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NewsBriefs

This article contains summaries of news stories recently posted under no additional cost. Fiserv partnered with Paxos and Circle
Breaking Industry News on our homepage. For links to these and other for interoperability and is exploring deposit tokens for
full news stories, please visit www.greensheet.com/breakingnews.php. banks. New partnerships with PayPal and Mastercard
are expected to expand stablecoin use in cross-border
payments, merchant settlements and stablecoin-powered
cards.

Fiserv, PayPal and Mastercard view this as a transformational
move to increase financial access and efficiency, solving
issues such as delayed settlement, currency volatility and
inflation through 24/7 programmable payments.
Regulators want to help FIs fend off fraudsters

Federal regulator the OCC, Federal Reserve and FDIC
NY says no to cashless stores issued a request for information (RFI) on how to combat
New York State passed a bill requiring food stores and payment fraud, especially non-card fraud, citing reports
retailers to accept cash, reinforcing similar laws in New that check, ACH and wire fraud incidents have soared,
York City and other states. Introduced by State Senator with a 489 percent increase in related Suspicious Activity
James Sanders Jr. and Assemblymember Catalina Cruz, Reports over the past decade. The RFI outlines five key
the bill aims to protect vulnerable groups, such as the focus areas: external collaboration, education, supervision,
unbanked, seniors and immigrants, who rely on cash. data sharing and enhancements to Fed-operated systems.
Senator Sanders emphasized that marketplace access is a
right, not a privilege for the digitally connected. The agencies are considering joint guidance or system
updates and encouraging responses by Sept. 18, 2025,
Advocates like the National ATM Council support it as a from FIs and non-FIs. Regulators emphasized that trust
means of privacy and emergency preparedness. Cannabis in the nation’s payment system is vital and under threat.
retailers, often cash-only due to banking restrictions, also The initiative seeks actionable input to help shape fraud
benefit. New York joins states like Massachusetts and New mitigation strategies and improve overall security,
Jersey, and cities like Philadelphia and San Francisco, in accessibility and resilience across the U.S. financial
preserving cash payment options amid rising digital infrastructure.
transaction trends. Walmart hit with $10M fine for
Block to roll out bitcoin payments on Square turning blind eye to scammers

Block Inc. said it plans to launch bitcoin payment Walmart will pay $10 million to settle FTC allegations that
capabilities via the Square Point of Sale app using the it allowed scammers to misuse its in-store money transfer
Lightning Network, a layer-2 solution offering faster and services between 2013 and 2018. The FTC said Walmart
cheaper transactions. This integration allows Square’s 4 failed to implement effective anti-fraud protocols, train
million merchants to accept bitcoin seamlessly; customers staff properly or warn customers, enabling fraudsters
can pay by scanning a QR code. to use transfers in scams like sweepstakes and IRS
impersonations.
This rollout complements Block’s broader bitcoin
ecosystem, including Cash App’s crypto tools, the Bitkey Though a court dismissed some telemarketing-related
self-custody wallet with advanced recovery features, claims, the settlement mandates Walmart take preventive
and Proto, its decentralized bitcoin mining venture. actions moving forward. These include prohibiting
Bitcoin acceptance aims to provide faster settlement transfers it suspects are fraud-induced and stopping
and more revenue control for small businesses, Block support for telemarketers engaging in such activity.
stated, emphasizing its commitment to building an open, Walmart didn’t admit wrongdoing but agreed to the terms
decentralized financial system accessible to all. The move, and affirmed its commitment to consumer protection.
Block noted, strengthens its positioning as a leader in With the case now closed, funds from the judgment will
bitcoin innovation and economic empowerment. go toward consumer relief.
Fiserv is betting on stablecoins

Fiserv introduced FIUSD, a new stablecoin issued through Also find us on Facebook,
its digital asset platform on the Solana blockchain. The LinkedIn & Twitter for the
initiative follows growing momentum around stablecoin
regulation, including the Senate-passed GENIUS Act. most up-to-date stories,
FIUSD will be available across Fiserv’s network, including can’t miss events and newest
10,000 financial institutions and 6 million merchants, at industry announcements.
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