Fintechbits

Topic

Payments news

Payments covers how money moves: the card networks, processors and acquirers behind a checkout, the bank rails underneath them (ACH, SEPA, instant payments and ISO 20022) and the cross-border corridors that connect them. Fintechbits tracks the plumbing most people never see: who is issuing and processing cards, which merchants are switching acquirers, which real-time payment schemes are going live, and where settlement still takes days. Coverage follows the companies building those rails, from Visa and Mastercard to Stripe, Adyen, Checkout.com and Marqeta, and the regulatory decisions that shape what they can charge. Stablecoin settlement appears here only where it touches an existing payment rail; the rest sits under stablecoins.

New to the subject? Start with the explainers: What are agentic payments? and What is pay by bank?

Latest developments

In October, Payward, the company behind Kraken, connected to Singapore Gulf Bank's real-time clearing network so institutions in Asia and the Gulf can settle dollars at any hour, starting with a select group of clients. Basware closed its purchase of payment fraud specialist Trustpair, with the price undisclosed and Trustpair staying independent and open to rival systems. Visa data shows about 17% of stablecoin-linked card volume sits in business and commercial programs, a figure that measures cards funded with stablecoins rather than companies settling invoices on-chain. Citi said it is first to run several domestic instant-payment rails through the Swift scheme, covering AUD, GBP, INR and USD, though the US dollar leg reaches only Citi account holders.

Summarised with AI from the Fintechbits articles above and checked against them. How we use AI

Latest payments coverage