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PAYMENTS ON FIRE RESOURCE CENTER

Smart thinking for smart payments professionals

Payments On Fire is the industry’s leading resource center for payments professionals. Here, you’ll find the resources and thought leadership that only Glenbrook’s experienced team can provide. Curated news stories, insightful opinion papers, provocative podcasts, and more – it’s all the thinking you need to stay competitive in a dynamic payments world.

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Payments News

Companies

RTP® Network Sets New Single-Day Record with 1.8 Million Transactions

The Clearing House

“Instant payments usage continues to accelerate in the United States as the RTP® network, the nation’s largest instant payments system operated by The Clearing House, set a new single-day record, processing 1,808,967 transactions valued at $5.2 billion. The milestone, reached on October 3, reflects the growing adoption of instant payments. The record-setting day follows a […]
Tags: The Clearing House (TCH)
Companies

Paypal’s Crypto Partner Mints a Whopping $300 Trillion Worth of Stablecoins in ‘Technical Error’

CNBC

“Paxos, the blockchain partner of PayPal mistakenly minted $300 trillion worth of the online payment giant’s stablecoin on Wednesday in what the company called a “technical error. Paxos mistakenly minted the stablecoins as part of an internal transfer, before it “immediately identified the error and burned the excess PYUSD,” the company said in a social media […]
Tags: Paxos PayPal
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