Industry Regulation

CLARITY Act Faces Tuesday Senate Vote: Senate Republicans Release ‘Final’ Draft

Trading View

"Senate Republicans have reportedly put forward a revised 635-page version of the Digital Asset Market Clarity Act, commonly known as the CLARITY Act, late Sunday, calling it their "last, best, and final" offer to Democrats. This comes ahead of the procedural vote this week that could determine the fate of the crypto market structure bill in Congress. The new draft includes 126 substantial changes. The Senate votes at 2:15 pm ET Tuesday on cloture for the motion to proceed, which requires 60 votes."

Tags: CLARITY Act

Industry

Nearly 1,000 Merchants Tell Judge Proposed Settlement of Visa/Mastercard Lawsuit is ‘Riddled With Loopholes’

Merchants Payments Coalition

"The Merchant Payments Coalition said nearly 1,000 businesses and trade associations have called on a federal judge to reject the proposed settlement of merchants’ lawsuit over Visa and Mastercard credit card swipe fees.“We object to this proposed settlement because it would grant Visa, Mastercard and giant card-issuing banks sweeping liability immunity for their anticompetitive system of card fees and rules while providing merchants with temporary and meager relief that is riddled with loopholes that will make the relief largely ineffective."

Companies Industry

Visa Research: The Rise of the “Couch Economy” Is Reshaping Consumer Spending

Visa

"New Visa Business and Economic Insights research finds consumers are increasingly shopping, streaming, dining and managing daily life from home, creating new opportunities for businesses that can deliver convenience and ongoing digital engagement. Digital commerce expanded across all six markets studied between 2019 and 2026. In three illustrative markets, the share of domestic payment volume occurring online and in-app rose from 48% to 58% in the U.S., 10% to 24% in Poland and 35% to 55% in the UAE."

Tags: Visa

Industry

What’s an ATM’s Total Cost of Ownership?

ATM Marketplace

"There's a lot more costs to consider than just the ATM itself. One also has to consider the cash itself, peripherals, repairs, maintenance and cash management. This can drive up the total cost of ownership of an ATM significantly. But there are new tools emerging that will bring that cost down. The future of ATM management is moving beyond reactive maintenance towards intelligent supply chain management."

Industry

US ATMs Celebrate 57th Birthday

ATM Marketplace

"The first ATM was installed in the U.S. 57 years ago on Sept. 2, 1969 in the town of Rockville Center of Long Island, New York. It was deployed for Chemical Bank by the company Docutel. This was not the first ATM to be deployed, as that honor is held by a Barclays Bank location in 1967 in London. This initial ATM relied on carbon-14 impregnated vouchers that customers had to purchase from a teller. The ATM in 1969 used a magstripe card, but only allowed customers of Chemical Bank to withdraw cash. Read about 48 little known ATM facts.

Industry

Open Banking Has Proved Data Sharing Can Work – Now It Has to Prove It Can Create Value

Open Banking Expo

"The UK’s Open Banking ecosystem recently passed two significant milestones : more than one billion payments and 100 billion API calls across the CMA9 banks. Those figures matter. Open Banking is no longer an experiment operating at the edges of financial services. The infrastructure works at scale, adoption is growing and the market is moving from proof of concept towards everyday use. In June 2026 alone, 99.5% of reported API calls were successful."

Industry

NYC’s Click-to-Cancel Rule Takes Effect Oct. 1, Making It Easier to End Subscriptions

Scripps News

"New York City will become the first municipality in the country with its own click-to-cancel rule when new consumer protections take effect Oct. 1.  The rule requires companies to offer a straightforward cancellation process in the same method customers used to sign up, so if a customer subscribes for a service online, it must be just as easy to cancel the subscription online.  Streaming services, gym memberships and service contracts have long made signing up quick and simple, while canceling can require navigating confusing or time-consuming steps."

Companies Domains Industry

Anthropic Launches AI Agent Blueprints For Retailers Ahead of Holiday Shopping Season

The Economic Times

"Artificial intelligence company Anthropic is giving retailers blueprints to build shopping and merchant agents on Claude, it announced on Wednesday, as demand for internal and external conversational search tools expands ahead of the holiday shopping season. The blueprints are guidelines for building shopper and merchant agents for retail, travel and ticketing companies."

Tags: Anthropic Remote Commerce

Industry Systems

Bank of America, Citi Join 21-Firm Stablecoin Plan

Crypto News

"Bank of America, Citi, Goldman Sachs and 18 other financial institutions committed on Sept. 1 to establish a stablecoin company during the second half of 2026, subject to closing conditions. The unnamed venture plans to issue a U.S. dollar-denominated stablecoin during the first half of 2027. The group said it may later introduce tokens linked to other G7 currencies, with a euro stablecoin named as its first expansion priority."

Tags: Stablecoin

Companies Industry

X Shifts Us Creator Payouts from Stripe to X Money

TechCrunch

"Elon Musk’s social network X said that starting today, all of its U.S. creator payouts will be handled through X Money, the app’s payments service. The benefit of this new payment system is that the payments are instant. There’s no waiting until the end of a billing cycle or a minimum threshold that has to be reached before the creator can access their money. Previously, payments were processed every two weeks, with a minimum payout of $30, X’s documentation states."

Tags: X (Twitter)

Industry

EMVCo Requests Feedback on Framework for Secure, Interoperable and Scalable Card-Based Agentic Payments

Business Wire

"EMVCo – the technical body that creates and manages EMV® Specifications and programmes – has released a draft framework to help promote secure, interoperable and scalable card-based agentic payments. The framework provides a foundation for further industry engagement and potential specification development, with all interested stakeholders encouraged to provide their feedback on EMV® Agentic Payments – Framework for Specifications by Wednesday 30 September."

Industry

Visa, Mastercard, and Fiserv Just Joined a Group Writing the Rules for AI Agent Payments

Yahoo

"Visa, Mastercard, and Fiserv recently joined the Agentic Payments Alliance (APA), a coalition assembled by the stablecoin infrastructure company Rain to establish rules for agentic AI commerce. The APA consists of 26 companies. In addition to Visa, Mastercard, and Fiserv, its other founding members include Circle, the Solana Foundation, and Remitly. The APA's core goal is to establish shared industry standards for how autonomous AI agents manage their digital identities, process user loyalty programs, and detect fraud."

Industry

Passkeys Face a New Test in Agentic Commerce

Frontier Enterprise

"When an AI agent makes a purchase, authenticating the user is no longer enough. Merchants, banks, and payment networks must be able to determine what the agent was authorised to buy. This challenge dominated “Enabling Trusted, Simple Interactions in the Agent Era”, a panel at the FIDO Authenticate APAC conference in Singapore. The discussion brought together experts from Google, Mastercard, and PayPal to examine how digital identity verification must adapt to agentic transactions."

Industry

WhatsApp Chat Used to Launder Cash for Crime and Extremism

BBC

"A WhatsApp group chat was used to launder hundreds of millions of euros in cash around the world, funding organised crime and extremism with no paper trail, an investigation by European broadcasters has found. The 532-member group chat, called "Traders of Greater Europe", was used to arrange cash transfers across borders for their clients, including to UK cities such as Birmingham and London."

Industry

BankChain Alliance Gives 3,283 Community Banks Ownership Stake in Digital Payment Rail

"39 US state banking associations announced the BankChain Alliance, a nationwide bank-owned and governed blockchain network for tokenized deposits, bank-issued stablecoins, smart payment tools, and automated settlement. The alliance represents 3,283 banks holding $21.8 trillion in assets. The network, is designed to be owned, designed, and governed by member banks. Participating institutions will be able to acquire ownership stakes."

Industry

Charles Schwab to Add Solana, Avalanche and Chainlink to Crypto Offerings

Crypto News

"$13 trillion Charles Schwab said it plans to offer Solana ($SOL), Avalanche ($AVAX) and Chainlink ($LINK) trading for clients in the coming months. The move expands Schwab Crypto offerings beyond Bitcoin and Ethereum."

Industry

Education: ACH vs SWIFT: Which Rail Fits Your Business Payments

OneSafe

"ACH remains the dominant U.S. batch payment rail by scale. The Federal Reserve reported 20.109 billion commercial ACH transactions in 2024, worth $42.497 trillion, with an average transaction value of $2,113. Federal Reserve ACH statistics show why ACH remains central to payroll, recurring collections, and domestic vendor payments. SWIFT solves a different problem. It provides standardized financial messaging between institutions across borders, usually through correspondent banking relationships."

Industry

Why Payee Verification Is Becoming Critical Payments Infrastructure

Global Banking & Finance Review

"Name-checking controls are moving from optional fraud-prevention tools to a core layer of real-time payment infrastructure as faster transfers reduce the time available to detect and reverse mistakes or scams. The European Central Bank explains that payment service providers in the euro area must offer Verification of Payee for both standard and instant credit transfers, free of charge to the payer, with the obligation applying from 9 October 2025. The service is designed to warn customers of discrepancies before a transfer is initiated."

Industry

U.S. Faster Payments Council Report Evaluates Emerging Approaches to Cross-Border Payment Interoperability

EIN Presswire

"The U.S. Faster Payments Council (FPC) announced the publication of a report, Interoperability: Bridging the Cross-Border Gap in a Faster Payments World, developed by the FPC Cross-Border Payments Work Group, sponsored by Mastercard. The report examines the end-to-end cross-border payment journey through the lens of interoperability, exploring why advances in faster payments, ISO 20022 adoption, and emerging digital settlement models have yet to fully overcome complexity associated with moving money across borders."

Industry

Why Instant Payments Require Instant Security

Treasury and Risk

"Corporate money movement has undergone a seismic shift in the mid-2020s. The Clearing House's Real Time Payments (RTP) network and the Federal Reserve's FedNow system have become mainstream channels within the U.S. financial system. Treasurers reconsidering their payment options need to keep in mind that new and unknown risks come along with this newfound speed and efficiency. Instant-payment rails operate with a potentially dangerous combination of both immediacy and finality."

Industry

JPMorgan Stablecoin Launch Plan Signals Wall Street’s Crypto Pivot

The Cryptonomist

"JPMorgan Chase & Co. is reportedly exploring whether to launch its own stablecoin, according to a report from The Wall Street Journal. If confirmed, JPMorgan’s exploration of a stablecoin would mark one of the most notable moves yet by a global banking giant into the digital-currency space, and it lands at a moment when regulators and rival institutions are moving fast on the same front. So far, there’s no confirmed timeline, no detail on how the token would be backed, and no word on whether regulators have signed off on anything."

Industry

Stablecoins Were Supposed to Bypass the Card Schemes. Instead, the Schemes are Positioning Themselves as the Operating System

CFI

"Stablecoins emerged with a disruptive promise: move money instantly, globally and cheaply without relying on banks, card schemes and correspondent networks that dominate conventional payments. Visa’s new Stablecoin Platform, revealed in July, gives banks, fintechs and crypto businesses a Visa-managed environment in which they can mint, redeem, hold and transfer stablecoins. Mastercard is pursuing the same opportunity from a different angle. It is expanding on-chain settlement across its own network using regulated stablecoins."

Industry

Dallas Fed Warns Tokenized Deposits Could Strip $700 Billion from U.S. Banks’ Lending Capacity

CoinDesk

"Tokenized deposits could reduce U.S. banks’ capacity to hold long-term interest-rate risk by about $700 billion if they make depositors 10% more sensitive to rates. That’s according to estimates from two Dallas Fed economists. A separate scenario found that if tokenization causes deposits to leave banks 10% sooner, banks could lose about $580 billion of capacity to absorb the interest-rate risk of long-term loans and securities, the economists estimated."

Industry

Large US Banks Move to Shield Consumers’ Passwords from Looming Quantum Threats

Financial IT

"It is expected that quantum computers will be able to crack many consumers' banking passwords, as they perform exponentially faster than today’s computers. Quantum computers will be able perform tasks in hours that would take today’s most powerful computers thousands of years. Some experts believe quantum computers could be commercially available within the coming years, potentially enabling hackers to break into consumers’ bank accounts and cryptocurrency wallets."

Industry

New X9 Payment Fraud Forum Kicks Off September 10

Business Wire

"The Accredited Standards Committee X9 Inc. (X9), the organization accredited by ANSI to develop financial industry standards for the United States, announced the first meeting of a new industry forum focused on U.S. payment fraud, with the goal of identifying ways to reduce and mitigate fraud across payment types. The group is member driven and will meet every month virtually; individual project teams will set their own schedules. Participation is open to anyone in the financial services industry."

Industry

Who Can Power Visa’s $7B Stablecoin Machine After BVNK?

CoinGape

"Mastercard’s $1.8 billion acquisition of stablecoin infrastructure provider BVNK has done more than expand its digital-asset capabilities. It has also changed the competitive landscape for stablecoin payments. That is by putting pressure on Visa to secure new infrastructure partners. As per analysts, several companies could fit parts of that profile..."

Industry

Stablecoins Are Becoming Payment Infrastructure: How Visa, Banks, and Crypto Firms Are Rebuilding Global Payments

Big News Network

"Stablecoins have moved from trading tools into the operational backbone of global payments. In the first half of 2026, adjusted on-chain volumes reached $8.82 trillion, with June alone hitting a record $1.79 trillion, according to Visa's analytics. Market capitalization stabilized near $300-322 billion, dominated by USDT and USDC. Traditional networks and banks no longer treat these instruments as peripheral experiments. They are embedding them into settlement, treasury, and cross-border flows."

Companies Industry

6 Ways to Future-Proof for FedNow’s Latest Update

RedCompass Labs

"Three years in, and the Federal Reserve has announced a set of additions to its instant payments service: payee name verification for FedNow, an industry-wide fraud forum, and enhanced ISO 20022 messaging.   Around 1,800 financial institutions are now live, including seven of the 10 largest banks, reaching more than half of all US checking and savings accounts. Not a bad effort.  Here are five of those announcements – plus one thing the Fed didn’t say – and what US banks can do about them."

Tags: RedCompass Labs

Industry

Citi, HSBC, Standard Chartered Adopt Ant International’s Forex AI Tool

Euronext

"Ant International launched an upgraded version of its artificial intelligence model, signing up major global banks as financial institutions accelerate the adoption of specialised AI to manage liquidity risks. The Singapore-based fintech giant rolled out its Falcon Time-Series Transformer Model 2.0 and has partnered with six large banks according to Kelvin Li, the firm's general manager of platform tech. The launch comes amid an accelerating global race among financial institutions to embed AI into their core operations."

Industry

The Voice Fraud Threat to Banking

ABA Banking Journal

"Voice fraud in banking increased by roughly 30 percent in 2025, with AI-powered synthetic voices capable of fooling even experienced professionals. Synthetic voice attacks against financial institutions rose sharply in 2024, increasing by a factor of approximately 20 compared to the prior year, as data from the same period indicated that roughly one in 750 banking calls was flagged as potentially fraudulent."