News

Banking
Chase Adds Rich, VIP Rewards To Sapphire DDA Accts
September 14, 2018

JPMorgan Chase is pulling out all the stops to get wealthy, young customers to open a new Sapphire bank account. The bank announced that customers who open a new Sapphire checking account, beginning in October, can earn 60,000 rewards points, which Sapphire Reserve cardholders can...

Regulation
FTC Chairman Eyes Tougher Tech Enforcement
September 14, 2018

The chairman of the Federal Trade Commission (FTC) said he might consider getting tougher on antitrust enforcement, which would have an impact on high-profile big tech companies such as Google and Facebook. Get the Full Story Complete the form to unlock this article and enjoy...

Ridesharing
Uber Autonomous Unit Invests $150M In Toronto
September 14, 2018

Uber’s CEO used his first visit to the company’s Canadian tech hub to announce a new engineering hub in Toronto. Dara Khosrowshahi revealed that Uber plans to invest in a $200 million expansion of its self-driving vehicle center in the city. The new engineering hub...

Security & Fraud
A Single Sign-On For Mobile Apps Coming Via US Wireless Carriers
September 14, 2018

AT&T, Sprint, T-Mobile and Verizon have joined forces to create a new service that could eliminate the need for a login and password for all the apps on your phone. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Payment Methods
NACHA ACH Payments Volume Tops 2 Billion
September 14, 2018

ACH Network volume surpassed 2 billion transactions in August, an increase of more than 10 percent compared to the previous year. NACHA — The Electronic Payments Association said the value of the payments was $4.5 trillion, an increase of 12 percent compared to last year. Get the Full...

CFPB
CFPB Sues Cos Making Loans Against Future Pension Payments
September 14, 2018

The Consumer Financial Protection Bureau (CFPB) announced that it has filed a complaint against multiple parties, accusing them of making loans against future pension payments. The defendants include Future Income Payments, FIP, BuySellAnnuity, Cash Flow Investment Partners and approximately two dozen others. Get the Full...

Retail
Apple, Nike Lose Favor With Chinese Consumers
September 14, 2018

A new survey has found that big retailers like Apple and Nike are losing favor in China, as consumers are showing a preference towards local brands. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Security & Fraud
DEEP DIVE: How Banks Use Data To Build Customer Profiles
September 14, 2018

PYMNTS examines the latest threats to digital banking platforms, and how FIs are looking to stop fraudsters in their trackers.

News
Five At Five: Jet Brings New Fuel To eCommerce
September 13, 2018

Welcome to Five at Five, your late look at the day’s payments and commerce news. Coverage includes a look at the latest move by Jet.com to up its online retail game, along with a new Starbucks delivery push. An autonomous truck debuts, Apple does not...