FTC’s Bureau of Competition Director To Leave Agency
FTC’s Bureau of Competition Director To Leave Agency
October 11, 2019  |  Personnel

After serving in the position for over two years, FTC Bureau of Competition Director Bruce Hoffman will be leaving the agency in November. FTC Chairman...

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P2P Lender Funding Circle Addresses Investors’ Withdrawal Concerns
P2P Lender Funding Circle Addresses Investors’ Withdrawal Concerns
October 11, 2019  |  Loans

Peer-to-peer (P2P) British-based lender Funding Circle sent out a letter to investors after they were unable to take out funds from the platform. Get the...

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Mastercard, Stripe, eBay And Visa Drop Out Of Facebook’s Libra Association
Mastercard, Stripe, eBay And Visa Drop Out Of Facebook’s Libra Association
October 11, 2019  |  Cryptocurrency

Mastercard, Stripe, eBay and Visa have all dropped out of Facebook’s Libra Association. The departures follow on the heels of PayPal’s exit a week ago,...

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Facebook’s Libra, Uber Losses, Instant Deposits Top Week’s News
Facebook’s Libra, Uber Losses, Instant Deposits Top Week’s News
October 11, 2019  |  News

It’s never quite a slow week in the world of payments and commerce, and the newest edition of the PYMNTS Weekender is proof of that....

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Instacart Gig Workers Plan Protest Over Wages, Fees
Instacart Gig Workers Plan Protest Over Wages, Fees
October 11, 2019  |  Gig Economy

From Nov. 3 to Nov. 5, Instacart shoppers are planning to protest the delivery company, according to reports. The protesters have three demands: The want...

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SoftBank To Downshift Vision Fund Strategy Post-Uber, WeWork IPO Flops
SoftBank To Downshift Vision Fund Strategy Post-Uber, WeWork IPO Flops
October 11, 2019  |  Investments

SoftBank CEO Masayoshi Son is reportedly reconfiguring his strategy for investing with his latest Vision Fund due to the struggles of companies like Uber and...

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Consumer Tech Spending To Grow More Than 5 Pct This Year
Consumer Tech Spending To Grow More Than 5 Pct This Year
October 11, 2019  |  Retail

Spending on technology is expected to keep rising, and is projected to reach $1.69 trillion this year, which is 5.3 percent higher than last year....

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Top News In Payments: Alipay Says ‘No’ To Crypto, Shopify Rolls Out Experts Marketplace
Top News In Payments: Alipay Says ‘No’ To Crypto, Shopify Rolls Out Experts Marketplace
October 11, 2019  |  News

Today in the payments news roundup, Alipay says it will ban bitcoin and digital currency-related transactions. Also, Shopify has rolled out a gig marketplace focused...

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Portugal Is Latest Country To Express Concerns About Libra
Portugal Is Latest Country To Express Concerns About Libra
October 11, 2019  |  Cryptocurrency

Portugal is the latest country to join the chorus of regulators and leaders alike expressing concern about Facebook’s proposed cryptocurrency, Libra. Get the Full Story...

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