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Latest Results from /payments

/payments

CFPB sues JPMorgan, BofA and Wells Fargo over Zelle fraud

The Consumer Financial Protection Bureau has filed a lawsuit against JPMorgan Chase, Bank of America and Wells Fargo, accusing them of allowing fraud to "fester" on P2P payments platform Zelle.

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Fear of fraud in instant payments shouldn’t stop progress – US Faster Payments Council

A key conflict that will undoubtedly shape progress within fintech successes throughout 2025 is the shifting innovations of instant payments and the problem of evolving fraud alongside it.

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PalmPay and Jumia partner to develop Nigerian digital payment ecosystem

In an attempt to grow the use of the cashless economy, operator of Nigeria's most used mobile wallet PalmPay has partnered with African e-commerce giant Jumia.

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Chargeback platform Justt raises $30 million

Chargeback management firm Justt has secured a $30 million Series C round to fund global expansion.

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New Zealand reduces merchant service fees for card payments

New Zealand's Commerce Commission has issued a draft decision to reduce fees paid by Kiwi businesses for accepting Visa and Mastercard payments.

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A2A payments startup Volume raises $6 million

Account-to-account payments fintech Volume has raised $6 million to scale its operations across the UK and Europe.

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Stablecoins are hot! BVNK scores $50 million to expand across the US

Stablecoin payments infrastrcuture firm BVNK has secured a $50 million Series B round to expand its operations in the United States.

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Morgan Stanley becomes first investment bank to deploy Wise platform

Morgan Stanley is to adopt Wise's technology platform to conduct foreign exchange international settlement for its corporate customers.

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Neonomics files complaint over anti-competitive practices in Norway's payments market

Open banking data vendor Neonomics has filed a complaint with the Norwegian Competition Authority alleging anti-competitive practices in the payments market by the country's banking sector.

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PSR calls for data sharing between banks and technology platforms to combat APP fraud

A new report from the Payment Systems Regulator shows how fraudsters exploit major platforms to scam consumers.

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Ripple begins stablecoin roll out

Ripple has commenced the roll out of its RLUSD stablecoin on global exchanges Uphold, Bitso, MoonPay, Archax, and CoinMENA, with more in the pipeline.

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Australian regulator sues HSBC for failing to protect customers from scams

The Australian Securities and Investment Commission (Asic) is suing HSBC for failing to adequately protect customers scammed out of millions of dollars.