Payments System news and trends

Fed Vice Chair Michael S. Barr Calls for Stablecoin Regulation
Cryptocurrency // October 27, 2023

Michael S. Barr, vice chair for supervision at the Federal Reserve, addressed the increased experimentation with new payment technologies, such as stablecoins and central bank digital currencies (CBDCs), on Friday (Oct. 27). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Report: Revolut US Payments Flaw Leads to $20 Million Theft
Security & Fraud // July 09, 2023

A flaw in Revolut’s U.S. payment system reportedly let criminals steal more than $20 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Erdogan: 5 Turkish Banks Adopt Russia’s Mir Payment System
International // August 07, 2022

Five Turkish banks have adopted Russia’s Mir payments system, a Bloomberg report said Saturday (Aug. 6), quoting Turkish President Recep Tayyip Erdogan after his talk with President Vladimir Putin at the Russian resort of Sochi. Get the Full Story Complete the form to unlock this...

Brazil Upgrades Real-Time Payments Rails, Goes Live With PIX
Digital Payments // November 16, 2020

Real-time payments continue to gain traction around the world. Case in point: Brazil. The country’s banking system is giving an upgrade to its instant payments system. Called PIX, the new payment rails have been in the works for some time and launched last week. It...

Interviews & Exclusives
Brazil Upgrades Real-Time Payments Rails, Goes Live With PIX

November 16, 2020
Real-time payments continue to gain traction around the world. Case in point: Brazil. The country’s banking system is giving an upgrade to its instant payments system. Called PIX, the new payment rails have been in the works for some time and launched last week. It will be fully operational starting Monday (Nov. 16) and has […]

Quick Reads
DOGE Wins Court Battle but Remains Blocked From Payment System

March 07, 2025
The Department of Government Efficiency (DOGE) reportedly won a court battle Friday but is still blocked from accessing the Treasury payment system by an earlier ruling in another court. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe […]

Fed Vice Chair Michael S. Barr Calls for Stablecoin Regulation

October 27, 2023
Michael S. Barr, vice chair for supervision at the Federal Reserve, addressed the increased experimentation with new payment technologies, such as stablecoins and central bank digital currencies (CBDCs), on Friday (Oct....

Report: Revolut US Payments Flaw Leads to $20 Million Theft

July 09, 2023
A flaw in Revolut’s U.S. payment system reportedly let criminals steal more than $20 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Erdogan: 5 Turkish Banks Adopt Russia’s Mir Payment System

August 07, 2022
Five Turkish banks have adopted Russia’s Mir payments system, a Bloomberg report said Saturday (Aug. 6), quoting Turkish President Recep Tayyip Erdogan after his talk with President Vladimir Putin at...