Digital Currency

A federal court ruled that the Trump administration cannot let its funding of the Consumer Financial Protection Bureau lapse, the Associated Press reported. The White House has contested how the CFPB is funded, but the judge said its argument about how the bureau “gets its funds is not valid,” the AP said. …

[Aug. 12] Stablecoin giant Circle Internet Group Inc. early Tuesday unveiled Arc, a new payments platform aimed at major money flows, including foreign exchange. The new service, part of the existing Circle Payments Network, will speed up foreign exchange while offering what the company calls “sub-second instant finality” in settlement, the …

Dec. 31 will be the last day on which mass transit users can buy or refill a MetroCard for use on New York City’s subway system, as the card is being replaced by OMNY, a system that allows riders to tap a card or mobile device to pay a fare. MetroCard was introduced …

MenuSifu Inc., a payments-technology provider specializing in Asian restaurants in the U.S. market, announced it is serving China-based Mixue as the restaurant chain begins to establish itself in the U.S. Mixue has become the world’s largest beverage chain by number of locations, with 47,000 outlets, according to MenuSifu’s announcement. Cryptocurrency …

The speed and apparent lower cost of stablecoins—coupled with the digital currency’s rising prominence as a payments method—has captured the imagination of payments companies. Now some are leveraging the coins for both internal and merchant funding. Shift4 Payments Inc. said early Monday it has launched a facility for stablecoin settlement …

Former Shift4 Payments Inc. chief executive Jared Isaacman was approved by a U.S. Senate vote of 67-30 to take over as administrator at NASA, the top position at the U.S. space agency. President Trump renominated Isaacman for the job in November after quashing his original nomination in May. Payments platform PSQ Holdings Inc. said …

System Solutions LLC says an update to its integration with Microsoft Dynamics 365 Business Central cloud ERP software enables merchants to process automated clearing house transactions within 365 Central.  Sardine AI Corp., a risk-management firm, said it will offer real-time transaction monitoring, fraud interdiction, and other services through a partnership with …

Visa Inc. announced early Tuesday it is supporting stablecoins as a settlement option for issuer and acquirer banks in the United States, a major move in payment card finance and one observers see as an inevitable next step for the industry, though one that could come with complications. The use …

Two major players in stablecoins, Circle Internet Financial Inc. and Ripple Labs Inc., received conditional approval Friday from the U.S. Office of the Comptroller of the Currency to establish national trust banks. Both companies coveted the approvals as key to establishing confidence in stablecoins among consumers and businesses as they …

Buy now, pay later provider Klarna AB said it now supports the Agentic Product Protocol, enabling merchants to help make their products discoverable to artificial intelligence agents. Fintech i2c Inc. said it will work with Cross River Bank and Sightline Payments on a payments ecosystem for the U.S. gaming industry. Their first product will …