Join us in New York on September 29-October 1 for our next Payments Boot Camp and Advanced Payments workshop!
A leading payments industry news source for more than 17 years. Glenbrook curates the news and keeps you abreast of the important daily headlines in payments.
Search Payments News
July 17, 2026
On the web
Click to Cancel Law and What It Means in Connecticut [Video]
NBC Connecticut
Find it annoying trying to cancel subscriptions? A new law that went into effect in Connecticut is trying to help.
Fifth Conference on the International Roles of the U.S. Dollar: Stablecoins, Digital Payments, and the International Role of the U.S. Dollar
The Federal Reserve
"On June 22 and 23, 2026, the Federal Reserve Board and the Federal Reserve Bank of New York jointly hosted the fifth installment of the International Roles of the U.S. Dollar Conference. Building on previous conferences that examined the dollar's resilience amid geopolitical change, safe-asset demand, and evolving payment systems, this year's event centered on the implications of financial innovation, especially digital assets and stablecoins."
Delaware Enacts Banking, Money Transmission, and Stablecoin Modernization Package
Sheppard
"On July 6, 2026, Delaware Governor Matt Meyer signed three bills modernizing the state’s regulation of banks, money transmitters, virtual currency businesses, and payment stablecoin issuers. upon signing, although several provisions require implementing regulations. The legislation creates three complementary regulatory frameworks. Specifically, the package: Modernizes Delaware’s banking laws. Expands money transmission oversight. Regulates payment stablecoin issuers. Protects customer assets."
July 16, 2026
On the web
Volvo Group Tests Its Own Cryptocurrency for Supplier Payments
Crypto News
"Volvo Group tested a proprietary cryptocurrency to simplify supplier transactions inside a closed blockchain network. The project remains exploratory, with no timeline announced for full deployment across Volvo’s global operations. Blockchain could support supplier payments, product traceability and compliance records without relying on separate databases."
WOCCU Releases New White Paper on Stablecoins and the Future of Cooperative Finance
World Council of Credit Unions
"World Council of Credit Unions (WOCCU) has released a new white paper examining how stablecoins are reshaping the financial infrastructure that credit unions and other cooperative financial institutions rely on to serve their members. The white paper, How Digital Money Is Impacting Credit Unions, Part 1: Focus on Stablecoins, is the first in a planned three-part series exploring how emerging forms of digital money are affecting the global credit union movement."
Vought Calls for More CFPB Oversight, Says Open Banking Proposal Coming Soon
ABA Banking Journal
"The CFPB has been in legal fights over its implementation of Section 1033 of the Dodd-Frank Act, the “open banking” rule that requires financial institutions to make a consumer’s financial information available to them or a third party at the consumer’s direction. Vought said the CFPB is “very close” to a proposed rule to replace its previous 1033 rule. The agency is timing the release of the proposal with possible Senate confirmation of [Brian] Johnson, he said."
July 15, 2026
On the web
US, UK Outline Recommendations to Align Stablecoin and Tokenization Rules
Decrypt
"The U.S. and UK have laid out a joint roadmap for aligning how they regulate stablecoins, tokenized assets, and digital money, a coordinated push by two of the world's largest financial centres to let blockchain-based finance move more easily across the Atlantic. The 10 recommendations, published by HM Treasury and the U.S. Treasury, come from the Transatlantic Taskforce for Markets of the Future."
Visa, Mastercard and Ripple Back X402 as Agent Payments Average 32 Cents
Crypto News
"Every major card network has signed on to a payment standard built so that software can pay software without a human involved. The Linux Foundation said that the x402 Foundation is now operating under formal governance with 40 members, and that Coinbase's contribution of the protocol is complete. When the web's architects wrote the rules for how browsers and servers talk to each other, they set aside a response code numbered ‘402’ and labeled it "Payment Required," expecting someone would eventually build payments into the web itself."
July 14, 2026
On the web
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."
On the wires
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."
July 13, 2026
On the web
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.”"
On the wires
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."
July 10, 2026
Top Post
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."
July 9, 2026
Top Post
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".
July 8, 2026
On the web
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."
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."
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..."
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)."
‘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..."
July 7, 2026
Top Post
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."
On the web
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?"
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."
July 6, 2026
On the web
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."
July 2, 2026
On the web
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."
On the wires
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."
July 1, 2026
On the web
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."
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."
June 30, 2026
On the web
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..."
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."
June 24, 2026
Top Post
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."
Take us with you
Payments on Fire is available on Apple Podcasts, Spotify, Google, and other podcast apps and services. Or just say, “Alexa, play Payments on Fire podcast.”