{ "jurisdiction_id": "US-WI", "jurisdiction": "United States – Wisconsin", "url": "https://payments.gi/jurisdictions/united-states-wisconsin/", "generator": "render_jid v13.3.0", "date_modified": "2026-08-11", "schema_version": "world-payments-v1", "counts": { "modules": 14, "sourced_findings": 61, "source_register": 133 }, "modules": [ { "code": "W1a", "name": "Licensing, Authorisation & Market Access", "confidence": "Confirmed", "moved_this_cycle": true, "url": "https://payments.gi/jurisdictions/united-states-wisconsin/#w1a-licensing-authorisation-market-access", "standing_position": "Wisconsin regulates money transmission under Chapter 217 (Model Money Transmission Modernization Law), administered by DFI; AB471 (pending, referred to Assembly Committee on Financial Institutions) would carve digital-asset activities out of this licensing perimeter.", "findings": [ { "finding": null, "instrument_type": "statute/regulator guidance", "source": 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"instrument_type": "secondary analysis", "source": "https://merchantcostconsulting.com/lower-credit-card-processing-fees/wisconsin-credit-card-surcharge-laws/", "source_url": "https://merchantcostconsulting.com/lower-credit-card-processing-fees/wisconsin-credit-card-surcharge-laws/", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "secondary guidance", "source": "https://pivitstrategy.com/wisconsin-cybersecurity-laws-you-should-know-2026/", "source_url": "https://merchantcostconsulting.com/lower-credit-card-processing-fees/wisconsin-credit-card-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-wisconsin/#w9-product-innovation-market-development", "standing_position": "Product innovation centres on FedNow-enabled instant payments adoption and Fiserv's embedded-finance/agentic-commerce roadmap.", "findings": [ { "finding": null, "instrument_type": "market data", "source": "https://www.nerdwallet.com/banking/learn/banks-that-use-fednow", "source_url": "https://thepaypers.com/fintech/news/fiserv-completes-acquisition-of-payfare", "source_tier": "2", "retrieved_at": null }, { "finding": null, "instrument_type": "corporate disclosure", "source": "https://www.prnewswire.com/news-releases/fiserv-completes-acquisition-of-payfare-302389984.html", "source_url": "https://www.paymentsdive.com/news/fiserv-sued-over-alleged-lax-security/810831/", "source_tier": "2", "retrieved_at": null }, { "finding": null, "instrument_type": "corporate disclosure", "source": "https://thepaypers.com/fintech/news/fiserv-completes-acquisition-of-payfare", "source_url": "https://www.paymentsdive.com/news/fiserv-sued-over-alleged-lax-security/810831/", "source_tier": "2", "retrieved_at": null }, { "finding": null, "instrument_type": "market data", "source": 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null, "instrument_type": "statute", "source": "https://docs.legis.wisconsin.gov/2025/related/acts/226.pdf", "source_url": "https://docs.legis.wisconsin.gov/2025/related/acts/226.pdf", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "regulator data", "source": "https://www.radioplusinfo.com/2025/02/06/2-7-25-wisconsin-department-of-ag-trade-and-consumer-protection-top-ten-consumer-complaints/", "source_url": "https://docs.legis.wisconsin.gov/2025/related/acts/226.pdf", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "statute", "source": "https://wilawlibrary.gov/topics/consumer/index.php", "source_url": "https://docs.legis.wisconsin.gov/2025/related/acts/226.pdf", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "regulator profile", "source": "https://datcp.wi.gov/Pages/Programs_Services/ConsumerProtection.aspx", "source_url": "https://docs.legis.wisconsin.gov/2025/related/acts/226.pdf", "source_tier": "1", "retrieved_at": null } ] }, { "code": "W11", "name": "AML/CFT & Financial Crime", "confidence": "Assessed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-wisconsin/#w11-aml-cft-financial-crime", "standing_position": "This module carries the Sentinel.gi payments-context AML/CFT position only; the proprietary feed was unreachable this pass, so only the federal BSA/SAR backdrop is captured.", "findings": [ { "finding": null, "instrument_type": "federal regulator guidance", "source": "sentinel.https://www.fincen.gov/frequently-asked-questions-regarding-fincen-suspicious-activity-report-sar", "source_url": null, "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "federal regulator guidance", "source": "sentinel.https://www.fincen.gov/money-services-business-msb-suspicious-activity-reporting", "source_url": null, "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "statute", "source": "sentinel.https://docs.legis.wisconsin.gov/2023/related/acts/267/26", "source_url": null, "source_tier": "1", "retrieved_at": null } ] }, { "code": "W12", "name": "Correspondent Banking, Settlement & Access", "confidence": "High", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-wisconsin/#w12-correspondent-banking-settlement-access", "standing_position": "Correspondent banking pressures centre on cannabis/hemp-adjacent de-risking, with niche providers filling the service gap pending potential federal rescheduling.", "findings": [ { "finding": null, "instrument_type": "industry position", "source": "https://www.aba.com/advocacy/our-issues/cannabis", "source_url": "https://www.aba.com/advocacy/our-issues/cannabis", "source_tier": "2", "retrieved_at": null }, { "finding": null, "instrument_type": "market data", "source": "https://www.herringbank.com/business-banking/cannabis-banking/hemp-banking-wisconsin/", "source_url": "https://www.icba.org/banking-cannabis-related-businesses", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "secondary analysis", "source": "https://www.abrigo.com/blog/cannabis-banking-in-wisconsin-mitigating-reputation-risk-to-financial-institutions/", "source_url": "https://www.icba.org/banking-cannabis-related-businesses", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "federal executive action", "source": "https://www.icba.org/banking-cannabis-related-businesses", "source_url": "https://www.icba.org/banking-cannabis-related-businesses", "source_tier": "2", "retrieved_at": null } ] }, { "code": "W13", "name": "Commercial Intelligence & Fintech", "confidence": "High", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-wisconsin/#w13-commercial-intelligence-fintech", "standing_position": "Trailing-12-month commercial activity in Wisconsin payments is dominated by Fiserv's CEO transition, workforce restructuring, and continued product/partnership activity.", "findings": [ { "finding": null, "instrument_type": "SEC filing", "source": "https://www.sec.gov/Archives/edgar/data/0000798354/000119312526270336/d153349dex991.htm", "source_url": "https://www.sec.gov/Archives/edgar/data/0000798354/000119312526270336/d153349dex991.htm", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "corporate restructuring disclosure", "source": "https://www.paymentsdive.com/news/judge-combines-fiserv-lawsuits/819924/", "source_url": "https://www.paymentsdive.com/news/judge-combines-fiserv-lawsuits/819924/", "source_tier": "2", "retrieved_at": null }, { "finding": null, "instrument_type": "product partnership disclosure", "source": "https://www.paymentsdive.com/news/fiserv-sued-over-alleged-lax-security/810831/", "source_url": "https://www.paymentsdive.com/news/fiserv-sued-over-alleged-lax-security/810831/", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "corporate disclosure", "source": "https://thepaypers.com/fintech/news/fiserv-completes-acquisition-of-payfare", "source_url": "https://thepaypers.com/fintech/news/fiserv-completes-acquisition-of-payfare", "source_tier": "2", "retrieved_at": null } ] } ] }