GENIUS Act puts renewed spotlight on #Stablecoins, #DigitalAssets
The regulatory clarity the measure proposes to bring to the stablecoin space can help ease some of the worries of more conservative entities, such as banks, examining the space, EY’s Paul Brody said.
#FinTech #FinServ #Banking #Payments #PayTech #CryptoCurrency
Illinois interchange law delayed, but risks for banks remain
Illinois Gov. J.B. Pritzker signed a bill delaying the implementation of a ban on interchange fees on taxes and tips, a measure that bank groups have strongly opposed since the state law was passed last year.
https://www.americanbanker.com/news/illinois-interchange-law-delayed-but-risks-for-banks-remain
Zelle owner taps Fiserv to jump-start mobile wallet
Early Warnings Services wants a quick route to expand its Apple Pay rival Paze digital wallet by turning to the financial technology industry's massive distribution networks.
https://www.americanbanker.com/payments/news/zelle-owner-taps-fiserv-to-jump-start-mobile-wallet
Google to scale up #AI-powered fraud detection and security operations in India
Fraud related to the Indian government’s instant payment system UPI grew 85% year-over-year to nearly 11 billion Indian rupees ($127 million) last year
CFPB, consumer groups clash over #BNPL
The battle over buy now, pay later — whether it’s helpful or hurtful to users — persists even after the CFPB last month withdrew its rule regulating such services.
Credit card bill crusade persists
Sens. Dick Durbin and Roger Marshall may have lost their latest bid to win a congressional vote on the Credit Card Competition Act, via stablecoin legislation, but proponents are undeterred.
Senate #Stablecoin bill would unleash crypto banks nationwide
The bill that's poised to pass through the Senate this week contains a carve-out that would allow some crypto banks to bypass state rules and more easily expand nationally.
https://www.americanbanker.com/news/senate-stablecoin-bill-would-unleash-crypto-banks-nationwide
EU fines Greece €400M over farm aid debacle – POLITICO
EPPO is pursuing dozens of cases in which Greek citizens received EU agricultural funds for pastureland they did…
#Greece #GR #Europe #Europa #EU #agriculture #CommonAgriculturalPolicy(CAP) #courts #EUfunding #FARMERS #Farms #fraud #greece #NikosAndroulakis #Payments #sanctions #Smallfarmers #Ελλάδα #νεα
https://www.europesays.com/2170527/
LA Clippers deploy checkout-free payments at Intuit Dome | PaymentsSource https://www.rawchili.com/nba/103829/ #Basketball #Clippers #DigitalPayments #LA #LAClippers #LAClippers #LosAngeles #LosAngelesClippers #LosAngeles #LosAngelesClippers #Merchant #MobilePayments #MobileTechnology #NBA #Payments #PSOContent #PSOFeature #PushNotificationTopStory
What Amazon and Walmart can get from #Stablecoins
In addition to big banks, large merchants are also taking notice of the stablecoin rush, given the ability of the digital asset to revolutionize key parts of their payment strategies.
https://www.americanbanker.com/payments/news/walmart-and-amazon-consider-issuing-stablecoins
NY legislature backs bill to protect cash
The state’s two chambers voted in favor of a bill that requires New York retailers to accept cash, following a trend set by other states and cities.
https://www.paymentsdive.com/news/new-york-legislature-votes-bill-protect-cash/750685/
Trump remittance tax would spell trouble for banks
The 3.5% remittance tax in President Donald Trump's One Big Beautiful Bill — if passed in its current form — would bring a heavy compliance and reporting burden to banks and payment companies.
Ripple May Secure A Banking License And Transform Into A Full-Fledged Bank
A former U.S. congressional candidate and an early investor in Ripple, Greg Kidd, has announced a new project intended to transform the conventional banking system.
https://blockchainreporter.net/ripple-may-secure-a-banking-license/
#FinTech #FinServ #Banking #CryptoCurrency #Payments #PayTech
Billionaire Investor Calls No-Interest #Stablecoins ‘Outrageous’ as Key US Bill Advances
#DigitalAssets #CryptoCurrency #FinTech #FinServ #Payments #PayTech #Banking
‘Boring’ data work underpins #Innovation, #Strategy, Payoneer CFO says
The “last mile” infrastructure for #Stablecoin payment rails carries some challenges for the industry to resolve, Payoneer’s Bea Ordonez says.
https://www.cfodive.com/news/do-boring-data-work-innovation-strategy-payoneer-cfo-says/750491/
