Payments

The USDC issuer has added fintechs from Brazil and the U.K. to boost distribution. Plus, Klarna pumps the gas on AI and more in the global payments and fintech roundup.

The banking giant's JPMD sounds like a stablecoin, but it isn't exactly the same thing. Here's why that matters.

The Senate's passage of stablecoin legislation marks a leap forward for the potential mainstreaming of cryptocurrencies that track the U.S. dollar, but there are still problems to solve before banks and businesses can capitalize on the opportunities.

The legislation has been able to garner a level of bipartisan support that was not possible in previous Congresses because of a lack of support from Democratic lawmakers, but many of those benefited from crypto industry contributions in the 2024 election cycle. 

Early Warning Services is teaming up with Fiserv to quickly drive uptake for its new Paze digital wallet with merchants and credit card issuers outside of its owner banks. Paze partnered with Worldpay earlier this month to unlock a similar distribution channel.

Illinois Gov. J.B. Pritzker, a Democrat, signed a bill that delays the implementation of the interchange law for a year while banks fight it in court.

The company also launched a similarly priced version for businesses as part of an overhaul marking JPMorgan's latest volley in the ultra-competitive world of premium credit cards.

The Federal Reserve, Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency issued a request for information on a range of payments-related fraud trends in order to develop policy solutions to the rising instances of check fraud.

Buy now/pay later provider Sezzle has filed a lawsuit against Shopify, alleging that the e-commerce giant engaged in antitrust practices by making it difficult for merchants to integrate Sezzle's BNPL offering into their websites.