The Green Sheet Online Edition
June 9, 2025 • 25:06:01
News Briefs
Genius move strengthens CCCA support <- click to read full story
Durbin and Roger Marshall moved to attach the CCCA to the GENIUS Act, a bipartisan bill regulating stablecoins.
The procedural vote advancing the GENIUS Act passed 66 to 32, paving the way for amendments like the CCCA. The act would require major credit card issuers to enable routing transactions over at least two unaffiliated networks, promoting merchant choice and potentially reducing interchange fees.
Retailers, tribal communities and bipartisan legislators expressed support for the CCCA, seeing it as a way to reduce financial strain on businesses and communities. If included, the CCCA could transform card processing economics.
New Visa program advances embedded payments <- click to read full story
Visa launched the Commercial Integrated Partners program to help financial institutions and fintechs embed payment capabilities directly into business applications.
The program provides advanced APIs and a ready-to-use ecosystem enabling seamless integration with Visa’s commercial products. One early partner, Car IQ, allows businesses to embed virtual payments for fleet operations without extensive technical development.
Visa highlighted the program’s benefits, including reduced time to market, pre-integrated fintech partners, enhanced transaction controls and enriched settlement data. Financial institutions can now offer robust payment solutions for ERP systems, expense platforms and vehicle apps, improving customer experiences and competitiveness, Visa stated.
Built on a global framework, the program is designed to ensure standardized risk, security, and compliance while enabling local customization for partners worldwide.
U.S. Payments Forum launches EMV 3DS Mini-Series <- click to read full story
The U.S. Payments Forum launched the EMV 3DS Mini-Series to educate stakeholders on the EMV 3-D Secure protocol, which enhances ecommerce transaction security. The series begins with a foundational brief explaining how EMV 3DS enables secure authentication between merchants and issuers, supporting PANs and tokens to reduce fraud, chargebacks and customer drop-off.
Despite benefits, adoption in North America lags due to concerns over added friction and technical complexity. EMV 3DS 2.x mitigates this by challenging users only when necessary.
The brief encourages adoption to support better fraud detection, regulatory alignment and international commerce readiness.
Future installments will address advanced topics like data-only flows and 3RI transactions. The series aims to equip merchants and issuers with actionable insights to strengthen online payment security.
FIS innovates to prevent POS debit card declines <- click to read full story
FIS partnered with Letskipp Ltd. (Kipp) to launch a non-sufficient funds (NSF) authorization solution that allows debit card issuers to approve low-balance transactions without charging overdraft fees. Instead, merchants can choose to pay a premium to authorize transactions, reducing declines at the POS. NSF-related declines account for an estimated $300 billion in lost revenue annually in the United States, often frustrating customers and harming loyalty.
The new solution offers issuers a way to recover lost revenue and improve cardholder experience; for merchants, it reduces abandoned purchases and increases conversion.
FIS emphasized this innovation as a key to improving financial flow between merchants and banks, while maintaining affordability and flexibility for consumers.
The solution, FIS added, supports long-term issuer and merchant success.
Green Sheet interviews ParaScript's Emiliano Giacchetti <- click to read full story
Check fraud has entered a more dangerous phase, according to ParaScript CEO Emiliano Giacchetti, who cited the rise of organized fraud rings using advanced tools. Although fewer checks are written, their average value is increasing, making each fraudulent transaction more damaging.
Financial institutions must move from volume-based to value-based risk models and adopt AI-driven tools for real-time verification, including signature and handwriting analysis, Giacchetti stated.
ParaScript’s solutions allow ATM-based fraud detection using machine-readable embedded signatures, and AI detects check washing by analyzing handwriting discrepancies and behavioral patterns.
Giacchetti recommended prioritizing fraud prevention and adopting explainable, auditable AI systems, adding that as fraud evolves, FIs must build adaptive, data-driven strategies across all channels to stay ahead of increasingly sophisticated threats. 
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