News

Partnerships / Acquisitions
Paychex, Clover Team On HR Management
December 23, 2020

Paychex, which provides solutions for HR, payroll, benefits and insurance, is offering users of Clover, a business management platform from Fiserv, the chance to streamline payroll services as well as time and attendance management, according to a press release. Get the Full Story Complete the...

Bitcoin
Bitcoin Daily: XRP Falls Nearly 40 Pct On Ripple Suit News; Digital Asset Platform OSL...
December 23, 2020

XRP’s price plummeted once more on Wednesday (Dec. 23) following the U.S. Securities and Exchange Commission’s lawsuit contending that the blockchain firm connected to the digital currency held a $1.3 billion securities offering that was not registered, CNBC reported. Get the Full Story Complete the...

CFPB
CFPB Settles Student Loan Case With Discover For $35 Million
December 23, 2020

The Consumer Financial Protection Bureau (CFPB) has settled with student loan servicers Discover Bank, The Student Loan Corporation and Discover Products (collectively Discover) in a 2015 case for unlawful practices, and Discover will have to pay $10 million in customer redress, a press release says....

CFPB
CFPB: Santander Must Pay $4.75 Million For Credit Reporting Violations
December 23, 2020

Santander Consumer USA was ordered to pay $4.7 million to the Consumer Financial Protection Bureau (CFPB) for violating the Fair Credit Reporting Act (FCRA), the CFPB said in a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Retail
Burger King To Give Some Venmo Users $1 To Promote New Dollar Menu
December 23, 2020

Burger King has launched a new promotion called the “$1 Your Way Menu” and in conjunction will put $1 in some Venmo users’ accounts through Dec. 28, the day the new menu takes effect, the company announced in a press release. Get the Full Story...

Regulation
Website Liability Reform Worries Smaller Players
December 23, 2020

While Facebook has said it is open to liability reform that would make websites more accountable for posted content, smaller players are concerned that they wouldn’t be able to afford the costs of expanded liability. Get the Full Story Complete the form to unlock this...

News
Today In Payments: Trump Blasts COVID Relief Package; Goldman Testing Wealth Management App For The...
December 23, 2020

In today’s top news, President Trump called for more money in stimulus checks, and Goldman Sachs is testing a wealth management app for the masses. Plus, consumer confidence in the U.S. dropped in December. Get the Full Story Complete the form to unlock this article...

Mobile Payments
Google Pay Revamp Boosts It To Top Finance App In Google Play Store
December 23, 2020

The Google Pay revamp, launched last month (Nov. 18), has catapulted the app to the top of the charts. 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...

News
Today In Payments Around The World: China Lengthens Deferrals For Small And Micro-Businesses; Ant Group...
December 23, 2020

In today’s top payments news around the world, China’s State Council reportedly said that small and micro-sized firms can defer loan payments past Q1 2021 as needed, while China’s Ant Group is curbing the borrowing limits for some young users of Huabei. Plus, U.K-based Liberis...