{ "jurisdiction_id": "US-NC", "jurisdiction": "United States – North Carolina", "url": "https://payments.gi/jurisdictions/united-states-north-carolina/", "generator": "render_jid v13.3.0", "date_modified": "2026-08-11", "schema_version": "world-payments-v1", "counts": { "modules": 14, "sourced_findings": 64, "source_register": 138 }, "modules": [ { "code": "W1a", "name": "Licensing, Authorisation & Market Access", "confidence": "Confirmed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-north-carolina/#w1a-licensing-authorisation-market-access", "standing_position": "North Carolina regulates money transmission (including stored value and virtual currency transmission) under the North Carolina Money Transmitters Act (NCGS Chapter 53, Article 16B), administered by NCCOB via NMLS; tiered net worth, surety bond, and permissible-investment requirements scale with volume.", "findings": [ { "finding": null, "instrument_type": "State statute (NCGS Ch.53 Art.16B, 'North Carolina Money Transmitters Act')", "source": "https://www.ncleg.net/EnactedLegislation/Statutes/PDF/ByArticle/Chapter_53/Article_16B.pdf", "source_url": "https://www.ncleg.net/EnactedLegislation/Statutes/PDF/ByArticle/Chapter_53/Article_16B.pdf", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "Regulator licensing guidance", "source": "https://nccob.nc.gov/financial-institutions/money-transmitters/money-transmitters-licensing-information", "source_url": "https://law.justia.com/codes/north-carolina/chapter-53/article-16b/section-53-208-44/", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "Surety bond / net worth requirement", "source": "https://www.bondexchange.com/north-carolina-money-transmitter-bond-a-comprehensive-guide/", "source_url": "https://nccob.nc.gov/financial-institutions/money-transmitters/money-transmitter-frequently-asked-questions", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "Statutory exemption (NCGS §53-208.44)", "source": "https://law.justia.com/codes/north-carolina/chapter-53/article-16b/section-53-208-44/", "source_url": "https://nccob.nc.gov/financial-institutions/money-transmitters/money-transmitter-frequently-asked-questions", "source_tier": "2", "retrieved_at": null }, { "finding": null, "instrument_type": "Regulator guidance (virtual currency kiosks)", "source": "https://nccob.nc.gov/financial-institutions/money-transmitters/money-transmitter-frequently-asked-questions", "source_url": "https://nccob.nc.gov/financial-institutions/money-transmitters/money-transmitter-frequently-asked-questions", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "Legislative summary (enactment of Art.16B, 2015-2016)", "source": "https://lrs.sog.unc.edu/bill/nc-money-transmitters-act-ab-0", "source_url": "https://nccob.nc.gov/financial-institutions/money-transmitters/money-transmitter-frequently-asked-questions", "source_tier": "2", "retrieved_at": null } ] }, { "code": "W1b", "name": "Conduct, Safeguarding & Financial Promotions", "confidence": "Confirmed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-north-carolina/#w1b-conduct-safeguarding-financial-promotions", "standing_position": "Safeguarding rests on a statutory permissible-investments/trust mechanism plus bond/net-worth backstops; conduct is policed principally via the state's UDTPA (Ch.75) with parallel AG/NCCOB enforcement authority.", "findings": [ { "finding": null, "instrument_type": "Safeguarding mechanism (permissible investments held in trust)", "source": "https://www.ncleg.net/EnactedLegislation/Statutes/PDF/ByArticle/Chapter_53/Article_16B.pdf", "source_url": "https://www.ncleg.net/EnactedLegislation/Statutes/PDF/ByArticle/Chapter_53/Article_16B.pdf", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "Prudential reporting requirement", "source": "https://nccob.nc.gov/financial-institutions/money-transmitters/money-transmitter-frequently-asked-questions", "source_url": "https://legalclarity.org/north-carolina-consumer-protection-laws-overview-and-violations/", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "Conduct/consumer-protection statute (UDTPA, NCGS Ch.75)", "source": "https://legalclarity.org/north-carolina-consumer-protection-laws-overview-and-violations/", "source_url": "https://legalclarity.org/north-carolina-consumer-protection-laws-overview-and-violations/", "source_tier": "4", "retrieved_at": null }, { "finding": null, "instrument_type": "AG enforcement posture", "source": "https://www.kelleydrye.com/viewpoints/blogs/ad-law-access/state-ags-and-consumer-protection-what-we-learned-from-north-carolina", "source_url": "https://legalclarity.org/north-carolina-consumer-protection-laws-overview-and-violations/", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "Consumer disclosure requirement", "source": "https://nccob.nc.gov/financial-institutions/money-transmitters/money-transmitter-frequently-asked-questions", "source_url": "https://legalclarity.org/north-carolina-consumer-protection-laws-overview-and-violations/", "source_tier": "1", "retrieved_at": null } ] }, { "code": "W2", "name": "Stablecoins & Digital Money", "confidence": "Assessed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-north-carolina/#w2-stablecoins-digital-money", "standing_position": "NC has no enacted stablecoin-issuer licensing regime; HB1029 passed the House 115-0 and is pending in the Senate as of July 2026 (not enacted); NC enacted a state-level CBDC prohibition (SL2024-48/HB690).", "findings": [ { "finding": null, "instrument_type": "Proposed instrument (HB 1029, NC Digital Asset and Stablecoin Act) — CAUTION: not yet enacted", "source": "https://nsjonline.com/article/2026/05/stablecoin-bill-moving-through-the-nc-house/", "source_url": "https://blackchronicle.com/southeast/north-carolina/cryptocurrency-banking-stablecoins-regulation-proposed/", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "Proposed instrument detail — CAUTION: not yet enacted", "source": "https://blackchronicle.com/southeast/north-carolina/cryptocurrency-banking-stablecoins-regulation-proposed/", "source_url": "https://www.ncleg.gov/EnactedLegislation/SessionLaws/PDF/2023-2024/SL2024-48.pdf", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "Enacted statute (SL 2024-48 / HB 690, No CBDC Payments to the State Act)", "source": "https://www.ncleg.gov/EnactedLegislation/SessionLaws/PDF/2023-2024/SL2024-48.pdf", "source_url": "https://www.ncleg.gov/EnactedLegislation/SessionLaws/PDF/2023-2024/SL2024-48.pdf", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "Legislative history", "source": "https://cryptoforinnovation.org/north-carolina-vies-for-crypto-leadership-among-us-states/", "source_url": "https://www.ncleg.gov/EnactedLegislation/SessionLaws/PDF/2023-2024/SL2024-48.pdf", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "Existing regulatory treatment of virtual currency under the MTA", "source": "https://nccob.nc.gov/financial-institutions/money-transmitters/mt-digital-platform-transaction-reporting/open", "source_url": "https://www.ncleg.gov/EnactedLegislation/SessionLaws/PDF/2023-2024/SL2024-48.pdf", "source_tier": "1", "retrieved_at": null } ] }, { "code": "W3", "name": "Operational Resilience & Critical Infrastructure", "confidence": "High", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-north-carolina/#w3-operational-resilience-critical-infrastructure", "standing_position": "NC has no payments-specific operational-resilience regime akin to DORA; resilience flows from the ITPA breach law, federal GLBA safeguards, and CIRCIA critical-infrastructure reporting, layered on NCCOB's own breach intake.", "findings": [ { "finding": null, "instrument_type": "State breach-notification statute (NCGS §75-61 et seq., Identity Theft Protection Act)", "source": "https://www.dwt.com/gcp/states/north-carolina", "source_url": "https://www.dwt.com/gcp/states/north-carolina", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "Regulator-specific breach reporting (NCCOB, Title 4 Ch.3M §.0402)", "source": "https://nccob.nc.gov/mortgage-security-breaches", "source_url": "https://nccob.nc.gov/mortgage-security-breaches", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "Federal safeguards overlay (GLBA; CIRCIA)", "source": "https://pivitstrategy.com/north-carolina-cybersecurity-laws-you-should-know-2026/", "source_url": "https://nccob.nc.gov/mortgage-security-breaches", "source_tier": "4", "retrieved_at": null }, { "finding": null, "instrument_type": "AG enforcement/consumer-notice posture", "source": "https://ncdoj.gov/attorney-general-jeff-jackson-reminds-north-carolinians-to-protect-their-information-after-recent-data-breach/", "source_url": "https://nccob.nc.gov/mortgage-security-breaches", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "Federal resilience infrastructure (Sheltered Harbor; FBIIC)", "source": "https://ncua.gov/news/publication-search/cybersecurity/2025-cybersecurity-and-credit-union-system-resilience-report", "source_url": "https://nccob.nc.gov/mortgage-security-breaches", "source_tier": "1", "retrieved_at": null } ] }, { "code": "W4", "name": "Scheme & Network Compliance", "confidence": "Assessed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-north-carolina/#w4-scheme-network-compliance", "standing_position": "NC currently has no state-specific surcharge cap; surcharging defers to card-network limits. HB13 (2025-26 session), which would cap surcharges and impose disclosure/civil-penalty requirements, is pending in the House Rules Committee (re-referred Sept 23, 2025); not confirmed to have advanced through Finance Committee.", "findings": [ { "finding": null, "instrument_type": "Current state posture (no state cap; card-network rules govern)", "source": "https://www.getnickel.com/surcharge-laws/north-carolina", "source_url": "https://legiscan.com/NC/text/H13/id/3087928", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "Pending instrument (HB 13, Charges for Payments by Credit or Debit Card) — CAUTION: not yet enacted", "source": "https://ncbankers.org/2025/09/24/fees-that-merchants-may-charge-consumers-for-card-payments/", "source_url": "https://www.getnickel.com/surcharge-laws/north-carolina", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "Bill text (HB 13) — CAUTION: proposed, not enacted", "source": "https://www.ncleg.gov/Sessions/2025/Bills/House/PDF/H13v1.pdf", "source_url": "https://www.getnickel.com/surcharge-laws/north-carolina", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "Legislative history of prior surcharge-restriction attempts", "source": "https://merchantcostconsulting.com/lower-credit-card-processing-fees/north-carolina-surcharge-laws/", "source_url": "https://www.getnickel.com/surcharge-laws/north-carolina", "source_tier": "4", "retrieved_at": null } ] }, { "code": "W5", "name": "Payment Corridor Dynamics", "confidence": "Assessed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-north-carolina/#w5-payment-corridor-dynamics", "standing_position": "NC's principal corridor dynamic is outbound remittance to Latin America served by Latino-focused credit unions, layered on a domestic shift toward FedNow/RTP instant-payments adoption.", "findings": [ { "finding": null, "instrument_type": "Remittance-corridor demand driver (demographic)", "source": "https://www.ncanchor.org/anchor/latino-immigration", "source_url": "https://www.ncanchor.org/anchor/latino-immigration", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "Remittance-corridor service provider", "source": "https://obamawhitehouse.archives.gov/blog/2013/06/04/building-wealth-immigrant-communities", "source_url": "https://www.apiture.com/apiture-launches-real-time-payments-for-community-banks-and-credit-unions/", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "Domestic instant-payments corridor build-out", "source": "https://www.apiture.com/apiture-launches-real-time-payments-for-community-banks-and-credit-unions/", "source_url": "https://www.apiture.com/apiture-launches-real-time-payments-for-community-banks-and-credit-unions/", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "FedNow participation (NC institution)", "source": "https://www.frbservices.org/financial-services/fednow/industry-stories/real-talk", "source_url": "https://www.apiture.com/apiture-launches-real-time-payments-for-community-banks-and-credit-unions/", "source_tier": "1", "retrieved_at": null } ] }, { "code": "W6", "name": "Industry Structure & Commercial Dynamics", "confidence": "High", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-north-carolina/#w6-industry-structure-commercial-dynamics", "standing_position": "Charlotte is a top-tier US banking hub anchored by Truist and Bank of America, around which a substantial fintech/payments ecosystem has grown, drawing ~$1.4bn in 2025 venture funding.", "findings": [ { "finding": null, "instrument_type": "Market structure (bank scale/scope)", "source": "https://media.truist.com/fast-facts", "source_url": "https://www.sec.gov/Archives/edgar/data/0000092230/000119312526270320/d118981dex991.htm", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "Private-company/VC market-structure signal", "source": "https://www.ellty.com/blog/charlotte-investors", "source_url": "https://www.ellty.com/blog/charlotte-investors", "source_tier": "4", "retrieved_at": null }, { "finding": null, "instrument_type": "Private-company payments market maturity signal", "source": "https://www.paymentsdive.com/news/avidxchange-tpg-corpay-accounts-payable-payments/747520/", "source_url": "https://www.ellty.com/blog/charlotte-investors", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "Bank formation/market history", "source": "https://en.wikipedia.org/wiki/Truist", "source_url": "https://www.ellty.com/blog/charlotte-investors", "source_tier": "4", "retrieved_at": null } ] }, { "code": "W7", "name": "Legal & Litigation", "confidence": "High", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-north-carolina/#w7-legal-litigation", "standing_position": "NC payments-adjacent litigation/enforcement runs via NCCOB's public enforcement register and the state's UDTPA; no landmark payments-specific court ruling identified.", "findings": [ { "finding": null, "instrument_type": "Regulator enforcement register", "source": "https://nccob.nc.gov/consumer-information/enforcement-actions", "source_url": "https://nccob.nc.gov/consumer-information/enforcement-actions", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "Regulator consumer-warning notice", "source": "https://www.nccob.org/Public/financialinstitutions/mt/moneytransmittersmain.aspx", "source_url": "https://nccob.nc.gov/consumer-information/enforcement-actions", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "Private litigation vehicle (UDTPA, Ch.75)", "source": "https://legalclarity.org/north-carolina-consumer-protection-laws-overview-and-violations/", "source_url": "https://nccob.nc.gov/consumer-information/enforcement-actions", "source_tier": "4", "retrieved_at": null }, { "finding": null, "instrument_type": "AG enforcement mechanism (CIDs, MFN clauses)", "source": "https://www.kelleydrye.com/viewpoints/blogs/ad-law-access/state-ags-and-consumer-protection-what-we-learned-from-north-carolina", "source_url": "https://nccob.nc.gov/consumer-information/enforcement-actions", "source_tier": "3", "retrieved_at": null } ] }, { "code": "W8", "name": "Merchant Acquiring & Risk", "confidence": "Assessed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-north-carolina/#w8-merchant-acquiring-risk", "standing_position": "NC has no state-specific merchant-acquiring/chargeback/high-risk-MCC statute; acquiring operates under federal/card-network rules layered on the emerging HB13 surcharge-disclosure regime, against active acquirer consolidation.", "findings": [ { "finding": null, "instrument_type": "Acquiring market consolidation", "source": "https://www.privsource.com/acquisitions/payments-fintech/state/north-carolina", "source_url": "https://www.privsource.com/acquisitions/payments-fintech/state/north-carolina", "source_tier": "4", "retrieved_at": null }, { "finding": null, "instrument_type": "Merchant onboarding/disclosure obligation (current)", "source": "https://www.getnickel.com/surcharge-laws/north-carolina", "source_url": "https://www.privsource.com/acquisitions/payments-fintech/state/north-carolina", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "Pending merchant risk/disclosure regime — CAUTION: not yet enacted", "source": "https://ncbankers.org/2025/09/24/fees-that-merchants-may-charge-consumers-for-card-payments/", "source_url": "https://www.privsource.com/acquisitions/payments-fintech/state/north-carolina", "source_tier": "3", "retrieved_at": null } ] }, { "code": "W9", "name": "Product Innovation & Market Development", "confidence": "High", "moved_this_cycle": true, "url": "https://payments.gi/jurisdictions/united-states-north-carolina/#w9-product-innovation-market-development", "standing_position": "North Carolina enacted the Virtual Currency Kiosk Consumer Protection Act (HB920/SL2026-45), placing kiosk operators under the Commissioner of Banks; enacted but not yet in force (effective 2027-01-01).", "findings": [ { "finding": null, "instrument_type": "Instant-payments product launch", "source": "https://www.apiture.com/apiture-launches-real-time-payments-for-community-banks-and-credit-unions/", "source_url": "https://www.apiture.com/apiture-launches-real-time-payments-for-community-banks-and-credit-unions/", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "Instant-payments adoption (NC bank)", "source": "https://www.frbservices.org/financial-services/fednow/industry-stories/real-talk", "source_url": "https://blackchronicle.com/southeast/north-carolina/cryptocurrency-banking-stablecoins-regulation-proposed/", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "Proposed product-enabling instrument (HB 1029, Digital Asset Financial Act) — CAUTION: not yet enacted", "source": "https://blackchronicle.com/southeast/north-carolina/cryptocurrency-banking-stablecoins-regulation-proposed/", "source_url": "https://blackchronicle.com/southeast/north-carolina/cryptocurrency-banking-stablecoins-regulation-proposed/", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "Industry advocacy / product ecosystem", "source": "https://nsjonline.com/article/2026/05/stablecoin-bill-moving-through-the-nc-house/", "source_url": "https://blackchronicle.com/southeast/north-carolina/cryptocurrency-banking-stablecoins-regulation-proposed/", "source_tier": "3", "retrieved_at": null } ] }, { "code": "W10", "name": "Consumer Protection & APP Fraud", "confidence": "High", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-north-carolina/#w10-consumer-protection-app-fraud", "standing_position": "NC's consumer-protection backbone for payments is UDTPA plus the ITPA breach regime and Debt Collection Act; no NC-specific APP fraud reimbursement mandate exists.", "findings": [ { "finding": null, "instrument_type": "Core consumer-protection statute (UDTPA, Ch.75)", "source": "https://legalclarity.org/north-carolina-consumer-protection-laws-overview-and-violations/", "source_url": "https://www.frbservices.org/news/fed360/issues/121625/general-2026-fees-payment-system-enhancements", "source_tier": "4", "retrieved_at": null }, { "finding": null, "instrument_type": "Breach-notification consumer protection (NCGS §§75-61, 75-65)", "source": "https://sentra.io/learn/north-carolina-data-breach-notification-law-requirements", "source_url": "https://www.frbservices.org/news/fed360/issues/121625/general-2026-fees-payment-system-enhancements", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "Debt-collection conduct statute (NC Debt Collection Act, NCGS §§75-50 et seq.)", "source": "https://www.hastingsnclaw.com/consumer-protection", "source_url": "https://www.frbservices.org/news/fed360/issues/121625/general-2026-fees-payment-system-enhancements", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "Rail-level fraud mitigation (no NC-specific APP reimbursement statute)", "source": "https://www.frbservices.org/news/fed360/issues/121625/general-2026-fees-payment-system-enhancements", "source_url": "https://www.frbservices.org/news/fed360/issues/121625/general-2026-fees-payment-system-enhancements", "source_tier": "1", "retrieved_at": null } ] }, { "code": "W11", "name": "AML/CFT & Financial Crime", "confidence": "High", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-north-carolina/#w11-aml-cft-financial-crime", "standing_position": "sentinel. NC-licensed money transmitters sit atop the federal FinCEN/BSA backbone; the federal AML perimeter is being actively re-drawn around payment stablecoins (GENIUS Act) plus a newly proposed FinCEN whistleblower program.", "findings": [ { "finding": null, "instrument_type": "Federal BSA enforcement backbone applicable to NC-licensed MSBs", "source": "https://www.fincen.gov/news/enforcement-actions", "source_url": "https://www.ncleg.net/EnactedLegislation/Statutes/PDF/ByArticle/Chapter_53/Article_16B.pdf", "source_tier": "1", "retrieved_at": null }, { "finding": "NC operates under the federal BSA/AML framework (FinCEN, OFAC) plus state money-transmitter licensing via the NC Office of the Commissioner of Banks. Charlotte hosts two globally systemic banks (Bank of America, Truist) with correspondent-banking and OFAC-Iran disclosure exposure. National CTA rollback removed domestic BO reporting, widening a structural transparency gap for NC-formed entities.", "instrument_type": "assessment", "source": "FIM (sentinel.gi) per-JID baseline profile — United States — North Carolina", "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": "Gap: sourcing-thinness", "instrument_type": "gap", "source": "FIM (sentinel.gi) gaps_register_cumulative (issue FIM-BASE-GAP-003)", "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": "Sanctions: OFAC listing", "instrument_type": "sanctions_change", "source": "FIM (sentinel.gi) sanctions_change_register (issue FIM-BASE-SANC-001)", "source_url": null, "source_tier": "2", "retrieved_at": null }, { "finding": "Enforcement: DOJ / U.S. Attorney's Office, Eastern District of North Carolina; HSI Raleigh — Consolidation wallets holding proceeds of pig-butchering crypto investment fraud", "instrument_type": "enforcement_action", "source": "FIM (sentinel.gi) enforcement_action_register (issue FIM-BASE-ENF-001)", "source_url": null, "source_tier": "3", "retrieved_at": null }, { "finding": "Gap: capacity-deficit", "instrument_type": "gap", "source": "FIM (sentinel.gi) gaps_register_cumulative (issue FIM-BASE-GAP-002)", "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": "Gap: legal-gap", "instrument_type": "gap", "source": "FIM (sentinel.gi) gaps_register_cumulative (issue FIM-BASE-GAP-001)", "source_url": null, "source_tier": null, "retrieved_at": null } ] }, { "code": "W12", "name": "Correspondent Banking, Settlement & Access", "confidence": "High", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-north-carolina/#w12-correspondent-banking-settlement-access", "standing_position": "NC hosts two top-10 US correspondent-banking hubs (Truist, Bank of America); settlement infrastructure access shaped by the Fed's completed ISO 20022 migration and FedNow settlement-agent participation.", "findings": [ { "finding": null, "instrument_type": "Correspondent/wholesale banking scale (Truist)", "source": "https://www.sec.gov/Archives/edgar/data/0000092230/000119312526270320/d118981dex991.htm", "source_url": "https://media.truist.com/fast-facts", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "Settlement-system messaging modernization (ISO 20022)", "source": "https://www.frbservices.org/news/fed360/issues/121625/general-2026-fees-payment-system-enhancements", "source_url": "https://www.frbservices.org/news/fed360/issues/121625/general-2026-fees-payment-system-enhancements", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "Settlement access (FedNow settlement agents/liquidity providers)", "source": "https://www.frbservices.org/financial-services/fednow/organizations", "source_url": "https://www.frbservices.org/news/fed360/issues/121625/general-2026-fees-payment-system-enhancements", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "Settlement/regulatory framework (Reg J, UCC 4A)", "source": "https://www.wolterskluwer.com/en/expert-insights/navigating-fednow-and-rtp-systems", "source_url": "https://www.frbservices.org/news/fed360/issues/121625/general-2026-fees-payment-system-enhancements", "source_tier": "3", "retrieved_at": null } ] }, { "code": "W13", "name": "Commercial Intelligence & Fintech", "confidence": "Assessed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-north-carolina/#w13-commercial-intelligence-fintech", "standing_position": "Trailing-12-month NC payments/fintech commercial activity is concentrated in Charlotte, headlined by the $2.2bn take-private of AvidXchange by TPG/Corpay, alongside continued acquiring consolidation and community fintech funding rounds.", "findings": [ { "finding": null, "instrument_type": "commercial_event: M&A (completed acquisition)", "source": "https://www.sec.gov/Archives/edgar/data/0001858257/000119312525239635/d49921dex991.htm", "source_url": "https://www.sec.gov/Archives/edgar/data/0001858257/000119312525239635/d49921dex991.htm", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "commercial_event: M&A (acquiring sector consolidation)", "source": "https://www.privsource.com/acquisitions/payments-fintech/state/north-carolina", "source_url": "https://www.privsource.com/acquisitions/payments-fintech/state/north-carolina", "source_tier": "4", "retrieved_at": null }, { "finding": null, "instrument_type": "commercial_event: M&A (Charlotte payments software sale)", "source": "https://wraltechwire.com/tag/fintech/", "source_url": "https://wraltechwire.com/tag/fintech/", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "commercial_event: funding round", "source": "https://wraltechwire.com/tag/fintech/", "source_url": "https://wraltechwire.com/tag/fintech/", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "commercial_event: funding round (pre-seed)", "source": "https://wraltechwire.com/tag/fintech/", "source_url": "https://wraltechwire.com/tag/fintech/", "source_tier": "3", "retrieved_at": null } ] } ] }