News

Payment Methods
Regulators Feel the Pressure as Banks, FinTechs and Crypto Firms Vie for Wallet Share
December 13, 2021

Why are FinTechs threatening to upend the traditional banking industry? 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...

Investments
DiviPay Gets $20M in Series A Round
December 12, 2021

Sydney’s DiviPay, which works with spend management for smaller firms, has completed a Series A for $20 million, a press release says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Security & Fraud
Department of Homeland Security Warns of Vulnerability in Commonly Used Software
December 12, 2021

The Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA) is warning of a vulnerability affecting products containing the log4j software library, according to a CISA press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Security & Fraud
Ridesharing, Food Delivery Drivers Among Victims of Violent Crimes
December 12, 2021

Drivers for ridesharing and food delivery companies have been among those who have been victimized during a nationwide surge in the number of carjackings and other violent crimes, The Wall Street Journal (WSJ) reported Saturday (Dec. 11). In Minneapolis, for example, 11% of the carjackings...

Partnerships / Acquisitions
Rep. Maxine Waters Calls for Freeze on Huge Bank M&A Deals While Reviews Are Pending
December 12, 2021

Rep. Maxine Waters has called on the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) to put a stop to bank mergers and acquisitions (M&A) over $100 billion while the Fed and the FDIC review...

Security & Fraud
Employee Insiders Suspected of Stealing UK Banking Data
December 12, 2021

Fraudsters-turned-bank-employees are suspected of infiltrating U.K. financial institutions (FIs) and committing crimes, The Telegraph reported. 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,...

Regulation
PATA Act Would Oblige Social Media Firms to Disclose Data to Researchers
December 10, 2021

A new bill, titled The Platform Accountability and Transparency Act (PATA), would oblige social media firms to share platform data with independent researchers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
Today in Retail: Chewy Hits 20M Active Members; Nike Files Complaint Against Adidas Over Patents
December 10, 2021

In today’s top retail news, Chewy surpassed 20 million active customers in the third quarter as it continues to build out a pet health platform, while Nike has filed a complaint with the U.S. International Trade Commission asking it to block imports of certain Adidas...

International
Ireland’s Synch Payments Facing Probe From Ireland’s Competition Watchdog
December 10, 2021

Ireland’s competition watchdog announced Wednesday (Dec. 8) that is launching a full investigation into Synch Payments, a joint venture by AIB, Bank of Ireland, Permanent TSB and KBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...