Worldpay, a global payments technology company based in the UK, has expanded its collaboration with Visa to enhance its 3D Secure (3DS) solution, aiming to help merchants in the US reduce fraud without compromising the customer experience. Through the use of Worldpay’s 3DS Flex, merchants can pass authentication data to card issuers, improving payment security and authorisation rates while minimising unnecessary friction at checkout. “Fraud mitigation isn’t just an on or off switch; rather, it’s a balance that requires merchants to understand how security, authentication, authorisation, fraud detection and the impact on the shopping experience work in harmony with one…

In a 68–30 vote, the US Senate has agreed to advance the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, more than a month after the legislation was first introduced. Speaking on the Senate floor on June 11, Majority Leader John Thune urged members of Congress to support the bill, echoing many of former US President Donald Trump’s key talking points on digital assets. As reported by Cointelegraph, Thune claimed the legislation would help position the United States as the “crypto capital of the world.” A majority of senators, including several Democrats, voted to invoke cloture on…

Abacum, a New York-based startup offering AI-powered financial planning software for businesses, has secured US$60 million in a Series B funding round led by Scale Venture Partners. The company, co-founded and led by CEO Julio Martínez, develops tools to support finance teams in forecasting and planning through the use of artificial intelligence and machine learning. The funding round also saw participation from Cathay Innovation, Y Combinator, Creandum, Kfund, and Atomico. According to Martínez, the round was closed in less than two weeks, bringing Abacum’s total funding to approximately US$100 million to date. Abacum’s platform enables finance teams to collect and…

PayPal has announced plans to make its US dollar stablecoin, PayPal USD (PYUSD), available on the Stellar network, pending regulatory approval from the New York State Department of Financial Services (NYDFS). Stellar is a blockchain developed to support fast and cost-effective payments, with a focus on practical real-world applications. If approved, the expansion to Stellar would allow PYUSD to benefit from the network’s lower transaction costs, faster processing times, and simplified integration. This would serve as an additional blockchain option alongside Ethereum and Solana, potentially improving PYUSD’s use in payments, commerce, and micro-financing. The availability of PYUSD on Stellar is…

In May, the House Republicans’ “One Big Beautiful Bill Act” passed through the US House of Representatives, outlining US President Donald Trump’s tax agenda for the next few years and introducing a new 3.5% tax on remittances by non-citizens. A new analysis by FXC Intelligence, a data platform specializing in the cross-border payment and e-commerce sectors, explores the potential effects of the proposed tax on money transfers, warning of increased costs for consumers, the growth of informal and unregulated cross-border payment methods, and the introduction of operational challenges for money transfer providers. Higher costs for migrant workers Under the proposed…

Corpay, an Atlanta-based business payments company, has announced the appointment of Peter Walker as its new Chief Financial Officer, effective July 21. Walker joins Corpay from Instructure Holdings, where he most recently served as CFO. During his time at Instructure, he oversaw the company’s sale to KKR, leading its transition from a public to a private entity. Prior to this, he held CFO roles at Sterling Check and Jackson Hewitt. Earlier in his career, he spent over 17 years at Assurant in various finance, accounting, and strategy positions, concluding his tenure there as CFO and Chief Strategy Officer. Walker began…

UK-based digital payments firm Navro has obtained a money transmitter license in the US, issued by the Delaware Office of the State Bank Commissioner. The license will enable Navro to offer its cross-border payments services to businesses in the US, marking the beginning of efforts to expand its operations across the country. “This initiates the process of extending Navro’s footprint across the US,” said CEO Aran Brown. Founded in 2022, Navro provides merchants access to global financial systems through a single API. It describes its platform as the “world’s first payments curation platform”. In May, the company closed a US$41…

Plug and Play, a California-based early stage investor, announced the close of its US$50 million Fintech and AI Fund during its Silicon Valley June Summit 2025. Backed by nine institutional investors, the fund is the largest industry-themed fund the company has raised to date. It brings the total number of funds managed by Plug and Play to nine. The fund will invest in startups globally and reflects the evolving approach financial services companies are taking toward innovation. Over the years, many of Plug and Play’s limited partners have participated in pilot and development programmes through the platform. These collaborations have…

Amazon has announced plans to invest at least US$20 billion in Pennsylvania to expand its data centre infrastructure in support of AI and cloud computing technologies. Salem Township and Falls Township have been identified as the initial locations for these planned innovation campuses, with several other communities across Pennsylvania also being considered. The investment is expected to create at least 1,250 new technical roles, including data centre engineers, network specialists, engineering operations managers, and security specialists. It will also support thousands of jobs connected to the Amazon Web Services (AWS) data centre supply chain, including roles in construction and other…

Cross River Bank, a technology infrastructure provider based in New Jersey, has launched Request for Payment (RfP), a new addition to its suite of instant payment tools. This feature aims to improve the process of inbound money movement and enhance funding flexibility across the Real Time Payments (RTP) network. Fintech company Plaid will be the first to implement the feature, enabling instant purchases through its bank payments platform, Plaid Transfer. Cross River has positioned itself as an early adopter of the RTP network and currently processes over one billion dollars each month in real time disbursements across both RTP and…

BridgeWise, a New York-based global AI investment intelligence platform, has introduced SignalWise, a new personalised alerts and insights system for digital trading platforms and financial advisors. Launched at Money20/20 Europe, SignalWise aims to provide relevant and timely market intelligence designed to support client engagement, activate trading activity, and aid informed decision-making. Unlike traditional alert systems, SignalWise incorporates real-time event detection with AI-driven predictive analysis and personalised insights. It links specific events and asset types with suitable investor segments based on portfolio data and behavioural patterns. The system also provides historical context and analysis in multiple languages across a broad range…

OneSpan, a Chicago-based cybersecurity firm, has announced the acquisition of Nok Nok Labs, a California-based provider of FIDO passwordless software authentication solutions. The acquisition aims to expand OneSpan’s authentication capabilities, offering customers a broader range of secure and flexible authentication methods. The move follows OneSpan’s recent launch of FIDO2 security keys and forms part of its wider strategy to enhance its authentication portfolio. The company now provides both software and hardware authentication solutions, ranging from one-time passwords (OTP) to FIDO protocols, including Digipass, FIDO2, and Cronto transaction signing technologies. These options are available across both cloud-based and on-premises environments. “This…

Simetrik, a Colombia-based AI reconciliation platform, has announced an additional US$30 million investment led by Growth Equity at Goldman Sachs Alternatives. This follow-on financing brings the company’s Series B total to US$85 million and will support its expansion efforts in the US and other rapidly growing, highly regulated markets. Simetrik offers a no-code platform powered by agentic AI, which processes over one billion records daily across more than 40 countries. The platform enables finance and operations teams to automate reconciliation workflows, standardise financial data, and maintain compliance, offering a consolidated source of truth for reconciliation processes. It also provides real-time…

Crypto exchange Gemini has confidentially filed a draft registration statement on Form S-1 with the US Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO) of its Class A common stock. Details regarding the number of shares to be offered and the expected price range have not yet been disclosed. The IPO is anticipated to take place following the SEC’s review process, and will be subject to market and other conditions. Last week, Circle officially joined the public markets, raising US$1.05 billion in one of the most anticipated IPOs of the year. The firm had previously attempted…

Brazil’s wildly popular instant payment system, Pix, is set for another major development this month with the introduction of a new recurring payments feature, according to central bank officials. Launched in late 2020, Pix has swiftly become the dominant payment method in Latin America’s largest economy, overtaking cash, debit, and credit cards, according to Reuters. In 2023 alone, it processed more than 26 trillion reais (US$4.61 trillion) in transactions. Originally scheduled for release last October, the new feature, dubbed “Pix Automático”, will go live on 16 June. It will enable users to authorise recurring payments with a single consent, the…

Thread AI, a New York-based company focused on composable AI infrastructure, has raised US$20 million in Series A funding. The round was led by Greycroft, with participation from Index Ventures, Scale Venture Partners, Plug-and-Play, Meritech Capital, and Homebrew. Thread AI was founded by former Palantir executives Angela McNeal and Mayada Gonimah. The company’s platform, Lemma, is designed to help enterprises build and manage AI-powered workflows that are adaptable to their existing systems. Many organisations face challenges when attempting to integrate AI into complex environments. Often, they are limited to using rigid, off-the-shelf tools that do not align with their workflows,…

Apiture, a North Carolina-based provider of digital banking solutions, has introduced Fintech Connector, a new tool designed to allow fintech partners to integrate with the Apiture Digital Banking Platform without requiring custom development work. In the current banking environment, financial institutions are increasingly seeking to adopt fintech innovations to address changing customer expectations. Fintech Connector allows fintech companies to connect directly with Apiture’s Consumer Banking and Business Banking platforms. This enables Apiture clients to select and implement services that meet the needs of their customers and align with their strategic goals. The tool also supports financial institutions in integrating features…

KeyBank, a financial services institution in the US, is enhancing its approach to client support through the use of Personetics’ Cognitive Banking platform. The technology is aimed at helping customers build stronger financial habits and make informed decisions about their money. The bank’s 2025 Financial Mobility Survey reported rising stress levels among Americans who are trying to manage economic pressures while working towards financial goals. Over half (51%) of Generation Z respondents said they are taking active steps to improve their financial future. Similarly, Personetics’ Global Consumer Banking Survey, published in February, found that 70% of consumers would like their…

PayPal has introduced a physical PayPal Credit card, issued by Synchrony, that allows customers to use PayPal Credit for in-store purchases and anywhere Mastercard is accepted. This move extends the credit offering beyond its original use for online transactions through the PayPal platform. The card includes a limited time promotional financing offer, enabling cardholders to pay for eligible travel purchases, such as flights, hotels, cruises, and ride shares, over a six month period, with no minimum spend required. The aim is to provide more flexibility in managing travel costs. PayPal Credit has been a popular option for online payments. With…

JP Morgan is reportedly preparing to allow its wealthier clients to use shares in cryptocurrency exchange-traded funds (ETFs), such as BlackRock’s iShares Bitcoin Trust, as collateral for loans. According to unnamed sources cited by Bloomberg, the bank will also begin factoring in crypto holdings when evaluating a client’s net worth and liquid assets. This would place cryptocurrencies on a similar footing to real estate and vehicles when assessing a borrower’s capacity to repay loans. The move reflects an ongoing shift in the bank’s stance on digital assets. JP Morgan’s relationship with Bitcoin has historically been mixed. Chief Executive Jamie Dimon…