilian PIX for cross-border transactions among member nations. This will not be a common currency like the euro, but could mandate central banks to settle transactions […]

Industry

ISO 20022 Is Entering Its Next Phase: How Payment Providers Can Prepare for CHAPS 2027

Progress

“The next phase of ISO 20022 is not about supporting a new message format. It is about capturing, governing and acting on structured payment data across customer channels, operations, fraud controls, compliance workflows, and downstream systems. The Bank of England’s policy statement on CHAPS makes that clear. From November 2027, Purpose Codes will become mandatory […]

Industry

BetMGM is Latest Online Gambling Operator To Ban Credit Card Payments

Gaming America

“BetMGM will soon eliminate credit card deposits for all U.S. customers.  As of March 31, customers can’t add new cards to their accounts. The phasing out continues from there until credit card deposits go away entirely. BetMGM has not revealed a final date for the deposits. The operator revealed the policy change during a March 25 […]

Companies

In Data We Trust? Emerging Policy and Supervisory Approaches to AI Data Use in Financial Services

BIS

“Data play a critical role in the transformation of the financial sector through artificial intelligence (AI). While challenges in data management are not new, they pose significant barriers to the wider adoption of advanced AI systems, such as generative AI (gen AI). Key concerns include data privacy, quality and security, which are further intensified by […]

Tags: Bank for International Settlements

Industry

Top US Banks Weigh Suing Federal Regulator Over Crypto Banking Rules

The Guardian

“Some of the largest US banks are considering suing their financial regulator, arguing that a new raft of licenses for crypto, payment and fintech could put American consumers and the wider financial system at risk. The Bank Policy Institute (BPI), which represents 40 of the biggest US lenders including JP Morgan, Goldman Sachs and Citigroup, is understood […]

Global

Bank of England: Extending RTGS and CHAPS Settlement Hours – Early Morning Extension

Bank of England

“The policy statement (PS) sets out a decision to extend CHAPS settlement hours by moving the start of settlement from 06:00 to 01:30. The intention is to put this early morning extension (EME) in place in September 2027, subject to final confirmation of the planned timelines with impacted CHAPS direct participants. This decision follows our […]

Tags: England

Companies

Banks Caution Against Relaxing Standards for Fed Account Access to Preserve Financial Stability

The Clearing House

“The Bank Policy Institute, Financial Services Forum and The Clearing House Association responded to the Federal Reserve’s request for input on a special-purpose payment account, sometimes referred to as a “skinny master account.” This proposal would relax Federal Reserve master account access standards by introducing a new type of account aimed at payments companies. The […]

Tags: The Clearing House (TCH)

Companies

Jack Dorsey’s Cash App Eliminates Fees on Large Bitcoin Purchases and Recurring Buys

Crypto Briefing

“Jack Dorsey-backed Cash App is eliminating fees on Bitcoin purchases exceeding $2,000 and all recurring buys, according to a recent announcement. The policy change, which targets both transaction fees and spreads, is part of a set of Bitcoin-focused updates aimed at making the leading digital asset more practical for everyday use, the team stated.”

Tags: Block

Global

The Global Payments Reset Has Begun - And It’s Not Coming From Banks

Exchange Rates

“China’s central bank has signalled a major shift in digital-currency policy. Under a new action plan published by the People’s Bank of China, the digital yuan moves from “digital cash” to a form of deposit money: commercial banks will pay interest on e-CNY balances from 1 January 2026 and deposits will be covered by deposit […]

Tags: China

Global

India Weighing up to 25,000 Rupee Compensation for Digital‑Payment Frauds, RBI Governor Says

Yahoo Finance

“The Reserve Bank of India will propose a framework to compensate customers up ​to 25,000 rupees ($276) for losses incurred in small-value fraudulent ‌transactions, Reserve Bank of India Governor Sanjay Malhotra said on Friday. This was among a ‌series of steps announced by the RBI to enhance customer protection and increase digital payments safety.  The […]

Tags: India

Global

Why Chinas Interest-Bearing CBDC Changes Global Playbook

India

“On January 1, 2026, China crossed a line most central banks have deliberately avoided. The digital yuan (e-CNY) began paying interest. According to Reuters, verified wallet holders will now earn interest at demand deposit rates under a new management framework that took effect the same day. This is a deliberate digital payments policy choice that […]

Tags: China

Industry

Banks Respond to Proposed Cap on Credit Card Interest Rates

Bank Policy Institute

“The Administration announced plans to issue an executive order imposing a temporary 10% cap on credit card interest rates. The Bank Policy Institute, American Bankers Association, Consumer Bankers Association, Financial Services Forum and Independent Community Bankers of America issued a joint statement: “We share the President’s goal of helping Americans access more affordable credit. At […]

Industry

4 Things to Know About Crypto Market Structure Legislation

Bank Policy Institute

“As the Senate prepares to consider crypto market structure legislation, here are four key things to know about the risks unregulated crypto poses to consumers and the banking system and how a comprehensive approach can solve for these risks while promoting responsible innovation.”

Industry

Stablecoin Interest Ban Puts US at Disadvantage Against China

MSN

“Coinbase’s Chief Policy Officer, Faryar Shirzad, warned U.S. lawmakers that they risked handing China a major advantage if they limited rewards on U.S.-issued stablecoins. The CPO emphasized China’s recent push to pay interest on its central bank digital currency (CBDC), the digital yuan, to increase stablecoin adoption in the country.”

Industry

Federal Reserve Withdraws Restrictive 2023 Policy Severely Limiting ‘Novel’ Crypto Activities

Finance Feeds

“The Federal Reserve Board took a step by officially withdrawing a restrictive 2023 policy statement that had effectively barred many state-chartered banks from the cryptocurrency sector. By rescinding this guidance, the central bank is creating a new pathway for both insured and uninsured state member banks to seek permission for “innovative activities,” signaling a broader […]