Payments Daily · Tuesday, October 20, 2026Daily
PAY.NEWS
JPMorgan Expands JPM Coin to Ethereum
JPMorgan will expand JPM Coin for institutional clients to Ethereum for blockchain payments, digital cash settlement, and tokenized asset collateral. The FCA will develop an agentic finance regulatory framework with the industry, and five U.S. exchanges plan to launch 23-hour daily trading.
Payments & Infrastructure
Fintech News Hong KongHKEX Adjusts Target for T+1 Settlement in Hong Kong Securities Market to the Second Half of 2028
HKEX plans to shorten the settlement cycle for the Hong Kong securities market from T+2 to T+1 in the second half of 2028, subject to market readiness and regulatory approval. HKEX will support the transition through a three-tier framework comprising extended instruction windows, increased real-time updates and matching, and the launch of the Settlement Profile Repository and Status Dashboard. Southbound Stock Connect trades that follow Hong Kong’s settlement arrangements will also shift to T+1.
Digital Transactions NewsFiserv Makes Commerce Hub Available Globally
Fiserv is making Commerce Hub available globally, enabling enterprise merchants to manage payments through a single connection with Fiserv and access account onboarding, APIs, reporting, and operational controls through a single integration.
Banking & Accounts
RBI Removes Limits on Non-Option Derivatives Contracts for Commercial Banks; Revised Guidelines Effective Immediately
The Reserve Bank of India issued the Commercial Banks (Miscellaneous) Second Amendment Directions, 2026, removing Section C, “Limits on Non-Option Derivatives Contracts,” of Chapter IV and Paragraph 37 of the Commercial Banks (Miscellaneous) Directions, 2025. The amended directions take effect immediately upon publication.
Stablecoins & On-chain
PYMNTSJPMorganChase Expands JPM Coin Deposit Token to Ethereum Network
JPMorganChase is expanding its JPM Coin deposit token to the Ethereum network for the bank’s institutional clients. The token can be used for blockchain payments by clients in the crypto industry and by financial institutions for digital cash settlement or as collateral for tokenized assets. Kinexys said its blockchain infrastructure has processed more than $3 trillion since launch, with average daily transaction volume exceeding $5 billion.
Regulation & Compliance
Tether CEO Ardoino Rejects Senate Report’s Questions About Timing of Iran Sanctions Compliance
Tether CEO Paolo Ardoino denied allegations by a U.S. Senate Democratic investigation concerning the company’s Iran compliance, saying Tether freezes relevant addresses an average of 4 weeks before OFAC and Israeli counterterrorist financing authorities formally announce sanctions.
FCA to Develop Agentic Finance Regulatory Framework with Industry
The FCA said it will develop an agentic finance framework with the financial industry, other regulators, and frontier laboratories, covering agent identity, delegated authority, responsibility, and execution. The FCA released good and poor practices for AI, requiring firms to put consumers first, establish clear accountability and human oversight, and prepare for system failures, supplier dependency, and material failures or near misses. The FCA is also using AI to regulate markets, including developing tools for the 60,000 AML firms expected to come within its regulatory scope in 2028 and using agentic tools to oversee approximately 9,000 smaller wholesale-market transaction-reporting firms.
CPMI and IOSCO Issue Supplemental Guidance on Business Risk and Business Loss Management for Financial Market Infrastructures
On October 14, 2026, CPMI and IOSCO published the final report on business risk and business loss management for financial market infrastructures as supplemental guidance to the Principles for Financial Market Infrastructures (PFMI). The Bank of Japan forwarded the report and the original publication information; the content concerns risk management for financial market infrastructures.
Payments & Agent Economy
PYMNTSJPMorganChase, Citigroup, Bank of America, and Charles Schwab Reject External AI Agents’ Transfer of Customer Funds
JPMorganChase, Citigroup, Bank of America, and Charles Schwab do not allow external AI agents to log into accounts and transfer customer funds, but retain read-only balance access through authorized connectors.
Companies & Markets
PYMNTSFive U.S. Securities Exchanges Plan to Launch 23-Hour Daily Trading on December 6
The U.S. Securities and Exchange Commission conditionally approved extended trading hours for five exchanges—24X, Cboe EDGX, MEMX, Nasdaq, and NYSE Arca—which plan to launch a 23-hour-per-day, five-day-per-week trading schedule on December 6. The related systems of the SIP, National Securities Clearing Corporation, and FINRA will also extend their operating hours, and broker-dealers will need to adjust customer disclosures, trading controls, corporate-action halts, staffing arrangements, and cross-system testing accordingly.
German Altersvorsorgedepot Fees Fall to Near Zero as Brokers Compete for €240 Billion Retirement Market
German brokers are reducing account or fund fees for the new staatlich subventioniertes Altersvorsorgedepot (AVD) to zero or near zero. The first contracts may begin on January 1, and the product will replace Riester.