The Green Sheet Online Edition
May 11, 2026 • 26:05:01
Industry Update
ANNOUNCEMENTS
CC grants OMercury conditional approval for Mercury Bank N.A.
Mercury received conditional approval from the Office of the Comptroller of the Currency to establish Mercury Bank N.A., a national bank that would allow it to serve customers directly under federal oversight. The company, which said it serves more than 300,000 customers, will now work to meet remaining regulatory requirements and secure approvals from the Federal Deposit Insurance Corp. and the Federal Reserve. Once operational, the bank is expected to expand lending, integrate Zelle and enhance payments infrastructure, while Mercury continues operating through partner banks during the transition.
Rayls targets faster settlement, tokenized receivables
Rayls launched its public blockchain mainnet, positioning the platform as infrastructure for faster settlement and new liquidity models in payments. Built to connect private institutional networks with a public chain, Rayls enables stablecoin issuance, tokenized deposits and receivables, and near-instant transaction finality. These capabilities, Rayls pointed out, could support real-time settlement, cross-border payments and improved merchant cash flow through tokenized receivables. Already in use with financial institutions, the platform reflects growing interest in blockchain-based payment rails that align with regulated environments. For payments, potential exists for efficiency gains and new financing models, Rayls noted.
Same Day ACH per payment limit to increase
Nacha announced the Same Day ACH per-payment limit will increase to $10 million under a newly approved rule, effective Sept. 17, 2027. The change marks the third limit increase since the service launched, following previous caps of $25,000, $100,000 and $1 million. Nacha said the higher limit will support expanded use cases, including invoice and tax payments, payroll funding and merchant settlement. Same Day ACH continues to grow, with 403 million payments totaling $1.1 trillion in the first quarter of 2026, reflecting strong demand for faster payment options, Nacha noted.
Wearable Devices gains U.S. patent Notice of Allowance
The U.S. Patent and Trademark Office issued a Notice of Allowance for Wearable Devices Ltd.'s continuation patent covering gesture- and voice-controlled interface technology. The patent strengthens the company's intellectual property portfolio by incorporating biometric authentication based on combined gesture input and biological signals, Wearable Devices stated. The system uses gesture and biopotential sensors to capture neural signals, enabling personalized user verification. The technology could support secure payments, identity detection and authorization of sensitive actions. Company executives said the development strengthens its position in AI-powered wearable and human-computer interaction markets.
RESEARCH
Cannabis retail market becoming more stable, predictable
Green Check reported that 2026 cannabis sales on April 20 rose 120 percent versus a typical day and 19 percent year over year per retailer, driven by higher transaction volume rather than larger purchases. The data suggests a more stable market, with returning customers outpacing new ones by 53 percent, Green Check researchers found. Cash remained dominant at 67 percent of transactions, though usage declined slightly, while debit accounted for 21 percent. Edibles outpaced flower growth, and discounting increased but had minimal impact on margins. Compliance rates improved to 96.2 percent, indicating greater operational discipline as the industry matures and becomes more predictable, the company added.
People like personalized digital banking experiences
The online-only banking market, including federally chartered digital banks and neobanks, is rapidly growing, driven by strong customer demand for personalized digital experiences. According to JD Power, these providers are attracting customers from traditional banks and building loyalty through tailored services that help users manage and grow their finances. However, while both online banks and neobanks perform well on personalization, neobanks lag behind in customer satisfaction, particularly in service access and problem resolution. Online banks score significantly higher overall, with fewer issues related to fraud and support. The study also highlights wide performance gaps among providers, underscoring uneven quality across the market.
The Payments Association calls for revised stablecoin regulation
The Payments Association released a report examining stablecoin use cases and the UK's competitiveness in digital finance. It identifies applications in cross-border payments, merchant costs, trade finance, tokenization and AI-driven "agentic commerce." While stablecoins could significantly reduce costs and improve efficiency, the UK faces challenges, including the dominance of U.S. dollar-backed coins. TPA warned that proposed regulations, such as strict reserve requirements and holding limits, could hinder market growth. It urges a flexible framework aligned with global standards, cautioning that without changes, the UK risks losing investment and leadership in emerging financial infrastructure.
AI the top threat to CISOs
NCC Group's Q1 2026 Threat Pulse found AI emerging as the top threat to CISOs, with cyber attacks rising 22 percent month over month in March. Threat actors are rapidly adopting AI for deepfakes, social engineering and more advanced attack chains, while falling development costs accelerate misuse, researchers stated. Meanwhile, insecure AI practices, such as "vibe coding" and AI-generated passwords, are creating internal vulnerabilities. Ransomware activity remains high, with 2,112 attacks in the first quarter. Experts warned that organizations must strengthen basic security controls and treat cybersecurity as a board-level priority to address growing AI-driven risks and ensure resilience, NCC Group added.
PARTNERSHIPS
CoastalPay, Resolve Pay team up on net terms
CoastalPay and Resolve Pay partnered to enable merchants to offer embedded net terms (30, 60 or 90 days) and installment options at checkout without assuming credit risk. Resolve's AI-driven platform manages underwriting, invoicing, collections and repayment, while its non-recourse financing ensures merchants are paid upfront, converting receivables into immediate cash flow, the partners stated. The integration works with platforms such as Shopify, BigCommerce and NetSuite. Early users reported improved efficiency and customer experience, they added, noting their collaboration reflects growing demand for flexible, embedded B2B payment options.
CPI, Street Charity to address food insecurity
CPI Card Group is partnering with Street Charity to support its nationwide effort to address food insecurity using fintech-enabled prepaid cards. CPI is donating 25,000 paper prepaid cards and funding to aid distribution. The nonprofit Street Charity will provide $5 prepaid cards redeemable at quick-serve restaurants, allowing recipients to access meals with dignity. CPI is also helping shift from plastic to single-use paper cards, stating this improves sustainability and scalability. In addition, the partnership aims to enhance fulfillment capabilities for nonprofits and donors, supporting broader access to meals while aligning with environmentally conscious payment solutions.
Finastra, Nammu21 aim to cut loan onboarding time
Finastra and Nammu21 are collaborating to automate credit document processing in lending. Nammu21's technology integrated with Finastra's Loan IQ platform converts complex credit agreements into structured digital data, eliminating manual interpretation and entry, the partners said. The solution improves accuracy, accelerates loan onboarding and enhances data consistency across the loan lifecycle, they added, noting that lenders benefit from more efficient operations and scalability, while borrowers gain faster processing and greater transparency. By reducing operational friction, the partnership is positioned to address a longstanding industry challenge and enable institutions to focus more on lending decisions rather than administrative tasks.
OroCommerce, Blue Yonder collaborate for B2B needs
OroCommerce and Blue Yonder formed a strategic partnership to deliver an integrated B2B commerce and supply chain solution. The collaboration connects OroCommerce's AI-enabled storefront with Blue Yonder's order management and fulfillment capabilities, giving manufacturers and distributors real-time visibility into pricing, inventory and delivery. The combined platform aims to eliminate common issues such as pricing discrepancies, back orders and limited shipment visibility. By synchronizing front-end commerce with back-end operations, the solution supports complex, high-volume orders and seasonal demand, the partners stated, adding that the integration, which is available now, is designed for flexible deployment within existing systems.
ParaScript, ABBYY to deliver end-to-end document intelligence
ParaScript formed an alliance with ABBYY to deliver a unified document intelligence solution combining OCR, intelligent document processing and advanced handwriting recognition. The integration enhances accuracy, reduces manual review and strengthens fraud detection across high-volume workflows. Designed for industries such as banking, financial services and healthcare, the solution supports use cases including check processing, loan documentation and identity verification. By integrating with ABBYY's platforms, including FlexiCapture and Vantage, the alliance can enable faster deployment and improved automation without requiring system replacement, helping organizations streamline and improve data extraction and decision-making.
Vibe, MiCamp target independent retailers
Vibe Retail partnered with MiCamp Solutions to expand distribution of its POS platform for independent retailers. Under the agreement, MiCamp will serve as an authorized ISO, combining its payment processing network and merchant reach with Vibe's retail operating system. The partnership enables small and midsize merchants to access enterprise-level POS technology with no upfront cost, including tools for inventory, customer engagement and payments, the partners stated. Leveraging MiCamp's network of agents and 60,000 merchants, the companies aim to broaden adoption nationwide. The rollout is underway, reflecting demand for modern, integrated retail solutions tailored to independent businesses, they added.
ACQUISITIONS
Adyen to acquire Talon.One
Adyen has agreed to acquire Berlin-based loyalty and incentives platform Talon.One for about $810 million in cash, marking the Dutch payments company's first-ever acquisition. Talon.One provides enterprise software for loyalty programs, promotions and incentive management, serving more than 300 global merchants. The deal is expected to close in the second half of 2026, pending regulatory approvals. Adyen said the acquisition will help unify payments with promotions and customer data, enabling real-time, cross-channel decisioning. Talon.One is projected to generate about $65 million in annual recurring revenue, and its founders plan to reinvest in Adyen shares.
PointsKash acquires Keating's rewards program
PointsKash acquired Keating Software's rewards program platform in a cash-and-stock deal, bringing key intellectual property in-house and expanding its fintech capabilities. The technology will be integrated into PointsKash's mobile app and backend systems, enabling customizable, gamified rewards, white-label deployments, and advanced analytics across payment networks. The acquisition supports new revenue streams, including enterprise licensing and merchant-funded rewards, while increasing transaction volume. By adding recurring, infrastructure-based revenue, PointsKash aims to enhance scalability and diversification. The move aligns with its strategy to build a unified ecosystem combining payments, rewards and digital financial services.
APPOINTMENTS
Ben Agnew stepping down at TPA
Ben Agnew is stepping down as CEO of The Payments Association following a period of significant growth and transformation. During his tenure, Agnew helped establish the organization as a leading global payments community, tripling revenue and membership while expanding its influence in policy and industry engagement, TPA said. Agnew also played a key role in securing growth investment from Nineteen Group in 2025. With a strong foundation now in place, leadership will transition as the organization enters its next phase of development and international expansion, the association added.
Deluxe taps Paul R. Garcia
Paul R. Garcia was elected independent chair of the board at Deluxe, succeeding Cheryl Mayberry McKissack. A board member since 2020, Garcia brings decades of leadership experience in the payments industry to the company. He served as chairman and CEO of Global Payments Inc. from 1999 to 2014 and earlier led NaBanco. Garcia also serves on the boards of UnitedHealth Group and Repay Holdings and has held director roles at several major companies, including Mastercard and Truist Financial, underscoring his extensive governance and industry expertise.
PayNearMe appoints Niall Hayes
Niall Hayes joined PayNearMe as chief development officer and executive vice president of engineering, bringing to the company more than 25 years of experience leading large-scale technology teams. Hayes will oversee software development, infrastructure, data, security and enterprise implementations, with a focus on scaling payments infrastructure and advancing AI-driven innovation. He most recently served as senior vice president of engineering at Twilio, where he managed high-volume messaging and communications systems. Positioning him to drive platform growth and reliability, his prior roles include COO at Pantheon and leadership positions at Zynga and Electronic Arts.
Shana Hennigan signs on with SRM
Shana Hennigan joined SRM as executive vice president of client strategy, bringing more than 20 years of experience advising banks and fintechs on deposit growth, liquidity, funding and digital transformation. Hennigan has held leadership roles at Bank of America Merrill Lynch, IntraFi and Safened, and most recently served as chief business officer at Raisin US, where she built and scaled a digital deposit platform. Known for translating complex needs into actionable strategies, she will help drive growth initiatives and deepen relationships with financial institution clients. 
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