South Korea to Launch QR Code-Based Payments System in Indonesia
Following a model established by China’s payments apps, South Korea plans to launch a QR code-centric payments service in Indonesia. The Korea Financial Telecommunications & Clearings Institute (KFTC), a division of the Bank of Korea, is leading the initiative, with the broader goal of establishing a network that connects Korean financial services companies with overseas […]
Why Meta Is Getting Back into the Stablecoin Business
Three years after abandoning its previous effort to produce a stablecoin, Meta is now working with several cryptocurrency companies to introduce a new version of the digital currency. The company plans to use the stablecoin for cross-border payments, simplifying payouts to the creators who use its platforms around the world. Not only will this make […]
Credit Cardholder Attrition: The Big Enchilada Is in Play
Credit card managers often have an annual business development goal in place of expanding their loan portfolios. In practical terms, a good year requires the issuer to offset voluntary and involuntary attrition with new account bookings, with a 6% to 8% net growth model. In normal years, attrition is approximately 15%, with half of the […]
Ensuring Payment Decisions Pay for Themselves
Even though payment decisions can have implications across an entire enterprise, the total cost of payments is often neither well-known nor properly measured. A true payments orchestration strategy must not only consider organizational impacts but also quantify them. Conducting this type of assessment can help organizations identify which payment changes result in increased ROI and […]
Stripe’s AI Model Touted to Be More Effective Against Fraud
Artificial intelligence models are only as effective as the data they’re trained on, which is one reason why Stripe believes its AI-driven payments platform can better detect fraud. At an event, the company said its Payments Foundation Model has been trained on billions of transactions that flow through its systems, which makes the AI model […]
Corpay Strengthens Its Push into Accounts Payable for Smaller Businesses
Corpay’s investment in AvidXchange addresses a key functionality gap for the payments firm, meeting the rising demand for accounts payable automation in the underserved middle market. AvidXchange, a provider of SaaS-based AP automation and payment solutions, digitizes and automates AP workflows for smaller enterprises. Private equity company TPG will hold the majority of AvidXchange’s stock. […]
As Businesses Reevaluate Cross-Border Relationships, Financial Institutions Can Help
The pace of innovation in cross-border payments is relentless, with regular announcements of new technologies and partnerships. Yet even as the ecosystem evolves, adoption of these solutions by commercial users remains slow and uneven. As shifting tariffs force global businesses to reconfigure supply chains, financial institutions have an opportunity to step in with guidance and […]
Coinbase Payments Protocol Puts Stablecoin Transfers in AI Agents’ Purview
Crypto exchange Coinbase will launch the x402 payments mechanism, which leverages the existing HTTP “402 Payment Required” status code to facilitate instant stablecoin payments. the protocol allows APIs, apps, and AI agents to conduct transactions during web interactions with minimal code integration. This means humans and AI agents can exchange digital assets as easily as […]
Nordic States Announce Offline Payments Plan After Damage to Cables
Five northern European nations are planning to develop an offline card payment system as a backup in case internet or electrical connections are disrupted. The initiative follows several incidents in recent years where critical undersea cables and other infrastructure were damaged. Over the next year, Finland, Sweden, Norway, Denmark, and Estonia will begin rolling out […]
The Brave New Future of the Disappearing Account
Are we witnessing the slow death of the account? As the traditional walls around them fall, some financial services companies are focusing on services rather than long-term relationships and giving a new framing to their offerings. This is more than just an issue of semantics. In a new report, ”Disappearing” Accounts and the Future of […]