Digital Transactions Authoritative, insightful and timely information for payments professionals
With action Tuesday by the U.S. Senate to pass the GENIUS Act, the move to establish rules that would govern the burgeoning stablecoin industry now transits to the U.S. House of Representatives, where lawmakers have developed their own set of rules, the STABLE Act. Meanwhile, stablecoin-market participants are looking to the …
June, 2025
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19 June
LendingClub’s New Debit Card and other Digital Transactions News briefs from 6/19/25
LendingClub Corp. said its LendingClub Bank unit introduced LevelUp Checking, which includes a debit card. LendingClub specializes in personal loans. LevelUp Checking users with one of these personal loans could receive up to 2% of their monthly payment in cash back when making on-time payments from the checking account. HungerRush, a …
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17 June
U.S. Consumers Embrace Digital Remittances, According to Visa Research
Some 55% of remittance-sending consumers expect to send more or the same amount of money overseas in 2025, says Visa Inc.’s “2025 Digital Remittances Adoption Report.” In 2024, global remittances totaled $905 billion, up from $865 billion in 2023, according to the World Bank, a 4.6% increase. In the United …
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17 June
NFC Range up 4X and other Digital Transactions News briefs from 6/17/25
The NFC Forum, a global standards body for near-field communication technology, issued Release 15, which extends the range of certified compliant NFC contactless connections up to 2 centimeters, four times greater than the current standard 0.5 centimeters. Some 97% of decision-makers in the hospitality industry said they are confident about …
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16 June
Comerica Bank Adopts RTP’s OBO and other Digital Transactions News briefs from 6/16/25
Comerica Bank said it will be an early adopter of On-Behalf-Of-Payments (OBO) on The Clearing House Payments Co.’s RTP network, a real-time payments platform. OBO payments are originated by a sender acting on behalf of another person. SpotOn, a processor specializing in point-of-sale payments for restaurants, announced GoTo Place, a mobile-first …
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13 June
Stablecoins Get a Boost As Walmart And Amazon Look to Adopt Them
Stablecoins are starting to move beyond niche status. Both Walmart Inc. and Amazon.com Inc. are investigating whether to issue the digital currency in the U.S. market, The Wall Street Journal reported early Friday. Details are sketchy. Neither megamerchant responded to queries about the matter from Digital Transactions News. It also …
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11 June
BofA’s RTP Values Take Off and other Digital Transactions News briefs from 6/11/25
In the first six weeks after The Clearing House Payments Co. LLC on Feb. 9 raised its real-time payments transaction limit from $1 million to $10 million, transactions of more than $1 million accounted for more than half the value of all real-time payments processed at Bank of America Corp., one of …
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9 June
Cross River Bank Adds Request for Payment on RTP
Plaid Inc., the open-banking technology provider, will be the first Cross River Bank client to enable a much-desired request-for-payment function for real-time payments, Cross River announced Monday. As part of The Clearing House Payments Co. LLC’s RTP network, request for payment allows businesses to send a secure request for payment, …
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6 June
‘Buy Now, Pay Never’ Debuts for Crypto, While Circle Soars on Wall Street
As cryptocurrency such as stablecoins inch toward mainstream acceptance, some platforms are starting to adapt slogans borrowed from the established world of payments. In the latest example, a new San Francisco-based company called NeverPay announced early Friday a program called Buy Now, Pay Never, which it says will let users …
May, 2025
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30 May
Congress Mulls a Tax on Cross Border Remittances
Several organizations representing the payments industry sent a letter to Congress late Wednesday urging lawmakers not to pass legislation that will tax cross-border remittances originated in the United States and will require money transmitters to gather identity and citizenship verification data from the sender. The bill has advanced to the …
