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NewsBriefs

This article contains summaries of news stories recently posted under cash is accepted nationwide. Supported by the National
Breaking Industry News on our homepage. For links to these and other ATM Council and the Amusement and Music Operators
full news stories, please visit www.greensheet.com/breakingnews.php. Association, the bill would prohibit businesses from
refusing cash or charging more for its use.

Advocates stress that millions of unbanked Americans
rely on cash to shop. Federal Reserve data confirms cash's
ongoing role: in 2024, it accounted for 14 percent of all
consumer payments, third place behind credit and debit
cards. The Fed's Diary of Consumer Payment Choice also
found that cash usage has held steady since 2020, especially
among lower-income households and older adults. The
legislation aims to protect consumer choice and inclusion.

Real growth in real-time payments Eliminating pennies will
produce merchant windfall
Real-time payments surged in the second quarter of
2025, with The Clearing House's RTP network processing The U.S. Treasury plans to halt penny production in July
$481 billion, up 195 percent from the first quarter and 2026, following a March 2025 executive order. A Federal
averaging 1.18 million daily payments. A key driver was Reserve Bank of Richmond report warned this could
the February 2025 increase in transaction limits to $10 create a "rounding tax" costing consumers over $6 million
million, fueling high-value transfers like real estate deals annually, as cash transactions round to the nearest 5 or 10
and B2B payments. cents.

The average payment rose from $842 to over $4,000. More The impact could soar to nearly $56 million if nickels
than 300,000 businesses now use RTP monthly. Meanwhile, are also phased out. While producing a penny costs 3.69
the Federal Reserve's FedNow service also grew, handling cents, the Fed argued that pennies offer pricing flexibility.
over 2.1 million payments in this year's second quarter Analysis based on thousands of real consumer transactions
and raising its transaction limit to $1 million. With 1,400 found that rounding is not neutral due to skewed totals
financial institutions now participating, FedNow's average that favor rounding up. Canada, Australia and New
transaction reached $115,331. Zealand have already eliminated low-value coins.
PayPal to connect world's main
Both networks are seeing rising volume and value, driven
by account transfers, wallet defunding, gig payouts, and payment systems, digital wallets
settlements. PayPal is launching PayPal World, a global platform
Same-day payments lead ACH growth designed to unify the world's major payment systems
and digital wallets. Going live this fall, it will first enable
The ACH network processed 8.7 billion payments totaling interoperability between PayPal and Venmo. Support for
$23.3 trillion in the second quarter of 2025, up 5 percent Mercado Pago, India's UPI and China's Tenpay Global will
in volume and 7.9 percent in value year-over-year, Nacha follow. PayPal CEO Alex Chriss called it a game changer
reported. Same-day ACH played a major role, with 336.4 designed to eliminate friction in the fragmented wallet
million payments valued at $980.3 billion, a 15 percent and ecosystem.
22 percent jump, respectively.
The platform uses a cloud-native, low-latency architecture
Business-to-business transactions surged 20.6 percent, to support global, real-time payments and commerce. Over
topping 2 billion, while healthcare claim payments rose 5 billion people are expected to be using digital wallets by
nearly 10 percent. 2026, yet the system remains fragmented.

Nacha CEO Jane Larimer emphasized ACH's versatility PayPal World offers compatibility with stablecoins,
across sectors and predicted continued growth. Nacha dynamic payment buttons and emerging commerce tools,
board chair Joe Hussey noted unexpected, strong gains and could expand PayPal's reach from 400 million to 2
in same-day ACH, citing consumer demand for speed. billion users.
ACH's consistent expansion signals a strong future even
as faster options emerge in the payments ecosystem.
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most up-to-date stories,
Aiming to protect consumer choice and inclusion, U.S.
Senators John Fetterman, D-Pa., and Kevin Cramer, can’t miss events and newest
R-N.D., introduced the Payment Choice Act to ensure industry announcements.
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