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NewsBriefs

This article contains summaries of news stories recently posted under With a transaction fee of 0.99 percent, PayPal claims
Breaking Industry News on our homepage. For links to these and other merchants can cut cross-border payment costs by up
full news stories, please visit www.greensheet.com/breakingnews.php. to 90 percent compared to traditional credit card fees.
Merchants can also hold proceeds in PayPal's stablecoin
PYUSD, earning 4 percent rewards. Positioned as part
of PayPal's broader crypto strategy, the rollout builds on
partnerships such as its June 2025 agreement with Fiserv
and the July launch of PayPal World. The company said
Pay with Crypto unlocks global growth opportunities.
New U.S. Payments Forum resources aim
to strengthen mobile, contactless security

The U.S. Payments Forum introduced two new resources
Toast ups the ante with new handheld POS to strengthen digital payment security. The white paper
Leading Practices for Securing Mobile and Contactless Payments
Toast launched the Toast Go 3, a rugged next-gen handheld offers actionable guidance on tokenization, biometrics,
POS built for hospitality environments extending beyond secure provisioning, fraud management and account
fixed Wi-Fi, such as patios, curbside and festivals. Lighter takeover prevention. In addition, the forum released a
and longer lasting than its predecessor, it features built-in series of EMV 3-D Secure Resource Briefs, highlighting
cellular connectivity, over 24 hours of battery life, integrated benefits, use cases and adoption challenges of the
ticket printing, and ToastIQ tools like upsell prompts, shift authentication protocol for card-not-present transactions.
dashboards and guest-specific recommendations.
Developed by cross-industry committees, these resources
Toast positions the device as a hospitality-first tool designed aim to equip issuers, merchants, processors and acquirers
to increase revenue and service efficiency. Competitors with practical tools to mitigate fraud. They build on the
are also refining their models: Shift4 highlights stronger forum's broader mission under the Secure Technology
unit economics and vertical diversity; Clover appeals to Alliance to advance collaboration, education and secure
smaller or fine-dining operators with flexible hardware payment technology adoption.
and pricing; Square attracts mobile-first businesses like Merchants win latest skirmish
food trucks; and Upserve/Lightspeed differentiates with
analytics and loyalty tools. over debit interchange
Fiserv in the hot seat A federal judge's ruling in North Dakota may force the
Federal Reserve Board to restart its work on capping
Fiserv and several former executives are facing a class debit card interchange fees. Justice Daniel M. Trayner
action lawsuit filed in New York federal court by the determined the Fed misapplied the Durbin Amendment
City of Hollywood Police Officers' Retirement System when it set Regulation II's cap at 21 cents plus 5 basis
and others, alleging the company misled investors by points and fraud-prevention costs, ruling the cap should
inflating growth numbers for its Clover POS platform. The be much lower.
complaint claims that between late 2023 and mid-2024,
Fiserv forcibly migrated as many as 200,000 merchants The case, brought by truck stop operator Corner Post, was
from its older Payeezy system to Clover, boosting revenue allowed after the Supreme Court decided the statute of
and gross payment volume while representing the growth limitations began only when the business was harmed.
as organic. Trayner faulted the Fed for including prohibited costs
such as network fees and fraud losses, stressing Congress
Plaintiffs argue this created a misleading picture of did not grant unlimited discretion. Merchant groups
Clover's sustainability, particularly after Fiserv projected welcomed the decision; banks warned it could undermine
continued expansion driven largely by new merchant sign- payment system investments. The Fed is expected to
ups. When growth slowed in 2025, stock value declined, appeal.
causing investor losses. Fiserv said it will vigorously
defend itself.
PayPal moves to mainstream crypto payments

PayPal is launching Pay with Crypto, a cross-border Also find us on Facebook,
payment solution designed to reduce costs and simplify LinkedIn & Twitter for the
international commerce. The platform supports more than
100 cryptocurrencies and wallets, including Coinbase, most up-to-date stories,
MetaMask and Binance, while offering instant conversion can’t miss events and newest
to stablecoins or fiat currency. industry announcements.
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