News From the Wire

13:44:25 (UTC) 06-03-2026

Sezzle expands super app platform following strong 1Q26 results

13:41:37 (UTC) 06-03-2026

XFolio AI acquires Absolute Payment Solutions

13:39:11 (UTC) 06-03-2026

XTransfer partners with BBVA

13:36:01 (UTC) 06-03-2026

SRM outlines forces driving unparalleled growth in M&A activity, offers strategies for FIs

13:33:47 (UTC) 06-03-2026

Klarna, Ulta Beauty to bring flexible payments to U.S. beauty shoppers

13:31:31 (UTC) 06-03-2026

Checkout.com scales stablecoin settlement for US merchants, partners with Fireblocks

13:23:54 (UTC) 06-03-2026

Paymentology launches Lume to accelerate growth for fintechs, banks

13:17:44 (UTC) 06-03-2026

i3 Verticals to participate in June 2026 investor conferences



Breaking News

Tuesday, June 2, 2026

Federal ruling gives national banks win in Illinois interchange case

A federal district court judge in Chicago dealt a blow to an Illinois law that would prohibit interchange assessments on the tax and tip portions of card transactions. The ruling, by Virginia Kendall, chief justice of U.S. District Court for the Northern District of Illinois, permanently enjoined the state from enforcing the law against national banks, out-of-state state-chartered banks, federal savings associations and payment networks.

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Online Edition – Issue 26:05:02

The litigious nature of interchange

Litigation over interchange continues, seemingly unabated. With merchant gripes taking years, in some cases decades, to play out in the courts, some are turning to the states for legislative relief.

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Our flipbook edition

Merchant Sales Podcast

Merchant Sales Podcast

James Shephard & Patti Murphy

June 1st, 2026

How Tap on Phone Is Changing Merchant Payments External Inbox

Tap on Phone has been one of the most talked-about innovations in payments, but many agents still aren't offering it to merchants. In this episode of the Merchant Sales Podcast, James sits down with Vlad Sadovskiy, CEO of Netevia, to discuss why Tap on Phone is gaining momentum, the challenges behind bringing it to market, and how ISOs can use it to compete more effectively in a Square-dominated segment.

They explore real-world use cases for salons, field service businesses, events, and mobile merchants, along with instant onboarding, funding innovations, and the growing importance of creating a seamless merchant experience across devices. Plus, Patti Murphy's Today in Payments segment covers fintech access to payment rails, stablecoin developments, fraud prevention initiatives, Mastercard's latest merchant risk tools, and new same-store sales data from across the economy.

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Company profile from GS260401

Meet the dual-pricing originators

Established in 1989, incorporated in 1991 and reincorporated in 2004, MBNCARD continues to grow and expand, led by original founder and owner, Jerry Cain. Guided by his vision to balance quality with affordability, driven by customer service, MBN is now seen as the gold standard in merchant card services and payment processing solutions. 

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