NotFinancialAdvice

Six years after the Group of 20 (G20) introduced an ambitious roadmap to address long-standing inefficiencies in cross-border payments, global regulators say progress has been made—but many of the most persistent problems remain unsolved. In a recent keynote address

The UK's £100 cap on contactless payments is being lifted, but banks may maintain existing limits due to fraud concerns. As contactless payments dominate, mobile wallets remain exempt from limits, offering more secure transactions.

Real-time payments have yet to become a true retail mainstay in the U.S., but trillions of dollars moved across the FedNow and RTP networks last year. Both networks recently increased their transaction limits to $10 million, dramatically expanding enterprise use

The original Bilt card, sponsored by Wells Fargo, was a good effort, but the revenue dynamics didn’t work. It is not the first failed co-brand to step outside the realm

A record 111 million U.S. consumers were carrying a balance on their credit cards at the end of last year—two million more than at the end of 2024. Together, these cardholders now owe more than $1 trillion to banks.
Based on average outstanding balances, a

ACH is a critical part of the U.S. payment infrastructure, driving a significant portion of transaction volumes and supporting important use cases such as supplier payments, payroll, and many others. Despite competition from newer rails that serve similar

Sending money across borders has traditionally meant navigating delays, fees, and uncertainty. Digital assets are rewriting that experience. They reduce reliance on currency conversions, provide greater visibility into transactions, and drastically lower fees and se

The best time to start investing for retirement is now, but conveying this message to younger adults can be challenging. Many Gen Z and millennial individuals face pressing financial concerns today, making it difficult to prioritize saving for a distant future

For many small business owners, the workday doesn’t end when customers leave. It continues late into the evening—logging into multiple dashboards, exporting spreadsheets, reconciling transactions, and trying to make sense of scattered financial data.
In the

The European Union has made overtures to Turkey about joining the Single Euro Payments Area (SEPA), though Ankara has yet to respond.
An EU envoy suggested that participation in the payments system could deepen Turkey’s integration with the European economy and

Amid a flood of stablecoin launches, many of the world’s leading financial services firms continue to champion tokenization.
Robinhood’s CEO highlighted the technology’s industry-transforming

India’s Unified Payments Interface (UPI) has grown into the dominant force in global instant payments, accounting for more than four out of every five real-time transactions worldwide. The system’s rapid rise has been fueled by strong government support,

Stablecoins vary in backing and purpose, often serving as investment tools rather than payment methods. Non-USD stablecoins are gaining traction, particularly in the euro market, but face challenges against USD dominance and competition from central bank digital currencies.

Customers increasingly view the mobile app as their primary point of contact with their bank, yet satisfaction with digital service remains low—particularly when it comes to the now-ubiquitous chatbot. Too often, these bots fail to answer specific questions and

Amex and I go back to 1998, when I was growing up in the world of bank cards, learning the wonders of carrying revolving debt. But I aspired to have an American Express card, specifically, their “green card.” The business model was different than the Mastercard and

Many credit unions are grappling with the differences between cryptocurrency, stablecoins and tokenized deposits—and whether these innovations fit into their business model. It’s important to take a step back and allow strategic evaluation, rather than urgency, to d

One of the biggest financial stories of the past year was the tariff war initiated by the United States. Despite shocks to global supply chains and economies, many nations weathered the storm surprisingly well.
A new report, _One Year On: Tariff

Real-time payments have reshaped entire economies in markets like Brazil and India, but they are not just a domestic rail for faster account-to-account transfers.
India’s UPI, for example, has expanded beyond its borders through integrations with systems in other r

The approval of bitcoin ETFs sent the price of bitcoin soaring to new heights last year, marking one of many milestones for the burgeoning digital assets industry.
While bitcoin has since pulled back, the financial services sector’s interest in digital assets has n

BetMGM is eliminating credit card payments following a fraud settlement with Pennsylvania, where the company was fined for inadequate identity verification leading to account fraud. Other platforms like FanDuel and DraftKings have also stopped accepting credit cards due to similar issues. States are enacting bans on credit card funding for online sports betting, with Maine recently approving legislation for technical enforcement.