Law and Regulation

In a proposed settlement, the payment platform Corpay Inc. agreed to pay $100 million to the Federal Trade Commission to resolve FTC allegations that the company had used false marketing and unfair billing practices. The proposal is subject to final approval from the FTC after a period of public comment. Payroc World …

As spending enabled by stablecoins picks up momentum, payments players are beginning to see a need to guard against agentic transaction fraud involving cryptocurrency as the medium of exchange. The latest example of this unfolding concern emerged Thursday. Contending that “blockchain analytics was built for a pre-agentic world,” London-based risk-management …

MoneyGram launched its MoneyGram Card, a Visa-branded card backed by stablecoins and developed in partnership with Rain, a provider of stablecoin services. The card is available now in Colombia, with plans to launch in other markets over coming months. Flex Dental Solutions said its FlexPayments service will offer buy now, pay later …

OpenPayd, a London-based provider of open-banking and stablecoin services, announced an expansion into the U.S. market, having acquired 43 state money-transfer licenses. Globally, the company processes more than $300 billion in volume yearly for more than 1,200 businesses. The announcement comes following OpenPayd’s integration this month of MSB USA Inc., …

The payments industry’s embrace of agentic commerce took a step forward early Tuesday with an announcement from EMVCo that the standards body has developed a framework for “secure, interoperable, and scalable” agentic transactions using cards. The framework is by no means a final set of rules, but is intended as …

Nasdaq Verafin, a developer of fraud-prevention technology, and Q6 Cyber, a supplier of fraud intelligence, have paired to offer a service to financial institutions that the parties say helps identify and respond faster to scam threats on the dark Web as they are developing. The partnership, announced early Thursday, is …

When people discuss mainstream stablecoin adoption, the conversation usually focuses on payments: Will consumers pay with stablecoins? Will merchants accept them? Will blockchain replace card networks? The bigger challenge is not payments—it is deposits. The real battle is where money lives, not how it moves. Banks have spent decades building …

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 …