The article examines President Trump’s mixed legacy on payments innovation, highlighting his support for digital payments through the Genius Act and his executive order to eliminate paper checks. However, his administration's moves against the Consumer Financial Protection Bureau and open banking raise concerns about increased state regulation and decreased competition in the fintech space.

Revolut has launched a Pay by Bank option that allows consumers to make payments directly from their bank accounts, bypassing card networks. This method enhances security, reduces costs, and has gained popularity in the UK, with 14 million users monthly. The feature is initially available in several European countries, with plans to expand further.