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Settlement Related Topics 
Payments Dive
APRIL 1, 2024
The settlement gives merchants the ability to surcharge for nearly all Visa and Mastercard credit card transactions, and puts pressure on American Express to allow the same.
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Payments Dive
MAY 6, 2024
Requests for a slice of the Visa-Mastercard settlement are due by a May 31 deadline. Lawyers are racing to alert eligible businesses.
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Finextra
MAY 14, 2024
The Eurosystem has begun the first of a series of trials to test the use of ditributed ledger technology (DLT) for the settlement of wholesale transactions in central bank money.
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Finextra
MAY 8, 2024
A host of major US financial services firms - including Citi, JP Morgan, and Visa - are taking part in a Regulated Settlement Network (RSN) proof-of-concept that will explore multi-asset settlement using shared ledger technology.
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Finextra
MAY 14, 2024
JP Morgan has struck a deal to offer its JPM Coin digital token as a settlement mechanism for Broadridge's DLR (Distributed Ledger Repo) platform.
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Payments Dive
APRIL 29, 2024
The National Retail Federation lashed out at a landmark Visa-Mastercard legal settlement Friday, calling the pact reached with some merchants last month “meager and temporary” relief.
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Payments Dive
DECEMBER 21, 2023
Google’s settlement with attorneys general this week includes a lengthy list of changes the tech titan must make in its approach to in-app payments.
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Finextra
MARCH 26, 2024
After nearly 20 years of litigation, Visa and Mastercard have reached a settlement with US merchants lowering and capping credit card interchange rates in a deal that could save the merchants $30 billion over five years.
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The Fintech Times
MAY 18, 2024
Eurosystem , the monetary authority of the eurozone, has been exploring the possible use cases of distributed ledger technology (DLT) to conduct wholesale settlement in central bank money. Initially, 16 private companies will conduct trials involving actual settlement in central bank money.
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Fintech News
APRIL 1, 2024
billion settlement with US authorities earlier this year. This leadership restructure is in line with Binance’s efforts to comply with regulatory standards following its legal settlement in the US. Completing the lineup are Arnaud Ventura, of Gojo & Co., and Xin Wang, CEO of Bayview Acquisition Corp.
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Fintech Finance
MARCH 14, 2024
Klarna , the AI-powered payments network and shopping assistant, has begun to roll out open banking-powered settlements in the UK. Klarna has already launched open banking settlements for its Pay Now instant payment option, and Pay in 30 and Pay in 3 scheduled for later in 2024.
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Payments Dive
MARCH 26, 2024
The two biggest U.S. card networks agreed to cap interchange fees for five years, among other terms, to settle merchant litigation that has lasted nearly two decades.
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The Fintech Times
MARCH 14, 2024
Klarna has introduced open banking-powered settlements in the UK, enabling consumers to pay directly from their bank accounts instead of using debit cards. Open banking settlements simplify and secure transactions for consumers while providing insights into spending habits. million transactions daily.
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The Paypers
MARCH 14, 2024
AI-enabled payments network and shopping assistant Klarna has announced the launch of an Open Banking-powered settlement in the UK.
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NACHA
MAY 3, 2024
Nacha Statement on the Federal Reserve's Requesting Comments to Expand the Operating Days of the National Settlement Service to Include Weekends and Holidays droth@nacha.org Fri, 05/03/2024 - 12:52 Image Media ACH Network Logo with background
Finextra
FEBRUARY 12, 2024
The Pan African Payment and Settlement System (PAPSS) is proud to announce the entry of Banque Centrale de Tunisie (BCT) into its network as its thirteenth Central Bank member, further strengthening its commitment to promoting seamless cross-border payment services and enhancing financial integration across the African continent.
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The Nilson Report
MARCH 7, 2024
The post PaymentVision Launches “Settlement Offers” appeared first on Nilson Report.
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Fintech Finance
MARCH 26, 2024
After nearly 20 years of litigation, Visa (NYSE: V) today announced it has agreed to a landmark settlement with U.S. The settlement also provides updates to several key network rules giving merchants more choice in how they accept digital payments. The settlement will reduce credit interchange rates for U.S.
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The Paypers
MARCH 27, 2024
US-based Visa and Mastercard have announced their legal settlement with US merchants, aiming to minimise and cap their credit card interchange rates.
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The Fintech Times
DECEMBER 6, 2023
RTGS.global, a settlement company focused on enhancing cross-border payments, is celebrating a significant milestone with the successful completion of an inaugural instant settlement cross-border transaction via its global network.
Finovate
JANUARY 24, 2024
Risk Signals leverages account, transaction, and payment data to help prevent fraud and lower settlement risk. Risk Signals leverages account, transaction, and payment data to help prevent fraud and lower settlement risk. Tink won Best of Show in its Finovate debut at FinovateEurope 2014.
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The Fintech Times
MARCH 30, 2024
But if the settlement is approved, merchants will be able to change the rates they charge for all cards, instead of basing it on the credit card network alone. “The measures in this settlement that allow for more surcharging and greater competition could lead to swipe fee reductions well beyond just what is mandated.
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Nanonets
NOVEMBER 19, 2023
Settlement of invoices isn’t simply about paying off a bill. The key is ensuring the invoice settlement process is done correctly and efficiently. This article will guide you through the fundamental aspects of invoice settlement and provide practical tips to help you settle an invoice properly.
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Finextra
MARCH 14, 2024
Klarna, the AI-powered payments network and shopping assistant, has begun to roll out open banking-powered settlements in the UK.
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Payments Dive
JANUARY 29, 2024
The cash advance provider “lured consumers in with false promises of free money advances,” and then made it difficult for them to cancel, FTC Director Samuel Levine said in a press release.
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PYMNTS
FEBRUARY 2, 2021
The company said it has launched VisaNet +AI to enhance posting and settlement, and eliminate the guesswork tied to knowing where funds will hit and when. Cross-border transactions, for example, can vary widely from initiation to final settlement, impacted by foreign exchange (FX) rates. Smarter Settlement.
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Payments Dive
MAY 13, 2024
The restaurant-focused payments company expects to see an impact from lowered interchange fees by the second half of 2025.
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Finextra
APRIL 8, 2024
The European Central Bank has put together a host of participants for exploratory work on the use of distributed ledger technology to settle wholesale transactions in central bank money.
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The Paypers
OCTOBER 3, 2023
The Central Bank of Kenya (CBK) has become a member of the Pan African Payments and Settlement System (PAPSS).
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NFCW
JANUARY 23, 2024
To establish a dispute settlement mechanism under which Apple’s decisions denying access to NFC input will be reviewed by independent experts. EU calls for feedback on proposed settlement with Apple over NFC chip access was written by Sarah Clark and published by NFCW. Feedback should be submitted by 18 February 2024.
71 Finextra
DECEMBER 6, 2023
RTGS.global, the next generation settlement company revolutionising cross-border payments, has successfully completed the first instant settlement cross-border transaction conducted through its global network.
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PYMNTS
MAY 14, 2020
To bolster global payments for businesses throughout the world, EMQ launched its new enterprise payment technology with same-day settlement functions in local currencies throughout eight countries.
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PYMNTS
SEPTEMBER 18, 2020
Online marketplaces are the digital storefronts helping small to mid-sized businesses survive — but adding real-time settlement into the mix can help them thrive. And 60 percent of surveyed firms selling across online marketplaces would take their business to one that offers real-time settlement.
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Finextra
MAY 2, 2024
BlueSnap and its former CEO have settled with the Federal trade Commission (FTC) for knowingly processing payments for "deceptive and fraudulent" companies.
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The Paypers
APRIL 6, 2022
US-based Worldpay from FIS has given merchants the ability to receive settlement directly in USD Coin (USDC).
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The Paypers
SEPTEMBER 27, 2022
The Netherlands-based financing partner for enterprises DFM has chosen global player in payment services Worldline to be its instant payments and clearing & settlement mechanism partner.
PYMNTS
OCTOBER 7, 2020
EMQ , a provider of global financial settlement services, has begun letting businesses around the world transfer up to roughly $280,000 directly into banks in Japan, the company announced in a news release. EMQ already operates in Japan.
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The Fintech Times
MAY 15, 2024
Standard Chartered , the international cross-border bank, has become the first Euro settlement bank to go live on Partior, the global unified ledger market infrastructure, and has completed Euro-denominated cross-border transactions between Hong Kong and Singapore.
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Payments Dive
NOVEMBER 9, 2023
The Federal Trade Commision and Florida had sued the company for using deceptive tactics to prevent consumers from disputing credit card charges.
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Fintech News
MAY 15, 2024
Project Agorá, an initiative by the Bank for International Settlements (BIS) alongside major central banks and the Institute of International Finance (IIF), is moving forward and inviting private sector involvement. Smart contracts could revolutionise settlement processes, allowing for transactions that are currently impractical.
The Paypers
AUGUST 11, 2023
Fintech company Sila has announced the launch of its Instant Settlement offering to better ACH debit accessibility, enabling users’ immediate access to ACH debits on the Sila platform.
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PYMNTS
DECEMBER 26, 2018
According to a report in TechCrunch , citing law firm Lichten & Liss-Riordan, Uber has as part of the settlement tentatively offered to pay 11 cents for each mile Uber drivers drove. With the settlement, drivers who accept it must release all claims lodged against Uber related to misclassification of employees.
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PYMNTS
DECEMBER 4, 2019
A recent Small Business Rapid Settlements study, done in collaboration between Mastercard and PYMNTS, finds that among more than 760 small- to medium-sized businesses (SMBs), more than 70.1 It’s the days, weeks or months between invoicing and settlement that matter. (As The availability of rapid settlement may improve cash flow.
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Payments Source
DECEMBER 23, 2019
billion settlement in the merchants' class-action lawsuit over swipe fees, a 15-year-long case against Visa and Mastercard. District Court in New York has issued final approval of an estimated $6.2 But the struggle between merchants and the card brands doesn't end here.
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