Samsung is introducing yet another digital finance product. In the UK later this year, the company will launch the Samsung Pay Card, which it calls “a true digital wallet experience.” You’ll be able to link all of your bank and loyalty cards in one place, giving you a single overview of your whole financial situation, and you’ll also be able to use it for payment, too. The feature will be powered by European fintech Curve, which has been pioneering this idea for a number of years.

The Pay Card is the latest in a string of personal finance initiatives from Samsung, so you’d be forgiven for mixing it up with, say, Samsung Money, a debit card planned for the US that’s designed to take on the likes of Apple Card. There’s also Samsung Pay Cash, designed to help users stick to a budget, which also falls under the overall Samsung Pay umbrella. Despite all sounding remarkably similar each product has its own USP, so the company would probably do well to better differentiate between its offerings, or risk confusion among its users.

According to Zuckerberg, Facebook is “committed to taking the time to get this right.” But he also points out that China could reveal a similar system in the coming months. “If America doesn’t innovate, our financial leadership is not guaranteed,” Zuckerberg’s prepared statement reads.

Supposedly, Facebook isn’t just motivated by self-interest. “Over the long term, if it means more people transact on our platforms, that would be good for our business,” the statement says. “But even if it doesn’t, it could help people everywhere.” The company believes Libra could benefit the billion people around the world who don’t have access to a bank account, but could through a mobile phone. That includes 14 million people in the US.

Zuckerberg will also assure the committee that Facebook is not looking to create a sovereign currency. “Like existing online payment systems, it’s a way for people to transfer money.”

Just last week, the Libra Association — an independent non-profit established to govern the cryptocurrency — lost another member. It’s now down to 21, and big names like Visa, Mastercard, PayPal and eBay have all left. Facebook doesn’t seem deterred, but it’s not a great look for Libra. We’ll see what Congress has to say.

A few days after the Wall Street Journal suggested that some companies announced as initial backers for Facebook’s cyptocurrency were reconsidering support, PayPal has announced it will end its participation in the Libra Association. Founding members invest $10 million to fund the association, and as CNBC notes, it’s unclear what happens to that money if participants pull out of the agreement.

PayPal:

PayPal has made the decision to forgo further participation in the Libra Association at this time and to continue to focus on advancing our existing mission and business priorities as we strive to democratize access to financial services for underserved populations. We remain supportive of Libra’s aspirations and look forward to continued dialogue on ways to work together in the future. Facebook has been a longstanding and valued strategic partner to PayPal, and we will continue to partner with and support Facebook in various capacities.

There’s no word from other high-profile backers like Mastercard and Visa, while Facebook exec — and former president of PayPal — David Marcus previously tweeted that the “official 1st wave of Libra Association members will be formalized in the weeks to come.” We’ll see who remains a backer — the initial list of 28 names can be seen below — by then.

Mastercard, PayPal, PayU (Naspers’ fintech arm), Stripe, Visa, Booking Holdings, eBay, Facebook/Calibra, Farfetch, Lyft, Mercado Pago, Spotify AB, Uber Technologies, Inc., Iliad, Vodafone Group, Anchorage, Bison Trails, Coinbase, Inc., Xapo Holdings Limited, Andreessen Horowitz, Breakthrough Initiatives, Ribbit Capital, Thrive Capital, Union Square Ventures, Creative Destruction Lab, Kiva,Mercy Corps, Women’s World Banking.

The search giant confirmed to 9to5 Google that Visa is migrating to a new solution based on EMV SRC. Such a move would allow Visa customers to use a newly expanded Visa Token system, which secures sensitive user information (such as account numbers and credit card expiration dates) with a digital identifier. That way, customers would have an extra line of defense in the case of a data breach.

Visa will begin rolling out its new EMV SRC to customers in the next few months, but full migration won’t happen until next year. Until that time, Visa Checkout will proceed as normal — with the exception of its direct integration with Google Pay.