Fintech News

FEBRUARY 11, 2025

The Monetary Authority of Singapore ( MAS ) and the Association of Banks in Singapore ( ABS ) have announced plans to establish a new entity to oversee Singapores national payment schemes. Further details on the entitys name, governance structure, and board composition will be announced later this year.

Cross-Border Payments 87

Cross-Border Payments Cross-Border Payments Authorization 87

The Fintech Times

MARCH 4, 2025

.” Required reform Despite attempts by previous UK Governments to boost Pension Credit take-up, including awareness campaigns, numbers have remained low. The UK Government and local authorities must work together to drive take-up for benefits such as Pension Credit and Housing Benefit. Something has to change.

Social Security 69

Social Security Governance Government Automation 69

Basis Theory

NOVEMBER 12, 2024

Authentication and Authorization With encryption, the key used to decrypt the data is how you authorize and retrieve the data. With tokenization, there may be a multitude of ways to authenticate and authorize depending on the tokenization platform. Tokens, on the other hand, do not depend on the sensitive data to be created.

Encryption 157

Encryption Payment APIs and Integration PCI DSS Returns 157

The Payments Association

FEBRUARY 14, 2025

Safeguarding customer funds The Financial Conduct Authority (FCA) has proposed significant changes to the safeguarding regime for payments and e-money firms. The Government has confirmed its plans to regulate cryptoassets, which includes regulating for stablecoins simultaneously. The FCA sees industry collaboration as critical.

Stablecoins 88

Stablecoins Payment APIs and Integration Regulatory Compliance Compliance 88

The Payments Association

JUNE 3, 2025

This misconception has shaped many CBDC proposals, which tend to replicate traditional account-based structures under the control of central authorities or delegated intermediaries. CBDCs that allow authorities to track money not only when it moves but also when it remains stationary undermine trust.

CBDC 88

CBDC Cross-Border Central Bank Cross-Border Payments 88

The Payments Association

JULY 18, 2025

Viewing these initiatives as a whole presents a clear regulatory trajectory: accelerated timelines, harmonised standards, and enhanced scrutiny across governance, conduct, and technology infrastructure. Conduct a gap analysis across marketing, onboarding, complaints, and governance to align with upcoming FCA expectations.

Regulations 88

Regulations Payment APIs and Integration Payments Legal 88

Fintech Finance

MARCH 12, 2025

“While we support an improved and effective regulatory environment, we express concern that the Financial Conduct Authority (FCA) already operates under significant pressures.

Government 59

Government Governance Regulations Payments 59

Cardfellow

JUNE 25, 2025

Visa Chargeback Reason Codes In 2018, Visa consolidated its list of reason codes into 4 categories: fraud, authorization, processing errors, and consumer disputes. Declined Authorization 11.3: No Authorization 12.1: Declined Authorization 11.3: No Authorization 12.1: Declined Authorization 11.3:

Disputes 98

Disputes Credit Cards Card Association Acquirers 98

The Fintech Times

MARCH 3, 2025

The Payments Association , the trade group representing the payments sector, has launched its Payments Manifesto for 2025, urging the UK government to modernise the payment infrastructure to ensure consumer protection. This follows the publication of the governments National Payments Vision and Strategy (NPV&S) late last year.

Government 59

Government Governance Financial Inclusion Consumer Protection 59

The Fintech Times

JULY 10, 2025

Recognising the impact on cash flow and business viability, the UK Government has also reinforced its Fair Payment Code , urging prompt payment practices across supply chains. Regulated across multiple jurisdictions, including by the UK’s Financial Conduct Authority , it enables payouts in over 150 countries and more than 46 currencies.

Multi-Currency 59

Multi-Currency Fraud Detection Automation APACS 59

Finextra

JULY 2, 2025

They can integrate real-time ESG scoring by licensing third-party data feeds and embedding them into payment authorizations. Governments can create taxonomies and incentives, offering breaks or subsidies for ESG-tagged transactions and sustainable procurement. It expresses the views and opinions of the author.

Transactions 59

Transactions ISO 20022 Payment APIs and Integration Payments 59

Finextra

JUNE 10, 2025

government is laying the groundwork for regulations that will support the growing digital asset economy. External This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. It expresses the views and opinions of the author.

Settlement 52

Settlement Gateways Payments BNPL 52

The Fintech Times

DECEMBER 9, 2024

The move follows the agencys use of a dormant legal authority revived in 2022 to oversee nonbank entities deemed to pose risks to consumers. The tech giant has now taken the dispute to court, challenging the agencys authority to impose supervision.

Consumer Financial Protection Bureau (CFPB) 75

Consumer Financial Protection Bureau (CFPB) CFPB Regulations Legal 75

The Fintech Times

NOVEMBER 8, 2024

The Land Transport Authority of Singapore (LTA) will now be able to disburse mobilisation advance payments to its main contractors with better transparency as a result of the multinational banking and financial services corporation, OCBC , integrating a blockchain-based conditional payments solution with its business banking platform.

Blockchain 59

Blockchain Payments Payment Solutions Authorization 59

Fintech News

JANUARY 9, 2025

Distributing transaction validation responsibilities across network nodes reduced reliance on central authorities, enhancing resilience and operational efficiency. Corda leveraged a notary system for transaction validation, while Hyperledger Besu used a proof-of-authority consensus mechanism to ensure robust processing.

Distributed Ledger Technology (DLT) 127

Distributed Ledger Technology (DLT) Multi-Currency Interoperability ISO 20022 127

Finextra

JULY 13, 2025

Governments may embrace stablecoins as complementary tools to lower remittance costs and increase inclusion. External This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. It expresses the views and opinions of the author. As more CBDCs (e.g.,

Stablecoins 98

Stablecoins Cross-Border Volume Wire Transfer 98

Fintech Finance

JUNE 26, 2025

The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) today jointly announced the incorporation of Singapore Payments Network (SPaN), which will administer and govern Singapore’s national payment schemes [1].

Payment Networks 59

Payment Networks Cross-Border Payments Payments Cross-Border 59

Fintech News

MARCH 6, 2025

The event spans sectors from public services and smart cities to finance, retail, and manufacturing, fostering collaboration between tech companies, unicorn founders, AI startups, governments, and R&D experts.

FinTech 102

FinTech NFTs AI Blockchain 102

Fintech Finance

OCTOBER 29, 2024

Sibstar, the UK’s leading debit card and app for people living with dementia, is today calling for banks and governments to work closer together to ensure safer spending for financially vulnerable people. Sibstar is the UK’s first debit card and app that helps families living with dementia to safely manage their everyday spending.

Financial Inclusion 128

Financial Inclusion Debit Card Scams Governance 128

Finextra

JUNE 13, 2025

It streamlines compliance, enhances governance, and dramatically lowers the threat posed by internal errors, third-party risks, and increasingly sophisticated attacks. External This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The time to act is now.

Data Security 59

Data Security Payments Data Security ISO 20022 59

Finextra

JULY 3, 2025

They shine in markets where cash-in/cash-out, P2P transfers, airtime top-ups, and government disbursements are common. External This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. It expresses the views and opinions of the author. Choose smart.

eWallet 52

eWallet Payment APIs and Integration PCI DSS Online and Mobile Banking 52

The Fintech Times

NOVEMBER 2, 2024

King Jigme Khesar Namgyel Wangchuck serves as the head of state, while Prime Minister Lotay Tshering leads the government. Despite its historical lag in technology adoption, recent years have seen significant government efforts to expand ICT and telecommunications infrastructure.

Financial Inclusion 69

Financial Inclusion Technology FinTech Credit Cards 69

Stax

NOVEMBER 14, 2024

These are not banks, but rather governing bodies that set interchange rates, and arbitrate between acquiring and issuing banks. In this context, they accept the funds from the sale once a card is authorized and deposit them into the business’ bank account. The terminal then contacts the credit card processing company for authorization.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Payment APIs and Integration 88

Stax

MARCH 18, 2025

It authorizes or declines payments based on available funds and fraud checks. Card networks – The organizations that govern credit and debit card transactions. Payment information is encrypted and sent for authorization – The payment gateway encrypts and sends the payment details to the payment processor.

Process 88

Process Payment APIs and Integration Processors Online and Mobile Banking 88

Finextra

JULY 1, 2025

These aren’t technology failures but governance failures. But when access is rushed or inconsistently governed, APIs become vulnerable and customer data is exposed. External This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Common causes?

Embedded Finance 59

Embedded Finance Finance Payment APIs and Integration API 59

Finextra

JULY 14, 2025

In March 2025, the White House issued a mandate requiring that, by the end of fiscal year 2025, nearly all federal government payments—including tax refunds—must transition from paper checks to electronic channels, primarily through the Automated Clearing House (ACH) network. It expresses the views and opinions of the author.

ACH 52

ACH Checks Tax Refunds Risk 52

Fintech News

JUNE 5, 2025

From Singapores Smart Nation initiative to Australias Consumer Data Right (CDR) and Indonesias open banking ambitions, governments across the region are actively promoting digital transformation within the financial sector. This highlights the immense opportunity for growth as the country progresses with digital banking and payments adoption.

Payment APIs and Integration 122

Payment APIs and Integration APACS Financial Inclusion Push-to-Card 122

Fintech News

JUNE 25, 2025

The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) have announced the incorporation of a new entity, Singapore Payments Network (SPaN), to oversee the administration and governance of the country’s national payment schemes. SPaN has been set up as a not-for-profit company limited by guarantee.

Cross-Border Payments 81

Cross-Border Payments Cross-Border Non-Bank Payments 81

Finextra

JUNE 25, 2025

This isn’t just about staying compliant,it’s about scaling governance without slowing innovation. External This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. It expresses the views and opinions of the author. They’ll lead.

Fraud Detection 59

Fraud Detection AI Payments PCI DSS 59

Stax

MARCH 11, 2025

The customer will input the required payment information on the page and then click Pay to authorize the transaction. Payment authorization The issuing bank will do a quick check to ensure everything is in orderwhich is usually an automated process. All these make government-issued digital currencies a trend to keep an eye out for.

Online Payment Processing 88

Online Payment Processing Process Payment Gateways Online and Mobile Banking 88

Finextra

JUNE 11, 2025

Data Governance: As wallets become data-rich ecosystems, compliance with GDPR, PSD3, and future AI regulations will be mission-critical. External This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. It expresses the views and opinions of the author.

Consumer 52

Consumer Payment APIs and Integration Payments Microtransactions 52

Fintech Finance

JANUARY 31, 2025

The tax authority recently awarded Trustlys Ecospend a new contract to continue to provide these solutions. HMRCs use of Pay by Bank is one of the most innovative examples of embedding fintech within a Government, setting a global standard. This is a significant 36% increase from the same period in the previous year. More than 3.6

Assessments 89

Assessments Returns Authorization API 89

Fintech News

JANUARY 20, 2025

The Monetary Authority of Singapore (MAS) keeps the market secure through rules that protect investors while encouraging growth. This ensures transparency, security, and independence from central authorities like banks or governments. Youre in the right place.

Cryptocurrency 113

Cryptocurrency Credit Cards Verification Blockchain 113

The Payments Association

JANUARY 13, 2025

Frequently used for high-value impersonation fraud, with scammers posing as trusted entities like banks or government officials. This manipulation fuels a surge in authorized push payment (APP) fraud, which this report confirms. Telecommunications providers heavily exploited: Represented over 30% of the total value lost to scams.

Scams 88

Scams Romance Scams Phishing Volume 88

Fintech Finance

MAY 20, 2025

As the Financial Conduct Authority (FCA) prepares to take over full responsibility for regulating UK payments, new research from Equals Money reveals that combating fraud and tackling widespread delays are top priorities for higher-risk players in the industry.

Risk 96

Risk Finance Embedded Finance Security 96

Stax

DECEMBER 2, 2024

Because assessing a compliant credit card surcharge depends upon the form of payment chosen by the customer, it is an “optional service or feature” contingent on certain later conduct by the consumer, which according to the California OAG is easily distinguished from the “mandatory fees” governed by SB 478. Supreme Court.

Junk Fees 68

Junk Fees Credit Cards Push-to-Card Laws 68

Fintech News

JANUARY 26, 2025

In Singapore, the government-backed API Exchange is promoting API standardisation. This was enabled via the Hong Kong Monetary Authority’s Interbank Account Data Sharing (IADS) initiative. Using biometrics, Singpass enables secure and convenient access to 800+ government agencies and businesses and over 2,700 services.

Payments Trends 127

Payments Trends Payment APIs and Integration Embedded Finance Cross-Border 127