With the GENIUS Act now law, stablecoin issuers—including banks and fintechs—finally have regulatory clarity under federal oversight, allowing for broader adoption. Federally insured banks can issue stablecoins, while fintechs require Federal Reserve approval. The law aims to legitimize stablecoins with rules on consumer protections, reserves, AML, and KYC, drawing more users and revenue. Paxos CEO Charles Cascarilla said the law will help stablecoins go mainstream, while Mastercard’s Jorn Lambert emphasized regulation as key to adoption. Paxos, PayPal, Fiserv, and Mastercard are part of the Global Dollar Network pushing for scale. Though stablecoins won’t likely replace everyday payments in developed economies, they’re seen as transformative for cross-border transactions, gig economy pay, and digital wallets. Tether and Circle welcomed the law, with Circle seeking a national trust bank charter to expand its services. Critics, including the ABA and Consumer Reports, warn that stablecoins could disrupt traditional banking and lack adequate consumer safeguards. Still, large banks like Citi, JPMorgan, and BofA are exploring stablecoin strategies, with Citi appearing the most bullish, according to KeyBanc.
Verifone’s integration of next-gen OS-agnostic Victa devices with Deluxe Payments Platform to enable ISVs to deliver touchless, secure and friction-free in-store payments experiences to merchants through seamless integration into their existing POS environments
Verifone is expanding its partnership with Deluxe, a trusted payments and data company. As part of this collaboration, Verifone’s next-gen Victa devices will integrate seamlessly with the Deluxe Payments Platform, empowering Deluxe and their independent software vendors (ISVs) to deliver fast, secure and modern in-store payments experiences to merchants: Touchless, flexible and friction-free in-store payments experiences: The seamless integration of Verifone’s durable, high-performance devices with the Deluxe Payments Platform enables fast, flexible in-store payments wherever business happens. From Verifone’s biometric face and palm authentication to mobile and countertop solutions, merchants can deliver frictionless, touchless checkout experiences tailored to in-store shoppers. A scalable device suite that fits seamlessly into your current tech stack: Merchants can meet demands with rugged, mobile, and OS-agnostic Verifone devices that integrate effortlessly into existing POS environments. With flexible options like SoftPOS and payment puck add-ons, providers can scale quickly and cost-effectively to bring modern payment experiences to market without replacing core infrastructure. Payment solutions that prioritize security and sustainability: Verifone Victa devices meet the highest security standards — PCI PTS 6.x approved and engineered for future PCI 7.x compliance — combining industry-leading protection with remote anti-skimming detection to help prevent fraud. But the Verifone Victa line is not just built for security protection – it’s also built responsibly. Designed with sustainability at the core, Victa devices are on track to use 60% recycled plastic by 2026 and already ship in packaging free of single-use plastics.
Runa Shop enables launching a fully-branded, modern gift card marketplace built to scale—no coding required with mobile-optimized storefronts for easy, on-the-go purchases
Runa has unveiled Runa Shop, a white-label commerce solution that makes launching gift card marketplaces fast and simple. In only 24 hours, businesses can leverage Runa Shop to launch a fully-branded, modern gift card marketplace built to scale—no coding required. Featuring more than 5,000 popular merchant options, Runa Shop offers multiple use cases spanning from building customer and employee engagement to boosting sales and revenue. For incentive, rewards and cashback programs building or refreshing their storefronts, Runa Shop drives conversions with real-time cashback and intelligent marketing capabilities. Businesses can also tap Runa Shop to transform and strengthen employee relationships through rewards that resonate and increase engagement. Runa Shop also creates a direct revenue stream for brands selling their own gift cards. Additional key features made possible through Runa Shop include: Mobile-optimized storefronts for easy, on-the-go purchases. Customers can shop anytime, anywhere, with zero friction. Purchases may include multiple cards and denominations in a single, smooth transaction. Hassle-free payments. Runa Shop offers this seamless checkout on a global scale via payment options such as credit, debit, PayPal, Apple Pay and Google Pay. Currency support is available in USD, GBP, EUR, CAD, and more. Personalized and expansive shopping experiences. Runa Shop puts the right gift in the right hands through intelligent, cart suggestions that inspire last minute add-ons. These tailored add-on suggestions turn passive browsing into action—driving basket value and higher revenue. Customizable product categories make it easy for each user to explore, discover and purchase gift cards that matter to them. Promotions that perform. Through data-informed retargeting at checkout, Runa Shop intelligently predicts customer behavior to boost conversions through targeted marketing campaigns. With access to real-time performance insights, businesses can ensure marketplaces are optimized and competitive.
Two’s embedded deferred payment capabilities tailored for B2B transactions offers real-time, AI-driven net terms credit at scale and automats behind-the-scenes tasks to deliver frictionless experience for both merchants and buyers
Two Funding has reached €13 million, bringing the total funding to over €40 million to date. The fintech company elps businesses offer flexible payment terms. The fresh investment will fuel Two’s expansion into the US and select Western European markets. Less than three months after its official launch in the US, the market already represents more than 20% of total revenue for the company. The funding will also support further development of Two’s fully productised B2B payments infrastructure, which includes its proprietary risk engines, Frida and Delphi, an end-to-end business onboarding solution and embedded deferred payment capabilities tailored specifically for business transactions, already deployed by over 200 of merchants across the Nordics and Europe. Two was created with a bold mission of making B2B transactions as seamless as consumer checkouts. Its platform offers instant upfront payments to sellers, flexible net terms for buyers, and AI-powered fraud prevention. With rapid adoption across both large enterprises and SMEs, Two’s infrastructure has already become the go-to standard for B2B commerce in Northern Europe. With this funding, Two wants to improve its credit decision engine, make integrations stronger, and work with more suppliers around the world.
Modernizing federal payments- for TANs to be effective, they must be interoperable and based on open standards to ensure seamless collaboration between institutions and platforms while preserving consumer control
In March, President Donald Trump ordered the government to shift away from paper checks toward digital channels. Amid the 248 responses, payment networks and several FinTechs weighed in on the ways and means by which the government might modernize its payment efforts. Visa responded by highlighting the capabilities of Visa Direct, which can move money in minutes to bank accounts and digital wallets, reach nearly any U.S. bank account efficiently, protect each transaction with tokenization and fraud prevention, and offer familiar experiences for cardholders. Visa also suggested using prepaid cards for the unbanked as a safer alternative to paper checks. Mastercard recommended leveraging and expanding existing mechanisms such as Direct Express, U.S. Debit, and Pay.gov to capture remaining check-based payments. Doing so will provide Treasury and its partner agencies with the clarity, certainty and security that are paramount to government payments. Forming public-private partnerships can help educate and move remaining users to digital forms of payment with trust and clarity. Trustly said that open banking removes cumbersome validation steps, reduces operational risks and errors, and enables more efficient pay-by-bank transactions with significant cost savings. Plaid said, “The government could take some cues from the private sector, wherein there can be a “default to digital” that would “offer digital payments as the norm, with opt-out options, rather than requiring citizens to opt in. It also advocated for the use of Tokenized Account Numbers (TANs), which replace sensitive data with revocable, app-specific tokens that protect users even if compromised. For TANs to be effective, they must be interoperable and based on open standards to ensure seamless collaboration between institutions and platforms while preserving consumer control.
Embedded payments APIs provider Diameter Pay to integrate Flagright’s no-code platform’s real-time transaction monitoring, automated risk scoring, and AI-powered forensics to enhance oversight of its payment flows
Diameter Pay, a provider of embedded payments APIs for banks and financial institutions, has partnered with Flagright, an AI-native, no-code platform for transaction monitoring and AML compliance to strengthen Diameter Pay’s compliance framework as it scales its payment solutions worldwide, with an increased focus on virtual currency-related payments. Flagright offers a no-code platform designed for transaction monitoring, AML screening, risk scoring, case management, and AI forensics. The solution helps financial institutions detect high-risk activity in real time, automate investigations, and meet regulatory obligations more efficiently. Through this partnership, Diameter Pay will implement Flagright’s real-time monitoring tools, automated risk scoring, and AI-powered forensics to enhance oversight of its payment flows. The single case management workspace will help the company investigate flagged transactions faster and complete regulatory reports more accurately. The partnership with Flagright is expected to help the company deliver secure services to its clients across diverse markets.
Fedwire adopts ISO 20022 standard for faster payment transfers sunsetting the existing proprietary Fedwire Application Interface Manual (FAIM) format
FRFS adopted the ISO 20022 message format for the Fedwire Funds Service in a single-day implementation strategy on July 14, 2025. With this implementation, the Fed sunsets the existing proprietary Fedwire Application Interface Manual (FAIM) format and replaced all FAIM messages with ISO 20022 messages. This shift is expected to enhance the efficiency and interoperability of payment systems, offering richer data capabilities that enable more detailed and structured information exchange between financial institutions. The new standard is anticipated to facilitate better fraud detection, improved straight-through processing, and enhanced data analytics, ultimately leading to more efficient and secure payment transactions. The adoption of ISO 20022 by Fedwire is also expected to boost the adoption of FedNow, the Federal Reserve’s new real-time payment and settlement service. The migration to ISO 20022 will likely accelerate the integration of FedNow into the existing financial infrastructure, further enhancing the overall payment ecosystem. This strategic shift by Fedwire marks a significant step in refining the payments landscape, offering a faster and more efficient framework, with potential ripple effects in the global finance ecosystem.
Clover’s integration of Homebase’s scheduling, time tracking, and employee management capabilities into its Dashboard to provide SMBs with all-in-one platform to manage hourly teams effortlessly
Clover announced system enhancements with integrated workforce management capabilities from Homebase, the all-in-one platform for small business team management.The enhancements will embed Homebase’s scheduling, time tracking, and employee management capabilities into the Clover Web Dashboard, providing merchants with a single platform to manage their daily operations. Key advantages of Clover’s workforce management solution include: Unified Workforce Management: Clover seamlessly embeds Homebase’s leading time clock, scheduling, and timesheet solution into the Clover Web Dashboard, providing SMBs with a powerful, all-in-one platform to manage hourly teams effortlessly. Optimize Labor & Boost Profitability: By leveraging tools that prevent early clock-ins and proactively manage overtime expenses, small businesses can benefit from more efficient operations that directly impact their bottom line. Empower Your Team & Enhance Communication: Create a more connected and productive workforce with built-in team messaging that’s easily accessible on Clover devices, in addition to employee self-service features for schedules and timesheets. This helps ensure frictionless communication and allows teams to take control of changing or covering shifts. Simplify Payroll & Focus on Growth: Businesses can benefit from automated timesheet generation and easy export. These features eliminate manual data entry and errors, freeing up valuable time for owners and operators.
Nacha’s Payments Innovation Alliance’s educational video on quantum computing urges for industry-wide collaboration and transitioning to quantum-resistant cryptographic methods to ensure secure and resilient payments ecosystem
Nacha’s Payments Innovation Alliance, a membership program that brings together diverse global stakeholders seeking to transform the payments industry, has released a new educational video, Protecting Payments in the Quantum Era: Prepare for Impact. Developed by the Alliance’s Quantum Payments Project Team, the video provides a foundational understanding of quantum computing and its implications for the payments ecosystem. As quantum technology advances, it poses both transformative opportunities and significant risks, particularly to the cryptographic systems that underpin today’s secure transactions. The video introduces viewers to the fundamentals of quantum computing, highlighting how it differs from classical computing in its ability to process complex calculations at unprecedented speeds. It also delves into the potential impact of quantum advancements on encryption and data security, emphasizing the vulnerabilities of current cryptographic systems. The video also underscores the urgency for financial institutions to begin transitioning to quantum-resistant cryptographic methods and calls for industry-wide collaboration to ensure a secure and resilient payments infrastructure that is prepared for the quantum era.
Highnote’s solution enables businesses to deliver near real-time payouts to external debit and prepaid cards through a fully integrated embedded finance platform that includes issuing, acquiring, credit, and a built-in general ledger
Highnote, the unified platform for embedded finance and modern card issuance, announced the launch of Instant Payments, a new capability that enables businesses to deliver near real-time payouts from Highnote-issued cards to eligible external debit and prepaid cards. The solution is supported by Mastercard Move (Mastercard’s portfolio of money transfer solutions) and Visa Direct, and is now available to all Highnote subscribers in the U.S. While many platforms are still stitching together legacy infrastructure, Highnote has embedded this capability directly into its unified product platform, empowering subscribers with seamless, intelligent money movement from day one. With Instant Payments, businesses can push funds to debit and prepaid cards in the U.S., giving recipients faster access to their earnings while improving liquidity and payout operations. Use cases include gig worker payouts, employee tips, insurance reimbursements, merchant settlements, refunds, and more. Highnote delivers Instant Payments as part of a fully integrated platform that includes issuing, acquiring, credit, and a built-in general ledger. This unified foundation enables businesses to manage the full payment lifecycle, from funding to disbursement and reconciliation, through a single, flexible integration.