Industry

Federal Reserve Follows (To a Degree) FinCEN and Other Banking Agencies in Proposing Sweeping AML/CFT Program Reforms

Wilmer Hale

"On July 7, 2026, the Board of Governors of the Federal Reserve System issued its own Notice of Proposed Rulemaking that would substantially revise the anti-money laundering and countering the financing of terrorism (AML/CFT) requirements applicable to Board-supervised banks under the Bank Secrecy Act. Although the Board’s announcement stated that the NPRM is intended to align with proposed changes made in the April rulemaking, in now issuing its own NPRM, the Board is taking a path by not including a provision of the April rulemaking that would see FinCEN as the gatekeeper of AML/CFT enforcement actions."

Industry

Linux Foundation Announces Operational Launch of x402 Foundation to Standardize Internet-Native Payments for AI Agents and Applications

PR Newswire

"The Linux Foundation announced the operational launch of the x402 Foundation, a new open-governance body formed to steward the x402 protocol – the open standard for internet-native payments over HTTP. The x402 protocol, contributed by Coinbase, embeds secure payment capabilities directly into web interactions so that AI agents, APIs, and applications can send and receive payments as seamlessly as they exchange data, with support for payment types ranging from traditional cards to stablecoins."

Industry

ABA Shows Support for the Common Cents Act

ABA Banking Journal

"The American Bankers Association expressed support for the Common Cents Act [H.R. 3074], which renews calls for officially halting the production of the U.S. penny for general circulation. ABA’s letter supporting the Common Cents Act said the legislation “would provide a clear and practical framework for cash rounding when exact change cannot be provided, while clarifying that checks, electronic fund transfers, credit cards, gift cards, money orders, and similar noncash payment methods are not subject to rounding.”"

Industry

U.S. Faster Payments Council Publishes White Paper on ERP-Embedded Instant Payments

EIN Presswire

"The U.S. Faster Payments Council announced the publication of a new white paper, From Bottleneck to Command Center: Embedding Instant Payments in Enterprise Resource Planning, developed by the FPC Business Benefits for B2B Instant Payments Work Group. The white paper explores how enterprise resource planning systems are evolving from traditional financial management platforms into payment command centers where instant payments, treasury functions, and financial automation can be embedded directly into day-to-day business operations."

Industry

New York City to Become First in US to Ban Deceptive Subscription Practices

The Guardian

"New York City has adopted a new rule that bans companies from using deceptive subscriptions to trap customers into paying for gym memberships, streaming services and other recurring charges, the city’s consumer protection office said. The new rule, which will start on 1 October, promises hefty fines and aggressive enforcement for violators. The city is also targeting so-called “junk fees” with a proposed rule that requires sellers to “advertise the total price for any good or service, including all mandatory additional charges and fees, up front”, according to a release shared with the Guardian."

Industry

Clarity Act Timeline: Can the U.S Crypto Bill Finally Pass in July?

Coinpedia Fintech News

"After missing its earlier July 4 target, lawmakers are preparing for another push as the Senate returns on July 13. However, political disagreements, ethics rules, and key crypto provisions still stand in the way. The expected timeline is, July 13–17: Senate Procedural Vote; Senate returns from recess and begins procedural work before holding a final floor vote. July 20–24: House and Senate Reconciliation Process.House and Senate work to resolve differences between their versions of the bill. July 27–August 7: On Trump’s Desk For Final Signature".

Industry

California Crypto Law Now Live: Unlicensed Platforms Risk $100K Daily Fines

Tech Times

"California's landmark Digital Financial Assets Law entered into force on July 1, 2026, requiring every exchange, custodian, stablecoin issuer, and Bitcoin ATM operator serving the state's crypto users to hold a valid license from the California Department of Financial Protection and Innovation — or to have filed a complete application — or face civil enforcement that can reach $100,000 per day. The DFAL covers any firm engaging in digital financial asset business activity with California residents, regardless of where the firm is based."

Industry

Louisiana’s New Debit Card Surcharge Ban on August 1, 2026: What Businesses Need to Know

The Yeeld

"Payment fee regulation is increasingly being shaped by state legislatures, not just card-network rules, and Louisiana has just added a new requirement for businesses to track. On June 2, 2026, the governor signed SB254 into law, and beginning August 1, 2026, retail businesses operating in the state will be prohibited from charging an additional fee for customers paying with a debit card."

Industry

What New Rules for Agentic AI in Payments Might Look Like

Pinsent Masons

"We would expect to see new rules around consent and authorisation frameworks for agentic transactions – the existing ‘strong customer authentication’ (SCA) requirements under payment services regulations (PSRs) were designed for human-initiated payments and are not well suited to autonomous agents executing multiple transactions on a consumer's behalf. There will also need to be a clear liability allocation regime for when agentic transactions go wrong – whether through error, hallucination or fraud..."

Industry

BIS Paper Floats FMI Style Oversight for Blockchain Sequencers, Middleware

Ledger Insights

"The Bank for International Settlements (BIS) published a Bulletin exploring why blockchain activity has fragmented across dozens of separate networks rather than converging on one or two. Buried in the policy section is its most consequential point. Some of the plumbing that connects these networks is becoming systemically important, and the BIS floats the idea of overseeing the operators much like financial market infrastructures (FMIs)."

Industry

‘Prove You’re Human’ Is the Wrong Security Question in Agentic Commerce

ITWeb Africa

"For 20 years, payment security treated bots as the enemy. Agentic commerce just flipped that assumption upside down. Over the last year, agentic commerce has shifted from a conference concept to reality. Visa enrolled local banks in its Agentic Ready programme, Mastercard unveiled Agent Pay, and OpenAI and Stripe integrated Instant Checkout.  By March 2026, Mastercard and Google open-sourced Verifiable Intent. Three questions to ask now..."

Industry

JPM, BofA Eye Payments Deal — Why JPMorgan, Bank Of America And Other Banks Want Fiserv’s Debit Network

TradingView

"Wall Street giants, including JPMorgan Chase, Bank of America, Wells Fargo and PNC Financial Services Group, have engaged in early, tentative discussions to buy a proprietary debit-card processing network from financial technology company Fiserv, according to an exclusive report by The Wall Street Journal. Owning a payments network could exempt banks from federal caps on debit-card interchange fees. Fiserv owns the STAR and Accel debit networks, key infrastructure for processing U.S. debit-card transactions."

Industry

The New Monetization Layer for Agentic AI

The National CIO Review

"Agentic AI is changing the economics of enterprise technology. Unlike traditional software, where customers typically pay for seats, modules, or annual licenses, agentic AI platforms operate through continuous, dynamic, and often unpredictable consumption. This creates a new commercial challenge for AI providers and enterprise technology companies: how do you price agentic AI in a way that is scalable, profitable, transparent, and aligned to customer value?"

Industry

ABA Files Amicus Brief Urging N.Y. Supreme Court to Dismiss Zelle Lawsuit Against Early Warning Services LLC

ABA Banking Journal

"ABA filed a coalition amicus brief urging the Supreme Court of NY to dismiss a lawsuit against EWS for allegedly failing to protect Zelle users from fraud. The brief underscored that EWS employs robust security measures to offer an accessible payment service and that the relief NYAG seeks would undermine those efforts. EWS and participating institutions use safeguards such as encryption, identity verification, transaction monitoring, and consumer education. Also, 99.98% of payments occur without any reports of suspected fraud or scam activity."

Industry

Credit Card Payments Grow Faster Than Debit for First Time Since 2000

ACA International

"For the first time since the Federal Reserve began tracking noncash payment data in 2000, credit card transactions grew faster than debit card transactions — a milestone buried in an otherwise record-breaking year for U.S. payments. According to initial findings from the Federal Reserve’s 2025 Triennial Payments Study released July 1, total noncash payments reached 236.6 billion transactions in 2024. That’s an increase of 31.9 billion from 2021 — the largest absolute three-year gain on record."

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."