Law and Regulation

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 …

A blockchain ledger developed by the financial-messaging platform Swift debuted with an announcement early Thursday by the Brussels-based network. Declaring the system “ready for initial use,” Swift said the technology will enable cross-border payments at all times of day or night using tokenized deposits, or digital equivalents of fiat currency. …

The economics of proprietary debit networks appears to be asserting itself as a consortium of big banks is reportedly looking to acquire a debit card system from Fiserv Inc. The banking group, which includes JPMorgan Chase, Bank of America, Wells Fargo, and PNC Financial Services Group, has had “tentative discussions” …

NCR Voyix Corp. has agreed to serve as the exclusive point-of-sale technology provider for Pizza Ranch Inc. at both company-owned and franchise locations. The chain operates 221 restaurants across 15 states. Cambria County Transit Authority in Pennsylvania said it has worked with transit-technology platform  Modeshift to launch an account-based fare-collection platform throughout its network. …

The buy now, pay later specialist Klarna AB said early Monday it has submitted applications with U.S. regulators to start an industrial bank called Klarna Bank USA. The company’s applications, filed with the Federal Deposit Insurance Corp. as well as the Utah Department of Financial Institutions, follow its move toward banking in …