News

CFPB
CFPB’s Mulvaney Could Stay Until the End of Year
May 09, 2018

The White House is stretching out the tenure of Mick Mulvaney, the acting director of the Consumer Financial Protection Bureau, by taking its time in nominating a permanent replacement, according to a report Tuesday (May 8) from American Banker. Get the Full Story Complete the...

POS Innovation
First Data Leads $12M Round In Restaurant POS Startup
May 09, 2018

Wagering that restaurants are seeking to learn more about their customers, First Data has invested in a restaurant software company. Salido raised $12 million in Series A funding, with First Data as an investor in the round, CNBC reported. Get the Full Story Complete the...

Banking
Goldman Sachs and Wells Fargo Eyeing The Credit Card Lending Market
May 09, 2018

Goldman Sachs and Wells Fargo are gearing up to go after the credit card lending industry as it seeks to access some of the $183 billion in fees and interest that comes along with credit card lending. Get the Full Story Complete the form to...

Security & Fraud
Shopify Launches Fraud Protect, One-Click Dynamic Checkout
May 09, 2018

It’s hard enough for well-heeled, established businesses to identify and fight eCommerce fraud. For smaller merchants with an online presence limited to marketplace platforms such as Etsy or Shopify, it can be nearly impossible. Get the Full Story Complete the form to unlock this article...

POS Innovation
Square Launches Fully Integrated POS For Restaurants
May 09, 2018

Square has announced the launch of Square for Restaurants, a fully integrated point-of-sale platform for full-service restaurants. 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...

Artificial Intelligence
White House To Host Tech Execs For Discussion About AI
May 09, 2018

Executives from tech companies including Amazon, Google, and Facebook are expected to travel to the White House this week to discuss the country’s future in artificial intelligence (AI). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Behind The Architecture Of Australia’s New Payments Platform
May 09, 2018

Just two months post-launch, Australia's faster payments platform — New Payments Platform (NPP) — has already handled over five million transactions with FIs, ranging from the biggest banks to the smallest credit unions. PYMNTS caught up with NPP Australia CEO Adrian Lovney to talk about...

Mobile Commerce
Ticketing (Finally) Comes To Google Pay
May 09, 2018

Since rebranding its various mobile and digital payments efforts under the moniker Google Pay earlier this year, Google has been aggressively introducing new functionality to give its users more reasons to use it. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Alternative Finances
Lending Club Surprises With Profits On Higher Loan Volume
May 09, 2018

Exactly two weeks ago today (April 25), LendingClub‘s stock hit an all-time low with the announcement of an FTC-backed lawsuit alleging that it loading up its borrowers with hidden fees on loans proffered through its marketplace – and, in some cases, that it attempted to...