Companies

Tencent Eyes Thai Market for Palm Biometric Payments in Race With Alipay

GlobalData

“Tencent is positioning Thailand as a testing ground for its palm biometric payment system, aiming to capitalise on the nation’s digital transformation push and “Cloud First” policy. The move signals a strategic play to outpace rival Alipay in Southeast Asia’s rapidly expanding fintech sector.”

Tags: Tencent

Data Merchants Payment Operations Payment Service Provider

Episode 264 - A PSP’s Guide to Maximizing Merchant Performance, with Brant Peterson, Worldpay

In our next episode in a payments optimization series, Brant Peterson, Head of Enterprise Product, North America at Worldpay, joins Drew Edmond to talk about payment optimization through the perspective of a payment service provider (PSP).

Companies

Project Pine: Central Bank Open Market Operations With Smart Contracts

BIS

“Project Pine is a joint research study by the New York Fed’s New York Innovation Center and the BIS Innovation Hub Swiss Centre that explores if and how central banks can implement monetary policy in a potential future state where the financial sector widely adopts tokenisation in wholesale markets.”

Tags: Bank for International Settlements Federal Reserve

Global

NPCI’s Netbanking 2.0 Looks to Replicate UPI Success, but Challenges Loom

Policy Circle

“The National Payments Corporation of India is set to give the net banking system a major makeover, aiming to replicate the revolutionary success of Unified Payments Interface and make online transactions even easier for users. The ambitious project, called Netbanking 2.0, is being spearheaded by NPCI’s subsidiary, NPCI Bharat BillPay Ltd, and is expected to go live […]

Tags: India

Glenbrook

Celebrating the Expansion of Glenbrook's Leadership Team

Glenbrook is celebrating the expansion of its leadership team by announcing the promotions of Simon Skinner and Joanna Wisniecka to Associate Partner. 

Industry

Joint Trades Respond to CFPB’s Emerging Payments Interpretive Rule

Bank Policy Institute

“The Clearing House Association, the Bank Policy Institute, and the Consumer Bankers Association submitted a comment letter in response to the Notice of Proposed Interpretive Rule and request for comment regarding Electronic Fund Transfers Through Accounts Using Emerging Payment Mechanisms. The Emerging Payments Rule purports to apply Regulation E to new products, including virtual currencies, […]

Companies

TreviPay Launches Advanced Purchase Controls to Streamline B2B Purchasing and Enhance Compliance

Business Wire

“TreviPay announced the release of advanced purchase controls to allow businesses to configure and enforce customized B2B purchase policy structures that align with their procurement requirements. The new functionality, now available to TreviPay clients, addresses pain points in the B2B purchasing process by automating controls that reduce payment delays, minimize manual reconciliation work and enhance […]

Tags: TreviPay

Global

India’s Digital Payments Face Sustainability Test as Zero MDR Bites

IBS Intelligence

“Zero MDR (Merchant Discount Rate) Policy refers to the government’s directive that payment service providers cannot charge merchants any fee (MDR) on transactions made through certain digital payment methods, such as UPI and RuPay debit cards. While this policy encourages digital payment adoption among small businesses by making transactions free for them, it has raised concerns […]

Tags: India

Companies

TreviPay Launches Advanced Purchase Controls to Streamline B2B Purchasing and Enhance Compliance

TreviPay

“TreviPay announced the release of advanced purchase controls to allow businesses to configure and enforce customized B2B purchase policy structures that align with their procurement requirements. The new functionality addresses pain points in the B2B purchasing process by automating controls that reduce payment delays, minimize manual reconciliation work and enhance overall compliance.”

Tags: TreviPay

Regulation

OCC Withdraws Policy on Bank Engagement With Cryptocurrency

ABA Banking Journal

The Office of the Comptroller of the Currency published an interpretive letter rescinding the agency’s policy on bank engagement with cryptocurrency “to reaffirm that a range of cryptocurrency activities are permissible in the federal banking system,” according to an agency statement.

Tags: OCC

Artificial Intelligence Identity Payments Fraud

Episode 257 - Scams, Stings, and Swindles in Payments - Catching up with David Maimon, SentiLink

In this episode, David Maimon, Head of Fraud Insights at SentiLink, joins Yvette to discuss the evolution and resurgence of check fraud, the increasing sophistication of fraud rings targeting banks and the government, and the adaptation of new technologies, including Generative AI, for criminal activity.

Banking Industry Embedded Finance Financial Inclusion Fintech Regulatory Environment

Episode 256 - Banking on Fintech, with Anthony Sharett, Pathward

In this episode, Anthony Sharett, President of Pathward, joins Glenbrook’s Bryan Derman to share insights on the evolving partner banking space, the importance of risk and compliance frameworks, and Pathward's mission of financial inclusion. Tune in as they also discuss potential policy and regulatory changes due to implications of major discrepancies in the banking-as-a-service arrangement between fintech platform Synapse and its banking partners.

Companies

Privacy-Enhancing Technologies for Digital Payments: Mapping the Landscape

BIS

“The increasing use of digital payments, smartphones and data-driven technologies makes privacy a critical issue in the public policy discussion of digital money. The paper explores how technology can address these concerns, offering a comprehensive evaluation of privacy-enhancing technologies for large-scale payment systems.”

Global

El Salvador Plans Bitcoin Policy Changes to Secure $1.3b IMF Loan

Cointelegraph

“El Salvador, the first country in the world to accept Bitcoin as legal tender, is reportedly scaling back its BTC ambitions under pressure from the International Monetary Fund (IMF).”

Tags: El Salvador

Companies

Consumer Credit Cards Show Few Signs of Financial Stress

Kansas City Fed

“The Federal Reserve began tightening monetary policy in March 2022 to combat higher inflation. This tightening, in turn, increased borrowing costs for a wide range of consumer financial products such as auto loans, mortgages, and credit cards. Higher borrowing costs can dampen demand as households use more disposable income to service interest expenses, which, in […]

Tags: Federal Reserve