News From the Wire

16:52:08 (UTC) 05-22-2026

AU10TIX joins Booking.com, TransUnion, LSEG at Money20/20 Europe

16:49:31 (UTC) 05-22-2026

Panel to support Brazil's blockchain yalent ecosystem

16:46:30 (UTC) 05-22-2026

Truist to speak at the Morgan Stanley U.S. Financials Conference

16:39:17 (UTC) 05-22-2026

Achieve earns top ranking for personal loan customer satisfaction from LendingTree

16:36:58 (UTC) 05-22-2026

Squid raises $6M to expand consumer product offering on cross-chain infrastructure

16:34:53 (UTC) 05-22-2026

The Conference Board Leading Economic Index® for the US inched up in April

16:33:12 (UTC) 05-22-2026

MoonPay Gateway adds Hyperliquid, connects fiat to decentralized ecosystem

16:26:40 (UTC) 05-22-2026

Riverside builds Cryptomathic with TrustSkills add-on



Breaking News

Friday, May 22, 2026

Fed advances 'skinny' payment account proposal

The Federal Reserve Board voted to seek public comment on a scheme that would allow direct access to the payment rails it operates by non-bank financial institutions such as financial technology and crypto firms. Currently, these firm have had to partner with third parties (notably federally insured financial institutions) that have full-fledged access to the Fed's payment rails through what are called "master accounts."

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Online Edition – Issue 26:05:01

Combatting fraud in the age of AI

Cyber-enabled crimes defrauded Americans of nearly $21 billion in 2025, with cryptocurrency and artificial intelligence-related complaints among the costliest, according to the latest data from the FBI. The bureau reported that AI accounted for 22,364 complaints it received last year, costing Americans nearly $893 million.

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Our flipbook edition

Merchant Sales Podcast

Merchant Sales Podcast

James Shephard & Patti Murphy

May 16th, 2026

How Does Payment Processing Work?

In this replay episode of the Merchant Sales Podcast, James Shepherd revisits one of our foundational conversations: What is payment processing? James delivers a straightforward, easy-to-understand explanation of how credit card processing works, covering the basics of authorization and settlement, along with the roles of processors, acquirers, and merchant accounts.

Whether you're new to payments or just need a refresher, this episode is a great starting point for understanding the moving parts behind every transaction and how they connect to merchant sales. To hear this week’s latest edition of Today in Payments with Patti Murphy, be sure to tune into the audio version of the podcast.

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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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