Industry

Root Emerges as the Backbone of Real-Time Business Payments, Powering Programmable Treasury Operations Across Enterprise

Root

"Root, the programmable treasury operations platform trusted by global banks and clients in more than 180 countries, has stepped into the spotlight to reveal the scale at which its platform is powering instant receivables, payables and money transmission. Root's mission is to modernize money movement in the U.S., eliminating intermediaries to move money from one bank account to another in as little as five seconds."

Industry

Infinite and Sardine Launch Two-Way Integration Linking Compliance, Risk, and Payments

PR Newswire

"Infinite, the AI-native compliance and payments platform built for the stablecoin economy, and Sardine, the fraud, risk, and payments platform, today announced a two-way integration that combines Sardine's real-time fraud and risk intelligence with Infinite's AI-powered compliance platform and account infrastructure."

Industry

Coinbase, Visa, Stripe and More Back New Open USD Stablecoin in Challenge to Circle and Tether

Unchained

"More than 140 companies, including Coinbase, Visa, Mastercard, Stripe, BlackRock, and BNY, have lined up behind a new dollar stablecoin called Open USD, in one of the broadest corporate alliances yet assembled around digital money. Open Standard, the independent company building the token, announced the project  The release states that the stablecoin is set to go live later this year."

Industry

How Instant Payments Are Amplifying Financial Fraud

Security Boulevard

"Instant payments have transformed how money moves. With just a few taps, funds shift between accounts in seconds, across networks and borders, with almost no friction. Fraud rings, mule networks, and repeat offenders operate from real places. A device farm is a physical location. An APP scam runs in real time, often with the victim on a call, meaning the session occurs under conditions that look nothing like their normal behavior. What all of these events have in common is they have a physical context."

Industry

140 Firms Including Coinbase and Ripple Launch the New Open USD Stablecoin

Bitcoin News

"Visa, Coinbase, Stripe, Mastercard and more than 140 other companies are launching a new stablecoin called Open USD, built to move money across borders without the fees that come with most existing tokens. Open Standard built Open USD around three rules. Businesses can mint and redeem the coin at no cost and without volume caps..."

Industry

JPMorgan Backs Crypto CLARITY Act, But Says Stronger Rules Are Still Needed

Trading View

"JPMorgan has backed the U.S. CLARITY Act, saying clear crypto regulations are necessary for the industry to grow. The banking giant also warned that rushing legislation without proper safeguards could create new risks for both investors. In addition, this could harm the financial system. They cautioned that regulatory clarity only works if it comes with strong protections. Digital assets that function like securities should follow the same disclosure, custody, and investor protection rules."

Industry

Mastercard Tests Machine-to-Machine Payments on Ripple Rails

DailyCoin

"Mastercard is quietly piloting a future where software agents pay each other in real time — and Ripple’s tech may sit at the center of it. In a recent YouTube episode, Dr. Kamilah Stevenson breaks down Mastercard’s new “Agent Pay for Machines” program and links it directly to the XRP Ledger and Ripple’s planned RLUSD stablecoin designed for AI and software agents to authorize and settle payments with no human in the loop. More than 30 partners are said to be involved, including Stripe, Coinbase, OKX and Ripple."

Industry

Defining an EMV® Digital Payment Credential

EMVCo

"Digital Payment Credentials (DPCs) are a form of verifiable digital credential (VDC). VDCs are digital representations of the physical credentials used in everyday life, such as an identity card, driver’s license, diploma, or proof of age. Commonly held and secured in a digital wallet on a smartphone, these credentials can be presented in-person or online and verified cryptographically, promoting stronger security, privacy and convenience for consumers."

Industry

CBI Extends Request to Pay Service to Corporate Market

Asset Servicing Times

"CBI has expanded its request to pay offering to the corporate market through its network of participating payment service providers (PSPs), further strengthening its collaboration with EBA CLEARING and Nexi Group.The solution introduces a digital collections model that enables businesses to send structured payment requests directly through their enterprise systems. PSPs will be able to offer corporate clients the ability to issue digital payment requests to customers across Italy and the wider Single Euro Payments Area (SEPA)."

Industry

Education: Tokenization: What It Is and How to Think About It

Bank of Canada

"Tokenization has received a lot of attention in recent years as a technology that could revolutionize financial markets and payments. It promises fast settlement, low risk for counterparties and minimal barriers to competition. Yet tokenization is often misunderstood. It is intrinsically complex, and there is no universally recognized framework for assessing the benefits, risks and policy implications of various system designs. In this article, we present just such a framework—one that is clear, simple and structured."

Industry

House, Senate Strike Deal on Housing Bill With CBDC Ban Through 2030

Yahoo Finance

"The leaders of the Senate Banking and House Financial Services committees released updated text for sweeping housing legislation that also carries a temporary ban on a U.S. central bank digital currency. The anti-CBDC provision was added at the urging of House Republicans, and the Trump White House has backed it, with Treasury Secretary Scott Bessent recently reiterating that a digital dollar is off the table.

Industry

Coinbase and AWS Integrate x402 to Enable Payments From AI Agents

INCRYPTED

"Coinbase, together with Amazon Web Services, launched an integration of the x402 protocol that enables web publishers and API providers to accept payments from AI agents. The solution runs via AWS CloudFront and AWS Web Application Firewall and, according to the companies, could reach roughly a quarter of the internet. The first supported currency is the USDC stablecoin on the Base network. In addition to a pay-per-request model, x402 supports: bundled micropayments, subscriptions, usage-based billing."

Industry

Wyoming Launches the First State-Backed Stablecoin

Value The Markets

"Wyoming has launched FRNT, the first state-backed stablecoin, introducing a regulated, fiat-backed alternative for investors. Understanding how Wyoming entered the stablecoin market is essential for investors looking at new opportunities. Wyoming has established a stablecoin known as the Frontier Stable Token, referred to as FRNT. This initiative marks a significant milestone as Wyoming becomes the first state government in the U.S. to launch a fully fiat-backed stablecoin."

Industry

Saviynt Expands Identity Security for AI Solution With Intent-Aware Runtime Authorization for AI Agents

Saviynt

"Saviynt, a provider of identity security, released enhancements to its Agent Access Gateway — a runtime authorization layer that controls what AI agents can do as they interact with applications, data, APIs, tools, infrastructure, and other agents. As enterprises move AI agents from experimentation into production, security teams face a new access problem. Agents can reason, adapt, and execute thousands of actions across business systems within seconds. Saviynt’s Agent Access Gateway addresses enforcing policy at runtime."

Industry

A Top-10 Hospital Now Runs 24% of All Patient Payments Through AI -- Two Months After Go-Live

PR Newswire

"Two months after deploying Grace, a top-10 U.S. healthcare facility now processes 24% of all patient payments through an AI agent — with no human collector involved — and patient satisfaction scores are outperforming live agents. Grace isn't a chatbot or an IVR. She negotiates payment plans, handles disputes, and closes discounted settlements — entirely on her own, at scale. She processes complex business rules at the company, line-of-business, or individual account level, working multiple accounts simultaneously without losing a detail."

Industry

Agentic Commerce and the ‘Legacy’ Payments Providers - The CEOs of Visa, Mastercard and Amex on Why There’s Life in the Old Dogs Yet

Diginomica

"With all things agentic top of the ‘to do’ list for both buyers and sellers, it comes as no surprise that agentic commerce is a top priority for traditional payments providers, such as the credit card companies. Recently three of the main players here - Visa, Mastercard, and American Express - outlined their thinking on this front to the Bernstein 42nd Annual Strategic Decisions conference."

Industry

Education: A 65-Year-Old Programming Language Called Cobol Still Quietly Processes over $3 Trillion in Banking Transactions Every Single Day

Make Tech Easier

"The next time you use an ATM, transfer money between accounts, or swipe a credit card at a checkout, there is a strong chance that somewhere behind the scenes — invisible, silent, and almost certainly running on a mainframe older than most of the building it sits in — a programming language called COBOL is doing the actual work. Roughly 220 billion lines of COBOL code remain in active use across financial institutions worldwide."

Industry

Mastercard Opens Card Rails to AI Agents With 30-Plus Crypto Partners

Defiant

"Mastercard launched Agent Pay for Machines (AP4M), extending its payments network to AI agents with 30-plus crypto and fintech partners including Coinbase, RippleX, Solana Foundation, Polygon, Aave Labs and Stellar. Agent Pay for Machines positions Mastercard's network as the governance and trust layer for commerce conducted entirely between software agents, without human checkout flows. The system covers credentialing registered agents, permissioning what they can spend, transacting via card and account rails, and settling in either traditional currencies or stablecoins."

Industry

Unstructured Data Needed, but Often Untapped, for Agentic AI

TechTarget

"While structured data such as financial records and point-of-sale transactions provides key information and is critical when building analytics and AI tools, unstructured data such as text in documents and emails and audio from customer interactions adds vital context that structured data can't provide. Autonomous AI applications require vast amounts of high-quality, contextually relevant data to deliver trustworthy outputs."

Industry

Agentic AI in Banks Won’t Make Workers Obsolete – They’ll Become More Important

Singapore Law Watch

"Artificial intelligence builders, investors and policymakers gathered in Singapore on June 10 for SuperAI – the real focus is on commercialisation: how companies can turn AI-driven efficiency into revenue growth, competitive advantage and new operating models. Explainability is commercially important, not just a regulatory necessity. The Financial Crimes AI Agent announced in May by FIS and Anthropic was built around that principle: Every conclusion links back to its source data, and every decision stays with the investigator."

Industry

Maxio Launches the First Native Surcharging for B2B SaaS and AI Companies

Business Wire

"Maxio, a platform for billing automation and revenue management for B2B SaaS and AI companies, announced the launch of surcharging in Maxio Payments, the first native solution built specifically for subscription businesses. The new capability enables SaaS and AI companies to stop absorbing credit card processing fees and recover those costs directly within their existing billing workflows. Buyers who prefer to avoid the surcharge are offered ACH as an alternative, which carries lower processing costs."

Industry

BPI and TCH Comment on FedNow Cross-Border Payments Rule

Bank Policy Institute

"The Clearing House Association and the Bank Policy Institute appreciate the opportunity to respond to the proposed rule and request for comment on amendments to subpart C of Regulation J (governing the FedNow® Service). The Associations support the objectives of the Proposal to expand the use of always-on payments rails for cross-border payments and to settle the U.S. legs of cross-border funds transfers. While we generally support the Proposal, we propose recommendations to ensure that it can be successfully implemented by depository institutions."

Industry

Banking Circle Helps Power Bridge’s Global Money Movement Capabilities

Banking Circle

"Banking Circle announced a collaboration with Bridge, a stablecoin infrastructure platform and a Stripe company, to support its global money movement capabilities through Banking Circle’s regulated, API-led banking infrastructure. Bridge is using Banking Circle’s infrastructure to enable businesses and developers to move stablecoins in and out of local currencies including EUR and GBP, with AUD support to be rolled out in Q3. Bridge will also use Banking Circle to send and receive USD globally via SWIFT."

Industry

Shopware Launches Shopware Payments in Partnership with PayPal

TNGlobal

"Shopware, a leading open-source ecommerce platform, announced the launch of Shopware Payments, its platform-native payments solution powered by PayPal. The solution enables merchants to activate and manage payments directly within Shopware while providing access to a comprehensive portfolio of market-relevant payment methods at checkout, including cards, digital wallets such as Apple Pay and Google Pay, buy-now-pay-later options, and PayPal’s suite of payment experiences, including PayPal, Venmo, and PayPal Pay Later."

Industry

US Judge OKs Visa, Mastercard $38 Billion Swipe Fee Settlement

U.S. News & World Report

"A U.S. judge on Tuesday ⁠granted ⁠preliminary approval to Visa's and Mastercard's revised $38 ⁠billion settlement with merchants who accused the card networks of charging too much to ​process payments on their credit cards. U.S. District Judge Brian Cogan in Brooklyn, New York ruled nearly two years after a different judge rejected a ‌proposed $30 billion settlement as too small. The settlement ‌announced last November was intended to end litigation that began in 2005, when merchants accused Visa, Mastercard and banks of conspiring ⁠to violate ⁠U.S. antitrust laws, including through the collection of "swipe fees."

Industry

South Carolina Enacts Digital Asset Protections and Regulatory Framework Exempting Developers and Miners from Licensure

JD Supra

"On May 19, South Carolina Governor Henry McMaster signed into law S. 163, establishing a regulatory framework for digital assets and cryptocurrency in the state. The law prohibits any state governing authority from accepting or requiring payment using central bank digital currency (CBDC) or participating in any test of CBDC by the Fed or other federal agency."

Industry

JPMorgan, Citi, and BofA Build Blockchain Network to Challenge Stablecoins Dominance

Coinpedia Fintech News

"The stablecoin market has grown from a crypto experiment into a potential threat to traditional banking. Therefore, now, JPMorgan, Bank of America, Citi, and other major lenders are jointly preparing a blockchain-based deposit network designed to keep customer money inside banks. According to reports, America’s largest banks are working on a shared tokenized deposit network that could launch in the first half of 2027 through “The Clearing House”, a payments company owned by major U.S. banks."

Industry

Colorado Bill To Cut Sales Tax from Interchange Calculation Vetoed

Digital Transactions

"Colorado’s SB 26-134, a bill that would have eliminated sales tax as part of the interchange-fee calculation, has been vetoed by Gov. Jared Polis. SB 26-134, similar to the Illinois Interchange Fee Prohibition Act, would have taken effect Jan. 1, 2028, had Polis approved it. The contentious Illinois law, which has been delayed again to a July 1, 2027, implementation, differs in that it also excludes gratuities."

Industry

Introducing Cash App TAGS: A New Way to Pay

Business Wire

"Cash App is launching a new payment form factor that’s changing the shape of money. Cash App Tags are NFC-enabled, physical payment accessories that let customers pay without having to reach for their phone or card. The first-edition Cash App Tag—the pearlescent Cash App Wand—is now available for Cash App Card holders to purchase in the app, while supplies last."

Industry

MONEY20/20 Europe Day One: AI, Decacorns, and the Dawn of Agentic Commerce

Fintech Futures

"Money20/20 Europe has returned to the fintech conference circuit in Amsterdam this week with an agenda predominantly focused on AI and agentic governance, stablecoins, and innovation in payments. Here, FinTech Futures recounts the key highlights from day one, including panel coverage, major news announcements, and exclusive commentary from the industry’s biggest shakers."