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Finextra reports that Canada launched its real-time payments system on November 9 after years of delays. The launch establishes a new payment rail, but does not by itself establish availability across every bank or business account. Participant activation and customer-facing services will determine which businesses can use it; transaction volumes and fraud outcomes will provide evidence of adoption beyond the launch announcement.
Attackers created disposable memecoins to disguise movements of stolen Binance funds, according to Elliptic research reported by PYMNTS. Elliptic says the transactions remain traceable, making updated wallet attribution relevant to exchanges, custodians and stablecoin payment providers screening incoming transfers. Binance separately reported freezing or intercepting funds; that does not establish that customers received reimbursement. The reported dollar estimates lack a reconciled valuation basis and should not be combined into a recovery total.
Source: PYMNTSBanking Dive reports that Coinbase National Trust Co. received unconditional OCC approval on November 6, following conditional approval in April. The federal framework covers digital-asset custody, settlement and stablecoin reserve management, while Coinbase says its initial offering will focus on custody. The approval concerns trust activities, not a general-purpose insured retail deposit bank. Institutional customers must distinguish the initial custody service from settlement and reserve-management capabilities that still require evidence of operational rollout.
Source: Banking DiveNexi agreed to sell Ratepay to Affirm, with closing expected in the first half of 2027, subject to regulatory approvals. Alongside the proposed acquisition, the companies signed a memorandum to expand their partnership in Germany, Austria and Switzerland. Nexi will provide transitional operational and technology support. For Ratepay merchants, the ownership change makes invoice-payment continuity, migration terms and funding arrangements concrete implementation questions; the announcement does not demonstrate improved conversion or underwriting.
Source: PYMNTSEligible domestic transactions in the United States and Canada can carry additional context to issuers through Global Payments’ integration of Visa’s Intelligent Data Exchange API into Adaptive Authentication. Global Payments’ cited 4%–6% approval-rate gains relate to existing Data Only authentication and AI optimization implementations, not the new integration. Controlled comparisons of approval rates, fraud losses, challenge rates and fees would separate the API’s incremental contribution from existing authentication tools.
Source: PYMNTS“U.S. postal money orders began in 1864, more than a century before today’s U.S. Postal Service was established in 1971. They offered a safer alternative to mailing cash, allowing senders to purchase an order payable to a named recipient. Source: USPS, “Money Orders” postal history — https://about.usps.com/who/profile/history/postal-history/money-orders.pdf
Filed under: Payments History · The Long Memory
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