News

Investments
Payments Tech Firm PayArc Lands Investment
April 12, 2022

Payment technology company PayArc has received a strategic investment from private equity firm Bregal Sagemount. 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,...

International
US-Based FinTech Nova Credit Expands to Europe
April 12, 2022

Nova Credit, the San Francisco-headquartered FinTech, is betting Europe will be the next place to set up shop, the company announced Tuesday (April 12). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Investments
Voyager Innovations Raises $210M, Becomes Unicorn
April 12, 2022

Voyager Innovations, the owner of FinTech PayMaya and neobank Maya Bank, has achieved unicorn status after raising $210 million, according to a Monday (April 11) news release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Regulation
FTC Chair Wants to Step up Privacy Protection With New Rules
April 12, 2022

Federal Trade Commission (FTC) Chair Lina Khan said on Monday (April 11) that it is time for the agency to “reassess” rules around what data companies can collect from consumers. She called for a new approach to consumer data protection to replace the companies’ privacy...

CFPB
70% of Complaints Filed With the CFPB Are About Credit or Consumer Reporting 
April 12, 2022

The Consumer Financial Protection Bureau (CFPB) published its semi-annual report on April 6, detailing everything what the agency has done for most of the last year. In a 100-page document, the agency explains its advocacy efforts to help consumers, the enforcement actions taken against companies and...

Faster Payments
PYMNTS Intelligence: How Automated Bill Pay Can Help FIs, Billers Foster Customer Growth
April 12, 2022

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 this form, you agree to receive marketing communications from PYMNTS and...

Regulation
US Treasury Weighs in on ‘Gig Worker’ Status Debate
April 12, 2022

The U.S. Treasury published a report on Thursday (April 7) titled “The State of Labor Market Competition” that summarized the impact of uncompetitive firm behavior in labor markets. The report discusses how excessive concentration in the market, non-compete agreements or the misclassification of workers may...

Investments
Wall Street’s Enthusiasm Wanes for Bonds Backed by Risky Consumer Debt
April 12, 2022

Runaway inflation and a shaky economy are setting the stage for financial uncertainty, igniting fear in Wall Street investors that bonds and other investments backed by consumer debt might be weighed down by high risk.  Get the Full Story Complete the form to unlock this...

Payments Innovation
eCommerce Merchants Strike Seamless Payments, Regulatory Balance with Orchestration
April 12, 2022

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