Companies

Sony Bank Wins U.S. OCC Approval for Trust Unit

International Business Times Japan

“Sony Bank said on July 7 it had received conditional approval from the U.S. Office of the Comptroller of the Currency to establish a national trust bank subsidiary in the U.S, a step tied to the Japanese online bank’s consideration of issuing and managing U.S. dollar-denominated stablecoins. The bank said it plans a 2027 opening […]

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Global

India Eyes AI-powered UPI Payments As NPCI Develops Protocol For Agentic Transactions

BW Businessworld

“The National Payments Corporation of India (NPCI) is developing a framework that could enable artificial intelligence (AI) agents to independently initiate and complete Unified Payments Interface (UPI) transactions on behalf of users. The proposed framework is known as the Unified Agent Protocol (UAP). AI agents would undergo verification and registration before being permitted to access […]

Tags: India

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 […]

Companies

Swift’s Blockchain Ledger Ready for Use as 17 Banks Set to Pioneer Tokenised Cross-Border Payments on Trusted Global Infrastructure

Business Wire

“Swift moves from concept to activation of blockchain-based ledger in nine months. 17 banks from six continents are now preparing to pilot live transactions using tokenised deposits for 24/7 payment availability and better liquidity efficiency. The addition to Swift’s resilient global platform marks a key milestone for regulated digital assets, creating a foundation that could […]

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Companies

Visa Tests AI Agent Payments in Live Commerce Proof of Concept

Yahoo Finance

“On July 2, Nuvei said it had completed a live agentic-commerce proof of concept with Visa Inc., merchant technology provider Arvato Systems, and fashion brand Kings and Priests. The PoC demonstrated the first in-agent purchase where an AI agent completed a payment entirely on a shopper’s behalf without redirecting to a separate checkout page, Nuvei […]

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Companies

Visa Research: The Great Wealth Transfer Is Already Reshaping How Americans Spend

Visa

“New research from Visa Business and Economic Insights (VBEI) finds that the great wealth transfer is already influencing major financial decisions, from home purchases to travel and long-term saving. The research estimates that approximately $36 trillion will transfer from baby boomers to Gen X and millennial households over the next 20 years. The findings also show that most of […]

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Companies

HSBC Pilots Digital Structured Product Issuance in Hong Kong

Fintech News

“HSBC has completed a private placement of its first digitally native structured product in Hong Kong. The bank issued US dollar-denominated notes in a digitally native format on blockchain infrastructure, exploring how tokenisation can streamline key stages of the product lifecycle, including issuance, settlement and servicing. Marketnode, an APAC digital market infrastructure operator, supported the […]

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Companies

Jamie Dimon Said the Clarity Act’s Stablecoin Rules Will Blow up the System.

MSN

“The Digital Asset Market Clarity Act (Clarity Act) continues to draw its fair share of skeptics as it moves through the arduous process of becoming law. One of the most vocal critics is Jamie Dimon, CEO of JPMorgan Chase, who has argued that some of the legislation’s stablecoin rules could “blow up” the system. So […]

Tags: JPMorgan Chase

Global

EU Parliament Greenlights Digital Euro

TechXplore

“EU lawmakers backed starting negotiations on creating a digital version of the euro, as the European Union races to introduce the currency. The EU first needs to agree on the legal framework underpinning the virtual currency before it is available for use. The EU believes a digital euro is the answer to cutting its dependence […]

Tags: European Union

Companies

Modern Treasury Completes FedNow Service Certification Including Request for Payment (RfP)

Modern Treasury

“Modern Treasury has continued advocating for the FedNow Service and educating end users about its benefits. At the same time, we’ve been building support for the service into our Payments product. That work has culminated in our announcement this week that Modern Treasury has completed its FedNow Service Certification for Credit Transfer (Send/Receive) and Request […]

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Companies

Education: What Visa Announced at Visa Payments Forum 2026: AI, Stablecoins & Tokens

PayTech Events

“Visa Payments Forum 2026 wrapped in San Francisco this week, and—as it does most years—Visa used its flagship client conference to set out where it thinks payments are heading. This year the message was unusually clear and unusually large: AI agents are coming to the front end of commerce, stablecoins are reshaping the back end, […]

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Companies

How Stablecoins Could Power the Next Era of Retail Payments (Report & Video)

Deloitte Insights

“Stablecoins are moving from niche crypto platforms to the checkout line. Beyond the incremental growth of direct payments, these instruments could support an estimated 2.5% of US noncash transactions through backend settlement, processing, or funding mechanisms by 2030. Multinational companies may capture the most value from stablecoin networks due to the costs and complexity of […]

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Companies

JPMorgan Chase to Fight Stablecoin Yield Rules Before August Recess, Dimon Says

CryptoRank

“JPMorgan Chase CEO Jamie Dimon warned that banks will fight Senate language in the CLARITY Act that allows crypto reward programs, pressing the dispute into a tighter congressional timetable ahead of the Senate’s August 7, 2026 recess. Section 404 would ban passive stablecoin yield but permit activity-based rewards, forcing lawmakers to decide whether to keep […]

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Companies

Visa Bets It Can Build the Trust Layer for a Market That Doesn’t Trust AI to Buy Anything Yet

Yahoo Finance

“Visa is positioning itself as the central nervous system for the nascent agentic commerce economy. By formalizing the Visa Intelligent Commerce platform the payment network is making a calculated infrastructure bet. If AI agents are to move from research assistants to autonomous purchasing entities, they require a standardized layer of trust, control, and connectivity that […]

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Global

Hyundai Units Test Stablecoin Transfer With Tether, Avalanche

Bitcoin Foundation

“Hyundai Card, the card and payments unit of Hyundai, completed a proof-of-concept test for stablecoin -based transfers between Hyundai Motor America and Hyundai Motor Mexico, South Korean newspaper The Korea Herald reports . According to the report, Hyundai Motor America converted $20,000 into stablecoins and sent it to Hyundai Motor Mexico, where it was converted […]

Tags: Korea