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Archive · July 17, 2025

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Story 01

Cash App Rolls Out Contactless Payments for iPhone Business Users

Cash App has launched a new feature enabling business sellers to accept contactless payments directly through iPhones, leveraging the iOS app. This move simplifies transactions and boosts convenience, positioning Cash App as a leader in mobile payment innovations. It's a game-changer for small businesses seeking efficient, tech-forward payment solutions.

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Also Worth Knowing
№02

Visa and ICBA Bolster Real-Time Payment Capabilities for Community Banks

Visa and ICBA Payments have revitalized their partnership, enhancing access to Visa Direct for community banks. This initiative promises to deliver faster, more flexible payment solutions, significantly enhancing service delivery to customers. It's a strategic move that could reshape the payment landscape for community banks.

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№03

Barclays Hit with £42 Million Fine Over Anti-Money Laundering Lapses

The UK's Financial Conduct Authority has fined Barclays £42 million due to failures in their anti-money laundering protocols. This substantial penalty highlights the critical importance of robust compliance systems within banks and serves as a stark reminder of the regulatory emphasis on anti-money laundering measures.

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№04

US Bank Achieves Milestone with First Fully Digital Trade Finance Transaction

US Bank has completed its inaugural fully digital trade finance transaction using the WaveBL platform. This breakthrough in digitalizing a traditionally paper-intensive sector could revolutionize global trade transactions, offering enhanced efficiency and reduced processing times.

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№05

UK Government's New Initiative to Cement Its Status as a Global Fintech Leader

The UK government has unveiled a strategy to support fintech firms in starting, scaling, and listing within the country. This initiative aims to establish the UK as the world's fintech capital, highlighting its commitment to nurturing financial technology innovation and growth.

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The Long Memory
“Did you know that the first mobile payment methods date back to 1997, where Coca-Cola introduced vending machines that accepted payments via SMS?

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