The Green Sheet Online Edition
October 12, 2026 • 26:10:01
News Briefs
MC, AppZen spurring B2B payments growth through AI <- click to read full story
Mastercard and AppZen independently introduced AI-powered tools to help businesses manage commercial card spending and improve payment visibility. Mastercard Advanced B2B Analytics helps issuers and corporate customers identify supplier payment opportunities, streamline procurement and expand card acceptance by turning accounts payable data into actionable insights.
AppZen's Autonomous Cards uses AI agents to monitor transactions across purchasing, virtual, fleet and other commercial card programs, enforce policies, gather missing information and resolve routine exceptions.
U.S. commercial card spending reached $2.23 trillion in 2024, up 4.5 percent from 2023, according to the Nilson Report, but represents a small portion of the estimated $80 trillion B2B payments opportunity identified by Mastercard. Both offerings aim to reduce administrative burdens, strengthen financial controls and help businesses expand card usage without adding operational complexity or risk.
Corpay agrees to $100 million FTC settlement <- click to read full story
Corpay, formerly FleetCor, and CEO Ronald Clarke agreed to pay $100 million to settle a Federal Trade Commission action alleging deceptive practices involving fuel cards marketed to small businesses. The FTC accused the company of imposing hundreds of millions of dollars in hidden or unauthorized fees, misrepresenting fuel savings and charging improper late fees. A federal district court ruled in the FTC's favor in 2023, and an appeals court largely upheld that decision.
The settlement funds will provide restitution to affected businesses. A permanent injunction restricts deceptive claims and unauthorized billing practices.
The agreement follows recent FTC settlements with payment processors Humboldt Merchant Services, which agreed to pay $12 million, and Nuvei, which agreed to pay $4.85 million over allegations involving deceptive merchant activity.
TSG names top payment gateway APIs for 2026 <- click to read full story
TSG recognized Adyen, Elavon, Global Payments, JPMorgan Chase, North and Nuvei in its 2026 API Best of Breed awards, highlighting the growing importance of developer experience in payment gateway performance. Adyen earned Best Overall API, while JPMorgan Chase won API Excellence & Innovation and Best Dev Stack. Global Payments received awards for Best Developer Experience and Best Emerging Technology. Nuvei was recognized for Fraud Prevention & Risk Decisioning, and Elavon for Best B2B API.
The awards, which coincide this year with TSG's 20th anniversary, draw on TSG's annual API Best of Breed Report, which evaluates documentation, security, onboarding, development tools, testing resources and emerging technologies. TSG emphasized the role of AI in simplifying integrations and noted that efficient developer experiences can accelerate merchant launches and strengthen payment partnerships.
Apple Pay fee lawsuit gains class-action status <- click to read full story
A federal judge certified a class of U.S. card issuers in an antitrust lawsuit challenging Apple's fees for transactions made through Apple Pay. The ruling allows the case, Affinity Credit Union v Apple Inc., to proceed on behalf of banks and credit unions that paid the fees.
Plaintiffs allege Apple restricted competing mobile wallets' access to iPhone NFC technology, enabling it to charge issuers 0.15 percent on credit transactions and 0.5 cents on debit transactions. They estimate the fees cost financial institutions at least $1 billion annually and seek damages and changes to Apple's policies. Apple disputes the allegations. The ruling does not establish antitrust violations but expands the litigation beyond the three credit unions that originally brought the case.
Credit unions get reprieve from Illinois interchange law <- click to read full story
A federal judge recently ruled that federally chartered credit unions are exempt from the Illinois Interchange Fee Prohibition Act, further narrowing the law's reach. Enacted in 2024, the IFPA prohibits interchange fees on portions of card transactions attributable to sales taxes and gratuities. Earlier rulings exempted national banks, federal savings associations, certain out-of-state banks and payment card networks.
The latest decision followed a National Credit Union Administration rule asserting federal preemption over state restrictions on federal credit union fees. Illinois-chartered financial institutions remain among those subject to the law. Originally scheduled to take effect July 1, 2026, implementation was postponed until July 1, 2027. Banking and credit union trade groups welcomed the ruling and urged lawmakers to repeal the measure. 
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