Stax

MARCH 11, 2025

This article will show all you need to know about online credit card processing and how you can select the best payment services provider for your needs. The issuing bank : this is the customers bank that issued the credit card to the customer on behalf of the card networks, such as Visa, American Express, Mastercard, and Discover.

Online Payment Processing 88

Online Payment Processing Process Payment Gateways Online and Mobile Banking 88

Fintech News

DECEMBER 11, 2023

SC Ventures, the innovation, fintech investment, and ventures arm of Standard Chartered, and Giesecke+Devrient (G+D) successfully completed a proof-of-concept (PoC) on the Universal Digital Payments Network (UDPN). Meanwhile, the the direct model is where central banks manage wallets and settlements within a centralised CBDC system.

CBDC 113

CBDC Distributed Ledger Technology (DLT) Cross-Border Central Bank 113

Fintech News

JUNE 4, 2024

The Bank for International Settlements (BIS) has launched Project Rialto to test the potential for improving instant cross-border payments through a combination of a modular foreign exchange (FX) component and wholesale central bank digital currencies (wCBDC).

Cross-Border Payments 107

Cross-Border Payments Cross-Border CBDC Settlement 107

PYMNTS

NOVEMBER 12, 2020

Crypto payment services provider BitPay has unveiled a new mass payout offering, BitPay Send, which lets entities of different sizes make payments to workers, clients, affiliates, suppliers, contractors and others with digital currency, according to a Thursday (Nov. 12) announcement.

Stablecoins 110

Stablecoins Bitcoin Digital Currency CBDC 110

Fintech Finance

JULY 4, 2024

Offline payment functionality offers benefits for all stakeholders in the financial industry As a BIS study from 2023 underlines, offline functionality is also a necessity for a Central Bank Digital Currency (CBDC), which is currently being explored by numerous central banks worldwide.

Digital Payments 98

Digital Payments Online and Mobile Banking Central Bank Financial Inclusion 98

PYMNTS

SEPTEMBER 15, 2020

According to Emirates NBD Group Chief Operating Officer Abdulla Qassem, TCS' solution "has moved our payments operations internally for standardized, scalable and centralized processing, along with the capability to adopt new market evolutions in clearing, including SWIFT for Corporates.". Mastercard Leads Central Bank Digital Currency Test.

RTP 105

RTP Blockchain Distributed Ledger Technology (DLT) Cross-Border 105

PYMNTS

JUNE 23, 2020

New payments infrastructure continues to gain traction with financial service providers looking to modernize their services for business clients. In a sign that RTP adoption is now spreading beyond the biggest banks, Chesapeake Bank , based in Virginia, has looped into The Clearing House’s Real-Time Payments (RTP) network.

Federal Reserve 106

Federal Reserve RTP Payment APIs and Integration Fed 106

The Payments Association

JUNE 3, 2025

When onboarding new service providers, fintechs, or merchant partners, a token-based architecture allows for quicker, cleaner integration by decoupling sensitive data from transaction logic. Token frameworks can also accelerate partner integration. This enables rapid scaling of new payment use cases, without duplicating risk exposure.

Security 88

Security Payment APIs and Integration Payment Security Credential 88

PYMNTS

OCTOBER 15, 2020

The stage may even be set for the emergence of digital currencies, and as Circle’s Allaire said digital dollars (with 500 percent growth through the past several months), among others, have “really started to become not just a technical reality, but a legal and regulatory reality as well.”.

Real Time Payments 125

Real Time Payments NACHA SWIFT TCH 125

The Payments Association

OCTOBER 14, 2024

The flaws in prevailing central bank digital currency (CBDC) designs and suggestions for improving them. These design flaws could undermine efforts to create a public digital payments system for the future economy. What is this article about? Why is it important? What’s next? But the damage was done.

Privacy 88

Privacy Addressing CBDC Payer 88

The Paypers

JANUARY 4, 2022

The Jamaican central bank has completed the pilot testing of its central bank digital currency, with the participation of only one payment service provider.

CBDC 60

CBDC Central Bank Digital Currency Participant 60

Fintech News

NOVEMBER 12, 2024

The regulatory attributes are finalized, and the central bank is now working on legislation, he said. This initiative aims to create a multilateral framework, enabling a country’s instant payment system to seamlessly connect with those of other nations through a single, streamlined integration.

FinTech 109

FinTech Cross-Border Payments Cross-Border Payment APIs and Integration 109

PYMNTS

DECEMBER 26, 2019

The Bank of Russia has been testing stablecoins that are attached to real assets, according to reports. The head of the bank, which is Russia’s central bank, said just because they’re testing the coins doesn’t mean they will eventually turn into a money substitute. “We Meanwhile, on Jan.

Central Bank 52

Central Bank Stablecoins Rules Bitcoin 52

Fintech News

JULY 3, 2024

In the heart of Southeast Asia, a small island nation is making giant strides in digital currencies. percent of its population owning digital assets, the city-state isn’t just participating in the crypto revolution—it’s leading it. These services include the buying, selling, or facilitating the exchange of DPTs.

Financial Literacy 109

Financial Literacy Cryptocurrency Digital Currency Accreditation 109

PYMNTS

DECEMBER 17, 2019

that develops solutions for digital currency. M10 focuses on creating a digital money solution to help global banks quickly and affordably handle international transfers, settlements and remittances. We offer a single API across all banks,” Kirsch told Webster. It’s moving slowly.”.

Central Bank 52

Central Bank Global Payments Cross-Border Payment APIs and Integration 52

PYMNTS

OCTOBER 16, 2020

Alan Koenigsberg, global head of new payment flows at Visa New Business Solutions, and five executives from services providers, payments and messaging networks and the crypto sphere said room exists for many payment rails to compete, exist together — and even complement one another. Revolut Likely To Apply For US Bank Charter.

Instant Payments 95

Instant Payments Card Issuer Online and Mobile Banking Federal Reserve 95

Fintech News

FEBRUARY 28, 2024

Rather, the introduction of new rules in 2023, aimed at curbing the promotion of Digital Payment Token (DPT) services and tightening licensing requirements , seems to have underscored the importance of a regulated and secure environment for digital asset exchanges and service providers. trillion by December 2023.

Cryptocurrency 124

Cryptocurrency Stablecoins Digital Currency Regulations 124

PYMNTS

NOVEMBER 10, 2020

Treasury Department is researching use cases for a central bank digital currency (CBDC), as well as drafting regulatory proposals for private stablecoins, U.K. Areas like those involving digital asset service providers are complex, as multiple regulatory authorities are involved in oversight.

CBDC 67

CBDC Use Case Privacy Cryptocurrency 67

PYMNTS

SEPTEMBER 15, 2020

Last week, Mastercard announced its virtual testing platform for central bank digital currencies (CBDCs). The testing tool comes as the global economy embraces digital payments and central banks investigate how to support innovation and maintain financial stability as they issue the currency.

Credit Cards 56

Credit Cards Digital Payments Central Bank Online and Mobile Banking 56

The Payments Association

MARCH 19, 2025

Digital wallets are expanding faster than financial oversight can keep up, forcing governments to scramble for new safeguards without choking innovation. The European PSD2 framework, growing pressure on big techs financial ambitions, and central bank digital currency (CBDC) discussions all indicate a looming regulatory crackdown.

Digital Payments 88

Digital Payments Finance Online and Mobile Banking Payments 88

PYMNTS

APRIL 16, 2020

With a revised version of the planned digital currency, Facebook ‘s Libra will be supervised by worldwide watchdogs and connected to individual country currencies. Libra will now provide stablecoins based on a roster of separate currencies to be determined. The potential of the 2.5

Multi-Currency 64

Multi-Currency Stablecoins Money Laundering Central Bank 64

PYMNTS

AUGUST 7, 2020

The most recent details on FedNow come roughly a year after the central bank announced its plans to build and operate real-time rails. He added that the service will provide additional reporting and messaging features as implementation takes shape.

Instant Payments 75

Instant Payments Fed FedNow Interbank Settlement 75

Fintech News

AUGUST 8, 2024

B2B payments service provider Bottomline ‘s on-demand webinar, “Championing Swift Connectivity for Private Banks and Asset Managers in APAC,” explores these critical developments in depth. As the industry evolves, adopting robust standards like ISO 20022 becomes crucial for driving these benefits.

ISO 20022 127

ISO 20022 APACS SWIFT ISOs 127

Fintech News

FEBRUARY 27, 2024

The Reserve Bank of Australia (RBA) also played a crucial role by exploring the concept of retail and wholesale Central Bank Digital Currencies (CBDC) through its eAUD pilot programme , which focused on a wide array of use cases and essential legal aspects.

APACS 132

APACS Regulations Stablecoins Cryptocurrency 132

PYMNTS

OCTOBER 18, 2019

The Bank of Canada is thinking about launching its own digital currency. Earlier this year, the Canadian government decided to ease up on some of its new anti-money laundering regulations, due to feedback from payment service providers and crypto exchanges.

CBDC 40

CBDC Digital Currency Central Bank Money Laundering 40

The Fintech Times

SEPTEMBER 22, 2024

Then in 2020, the NBC introduced the Payment System Operator (PSO) licence, marking a key step in the regulation of payment service providers. Cambodia has also ventured into central bank digital currencies (CBDCs). In collaboration with Japanese company SORAMITSU, the NBC introduced Bakong in 2020.

Financial Inclusion 69

Financial Inclusion FinTech Central Bank Online and Mobile Banking 69

PYMNTS

JANUARY 24, 2020

The Office of the Comptroller of the Currency (OCC) is putting together “ so-called notices of charges ” against 10 people, although settlements could be extended to some, sources have said. Central Banks Team On Digital Currency Standards And Use Cases. But as reported Tuesday (Jan.

Online and Mobile Banking 60

Online and Mobile Banking Office of the Comptroller of the Currency Central Bank OCC 60

Fintech News

APRIL 28, 2024

It utilizes both Q-money, a Thai Baht-based digital currency, and JPM Coin, which represents US dollar deposits. Tala partners with Maya Bank Fintech company Tala teamed up with Maya Bank, a leading digital bank in the Philippines, to enhance its micro-loans program.

Payment APIs and Integration 117

Payment APIs and Integration Cross-Border Cross-Border Payments Financial Inclusion 117

Fintech News

AUGUST 12, 2024

Technology firm Microsoft is working with Axis Bank and Aditya Birla Capital, among others, to deploy processes using genAI to transform contact centers, boost sales and overhaul claims and underwriting processes.

Embedded Finance 113

Embedded Finance FinTech Non-Bank Cross-Border 113

PYMNTS

AUGUST 28, 2017

Financial services companies located within New York are covered by what is known as Part 500, but then again, so are the third-party service providers scattered across the globe that work with those New York-based entities. As a result, bitcoin and its peer digital currencies may need more oversight.

Cybersecurity 57

Cybersecurity Money Laundering Digital Currency Online and Mobile Banking 57

PYMNTS

NOVEMBER 2, 2020

The Cayman Islands’ Ministry of Financial Services introduced the nation’s regulatory framework for virtual asset service providers (VASPs) on Saturday (Oct. 31), according to a press release. The framework consists of two phases, the first, which began on Oct.

CBDC 64

CBDC Distributed Ledger Technology (DLT) Visa AML 64

PYMNTS

DECEMBER 18, 2019

MUFG’s Unconfirmed Digital Currency. Another show of support for blockchain-powered payments comes from Japan’s MUFG, though the bank declined to confirm the exact nature of its joint venture with human resources company Recruit Holdings. M10 Eyes Central Banks’ Rail Demands.

B2B 52

B2B Credit Union Electronic Funds Transfer (EFT) RTP 52

PYMNTS

OCTOBER 22, 2020

She said the global pandemic has simply advanced a movement that has been underway for years, which has sought to provide banking access and digital financial services to underserved communities, mostly through mobile devices. Crypto And AI/ML.

P2P 82

P2P Underserved Online and Mobile Banking Multi-Currency 82

PYMNTS

NOVEMBER 3, 2020

In this week's roundup of payment rail innovation, PYMNTS finds B2B payments use cases serve as an important driver of adoption, with FinTechs and financial service providers embracing payment rails old and new to enable real-time B2B payments and foreign exchange. China Touts Proprietary Digital Currency. and abroad.

Use Case 56

Use Case B2B Distributed Ledger Technology (DLT) ISO 20022 56

The Fintech Times

APRIL 23, 2024

Fintech-as-a-service provider Soft Space and JCB International Co, the international operations subsidiary of JCB Co Ltd, have jointly introduced Malaysia’s inaugural JCB payment gateway. This collaboration underscores their ongoing partnership, which began with the signing of an agreement in January 2022.

Payment Gateways 59

Payment Gateways Gateways Payment APIs and Integration Cross-Border Payments 59

PYMNTS

JULY 10, 2020

Stablecoins, the virtual currencies which seek price stability, could be the next target for money laundering and terrorist financing, a report found. The FATF said it will review the implementation and impact of its standards by next summer and provide further guidance on stablecoins and virtual assets.

Money Laundering 56

Money Laundering Stablecoins Cryptocurrency Digital Currency 56

The Fintech Times

DECEMBER 31, 2023

“According to research from the European Central Bank (ECB), Single Euro Payments Area (SEPA) instant credit transfers currently account for only 14 per cent of all conventional SEPA credit transfers. As we enter 2024, the emergence of truly instant payment solutions feels almost inevitable. Customer trust is paramount.

Global Payments 125

Global Payments Online and Mobile Banking Alternative Payment Methods Instant Payments 125