PAYMENTS NEWS
FDIC Floats Standard-Setting Body for Banks’ Fintech Partners
Aug 7, 2026
The FDIC is working with banking and fintech trade associations to establish an independent standard-setting body that would help certify whether bank service providers meet federal regulatory guidelines.
Square, Toast Jump into AI-Boosted Google Maps
Aug 6, 2026
Google is integrating elements of its Gemini AI engine into its Maps product, enabling users to ask for complex, multi-step tasks such as ordering food.
What we know about the CFPB's forthcoming open-banking rule
Aug 6, 2026
Under a revised open-banking proposal, banks are expected to be allowed to charge fees to fintechs and other third parties seeking access to customer financial data.
Use Case Evolution Is One Factor in RTP’s Instant Payments Growth
Jul 28, 2026
Business-to-business payments were one of the first use cases for instant payments when the RTP network from The Clearing House Payments Co. LLC debuted in 2017. As more businesses and consumers want to use such services, the use cases are evolving, with digital wallets—like PayPal and Venmo—now being the largest use cases on the RTP network.
Mastercard bolsters scam defense
Jul 28, 2026
Acquiring banks that process Mastercard payments are required to follow up within three days on certain flagged fraud activity.
Maryland joins states issuing chip-enabled EBT cards
Jul 24, 2026
Maryland rolls out EBT cards that use chip-and-tap technology, joining a growing list of states adopting chip-enabled EBT cards.
Indian payments firms oppose one-click UPI checkout proposal, citing competition risks
Jul 24, 2026
Several Indian digital payments firms have opposed a proposal that would allow merchants to store customers’ preferred Unified Payments Interface option for one-click checkouts, arguing it could entrench the dominance of the bigger payment apps.
Trump’s trade war targets Brazil’s payment rail
Jul 21, 2026
Trump plans a 25% tariff on most Brazilian exports, citing the role of the country’s Pix payment rail as one of the reasons.
NGA Backs House Bill to Round Cash Without Pennies
Jul 16, 2026
MAG joins NGA and other business groups urging Congress to pass the Common Cents Act.
Penny’s end poses rounding challenge
Jul 16, 2026
Merchants press for passage of a bill to enact rounding standards as cash-handling businesses grapple with the cent’s gradual demise.
Mastercard examines sale of UK payments subsidiary Vocalink, FT reports
Jul 14, 2026
Mastercard is exploring the sale of a majority stake in its UK payments subsidiary Vocalink back to British banks as it responds to concerns about a critical asset being under U.S. ownership, the Financial Times reported on Monday citing people briefed on the talks.
Debit cards top payments, Fed says
Jul 10, 2026
In the Federal Reserve’s latest Payments Study, debit cards dominated, accounting for the bulk of all non-cash payments.
Study shows decade-long decline in federal enforcement activity
Jul 8, 2026
Annual enforcement actions by the Federal Reserve, Federal Deposit Insurance Corp., and the Office of the Comptroller of the Currency have fallen steadily dating back to the Obama administration. Other data points indicate that enforcement activity could still decline further.
How a bank-owned debit network upends payment processing
Jul 8, 2026
JPMorganChase, Wells Fargo, PNC and other large banks are in talks to purchase parts of Fiserv's debit-processing business.
Big Banks Eye Payments Deal That Could Rewire Debit Fees
Jul 7, 2026
Some of the biggest U.S. banks are exploring a deal that could reshape the economics of debit cards, reopen one of payments’ fiercest policy fights and give large issuers a way around federal fee limits they have opposed for more than a decade.
Identity Is the New Perimeter
Jul 7, 2026
Fraud is easier to commit with AI tools that mimic authentic documents, commit attacks at scale, and make phishing attempts even more genuine-appearing. This shift is pushing payments providers to rethink what trust actually means.
FCA publishes landmark review into impact of AI on retail financial services
Jul 7, 2026
The FCA’s findings review how AI could reshape financial services for consumers, with the technology set to be a driving force for innovation and efficiency.
Liquidity Management Becomes the Next Test for Real-Time Payments
Jul 1, 2026
Once funds leave an account, the transaction is final. Institutions must determine not only whether a payment is legitimate, but also whether sufficient liquidity exists at that moment.
World Cup chargebacks coming
Jul 1, 2026
Fraudsters create fake websites where they can steal consumer credentials and related information during card-not-present purchases and use those credentials to make purchases in the flurry of activity on authentic websites.
What you need to know about major new Buy Now Pay Later rule changes
Jun 30, 2026
Starting 15 July, prominent BNPL providers in the UK will fall under the direct regulation of the Financial Conduct Authority (FCA).