Santander Expands Openbank Digital Brand to Mexico
Santander has introduced its Openbank digital banking platform to Mexico, following its recent debut in the United States. Mexican customers can now access Openbank’s digital services, which include debit and savings accounts with no ... Read More
Barclays Eyes Partnership with Brookfield, Set to Shed 80% of Merchant Acquiring Unit
Barclays Bank is reportedly in early discussions with Brookfield Asset Management to divest 80% of its merchant acquiring business, signaling a significant strategic shift for the UK lender. The move comes after Barclays announced in ... Read More
Spanish Banks Pioneer EU Instant Cross-Currency Payment Scheme
Spain has become the first EU market to fully implement the European Payment Council’s (EPC) OCT Inst (One-Leg Out Instant Credit Transfer) scheme, enabling instant cross-currency payments for international transfers. The onboarding of ... Read More
UK Unveils National Payments Vision to Modernize the Financial Ecosystem
The UK government has introduced its National Payments Vision (NPV), a comprehensive blueprint aimed at transforming the country’s payments landscape. With a focus on reducing “regulatory congestion” and fostering ... Read More
Bitfinex Hacker Sentenced to Five Years for Laundering Stolen Cryptocurrency
Ilya Lichtenstein, the hacker behind the infamous 2016 Bitfinex cryptocurrency heist, has been sentenced to five years in prison for his role in laundering nearly 120,000 stolen bitcoins. At the time of the theft, the stolen cryptocurrency ... Read More
FinCEN Issues Warning to Banks Over Growing Deepfake Threat
The US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has issued a critical alert to financial institutions regarding the rising use of deepfake technology in fraud schemes. The advisory focuses on the use of ... Read More
PayPal Launches Money Pooling Tool for Group Purchases Across Key Markets
PayPal has launched a new money pooling tool, allowing friends and family to easily share expenses for group purchases. Available in the US, Germany, Italy, and Spain, the feature enables users to set up a pool within the PayPal app or ... Read More
Morgan Stanley Invests $20 Million in Embedded Finance Leader NovoPayment
Morgan Stanley Expansion Capital has invested $20 million in NovoPayment, a leading provider of embedded financial and payment infrastructure. NovoPayment offers a comprehensive suite of services for banks, neo-banks, digital merchants, ... Read More
Mastercard to Eliminate Passwords and Manual Card Entry by 2030 with Tokenisation and Biometrics
Mastercard is taking bold steps to revolutionize online payments by aiming to eliminate manual card entry, passwords, and one-time codes by 2030. With e-commerce growing rapidly, online fraud rates remain seven times higher than in-store ... Read More
Visa Partners with Affirm to Launch Flexible Payment Card Offering Debit and BNPL Options
Visa has collaborated with Affirm to bring its “flexible credential” technology to the U.S., allowing consumers to toggle between debit and buy now, pay later (BNPL) options through a single card. The new Affirm card, powered ... Read More