UK Banks are Building an Open Payments Network
UKPI transactions will be settled directly between a consumer and a merchant bank. Unlike existing A2A payments, UKPI transactions will carry rules that govern disputes as well as other consumer protections.
Merchant Litigation Settlement Finalized
The settlement was reached only after a major concession by the card networks—they dropped their decades-long honor all cards rules. In principle, merchants can now deny a cardholder from using a particular card product. Candidates for that treatment by merchants would be those cards that charge higher interchange fees.
Cash App Targets Gen Z Spending with Payment Wand
Cash App is adding a proprietary line of near field communication (NFC) accessories linked to its Cash App Visa Card. The first Cash App Tags device is a wand. Cash App and Square are business units of parent company Block. The wand is designed to be kept in the open. It can be clipped to […]
Top 45 Merchant Acquirers in Europe—2025
Cards carrying the global brands—Visa, Mastercard, American Express, Diners Club/Discover, UnionPay and JCB—generated 150.83 billion transactions, an increase of 6.6%.
CoinZoom Crypto Debit Card
CoinZoom’s blockchain-based trading platform makes an immediate crypto-to-fiat currency exchange on those transactions. The company maintains SOC 2 Type II enterprise-level data security.
Lydian Stablecoin Processing for Merchants
Acquirers need only one link to Lydian to gain access to more than 300 digital assets and 860 million consumers with crypto wallets (MetaMask, Binance, Trust Wallet, etc.). Lydian provides a checkout user interface SDK and a suite of APIs and unified merchant reporting. There is no operational overhead tied to crypto wallet management or treasury management. No new workflows are required.
Know Your Agent Pay Protocol Consortium
Skyfire, which launched end-to-end interoperable network infrastructure capabilities for autonomous agentic commerce early in 2025, assembled a consortium of more than 15 security vendors, bot managers and identity and access management companies to create a trust protocol they call KYAPay to make the web just as useful to an AI agent as it is to a human when making a payment.
Mastercard Approved for BitLicense in New York
With a BitLicense, Mastercard can operate a cryptocurrency business that serves consumers and businesses in the state of New York. It can transmit crypto, store and maintain it on behalf of customers and buy and sell.
Global Payments AI-First Handheld POS Device
The ultra-thin Genius will deliver AI features such as the ability to accept menu item orders in high-noise environments based on conversations between the customer and the server, with the software identifying what is being ordered.
Vera Credit Mastercard Card
Vera Credit launched this month with a direct mail campaign, testing three levels of cash back reward offers to 150,000 prospects. The company is not marketing online because it wants to control applications.