The Green Sheet Online Edition
April 13, 2026 • 26:04:01
News Briefs
Visa unveils single API designed to modernize authorization <- click to read full story
Visa launched Intelligent Authorization, a capability within its acceptance platform designed to help acquirers and processors modernize payment operations through a single API connection, reducing the need for costly and time-consuming infrastructure upgrades.
The solution supports transactions across major card networks and delivers 99.999 percent uptime along with a 96.3 percent global approval rate, which are key benchmarks for performance, Visa noted.
Using machine learning, it analyzes transaction data in real time to optimize routing decisions, improve authorization rates and reduce false declines. It also provides instant risk alerts and a centralized analytics portal to streamline oversight, settlement and compliance.
Visa positions the offering as a scalable, always-on foundation to help acquirers enhance efficiency, support innovation and better manage increasingly data-rich payment environments.
Citi joins Early Warning’s Paze wallet as banks push deeper into online checkout <- click to read full story
Early Warning Services said Citi will offer its Paze digital wallet to eligible cardholders, expanding the bank-backed online checkout solution to millions more consumers. Paze allows users to complete purchases without manually entering card details, instead selecting stored cards within the wallet, with tokenization ensuring merchants never see actual card numbers. Customers can activate the wallet through Citi’s website, mobile app or the Paze portal and use it at participating retailers.
Citi joins a growing group of financial institutions adopting Paze, reflecting efforts by banks to compete more directly with technology companies in digital wallets. The platform is designed to reduce checkout friction, improve conversion rates and lower cart abandonment, while building on Early Warning’s broader payments ecosystem.
PayPal takes Venmo Global <- click to read full story
PayPal is expanding Venmo globally by integrating it with PayPal’s network, enabling users to send money across 90 countries. The move responds to growing demand for seamless cross-border payments, with 59 percent of Venmo users saying they would prefer a single app for global transfers. The integration allows users to send money using a phone number, with automatic currency conversion and no need to switch platforms.
Survey data highlights ongoing friction, with many users downloading multiple apps or forgetting payments altogether. The combined Venmo and PayPal ecosystem creates one of the largest P2P networks, supporting faster, more convenient transactions across borders, generations and social circles, PayPal stated, adding that the integration maintains Venmo’s familiar user experience while extending its global reach.
INTERPOL warns AI-driven fraud running rampant <- click to read full story
Global financial fraud losses reached an estimated $442 billion in 2025, underscoring a rapidly expanding threat now ranked alongside drug trafficking and money laundering, according to recent INTERPOL research.
Fraud has evolved into a central component of organized crime, often intersecting with human trafficking and other illicit activities, with proceeds reinvested across criminal networks, INTERPOL found. Its report highlights AI as a key accelerant, enabling deepfakes, automated fraud campaigns and broader participation by less sophisticated actors.
Organized scam centers are also spreading beyond Southeast Asia. While international law enforcement efforts are increasing, recovery rates remain low. INTERPOL is urging financial institutions to adopt real-time monitoring, stronger identity verification and coordinated global responses to combat increasingly sophisticated and technology-driven fraud networks.
Australia axes card surcharges in payments overhaul <- click to read full story
The Reserve Bank of Australia enacted sweeping payments reforms that will ban card surcharges beginning Oct. 1, 2026, while lowering interchange fees to 0.30 percent and increasing transparency across the payments chain.
The RBA said surcharging, originally introduced to encourage lower-cost payment methods, is no longer effective as card usage dominates and flat-rate surcharges persist. The changes are expected to simplify pricing, boost competition and reduce costs, with consumers and merchants each projected to save about AUD 1.2 billion annually.
Additional reforms targeting mobile wallets, buy now, pay later services, and global providers are under review. Concerned about uneven regulation, Australian banks are urging broader oversight of international players to ensure a fair and competitive payments landscape. 
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