News

Regulation
Facebook Can’t Fence Off FTC Antitrust Suit, But It Narrows Scope
January 12, 2022

A U.S. judge granted the Federal Trade Commission (FTC) a second chance to continue with its allegations of illegal monopolization against Facebook (now Meta), after it rejected the company’s motion to dismiss the lawsuit in a new filing on Tuesday.  Get the Full Story Complete...

Retail
GM Launches Online Used Car Marketplace
January 12, 2022

GM is rolling out an online marketplace for used cars, taking on digital-only competitors like Vroom and Carvana that saw their sites’ popularity soar during the pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
As Consumers Demand More From Merchants, Merchants Demand More From Their PSPs
January 12, 2022

Today’s digital-first consumers demand more of their merchants. In turn, merchants demand more from their payment services providers (PSPs) — much more, in fact, Carl Churchill, managing director of U.K.-based technologi said. Get the Full Story Complete the form to unlock this article and enjoy...

Security & Fraud
Healthcare Breaches Give Fraudsters New Tools for ‘Targeted’ Crowdfunding Scams
January 12, 2022

It’s well known that fraudsters are nothing if not creative and cunning as they continually seek to prey on the most basic human traits of altruism and sympathy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Investments
Supply Chain Visibility Platform project44 Nets $420M
January 12, 2022

Supply chain visibility platform project44 has received a $420 million investment, the company announced Tuesday (Jan. 11). 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...

Investments
Estonia’s Bolt App Nets $714M to Scale Its Shared Mobility Platform
January 11, 2022

Tallinn, Estonia-based “super app” Bolt has announced its biggest funding round yet, according to a company blog post Tuesday (Jan. 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Banking
Citi to Shut Mexican Consumer, Small Business and Middle Market Banking Units
January 11, 2022

Citi will get out of the consumer, small business and middle market banking operations of Citibanamex to help focus more on other areas, the company announced Tuesday (Jan. 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Banking
BoA to End NSF Fees, Lower Overdraft Fee to $10
January 11, 2022

Bank of America will be debuting significant changes to its overdraft services, which will include plans to do away with non-sufficient fund (NSF) fees as of February and to cut overdraft fees from $35 to $10 as of May. Get the Full Story Complete the...

International
Ostrom Raises $5M to Go Green
January 11, 2022

The German energy supplier Ostrom is going green. 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...