Noting the rapidly changing banking landscape, the Office of the Comptroller of the Currency (OCC) has announced it will establish an Office of Financial Technology next year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The European Union (EU) reportedly aims to build a team comprised of 40 people to enforce the Digital Markets Act (DMA) rules aimed at Google, Meta, Amazon, Apple, Microsoft at other Big Tech firms. Get the Full Story Complete the form to unlock this article...
On a call discussing McDonald’s third-quarter 2022 financial results Thursday (Oct. 27), CFO Ian Borden noted that, following the MyMcDonald’s Rewards U.S. launch last year, digital customer frequency has been on the rise every quarter. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
One year after its heady $1.7 billion initial public offering (IPO), fashion rental and resale company Rent the Runway is facing a far more humbling reality after its stock has plunged 90% since its debut. Get the Full Story Complete the form to unlock this...
Two weeks after a widely reported furor over reports of a policy that threatened to fine users for sharing what the company determined to be misinformation, PayPal has issued a statement clarifying its position on “appropriate behavior” and fines. Get the Full Story Complete the...
Macroeconomic headwinds reportedly may begin weighing on the B2B payments sector. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...
British money transfer firm Wise has received $300 million pounds (about $347.1 million) via a syndicated debt facility from the United Kingdom branch of California’s Silicon Valley Bank (SVB). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Boost Mobile is entering the financial service sector with the launch of OmniMoney, a tool that offers underbanked consumers a free digital money account and debit card. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The Consumer Financial Protection Bureau (CFPB) is looking at ways to give consumers more control over their financial data. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
