Issuing/Originating

QR code payments have taken a big step towards becoming not only a mainstream payment option but also one that can accelerate the adoption of real-time payments. Late last week, the technology was used to facilitate a transaction over the FedNow network using the X9 standard. The demonstration transferred funds in …

The Federal Trade Commission’s negative option rule, or click to cancel rule, for subscription management, has been struck down by the U.S. Court of Appeals for the Eighth Circuit because the FTC did not follow procedures for creating the rule, The Hill reported. The rule was set to start July 14, having been delayed …

Ripple’s chief executive said Wednesday the company applied to the Office of the Comptroller of the Currency for a national bank charter to support its stablecoin, RLUSD, which it introduced in December. The move, which Ripple chief executive Brad Garlinghouse announced in a post on the social-media site X, follows …

Organizations representing the payments industry are coming out in support of the federal government’s move to eliminate paper checks for disbursements. Nacha, the governing body that oversees the ACH network, The Bank Policy Institute, The Clearing House Association, and the Consumer Bankers Association, have submitted comments to the Treasury Department …

In a move that could weave cryptocurrency more deeply into the fabric of the U.S. payments industry, Circle Internet Group Inc. announced late Monday it has applied to the Office of the Comptroller of the Currency to form a national trust bank. The application, which seeks to establish what Circle …

Credit card issuers and others relying on the credit bureau Experian plc to aid with decisions about extending services to consumers will be able to tie into Experian’s integration of Mastercard Inc.’s identity-verification and fraud-prevention tech in the Experian Ascend Platform. Announced Thursday, the integration means users of the Ascend …

PayPal Holdings Inc. will process payments from universities to student athletes under multi-year deals the payments company announced early Thursday. PayPal’s agreements with the Big 10 and Big 12 college conferences follows a court ruling June 6 that permits colleges and universities to include student athletes in a revenue share. …

Xero Ltd., an accounting and payments firm, announced it will acquire the payments platform Melio Inc. for $2.5 billion upfront, with another $500 million in payments tied to performance targets. The commerce platform NuOrder by Lightspeed launched Order Trends, a compilation of statistics aimed at informing merchants’ buying decisions. Canada-based fintech Nuvei Corp. said …

Stablecoins are the talk of the payments town, and some observers are questioning whether these new digital alternatives could undercut the core network businesses of Mastercard and Visa. Now, Mastercard Inc. has announced several initiatives it says will keep it in the thick of the growing stablecoin market. In a …

The commerce platform NuOrder by Lightspeed said it will work with Neiman Marcus and Bergdorf Goodman as part of an expanded agreement with Saks Global. In related news, Lightspeed Commerce Inc. said it will integrate reservations software from Whoosh for golf and club clients using Lightspeed’s payments platform. Shift4 Payments Inc. said it has yet …