{ "jurisdiction_id": "US-TN", "jurisdiction": "United States – Tennessee", "url": "https://payments.gi/jurisdictions/united-states-tennessee/", "generator": "render_jid v13.3.0", "date_modified": "2026-08-11", "schema_version": "world-payments-v1", "counts": { "modules": 14, "sourced_findings": 61, "source_register": 159 }, "modules": [ { "code": "W1a", "name": "Licensing, Authorisation & Market Access", "confidence": "Confirmed", "moved_this_cycle": true, "url": "https://payments.gi/jurisdictions/united-states-tennessee/#w1a-licensing-authorisation-market-access", "standing_position": "Tennessee licenses money transmitters under the MTMA (Title 45 Ch.7) via NMLS, virtual currency excluded. New fiscal layer (HB2502/SB2166) taxes licensed transmitters' cross-border payments ($10 min + 2% over $500); banks exempted.", "findings": [ { "finding": null, "instrument_type": "statute", "source": "https://www.tn.gov/tdfi/mortgage-consumer-lending/money-transmitter.html", "source_url": "https://www.tn.gov/content/dam/tn/financialinstitutions/compliance/2023-compliance-documents/Money%20Transmission%20Modernization%20Act%20Memo%20(October%202023).pdf", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "statute", "source": "https://www.tn.gov/content/dam/tn/financialinstitutions/compliance/2023-compliance-documents/Money%20Transmission%20Modernization%20Act%20Memo%20(October%202023).pdf", "source_url": "https://www.bondexchange.com/tennessee-money-transmitter-bond-a-comprehensive-guide/", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "statute", "source": "https://infobytes.orrick.com/2023-04-14/tennessee-enacts-money-transmission-modernization-act/", "source_url": "https://www.bondexchange.com/tennessee-money-transmitter-bond-a-comprehensive-guide/", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "statute", "source": "https://www.bondexchange.com/tennessee-money-transmitter-bond-a-comprehensive-guide/", "source_url": "https://www.bondexchange.com/tennessee-money-transmitter-bond-a-comprehensive-guide/", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "policy statement", "source": "https://www.tn.gov/tdfi/mortgage-consumer-lending/money-transmitter.html", "source_url": "https://www.bondexchange.com/tennessee-money-transmitter-bond-a-comprehensive-guide/", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "regulator scope", "source": "https://www.tn.gov/tdfi/who-we-regulate.html", "source_url": "https://www.bondexchange.com/tennessee-money-transmitter-bond-a-comprehensive-guide/", "source_tier": "1", "retrieved_at": null } ] }, { "code": "W1b", "name": "Conduct, Safeguarding & Financial Promotions", "confidence": "High", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-tennessee/#w1b-conduct-safeguarding-financial-promotions", "standing_position": "Safeguarding in Tennessee runs through the MTMA's net-worth/surety-bond regime (not trust/segregation-style safeguarding as in EMI regimes). Conduct and promotions oversight blends TDFI licensing conditions with the Tennessee Consumer Protection Act, enforced by the Attorney General's Division of Consumer Affairs, plus a 2026 telemarketing/solicitation transparency law and a merchant-fee-disclosure statute predating MTMA.", "findings": [ { "finding": null, "instrument_type": "statute", "source": "https://swiftbonds.com/license-permit-bonds/money-transmitter-bond/how-to-get-a-tennessee-money-transmitter-bond-for-your-license-application/", "source_url": "https://swiftbonds.com/license-permit-bonds/money-transmitter-bond/how-to-get-a-tennessee-money-transmitter-bond-for-your-license-application/", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "guidance", "source": "https://www.nickel.com/surcharge-laws/tennessee", "source_url": "https://tcpaworld.com/2026/05/11/tennessees-new-solicitation-oversight-law/", "source_tier": "2", "retrieved_at": null }, { "finding": null, "instrument_type": "statute", "source": "https://merchantcostconsulting.com/lower-credit-card-processing-fees/tennessee-surcharge-laws/", "source_url": "https://tcpaworld.com/2026/05/11/tennessees-new-solicitation-oversight-law/", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "statute", "source": "https://tcpaworld.com/2026/05/11/tennessees-new-solicitation-oversight-law/", "source_url": "https://tcpaworld.com/2026/05/11/tennessees-new-solicitation-oversight-law/", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "conduct/registry", "source": "https://www.tn.gov/tdfi/mortgage-consumer-lending/money-transmitter/mt-listing.html", "source_url": "https://tcpaworld.com/2026/05/11/tennessees-new-solicitation-oversight-law/", "source_tier": "1", "retrieved_at": null } ] }, { "code": "W2", "name": "Stablecoins & Digital Money", "confidence": "High", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-tennessee/#w2-stablecoins-digital-money", "standing_position": "Tennessee has no bespoke state stablecoin-issuer licensing regime; virtual currency is explicitly excluded from the MTL/bond framework. The operative digital-money layer for TN-domiciled activity is federal: the GENIUS Act (2025) and pending OCC implementing rules govern payment stablecoin issuance nationally, while Tennessee's own 2026 legislative activity has focused on UCC modernization for controllable electronic records and on restricting cash-to-crypto kiosk on-ramps rather than authorizing stablecoin issuance.", "findings": [ { "finding": null, "instrument_type": "statute", "source": "https://cryptoslate.com/crypto-laws/jurisdiction/united-states/tennessee/", "source_url": "https://www.federalregister.gov/documents/2026/03/02/2026-04089/implementing-the-guiding-and-establishing-national-innovation-for-us-stablecoins-act-for-the", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "federal rulemaking", "source": "https://www.federalregister.gov/documents/2026/03/02/2026-04089/implementing-the-guiding-and-establishing-national-innovation-for-us-stablecoins-act-for-the", "source_url": "https://www.tn.gov/tdfi/mortgage-consumer-lending/money-transmitter.html", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "policy statement", "source": "https://www.tn.gov/tdfi/mortgage-consumer-lending/money-transmitter.html", "source_url": "https://www.tn.gov/tdfi/mortgage-consumer-lending/money-transmitter.html", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "failed legislation", "source": "https://cryptoslate.com/crypto-laws/jurisdiction/united-states/tennessee/", "source_url": "https://www.tn.gov/tdfi/mortgage-consumer-lending/money-transmitter.html", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "statute", "source": "https://www.sheppard.com/insights/blogs/tennessee-prohibits-virtual-currency-kiosks", "source_url": "https://www.tn.gov/tdfi/mortgage-consumer-lending/money-transmitter.html", "source_tier": "3", "retrieved_at": null } ] }, { "code": "W3", "name": "Operational Resilience & Critical Infrastructure", "confidence": "High", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-tennessee/#w3-operational-resilience-critical-infrastructure", "standing_position": "Tennessee's operational-resilience layer for payments rests on its general breach-notification statute (Tenn. Code §47-18-2107), the 2023 Tennessee Information Protection Act (TIPA) which exempts GLBA-covered financial institutions, and TDFI's own internal cybersecurity exercise program conducted with FDIC/FBI participation. There is no TN-specific DORA-equivalent operational-resilience regime for payment firms; GLBA/PCI DSS federal/scheme baselines apply by default.", "findings": [ { "finding": null, "instrument_type": "statute", "source": "https://law.justia.com/codes/tennessee/title-47/chapter-18/part-21/section-47-18-2107/", "source_url": "https://www.tn.gov/attorneygeneral/news/2025/4/30/pr25-25.html", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "statute", "source": "https://www.recordinglaw.com/us-laws/data-privacy-laws/tennessee-data-privacy-laws/data-breach-notification/", "source_url": "https://www.tn.gov/attorneygeneral/news/2025/4/30/pr25-25.html", "source_tier": "2", "retrieved_at": null }, { "finding": null, "instrument_type": "statute", "source": "https://www.tn.gov/attorneygeneral/news/2025/4/30/pr25-25.html", "source_url": "https://www.tn.gov/attorneygeneral/news/2025/4/30/pr25-25.html", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "statute", "source": "https://comptroller.tn.gov/office-functions/state-audit/resources/data-breach-online-submission.html", "source_url": "https://www.tn.gov/attorneygeneral/news/2025/4/30/pr25-25.html", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "supervisory practice", "source": "https://www.tn.gov/content/dam/tn/financialinstitutions/new-docs/annual-reports/2017%20Annual%20Report%20FINAL%2005%2001%2018.pdf", "source_url": "https://www.tn.gov/attorneygeneral/news/2025/4/30/pr25-25.html", "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-tennessee/#w4-scheme-network-compliance", "standing_position": "Tennessee permits credit-card surcharging (no state-level cap; card-network limits of 3% Visa/4% other networks bind in practice) but bars debit/prepaid surcharging per uniform card-network rules and the federal Durbin Amendment. A 2015 processor-disclosure statute and a since-considered interchange/tax-exclusion bill round out the state's scheme-adjacent legislative activity; PCI DSS applies as the default federal/scheme security baseline with no state overlay.", "findings": [ { "finding": null, "instrument_type": "network rule", "source": "https://www.nickel.com/surcharge-laws/tennessee", "source_url": "https://www.nickel.com/surcharge-laws/tennessee", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "statute", "source": "https://merchantcostconsulting.com/lower-credit-card-processing-fees/tennessee-surcharge-laws/", "source_url": "https://www.nickel.com/surcharge-laws/tennessee", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "proposed statute", "source": "https://trackbill.com/bill/tennessee-senate-bill-132-credit-and-debit-cards-as-introduced-requires-that-state-and-local-taxes-and-fees-be-excluded-from-the-calculation-of-interchange-fees-by-payment-card-networks-for-electronic-payment-transactions-amends-tca-title-67/2308004/", "source_url": "https://www.nickel.com/surcharge-laws/tennessee", "source_tier": "3", "retrieved_at": null } ] }, { "code": "W5", "name": "Payment Corridor Dynamics", "confidence": "High", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-tennessee/#w5-payment-corridor-dynamics", "standing_position": "Tennessee's most consequential 2026 corridor development is its new tax on outbound international money transfers (HB2502/SB2166), layering a $10 flat fee plus 2% tax on transfers over $500 originating in the state onto the cross-border remittance corridor, now under active federal constitutional challenge. Domestically, instant-payments corridor access is expanding via FedNow adoption among a growing roster of TN community banks and credit unions.", "findings": [ { "finding": null, "instrument_type": "statute", "source": "https://news.bloombergtax.com/daily-tax-report-state/tennessee-dor-announces-sales-tax-on-international-money-transmission-services-effective-jan-1-2027", "source_url": "https://www.bassberry.com/news/tennessee-legislation-taxing-international-money-transfers/", "source_tier": "2", "retrieved_at": null }, { "finding": null, "instrument_type": "statute", "source": "https://www.bassberry.com/news/tennessee-legislation-taxing-international-money-transfers/", "source_url": "https://www.nerdwallet.com/banking/learn/banks-that-use-fednow", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "litigation/legislative reaction", "source": "https://www.paymentsdive.com/news/fta-sues-to-block-tennessee-law/822641/", "source_url": "https://www.nerdwallet.com/banking/learn/banks-that-use-fednow", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "market infrastructure", "source": "https://www.nerdwallet.com/banking/learn/banks-that-use-fednow", "source_url": "https://www.nerdwallet.com/banking/learn/banks-that-use-fednow", "source_tier": "2", "retrieved_at": null }, { "finding": null, "instrument_type": "market infrastructure", "source": "https://vfccu.org/solutions_mobile/instant-payments.html", "source_url": "https://www.nerdwallet.com/banking/learn/banks-that-use-fednow", "source_tier": "3", "retrieved_at": null } ] }, { "code": "W6", "name": "Industry Structure & Commercial Dynamics", "confidence": "High", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-tennessee/#w6-industry-structure-commercial-dynamics", "standing_position": "Tennessee's banking market structure was reshaped in early 2026 by the Pinnacle Financial Partners–Synovus Financial merger, creating the largest bank headquartered in Tennessee, while Memphis-based First Horizon remains a widely speculated M&A target amid a broader 2026 regional-bank consolidation wave. Nashville's fintech/payments startup cluster (banktech-focused) continues to grow via community-backed accelerators, though it remains modest in scale relative to national hubs.", "findings": [ { "finding": null, "instrument_type": "market structure", "source": "https://www.synovus.com/about-us/news/2026/2026-01-02-pinnacle-and-synovus-complete-merger-to-become-regional-bank-growth-champion", "source_url": "https://www.synovus.com/about-us/news/2026/2026-01-02-pinnacle-and-synovus-complete-merger-to-become-regional-bank-growth-champion", "source_tier": "2", "retrieved_at": null }, { "finding": null, "instrument_type": "market structure", "source": "https://www.bankingdive.com/news/first-horizon-acquisition-buyer-ceo-jordan-earnings/802868/", "source_url": "https://www.bankingdive.com/news/first-horizon-acquisition-buyer-ceo-jordan-earnings/802868/", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "market structure", "source": "https://tracxn.com/d/explore/fintech-startups-in-nashville-united-states/__oyRhOG3cCbYpKw8KqjJfxEEfB9QAAFxZq1DEIJCK0_E#top-companies", "source_url": "https://www.bankingdive.com/news/first-horizon-acquisition-buyer-ceo-jordan-earnings/802868/", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "market structure", "source": "https://www.fintechfutures.com/press-releases/nashville-entrepreneur-center-announces-nine-startups-selected-to-join-tennessee-s-inaugural-fintech-accelerator", "source_url": "https://www.bankingdive.com/news/first-horizon-acquisition-buyer-ceo-jordan-earnings/802868/", "source_tier": "3", "retrieved_at": null } ] }, { "code": "W7", "name": "Legal & Litigation", "confidence": "High", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-tennessee/#w7-legal-litigation", "standing_position": "The dominant live payments litigation in Tennessee is the Financial Technology Association's state-court suit against the new international money-transfer tax, alleging a dormant Commerce Clause violation. TDFI maintains a standing enforcement-actions register for its licensed nonbank credit/money-transmission industries, and the state Attorney General has an active, multi-front consumer-protection enforcement posture (TIPA, Consumer Protection Act) relevant to payments-adjacent conduct.", "findings": [ { "finding": null, "instrument_type": "litigation", "source": "https://www.paymentsdive.com/news/fta-sues-to-block-tennessee-law/822641/", "source_url": "https://www.paymentsdive.com/news/fta-sues-to-block-tennessee-law/822641/", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "regulator enforcement register", "source": "https://www.tn.gov/tdfi/enforcement-actions.html", "source_url": "https://www.paymentsdive.com/news/fta-sues-to-block-tennessee-law/822641/", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "enforcement mechanism", "source": "https://www.tn.gov/attorneygeneral/news/2025/4/30/pr25-25.html", "source_url": "https://www.paymentsdive.com/news/fta-sues-to-block-tennessee-law/822641/", "source_tier": "1", "retrieved_at": null } ] }, { "code": "W8", "name": "Merchant Acquiring & Risk", "confidence": "Assessed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-tennessee/#w8-merchant-acquiring-risk", "standing_position": "Tennessee's merchant-acquiring rulebook combines a pioneering cash-acceptance mandate (2016) with disclosure-based surcharge rules and a processor fee-transparency statute; debit/prepaid surcharging remains barred by uniform card-network rules and the federal Durbin Amendment. TDFI's supervision of check cashing, deferred presentment (payday) and title pledge lending forms an adjacent high-risk consumer-credit perimeter relevant to acquiring risk profiles.", "findings": [ { "finding": null, "instrument_type": "statute", "source": "https://merchantcostconsulting.com/lower-credit-card-processing-fees/tennessee-surcharge-laws/", "source_url": "https://merchantcostconsulting.com/lower-credit-card-processing-fees/tennessee-surcharge-laws/", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "regulator scope", "source": "https://www.tn.gov/tdfi/mortgage-consumer-lending.html", "source_url": "https://merchantcostconsulting.com/lower-credit-card-processing-fees/tennessee-surcharge-laws/", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "network rule/statute", "source": "https://www.getflexpoint.com/credit-card-surcharging-us-states/tennessee", "source_url": "https://merchantcostconsulting.com/lower-credit-card-processing-fees/tennessee-surcharge-laws/", "source_tier": "3", "retrieved_at": null } ] }, { "code": "W9", "name": "Product Innovation & Market Development", "confidence": "High", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-tennessee/#w9-product-innovation-market-development", "standing_position": "Tennessee's payments innovation activity centers on private-sector FedNow instant-payments rollout among community banks/credit unions, Nashville's banktech-focused Project FinTech accelerator, and a new UCC framework for controllable electronic records supporting tokenized-asset transfer certainty — set against a 2026 legislative posture that has restricted rather than expanded consumer-facing crypto on-ramps (kiosk ban) and seen digital-asset protection bills fail to pass.", "findings": [ { "finding": null, "instrument_type": "market infrastructure", "source": "https://www.nerdwallet.com/banking/learn/banks-that-use-fednow", "source_url": "https://cryptoslate.com/crypto-laws/jurisdiction/united-states/tennessee/", "source_tier": "2", "retrieved_at": null }, { "finding": null, "instrument_type": "innovation program", "source": "https://ec.co/accelerators/project-fintech/", "source_url": "https://cryptoslate.com/crypto-laws/jurisdiction/united-states/tennessee/", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "statute", "source": "https://cryptoslate.com/crypto-laws/jurisdiction/united-states/tennessee/", "source_url": "https://cryptoslate.com/crypto-laws/jurisdiction/united-states/tennessee/", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "failed legislation", "source": "https://cryptoslate.com/crypto-laws/jurisdiction/united-states/tennessee/", "source_url": "https://cryptoslate.com/crypto-laws/jurisdiction/united-states/tennessee/", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "innovation program", "source": "https://www.fintechfutures.com/press-releases/nashville-entrepreneur-center-announces-nine-startups-selected-to-join-tennessee-s-inaugural-fintech-accelerator", "source_url": "https://cryptoslate.com/crypto-laws/jurisdiction/united-states/tennessee/", "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-tennessee/#w10-consumer-protection-app-fraud", "standing_position": "Tennessee's 2026 flagship consumer-protection payments action is its full statewide ban on virtual-currency kiosks (Public Chapter 766, effective July 1, 2026), driven explicitly by APP-fraud/elder-scam data, making Tennessee the second US state (after Indiana) to fully prohibit crypto ATMs. This sits alongside a general Consumer Protection Act enforcement apparatus, a private right of action for data-breach violations, and active Attorney General surcharge-disclosure oversight.", "findings": [ { "finding": null, "instrument_type": "statute", "source": "https://news.bitcoin.com/tennessee-lawmakers-pass-crypto-atm-ban-triggering-removals-by-july-1/", "source_url": "https://www.sheppard.com/insights/blogs/tennessee-prohibits-virtual-currency-kiosks", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "statute", "source": "https://www.cutoday.info/Fresh-Today/Tennessee-Becomes-Second-State-To-Ban-Crypto-ATMs", "source_url": "https://law.justia.com/codes/tennessee/title-47/chapter-18/part-21/section-47-18-2107/", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "statute", "source": "https://www.tn.gov/tdfi/mortgage-consumer-lending/money-transmitter.html", "source_url": "https://law.justia.com/codes/tennessee/title-47/chapter-18/part-21/section-47-18-2107/", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "statute", "source": "https://www.recordinglaw.com/us-laws/data-privacy-laws/tennessee-data-privacy-laws/data-breach-notification/", "source_url": "https://law.justia.com/codes/tennessee/title-47/chapter-18/part-21/section-47-18-2107/", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "guidance/enforcement", "source": "https://www.nickel.com/surcharge-laws/tennessee", "source_url": "https://law.justia.com/codes/tennessee/title-47/chapter-18/part-21/section-47-18-2107/", "source_tier": "2", "retrieved_at": null } ] }, { "code": "W11", "name": "AML/CFT & Financial Crime", "confidence": "Assessed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-tennessee/#w11-aml-cft-financial-crime", "standing_position": "W11 is Sentinel.gi-fed by design; this baseline pass could not reach the proprietary Sentinel.gi payments-context feed and instead captures the publicly available statutory AML/BSA scaffolding around Tennessee money-transmission licensing as contextual grounding, pending Sentinel feed integration in a subsequent pass. No original illicit-finance analysis has been performed.", "findings": [ { "finding": null, "instrument_type": "licensing requirement", "source": "sentinel.tdfi-mtl-fincen-registration", "source_url": null, "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "licensing requirement", "source": "sentinel.tdfi-mtl-bsa-aml-riskassessment", "source_url": null, "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "supervisory coordination", "source": "sentinel.tdfi-legal-section-coordination", "source_url": null, "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "policy rationale", "source": "sentinel.tn-kiosk-ban-fraud-rationale", "source_url": null, "source_tier": "2", "retrieved_at": null } ] }, { "code": "W12", "name": "Correspondent Banking, Settlement & Access", "confidence": "High", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-tennessee/#w12-correspondent-banking-settlement-access", "standing_position": "Tennessee's correspondent-banking layer runs through the Federal Reserve Bank of Atlanta's Nashville Branch (6th District), direct Federal Reserve System membership for larger in-state banks (notably Pinnacle Bank post-Synovus merger), and a network of correspondent bankers' banks (e.g., Independent Correspondent Bankers Bank, TIB) serving the state's numerous community banks, many of which access newer settlement rails like FedNow only indirectly via correspondent/settlement providers.", "findings": [ { "finding": null, "instrument_type": "settlement infrastructure", "source": "https://en.wikipedia.org/wiki/Federal_Reserve_Bank_of_Atlanta_Nashville_Branch", "source_url": "https://en.wikipedia.org/wiki/Federal_Reserve_Bank_of_Atlanta_Nashville_Branch", "source_tier": "2", "retrieved_at": null }, { "finding": null, "instrument_type": "settlement infrastructure", "source": "https://www.synovus.com/about-us/news/2026/2026-01-02-pinnacle-and-synovus-complete-merger-to-become-regional-bank-growth-champion", "source_url": "https://en.wikipedia.org/wiki/Federal_Reserve_Bank_of_Atlanta_Nashville_Branch", "source_tier": "2", "retrieved_at": null }, { "finding": null, "instrument_type": "correspondent network", "source": "https://www.tnbankers.org/Common/Uploaded%20files/TBA%20Event%20Materials/CreditConferenceAttendee02112026.pdf", "source_url": "https://en.wikipedia.org/wiki/Federal_Reserve_Bank_of_Atlanta_Nashville_Branch", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "settlement access model", "source": "https://vfccu.org/solutions_mobile/instant-payments.html", "source_url": "https://en.wikipedia.org/wiki/Federal_Reserve_Bank_of_Atlanta_Nashville_Branch", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "supervisory function", "source": "https://publications.tnsosfiles.com/pub/blue_book/09-10/20%20Financial%20Institutions.pdf", "source_url": "https://en.wikipedia.org/wiki/Federal_Reserve_Bank_of_Atlanta_Nashville_Branch", "source_tier": "1", "retrieved_at": null } ] }, { "code": "W13", "name": "Commercial Intelligence & Fintech", "confidence": "Assessed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-tennessee/#w13-commercial-intelligence-fintech", "standing_position": "The defining trailing-12-month commercial event for Tennessee payments/banking is the Pinnacle Financial Partners–Synovus Financial Corp merger completion. Secondary trailing-window events include national crypto-ATM operator Bitcoin Depot's Chapter 11 filing (with direct relevance to Tennessee's kiosk-ban enforcement) and continued Nashville fintech-accelerator cohort activity.", "findings": [ { "finding": null, "instrument_type": "commercial_event", "source": "https://www.synovus.com/about-us/news/2026/2026-01-02-pinnacle-and-synovus-complete-merger-to-become-regional-bank-growth-champion", "source_url": "https://www.synovus.com/about-us/news/2026/2026-01-02-pinnacle-and-synovus-complete-merger-to-become-regional-bank-growth-champion", "source_tier": "2", "retrieved_at": null }, { "finding": null, "instrument_type": "commercial_event", "source": "https://crypto.news/tennessee-and-georgia-begin-enforcing-crypto-atm-restrictions/", "source_url": "https://crypto.news/tennessee-and-georgia-begin-enforcing-crypto-atm-restrictions/", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "commercial_event", "source": "https://www.fintechfutures.com/press-releases/nashville-entrepreneur-center-announces-nine-startups-selected-to-join-tennessee-s-inaugural-fintech-accelerator", "source_url": "https://crypto.news/tennessee-and-georgia-begin-enforcing-crypto-atm-restrictions/", "source_tier": "3", "retrieved_at": null } ] } ] }