Law and Regulation

Created as part of the Corporate Transparency Act in 2021, a rule that required millions of U.S. small businesses to report their ownership structures to the Financial Crimes Enforcement Network, or FinCEN, will officially end following a final rule from FinCEN. The original reporting rule, meant to combat money laundering …

PayPal Holdings Inc. said its Venmo payment service is available to consumers using the Google Play store, a digital content store. Google Play has accepted PayPal payments since 2014. Paysafe Ltd. announced it has launched PaysafeWallet in Poland. The digital wallet allows users to spend online or offline, withdraw cash, and send …

Buy now, pay later provider Klarna AB said it completed an integration with J.P. Morgan Payments that enables merchants on the processor’s Commerce Platform to offer Klarna’s BNPL options at checkout with no integration on the merchant’s end. Fraud prevention services firm Signifyd said e-commerce fraud increased 33% this year over last in its …

Point-of-sale technology provider Toast Inc. reported gross payment volume of $60.7 billion for the June quarter, up 22% year-over-year, as total locations served also grew 22%, to approximately 180,000. Revenue totaled $290 million, up nearly 28%, with net income totaling $154 million, a 93% rise. Also, BHW Hotels, parent of WorldHotels, Best Western, …

Illinois merchants accepting in-store payments will have to accept cash payments in addition to other payment methods on transactions of less than $500 beginning Jan. 1, 2028, following Governor J.B. Pritzker’s signing of House Bill 4592. Priority Commerce said it completed an integration with ticketing provider SeatGeek that provides SeatGeek clients with the …

A New York state lawsuit filed against Early Warning Services LLC and its Zelle peer-to-peer platform can continue, a judge ruled this week. Filed in August, the suit alleged Zelle failed to protect users from fraud. Zelle intends to appeal, Reuters reported. Forty-five percent of U.S. households expect to use a buy now, pay …

Accel Entertainment Inc. will support approximately 600 gaming terminals located in Green Valley Grocery Convenience Store locations across Southern Nevada following an agreement announced early Monday between Accel’s Century Gaming Technologies Nevada unit and Green Valley. Green Valley, which operates nearly 90 stores, is owned by Anabi Oil, an Upland, …

Circle Internet Group Inc. said its plan to establish First National Digital Currency Bank, N.A., has been approved by the Comptroller of the Currency. The bank’s operating name will be Circle National Trust. Circle submitted its banking application June 30 last year and received conditional approval in December. The move …

Identity-authorization network Proof and business-identity platform Enigma Technologies Inc. are looking to a new certificate program to take on the issue of how to trust businesses operating in an agentic-commerce environment. Announced Thursday, the program, called Business Certificates, will be a verified credential layer that identifies a participating business to …