PYMNTS

NOVEMBER 12, 2020

Delegated by the Canadian Government, Payments Canada is responsible for the clearing and settlement infrastructure, processes and rules. Providing Canadians and Canadian businesses with access to faster, data-rich payment options will enable innovation, support the long-term growth of the economy, and strengthen our global competitiveness.”.

ISO 20022 138

ISO 20022 Real Time Payments Settlement ISOs 138

Fintech News

JANUARY 7, 2024

Payments innovation in Indonesia holds significant promise for contributing to the nation’s economy and helping bring about a more inclusive, accessible, and equitable financial system. This system is also supporting the country’s digital economy and connecting Indonesians across its large geographically dispersed set of islands.

Financial Inclusion 101

Financial Inclusion Innovation Payments NOV 101

Fintech News

DECEMBER 4, 2023

Despite high-interest rates, plunging fintech valuations, and a slowdown in external deal activity, the environmental, social and governance (ESG) fintech sector is proving resilient and continuing to thrive as evidenced by the ESG fintech investment reaching an all-time high just recently. billion to an anticipated $730 million this year.

FinTech 96

FinTech APACS NOV Authorization 96

PYMNTS

DECEMBER 3, 2020

Data will be disseminated in near-real-time to assist government agencies with recovery planning. The survey, which was conducted Nov. economy gained a reported 2.5 The survey aims to collect data and glean insights about American households amid the global pandemic. But Senate Majority Leader Mitch McConnell (R-Ky.)

Near Real-Time 97

Near Real-Time NOV Origination Economy 97

PYMNTS

DECEMBER 1, 2020

The International Monetary Fund (IMF) said Monday (Nov. A second wave of the coronavirus has triggered partial or total lockdowns in several eurozone economies, including Germany, France, Italy and Spain. In November, the IMF called on the G20 to financially support their local economies amid the ongoing pandemic.

Continuity 67

Continuity Economy NOV Facilitators 67

PYMNTS

NOVEMBER 2, 2020

that will take effect on Thursday (Nov. 2, according to new guidance issued by the government on Monday (Nov. Merchants are warning that a second lockdown will be a “nightmare before Christmas,” according to a Financial Times(FT) report on Monday (Nov. 4) and continue through Dec. and in other countries.

NOV 56

NOV On-Demand Economy Government 56

PYMNTS

NOVEMBER 22, 2020

taxpayers stand to absorb a hit of about $435 billion from borrowers’ failure to repay student loans currently on the federal government’s book, the Wall Street Journal reported Saturday (Nov. The figure, which approaches banks’ losses during the 2008 sub prime mortgage crisis, resulted from an analysis performed by the U.S.

NOV 113

NOV Government Governance Consulting 113

PYMNTS

DECEMBER 9, 2020

About 91,000 layoffs in the federal government were attributed to temporary Census workers. . According to the BLS, the economy is still 9.8 Openings were up 23,000 in state and local government education after losses the previous two months. Initial jobless claims for the week ending Nov.

Caps 64

Caps NOV Government Governance 64

PYMNTS

NOVEMBER 1, 2020

Even though many companies recently reported earnings that showed a faster-than-expected bounce back from the pandemic, executives remain leery about the foreseeable future, The Wall Street Journal (WSJ) reported Sunday (Nov. data released Friday indicated the economy recovered more strongly than many experts had predicted.

Shutdown 67

Shutdown NOV Economy Rules 67

PYMNTS

NOVEMBER 26, 2020

With regulators cracking down in China, FinTech leaders are scrambling for capital and trying to plan their futures, Bloomberg reported Wednesday (Nov. Last year the SAMR met with numerous companies to request them to stop the practice.

Regulations 61

Regulations Rules NOV Government 61

PYMNTS

DECEMBER 23, 2020

Consumers in Italy are embracing a new government effort designed to strengthen retail sales while tamping down on tax evasion that lets purchasers get a 10 percent reimbursement on card payments conducted in brick-and-mortar venues. Data: 70 Pct Of North American CFOs Expect Economy To Improve With COVID Vaccines.

Federal Reserve 67

Federal Reserve NOV Credit Cards Participant 67

PYMNTS

NOVEMBER 16, 2020

billion, and the economy is facing greater challenges as COVID-19 cases continue to rise. continues to post an alarming increase in the number of new COVID-19 cases without word of any additional government stimulus. The news of a COVID-19 vaccine on Nov. In today’s top news, PNC will acquire BBVA’s U.S. unit for $11.6

Visa 57

Visa NOV Push-to-Card FTC 57

PYMNTS

NOVEMBER 20, 2019

Citi is streamlining the cross-border collections process for its corporate treasury clients, the financial institution said Wednesday (Nov. In today’s digital economy, clients must scale quickly into new markets to remain competitive,” said Citi Global Head, Payments and Receivables Manish Kohli in a statement. “At

Cross-Border 83

Cross-Border Accounts Multi-Currency Reconciliation 83

PYMNTS

NOVEMBER 11, 2019

economy ducked a recession but the economy grew at its slowest annual rate since the third quarter in 2010, Reuters reported on Monday (Nov. The fact that the government will be celebrating 0.1 economy has been in stop-start mode all year, with growth punctuated by the various Brexit deadlines.”. percent expansion.

Economy 40

Economy NOV Adjustments Government 40

PYMNTS

NOVEMBER 13, 2019

China’s Alibaba Group has unveiled a secondary listing plan in Hong Kong dubbed “Project Tangerine” in an effort to raise about $13 billion, The Wall Street Journal reported on Wednesday (Nov. The deal’s final price will be decided on or around Nov. The stock is due to start trading the week of Nov. 26 in Hong Kong.

NOV 40

NOV Cross-Border Economy Government 40

PYMNTS

NOVEMBER 4, 2020

LendingClub , the country’s top provider of personal loans, said in earnings results Wednesday (Nov. unemployment claims remain well above pre-pandemic levels, the virus continues to grip the country, and the odds of additional government stimulus remain unclear. “We We are not sitting still and hoping for things to get better.”.

Volume 111

Volume On-Demand NOV Continuity 111

PYMNTS

NOVEMBER 5, 2020

National Payments Corporation of India (NPCI), which operates the country’s popular UPI (Unified Payments Interface) system, said in a Thursday (Nov. A major spur to that growth came in 2016, when the Indian government invalidated the vast majority of paper cash that had been circulating in the nation’s economy, the tech news site noted.

Caps 60

Caps Payments NOV Transactions 60

PYMNTS

NOVEMBER 30, 2020

Department of Labor (DOL) have been inaccurate and payments have been too low for some recipients, according to a Government Accountability Office ( GAO ) report on Monday (Nov. According to the Nov. Unemployment figures released by the U.S. 30), according to a Wall Street Journal report.

NOV 63

NOV Adjustments Government Governance 63

PYMNTS

NOVEMBER 5, 2020

Commerzbank , Germany’s second-largest bank, is bracing for widespread bankruptcies among small and mid-sized business customers as the pandemic continues to weigh heavily on the global economy. As a result, the bank may be forced to take additional pandemic-related charges in the coming year.

NOV 52

NOV On-Demand Laws Economy 52

PYMNTS

NOVEMBER 30, 2020

President-elect Joe Biden rounded out his economics team on Monday (Nov. In general, Biden’s appointees are committed to building up the economy so as to lower unemployment and drive up workers’ wages. economy recover from the pandemic-induced crisis. 30) by appointing two women to top posts.

Federal Reserve 56

Federal Reserve Treasury Advisors Fed 56

PYMNTS

NOVEMBER 15, 2016

On Tuesday (Nov. 8) India’s government issued a ban on high-denomination banknotes , which has resulted in lenders bringing in 2 trillion rupees ($29.8 In a statement over the weekend, the Ministry of Finance reported that more than 70 million transactions had taken place as of Nov.

ATM 55

ATM NOV Governance Government 55

PYMNTS

NOVEMBER 17, 2019

Following years of brisk expansion, China’s smaller financial institutions are seeing hard times as customers turn to larger banks and the local economy slows, the Wall Street Journal (WSJ) reported on Sunday (Nov. S&P Global analysts figure that troubled lenders make up about 4 percent of China’s total banking capital.

NOV 61

NOV Central Bank Credit Risk Economy 61

PYMNTS

NOVEMBER 11, 2019

The Economic Times of India reported Monday (Nov. SMBs are increasingly becoming a focal point for India’s government, which is looking to boost the economy with a working group within the Ministry of Commerce and Industry.

Credit Cards 40

Credit Cards Real Time Payments NOV Economy 40

PYMNTS

SEPTEMBER 12, 2019

In case you haven’t read this already, here is the latest news: The President of the European Central Bank (ECB) Mario Draghi has, according to CNBC, “urged governments to take fiscal measures to supplement the central bank’s monetary stimulus and reinvigorate the eurozone economy.”. percent, a record low. More Action. Varied Views.

Cross-Border Payments 43

Cross-Border Payments Cross-Border Central Bank Economy 43

PYMNTS

OCTOBER 16, 2019

economy, such as the services sector. In case you haven’t read this already, the President of the European Central Bank (ECB) Mario Draghi last month “urged governments to take fiscal measures to supplement the central bank’s monetary stimulus and reinvigorate the eurozone economy,” according to CNBC. percent, a record low.

Federal Reserve 41

Federal Reserve Central Bank Economy NOV 41

PYMNTS

DECEMBER 1, 2020

Sturla Pálsson , director for Markets Department of the Central Bank of Iceland, said in the release that the efficient, secure payment system is a prerequisite for "smooth, normal business transactions in a modern economy.". Altana AI Lands $7 Million For Supply Chain Visibility.

Instant Payments 56

Instant Payments B2B Central Bank Payments 56

PYMNTS

NOVEMBER 28, 2016

The social engineering project, WSJ explained, was designed to help uncover more of the country’s $2 trillion economy, while punishing tax evaders and other criminals. Banks have 50 days to comply with the new directive, with individuals able to exchange those notes beginning Nov. 10 and extending through Dec.

Money Laundering 41

Money Laundering Government Governance NOV 41

PYMNTS

NOVEMBER 16, 2020

Here’s the latest news from the technology industry, which is coming under increasing scrutiny from governments and consumers around the world. As technology companies become bigger and more important to the economy, I would say more regulations to reflect the new reality are needed," Lau said, according to the report. Regulation.

Blocks 60

Blocks Federal Trade Commission FTC Accreditation 60

PYMNTS

NOVEMBER 23, 2016

The India-based startup said Tuesday (Nov. We are looking to help the small transporters and fleet owners leapfrog into the emerging cashless economy by facilitating online transactions for everything from lorry hire to fuel and toll payments and even the remittances by the driver to his family.”

Payments 56

Payments Facilitators NOV Payroll 56

PYMNTS

NOVEMBER 16, 2016

According to their report , released Monday (Nov. That finding, Hitachi concluded, means businesses need to adjust their business plans as they continue to play a key role in the economy of a nation that continues to act as a major trading partner on the international stage. economy on its feet alone. after the Brexit vote.

Posting 53

Posting Cross-Border Research Economy 53

Fintech News

FEBRUARY 20, 2024

With a rapidly growing economy and a tech-savvy population, Indonesia has become a hotbed for fintech innovation and startups, peering into the most well-funded fintech startups in ASEAN’s largest country can provide hints on what verticals investors are most bullish on in this region.

FinTech 105

FinTech Payment APIs and Integration Online and Mobile Banking Security 105

PYMNTS

SEPTEMBER 13, 2016

economy, with the recovery underway, would see the Fed incrementally tick up interest rates throughout 2016, with an overall goal of ~2 percent, coming close to 2008 levels. Unfortunately, for those looking for the long freeze on interest rates to give way to a thaw, the economy did not quite cooperate in 2016.

Fed 55

Fed Federal Reserve Economy NOV 55

PYMNTS

DECEMBER 28, 2018

Mastercard, in its SpendingPulse report, defines the holiday shopping season as running from Nov. According to Mastercard , overall retail spending increased 5.1 percent year-over-year to more than $850 billion. Online shopping grew 19.1 It was a very healthy holiday season all around,” Sadove told Webster. Holiday Numbers.

Visa 62

Visa Consumer On-Demand Shutdown 62

PYMNTS

MAY 22, 2017

On the night of Nov. billion citizens on track for a cashless future, hopefully putting an end to the country’s parallel underground economy. billion citizens on track for a cashless future, hopefully putting an end to the country’s parallel underground economy. India has long been a cash economy. billion, a 0.6

Online and Mobile Banking 41

Online and Mobile Banking Digital Payments Settlement Non-Bank 41

PYMNTS

NOVEMBER 15, 2017

Reports said the filing, dated Nov. Some governments are beginning to explore blockchain in the context of global trade, too. According to reports in Cointelegraph this week, payments technology firm Mastercard filed a patent related to real-time payments using blockchain technology. 9 with the U.S.

Blockchain 52

Blockchain Distributed Ledger Technology (DLT) Visa Real Time Payments 52

PYMNTS

NOVEMBER 11, 2020

Federal Reserve Bank of Boston President Eric Rosengren said he doesn't think the next few months will be necessarily easy on the economy in spite of the recent uplifting news regarding a possible COVID-19 vaccine, CNBC reported. 9), wasn't quite a silver bullet.

Fed 97

Fed Federal Reserve Economy Returns 97

PYMNTS

DECEMBER 2, 2020

Facing a growing budget deficit and the cries from local businesses about fairness, the Canadian government is proposing a new digital tax on foreign web giants such as Netflix, Facebook, Amazon and Google. billion levy that was unveiled in parliament Monday (Nov. The digital tax is part of a broader five-year, $3.4

Government 78

Government Governance Economy NOV 78