FedNow Expands Cross-Border Message Support, but Only for the US Leg
FedNow is preparing message support for the US leg of cross-border payments, while correspondent banks will still handle movement outside the country.
Category: Industry Analysis
Citi Turns Card Spending Into Ad Targeting as Opt-Out Controls Face Scrutiny
Citi Commerce Media uses card spending patterns to target ads on Citi and third-party channels. The launch puts notice, opt-out and data-sharing boundaries in focus.
Banks Warn Agentic Commerce Governance Is Lagging Live Pilots
Six banks say agentic commerce has reached live pilots while liability, authorization, dispute and data controls remain incomplete. Their principles are voluntary and non-binding.
Amazon Blocks Meta’s Muse as Agentic Commerce Exposes a Merchant-Control Gap
Amazon has blocked Meta’s Muse AI agent from shopping on its site, turning agent identification, credential custody and merchant consent into immediate payment-control issues.
Visa Survey Shows AI Payment Trust Gap as Agents Move Toward Checkout
Only 23% of U.S. consumers surveyed trusted generative AI to handle payments for them, underscoring the consent, identity and dispute controls needed before autonomous checkout scales.
ECB Confirms Early Pix-TIPS Study; 2028 Pilot Is Not Yet Committed
The ECB confirmed preliminary work on a possible Pix-TIPS connection, but no launch decision, operating model or reciprocal service has been announced.
FedNow Ties 2027 Discounts to Send Volume and Fraud Tools
FedNow’s 2027 credits reach $80,000, but the largest incentives require send-volume targets, FedACH participation and controls that can trigger reversals.
Block’s Cash App Score Expansion Raises Consent and Explainability Questions
Block plans to distribute its transaction-based Cash App Score to outside lenders through Nova Credit, putting consent, decision explanations and model oversight in focus.
Bank of Italy Test Finds Stablecoin Remittance Costs Hinge on Fiat Ramps
A Bank of Italy field test found no systematic cost advantage for USDC remittances. Exchange pricing, funding methods and domestic payment rails determined the outcome.
Stripe-Advent Group Reportedly Ends $53 Billion PayPal Pursuit
Stripe and Advent reportedly abandoned their pursuit of PayPal after a $53 billion approach. The end of the talks removes an immediate concentration test but leaves PayPal’s strategy under scrutiny.
Swift Delays ISO 20022 Address Mandate After Banks Seek More Time
Swift has deferred its November 2026 structured-address requirement after banks and payment infrastructures said they needed more time.
BNPL Model Finds Merchant Fees Can Push Up Prices for All Shoppers
A forthcoming study models how buy now, pay later fees can raise sticker prices and reduce inventory, while stopping short of measuring actual marketwide effects.