Australia's banks are pushing harder than ever against Apple.
The banks have submitted a formal statement to the Australian Competition and Consumer Commission
Apple faces a lot of pressure to win this battle in Australia, since other large markets such the
A2A, or pay by bank payments, are an alternative to card networks, a lower-cost option that is catching on with consumers and merchants.
The card network said inflation remains in check and any impacts of Capital One moving cards to the Discover network will be muted and delayed until 2026.
Block, which maintains its original Square brand for its business-focused products, is offering easier access to cash advances for small businesses. Also, Amex and Mastercard expand their virtual card strategy; and more in the American Banker global payments and fintech roundup.
The White House working group on digital assets said in a report that regulators should "promote transparency regarding the process for institutions to obtain bank charters or Reserve Bank master accounts."
Federal Reserve Chair Jerome Powell said during his regular press conference Wednesday that the process of determining tariff-related price increases was always going to be slow, but it has taken longer than he expected.
A report Wednesday detailed Scattered Spider's advanced social engineering tactics and the escalating threat the group poses to financial institutions.
