EU Supervisors Put Non-EU Payment Dependencies on the Resilience Agenda
EU supervisors say banks rank payment-solution dependencies among their biggest non-EU risks, sharpening the focus on concentration, contingency and exit planning.
Category: Payment Infrastructure
Apple Pay Fee Case Expands to Class of U.S. Card Issuers
A federal judge certified a class of U.S. card issuers that paid Apple Pay transaction fees, allowing shared antitrust claims to proceed without deciding liability.
Revolut Face-Payment Pilot Deletes Embeddings but Retains Checkout Images
Revolut’s Pay with Smile pilot deletes single-use facial embeddings after each check, but its privacy notice says transaction photos and related records are retained.
US Seeks Forfeiture of $84.2M From Capstone Payment Accounts
A US civil forfeiture case targets about $84.2 million in bank and USDT assets tied to Capstone, an intermediary used by EQIBank for dollar payment access.
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.
Fed Proposes Stablecoin Reserve, Capital and Redemption Rules
The Federal Reserve has proposed a supervisory framework for payment stablecoin issuers covering reserves, capital, redemptions, custody and bank applications.
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.
FT Investigation Says A7 Routed $6.9 Billion Through Global Banks
Leaked records reviewed by the Financial Times reportedly show how A7-linked front companies used forged documents to route more than $6.9 billion through global banks.
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.
ECB Launches Pontes but Leaves Tokenised Investment Size and Timing Open
The ECB has launched its initial Pontes settlement service and plans to invest part of its own funds in tokenised securities, but key investment terms remain undecided.
Nacha’s September 18 Rules Put IAT Classification and ACH Posting Under Review
Two Nacha rule changes taking effect September 18 require ACH participants to review international-payment classification and 9 a.m. funds availability.
WhatsApp Screen-Sharing Scam Exposes Gaps Across Payment Controls
A victim reportedly lost more than £27,000 after fraudsters posing as FCA inspectors kept him on WhatsApp calls and gained visibility into his payment activity.