Digital Currency

With action Tuesday by the U.S. Senate to pass the GENIUS Act, the move to establish rules that would govern the burgeoning stablecoin industry now transits to the U.S. House of Representatives, where lawmakers have developed their own set of rules, the STABLE Act. Meanwhile, stablecoin-market participants are looking to the …

LendingClub Corp. said its LendingClub Bank unit introduced LevelUp Checking, which includes a debit card. LendingClub specializes in personal loans. LevelUp Checking users with one of these personal loans could receive up to 2% of their monthly payment in cash back when making on-time payments from the checking account. HungerRush, a …

The NFC Forum, a global standards body for near-field communication technology, issued Release 15, which extends the range of certified compliant NFC contactless connections up to 2 centimeters, four times greater than the current standard 0.5 centimeters. Some 97% of decision-makers in the hospitality industry said they are confident about …

Comerica Bank said it will be an early adopter of On-Behalf-Of-Payments (OBO) on The Clearing House Payments Co.’s RTP network, a real-time payments platform. OBO payments are originated by a sender acting on behalf of another person. SpotOn, a processor specializing in point-of-sale payments for restaurants, announced GoTo Place, a mobile-first …

Stablecoins are starting to move beyond niche status. Both Walmart Inc. and Amazon.com Inc. are investigating whether to issue the digital currency in the U.S. market, The Wall Street Journal reported early Friday. Details are sketchy. Neither megamerchant responded to queries about the matter from Digital Transactions News. It also …

Citizens Financial Group Inc.’s Citizens banking unit released a revised suite of credit cards, all bearing the Mastercard Inc. mark. Open banking technology provider Plaid Inc. launched Plaid Protect, what it calls a real-time fraud intelligence system that Plaid said can detect and prevent fraud beginning with a user’s first interaction with an app …

FlightLogger, a provider of software for flight training, has chosen BlueSnap Inc. as its payments provider globally. Gross proceeds to Circle Internet Group Inc. from its recent initial public offering came to $1.2 billion, a total that includes an agreement by underwriters to purchase an additional 5.1 million shares of Class A common stock …

Circle Internet Group Inc. is working with Matera Inc., a developer of banking technology, in a move aimed at speeding adoption of stablecoins by individuals and companies, the two firms announced early Wednesday. In the collaboration, Matera will integrate its Digital Twin real-time ledger with Circle’s platform to support routine …

In the first six weeks after The Clearing House Payments Co. LLC on Feb. 9 raised its real-time payments transaction limit from $1 million to $10 million, transactions of more than $1 million accounted for more than half the value of all real-time payments processed at Bank of America Corp., one of …

Buy now, pay later platform Sezzle Inc. has sued Shopify Inc., alleging federal and state antitrust violations related to actions Sezzle says “stifle competition for [BNPL] service options on Shopify’s e-commerce platform.” The action was filed in the U.S. District Court for the District of Minnesota. The Shopify platform will adopt a feature from …