Stablecoin Usage Surges After GENIUS Act Passage
Total stablecoin transactions reached $10 billion in August, up from $6 billion in February. In July, the United States passed the GENIUS act, a bipartisan bill establishing a federal framework for the issuance, trading, and custody of stablecoins. The legislation set off a flurry of new stablecoin launches from leading financial services firms, as well […]
T-Mobile Closes Autopay Loophole for Credit Cards
For most merchants, getting customers to enroll in an autopay program is a highly desired outcome. But T-Mobile’s recent move to close a credit card payment loophole for its autopay customers signals there may be an even bigger ambition at play: avoiding interchange fees. T-Mobile has long offered a $5 monthly discount to customers enrolled […]
Why Alternative Payment Methods Are No Longer “Alternative”
Different payment methods have gained popularity in different parts of the world. For example, buy now, pay later is widely used in Australia and the Nordics, while account-to-account payments lead the way in the Netherlands and Brazil. As commerce becomes increasingly globalized, merchants everywhere must adapt to these local payment preferences—or risk losing customers. In […]