

REGULATION
The limited-purpose account has been hailed as a turning point for competition in payments, pending clarification of what it includes.
PAYMENTSThe United Kingdom Payment Reassurance Coalition has published a framework allowing consumers to make recurring payments using a bank account, subject to consumer-set limits, with a long-term regulatory framework to follow once legislation is in place.
PAYMENTSA major international card scheme has received formal regulatory authorisation to process payments in multiple jurisdictions. The authorisation confirms the network may process payments. The network has processed payments for 68 years.
PAYMENTSThe surcharge ban takes effect immediately. Seven banks have confirmed they will be introducing a new service fee of equivalent value. The fee is described as unrelated to the surcharge.
PAYMENTSNational legacy rails retirement date confirmed. Industry reaction: mostly silence, some nodding, one banker asleep.
TECHNOLOGY
Analysts have described the completion as highly irregular and have requested access to the methodology.
TECHNOLOGY
CardNexus has announced the global expansion of its Agentic Readiness Theatre programme, giving banks across Asia Pacific and Latin America the opportunity to prepare for a payment environment that remains under active development.
TECHNOLOGY
Credit data company unveils Agent Operating System™ at FinovateWorld Amsterdam, noting nearly half of organisations still find integrating data into AI workflows difficult.
TECHNOLOGYThe card product enables cardholders to make purchases by presenting the card. PastelPay confirms this is the intended use case. The card is not a debit card. It is also not a credit card. It is a card.
TECHNOLOGYThe role carries executive committee status and a mandate to simplify. The executive's first initiative is a working group to define what simplification means in this context.
TECHNOLOGYOriginally scheduled as a three-year delivery. The bank now describes the programme as in its design maturity phase, which is the prerequisite to the readiness phase.
AGENTIC AI
The card-scheme mothership says its new protocol will allow AI agents to authorise, coordinate and settle transactions with one another at a pace no human is expected to observe.
AGENTIC AIThe AI attends, summarises, and drafts follow-up actions. Executives report being across all decisions. No executive has attended in person since February.
AGENTIC AIThe framework enables AI agents to make payments autonomously. In testing, the agent selected a competitor's subscription service. The scheme describes this as a feature gap.
CRYPTO
The tokenised deposit network, targeting a first-half 2027 launch, will allow customer money to move instantly between the banks it is already in.
CRYPTOThe programme will launch in selected markets. Creators will receive payment in a stablecoin. The stablecoin is backed by something.
CRYPTOThe entity will issue a euro-denominated stablecoin. The banks describe this as a strategic initiative. The initiative addresses concerns about strategic autonomy. Strategic autonomy is not further defined.
CRYPTOFive major banks publish coordinated stablecoin research paper. Paper recommends further papers. Industry hails as "comprehensive".
REGULATION
The limited-purpose account has been hailed as a turning point for competition in payments, pending clarification of what it includes.
REGULATIONThe roadmap sets out a timetable for further publications. A discussion paper will follow. The discussion paper will invite responses. The responses will inform a further consultation.
REGULATIONThe assessment considered 14 potential structures. the Open Banking Governance Bureau was identified as best placed to design its own replacement. The replacement will be independently governed.
REGULATIONRegulators have 90 days to identify provisions. Updates will follow. The interval is not specified. A further review will assess whether the identified provisions were the right ones.
REGULATIONThe Payments Supervision Rectangle has reviewed the consultation responses and agrees that its abolition represents a positive development for regulatory coherence. Transition arrangements are under development.
REGULATIONThe simplification reduces 14 templates to 11. The 11 templates require 9 additional data fields. A short-form summary is provided. The short-form summary is 64 pages.
REGULATIONThe consultation runs for 90 days. Submissions to date have indicated industry will need more time. An extension is being considered. The extension is itself subject to consultation.
REGULATIONBuy-now-pay-later platforms report record default rates. Growth remains on track. The sector describes current conditions as a normalisation of credit performance within expected parameters.
REGULATIONFinancial intelligence agency extends AML/CTF compliance date. Industry immediately requests further extension. Regulator considering.
REGULATIONVersion 6.0 of AI governance framework released. Industry begins preparation for Version 7.0. Version 5.0 compliance still in progress.
INDUSTRY LEADERS
The veteran has now held the role on five separate occasions. His bio has been refreshed. The refresh consists of changing the date. Industry observers have welcomed his appointment.
INDUSTRY LEADERS
The CFO of a listed payments group is to depart to pursue exciting personal opportunities. No further details are available. The transition will be orderly. The next CFO is yet to be named.
INDUSTRY LEADERS
A senior payments executive has reported the best sleep of his professional career during the final afternoon of a three-day industry conference. Attendees described his contribution as "present".
CONFERENCESThe winning team produced a working prototype in 36 hours. The prototype solved a long-standing reconciliation problem. Procurement has indicated the production build will take 14 months and will require a different team.
CONFERENCESAnnual payments conference draws senior executives from every major institution. Sessions cover future of payments. Future remains uncertain.
CONFERENCESGlobal summit releases limited ticket allocation. VIP passes sold out in 7 minutes. Standard passes remain available indefinitely.
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