The Federal Deposit Insurance Corporation (FDIC) is setting up an office of innovation to encourage banks to adopt financial technology changes. FDIC Chairman Jelena McWilliams made the announcement at an American Bankers Association conference in New York, revealing that federal bank regulators need to encourage...
Before 2009, when Square launched in the U.S., the world of payments wasn’t terribly friendly terrain for small and micro-businesses looking to accept credit cards. The process was convoluted, and the outcome was generally expensive for the merchant. Get the Full Story Complete the form...
Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest ambition from Uber Eats, along with a story about a significant reduction in the number of unbanked U.S. consumers. Apple’s CEO calls for more privacy...
Grab, the ride-hailing company out of Southeast Asia, and Mastercard, the payment company, announced on Wednesday (Oct. 24) a partnership to issue prepaid cards tailored to the Southeast Asian market. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
TD Ameritrade, the Omaha, Nebraska online brokerage, announced Wednesday (Oct. 24) that it has enhanced its Alexa skill, enabling customers to place trades via voice commands. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Synchrony Financial‘s run as the exclusive credit card issuer for Walmart came to an end in July, with reports that Walmart decided this past summer to switch to Capital One Financial. According to a report in The Wall Street Journal, citing people familiar with the...
The great Toys R us derailing of early 2018 will still be being felt as the year heads into its end game — particularly as toy-buying season begins in earnest in early November. Get the Full Story Complete the form to unlock this article and...
Before starting a company that leverages existing food delivery platforms to sell snacks and candy, a Canadian entrepreneur noticed an interesting trend: There were delivery-only “restaurants” coming onto the scene that only served customers who ordered from Uber Eats. “In reality, it’s just a kitchen...
With kiosks and delivery services helping to boost check sizes, among other factors, McDonald’s beat earnings and revenue estimates for the third quarter. The quick-service restaurant (QSR) chain reported revenues of $5.37 billion and earnings per share of $2.10 compared to analysts’ estimates of $5.32...
