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.

Settlement 181

Settlement Visa Credit Cards Transactions 181

Fintech Finance

NOVEMBER 29, 2024

The European Central Bank (ECB) and Norges Bank signed an agreement for Norway to join the Eurosystem’s TARGET Instant Payment Settlement (TIPS) service. The ongoing work towards implementing a cross-currency settlement service in TIPS, allowing funds to be transferred between all TIPS currencies, will also encompass the Norwegian krone. “We

Instant Payments 138

Instant Payments Central Bank Settlement Agreements 138

Payments Dive

AUGUST 19, 2024

billion settlement now have until February 2025 to file claims, a federal judge overseeing the class action said. Merchants seeking a piece of the $5.5

Settlement 148

Settlement Visa 148

Fintech Finance

NOVEMBER 4, 2024

The post Wise Granted Direct Access to Philippines’ Instant Payments Infrastructure, Gets Settlement Account With BSP appeared first on FF News | Fintech Finance.

Instant Payments 98

Instant Payments Settlement Accounts Cross-Border Payments 98

EBizCharge

DECEMBER 3, 2024

Since managing credit card transactions can be complex, understanding how their settlements work is essential to maintaining financial health as consumer spending rises. Credit card settlements involve various processes and parties that ensure transactions are accurately recorded and funds are transferred.

Credit Cards 52

Credit Cards Settlement Finance Issuers 52

Payments Dive

JULY 1, 2024

A proposed Visa-Mastercard settlement failed partly because a judge overseeing the case determined large merchants wouldn’t benefit as much as smaller merchants.

Settlement 147

Settlement Visa Large Merchants 147

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.

Settlement 167

Settlement Visa Payments 167

Finextra

MAY 8, 2025

How can FIs leverage the strength of banking partners and settlement currency diversification to weather todays macro-economic headwinds?

Multi-Currency 59

Multi-Currency Settlement Economy 59

Finextra

OCTOBER 22, 2024

Europe's Target Settlement system is to join Project Nexus, a Bank for International Settlements initiative to connect domestic real-time networks across borders.

Settlement 136

Settlement Cross-Border Instant Payments Payments 136

The Fintech Times

MARCH 7, 2025

Kenyan bank KCB Group and the Rwanda-based Bank of Kigali have joined the Pan-African Payment and Settlement System (PAPSS), which was launched by the African Export-Import Bank (Afreximbank) in collaboration with the African Union Commission (AUC) and the African Continental Free Trade Area (AfCFTA) Secretariat.

Settlement 59

Settlement Correspondent Bank Cross-Border Correspondent 59

Payments Dive

JUNE 14, 2024

The judge's likely rejection would scuttle a $29.79 billion deal that was two decades in the making.

Settlement 178

Settlement Visa 178

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.

Central Bank 144

Central Bank Settlement Transactions Technology 144

Finextra

OCTOBER 24, 2024

The European Central bank is implementing a cross-currency settlement service on the Eurosystem's Target Instant Payment Settlement (Tips) service.

Instant Payments 130

Instant Payments Settlement Central Bank Payments 130

Bank Automation

APRIL 10, 2025

The New York Department of Financial Services issued the fine after an investigation found Block had failed to conduct adequate due diligence on its […] The post Jack Dorseys Block to pay New York $40M in Cash App settlement appeared first on Bank Automation News.

Blocks 52

Blocks Settlement Due Diligence Money Laundering 52

The Fintech Times

JANUARY 9, 2025

” Overcoming operational challenges Dealers will also benefit from same-day payment settlements, which Airwallex says will boost overall cash flow and efficiency. ” The post Carwow Integrates Airwallex API to Enable Enterprise Dealer Groups to Access Same Day Settlement appeared first on The Fintech Times.

Settlement 59

Settlement API Payment APIs and Integration Embedded Finance 59

Fintech Finance

MARCH 20, 2025

Trustly , the global leader in Pay by Bank solutions, has announced that it will now support RIX INST, the instant settlement system of Sveriges Riksbank , the Swedish Central Bank, solidifying Trustlys leading position in instant payouts.

Central Bank 52

Central Bank Settlement Payments API 52

Fintech Review

NOVEMBER 20, 2024

Almond’s blockchain-driven Settlement Optimization Engine (SOE) addresses critical speed, transparency, and cost challenges in cross-border payments. The SOE optimises transaction routes and provides near-instantaneous settlement for financial institutions globally. Let’s dive in.

Cross-Border Payments 115

Cross-Border Payments Cross-Border Multi-Currency FinTech 115

Payments Dive

MARCH 26, 2025

The agency’s new leadership believes it can settle a 2024 lawsuit banks and business groups filed over an $8 cap on credit card late fees.

Settlement 155

Settlement CFPB Caps Credit Cards 155

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.

Credit Cards 179

Credit Cards Settlement Caps Visa 179

Fintech News

DECEMBER 22, 2024

OCBC China will also act as XTransfer’s global account manager, working closely with the banks subsidiaries to support cross-border settlements and facilitate business growth. The partnership will leverage OCBCs regional network in markets including Singapore, Hong Kong, Malaysia, and Indonesia.

Cross-Border Settlement 124

Cross-Border Settlement Cross-Border Multi-Currency Cross-Border Payments 124

Fintech News

NOVEMBER 21, 2024

The central bank views digital currencies as a cost-effective tool for trade settlements, remittances, and other financial transactions, though comprehensive testing is necessary before widespread implementation.

Cross-Border Payments 145

Cross-Border Payments Cross-Border Digital Currency Central Bank 145

The Payments Association

MAY 16, 2025

Modern orchestration platforms address these challenges by supporting localised payment methodssuch as Alipay in China, UPI in India, or SEPA in Europefacilitating multi-currency acceptance and settlement. Real-time payments and instant settlement: As consumer expectations shift, instant gratification has become the norm rather than a luxury.

Transactions 88

Transactions PCI DSS Payments Multi-Currency 88

Fintech News

OCTOBER 28, 2024

The Bank for International Settlements (BIS) and a group of central banks have successfully completed Project Mandala demonstrating automated compliance for cross-border transactions.

Cross-Border 127

Cross-Border Compliance Automation Cross-Border Payments 127

Fintech News

JANUARY 7, 2025

It enables secure and compliant transactions, with 24/7 payment settlement capability, offering uninterrupted fund circulation throughout the trade process. The companys global business account supports over 15 currencies and operates across 200 countries and regions.

Cross-Border Payments 127

Cross-Border Payments Cross-Border Payments Settlement 127

Payments Dive

JUNE 24, 2024

The persistence of the networks’ ‘honor all cards’ rule may be a key reason Judge Margo Brodie is unlikely to approve a negotiated resolution of the two-decade-old case brought by merchants.

Settlement 167

Settlement Visa Rules 167

Fintech News

APRIL 28, 2025

NBC has selected ACLEDA Bank and Sathapana Bank as the sponsoring banks in Cambodia, while PJA has appointed NETSTARS as the payment and settlement operator in Japan. The second phase will allow Japanese users to make payments in Cambodia using KHQR codes.

Cross-Border 118

Cross-Border Payments Settlement Agreements 118

Fintech News

NOVEMBER 27, 2024

The bank plans to act as a Euro and US dollar settlement bank on Partior’s platform, aligning with its dbX initiative—a correspondent banking ecosystem launched to optimize financial institution client services. Morgan, Standard Chartered, and Temasek, Partior uses blockchain technology to enable real-time clearing and settlement.

Cross-Border 115

Cross-Border SARS Multi-Currency Correspondent Bank 115

Fintech Review

APRIL 10, 2025

By leveraging the Lightning Networks second-layer technology, Unocoin enhances transaction efficiency with off-chain settlements, reducing costs and improving user experience. About Voltage Voltage is a leading payments provider enabling instant, low-cost global settlement on Bitcoin and stablecoins over the Lightning Network.

Settlement 52

Settlement Bitcoin Cryptocurrency Stablecoins 52

Payments Dive

JULY 9, 2024

Lawyers hope a court-approved extension of the claims filing deadline will provide time for resolution of conflicts and allow other business owners to file new claims in the interchange fee case.

Settlement 148

Settlement Visa 148

Fintech News

APRIL 7, 2025

The introduction of VND accounts aims to support cross-border transactions involving Vietnam by potentially speeding up settlement, simplifying payment reconciliation, and improving cash flow management for businesses operating internationally.

Cross-Border 114

Cross-Border Accounts Payment Reconciliation Funds Transfer 114

Fintech News

NOVEMBER 3, 2024

The Bank for International Settlements ( BIS ) Innovation Hub announced that it has “graduated out” of Project mBridge. Project mBridge is a major cross-border payments initiative designed to leverage wholesale central bank digital currencies (CBDCs).

Cross-Border 121

Cross-Border Cross-Border Payments Central Bank Settlement 121

Fintech News

OCTOBER 31, 2024

Founded in 2021, Partior utilizes blockchain technology to transform clearing and settlement, and redefine the way value moves globally.

Cross-Border Payments 132

Cross-Border Payments Cross-Border Payment APIs and Integration Multi-Currency 132

Fintech Finance

MARCH 24, 2025

Additionally, integrated settlement and liquidity management solutions, overseen by the Central Bank as the clearing and settlement agent, provide real-time net position updates and multiple settlement cycles, while a national QR payment standard known now as “SOMQR” enables fast contactless transactions with a simple scan.

Instant Payments 90

Instant Payments Settlement Payments Central Bank 90

Fintech News

NOVEMBER 5, 2024

Payments will be settled instantly in Singapore dollars via a regulated stablecoin, providing merchants with immediate local currency settlements. This also provides these merchants with immediate Singapore dollar settlement, improving cash flow and reducing the complexities associated with foreign currency transactions.”

Stablecoins 108

Stablecoins Cross-Border Payments Cross-Border Blockchain 108

Fintech Finance

MAY 1, 2025

This makes QNB the first bank in Qatar to use KDP’s blockchain deposits accounts for 24/7 settlement of their corporate flows, facilitating and automating on-demand multi-currency cross-border payments. Morgan FX Services to enable FX settlement on chain, an industry first, in USD, EUR and GBP, with plans to expand to more currencies.

Cross-Border Payments 69

Cross-Border Payments Cross-Border Settlement Blockchain 69

Fintech Finance

MARCH 24, 2025

By integrating with RTGS.global’s instant settlement infrastructure, TransferMate will deliver seamless, real-time international payments for RTGS.global’s business customers, reducing reliance on traditional banking intermediaries and eliminating the risk associated with moving money cross-border.

Cross-Border 64

Cross-Border Cross-Border Payments B2B Settlement 64

Finovate

JANUARY 13, 2025

Digital banking Banking Circle agrees to acquire Australian Settlements Ltd. Airwallex teams up with Carwow to enhance payment processing for enterprise dealer groups. GooglePay is set to go live in Pakistan by March 2025. Photo by Jess Bailey Designs The post Fintech Rundown: A Rapid Review of Weekly News appeared first on Finovate.

FinTech 105

FinTech Settlement Payment Networks Acquirers 105