Payments
News on payments infrastructure: embedded payments, orchestration, PayFac and payouts.
BMO, Mastercard launch embedded commercial payments in ERP
BMO's corporate virtual cards now work inside ERP and AP software through Mastercard's Commercial Express.
FedNow discount program pays statement credits from January 2027
FedNow will pay statement-credit discounts to receive- and send-enabled institutions from January 1, 2027.
Mastercard completes its BVNK acquisition
Mastercard closed its BVNK acquisition on August 3, 2026, a deal announced at up to $1.8 billion.
OCC denies Wise's national trust bank charter
The OCC denied Wise's trust bank charter over its AML/CFT program; Wise says it will file again.
Items cover instant payment rails, network deals and licensing decisions that affect how platforms move money, such as the bmo mastercard embedded commercial payments launch inside ERP and AP software, each linked to the primary record. Background sits in the payments guides: embedded payments, payment orchestration, payfac vs payfac as a service and marketplace payouts. Providers are compared in embedded payments companies and payment orchestration platforms.
Questions
What does payments infrastructure news cover? Rails such as FedNow and RTP, card network deals, payment licences and the providers that platforms build on.
Does it cover consumer payment apps? No, only the infrastructure that platforms, fintechs and banks buy.