news
🎉Australia🇦🇺(and beyond): Banks launch a nationwide “confirmation of payee” scheme Paid Members Public
🎉Australia🇦🇺(and beyond): Banks launch a nationwide “confirmation of payee” scheme The system has been implemented to protect customers from scams and prevent money from reaching criminals. A similar solution is already operational in the UK🇬🇧. ➡️ The core element of the system is name-matching technology, in which $100 million USD
📣Paraguay🇵🇾reduces card service fees to stimulate the sector Paid Members Public
📣Paraguay🇵🇾reduces card service fees to stimulate the sector A new resolution from the Central Bank introduces a gradual reduction in the maximum percentage of intermediary fees on electronic payments made with credit and debit cards. ➡️The reduction will be implemented gradually, allowing issuers and operators time to adapt to
📣Vietnam🇻🇳: ACB Bank launches Southeast Asia’s first Visa Flex Credential system Paid Members Public
📣Vietnam🇻🇳: ACB Bank launches Southeast Asia’s first Visa Flex Credential system This solution allows cardholders to switch between debit and credit payment modes using a single card. ▶️The bank expects this offering to improve activation rates, reduce the number of inactive accounts, and generate valuable data for future product
🧚♀Deutsche Bank🇩🇪plans to enter the crypto custody market in 2026 Paid Members Public
🧚♀Deutsche Bank🇩🇪plans to enter the crypto custody market in 2026 Deutsche Bank, Germany’s largest corporate bank, plans to launch a digital asset custody service in collaboration with Austrian exchange Bitpanda🇦🇹 and Swiss technology provider Taurus SA🇨🇭. ➡️The partners began developing the project last year, with Deutsche Bank participating
🔝Peruvian fintech Do Payments🇵🇪 seeks to fill a “risk niche” in Latin America Paid Members Public
🔝Peruvian fintech Do Payments🇵🇪 seeks to fill a “risk niche” in Latin America Its new payment solution, Do Pay, is focused on processing payments for sports betting and online gaming. This initiative is a significant step for merchants in the region, where liquidity is often low and settlement times can
⚡️USA🇺🇸: Circle wants to become a national trust bank Paid Members Public
⚡️USA🇺🇸: Circle wants to become a national trust bank Stablecoin developer Circle has submitted an application to the Office of the Comptroller of the Currency (OCC) to create a new trust institution under the name First National Digital Currency Bank, NA. ▶️Currently, Circle’s reserves are stored at the New
👀How are payments and the card business changing? A summary Paid Members Public
👀How are payments and the card business changing? A summary Representatives from payment systems, banks, marketplaces, Big Tech, and fintech companies agree that the natural evolution is making payments cheaper. ➡️History: ✅Payment cards appeared in the mid-20th century in the US🇺🇸, when Frank McNamara and Ralph Schneider founded Diners Club.
😱Fear and astonishment in Chile🇨🇱: an online platform impersonated the state lottery Paid Members Public
😱Fear and astonishment in Chile🇨🇱: an online platform impersonated the state lottery The state lottery, "Polla Chilena de Beneficencia," was impersonated by a clone called "Polla Casino." Legal action has been initiated against this fraudulent platform. ▶️The fraudulent platform used the corporate identity of the original