payments network

Quant

2026-09-28 00:35:00

Quant jumps as The Clearing House taps its technology for on-chain money project

Quant (QNT) posted a sharp rally, rising 342.1% over the past seven days and 97.6% in the last 24 hours to trade at $298.75, according to market data cited by PANews on Sept. 28. The move came after a Sept. 24 announcement that The Clearing House, a U.S. clearing house operator, will use Quant’s technology to support its “regulated liability network” style on-chain money initiative, referred to in the report as the “on-chain money program.” According to the announcement, the project is designed as a new interoperable payments network that would allow financial institutions of different sizes to clear and settle tokenized deposit transactions. Quant’s technology will provide the network’s interoperability, orchestration, and transaction management layer, coordinating how those tokenized deposit transactions are processed. The system is also intended to connect with the fiat payment rails already used by banks and their clients, including the RTP and CHIPS networks. The report added that The Clearing House operates U.S. payment networks and processes more than $2 trillion in clearing and settlement volume every day through wire transfers, ACH, check image, and real-time payments.

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Mastercard

2026-09-18 09:44:41

Mastercard at 60: How a Bank Alliance Became a Global Payments Network

Mastercard did not begin as a single bank’s card product. It started in 1966 as the Interbank Card Association, a structure built by multiple banks that chose to create a shared network rather than join BankAmericard alone. Over the next six decades, that network expanded through overseas partnerships, a unified Mastercard brand, debit and ATM products, and later a shift from a member-owned association to a listed company on the New York Stock Exchange under ticker MA. The company also moved beyond card payments through acquisitions in account-to-account infrastructure, financial data connectivity, and cybersecurity. The article traces how Mastercard’s history has been shaped by both competition and overlap with Visa. The two networks shared member banks for years, helped develop common technical standards such as EMV, and at the same time faced legal disputes over exclusivity rules. It also shows that Mastercard’s global reach has always depended on local conditions. In China, its joint venture with NetsUnion, Wan Shi Wang Lian, received a bank card clearing license in 2023 and began domestic operations in May 2024. In the Netherlands, banks have been replacing Maestro debit cards with Debit Mastercard, extending existing relationships. Across markets, the same question keeps returning: why would local banks, merchants, and partners choose this network?

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RQD* Clearing

2026-08-29 08:09:49

Eight crypto firms disclosed $184.1 million in funding last week, led by RQD* Clearing and Fasset

Eight crypto companies disclosed a combined $184.1 million in funding last week, according to Techub News, which cited crypto.news. The largest disclosed rounds in the roundup went to RQD* Clearing and Fasset. RQD* Clearing secured a $74 million growth investment, while Fasset closed a $68 million Series C round at a $1 billion valuation. The two deals accounted for most of the total reported funding for the week. The companies also outlined how they plan to use the new capital. RQD* Clearing said it will direct the funding toward infrastructure for digital assets and tokenized securities. Fasset plans to expand its payments network and build AI financial tools. The funding activity highlighted continued investor interest in crypto infrastructure, stablecoin banking and on-chain trading, as described in the report.

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