A class-action lawsuit launched against banking giant Wells Fargo and digital payments network Zelle was dropped, Law360 reported. Seattle resident Luke Hartsock claimed he was scammed out of $7,500 and filed a lawsuit against Wells Fargo and Zelle on June 1 for allegedly failing to...
Financial services startup Airwallex is launching global payments in New Zealand to offer businesses international collections, multi-currency wallets in over 11 currencies, and local payouts in over 30 currencies, according to a Wednesday (June 29) press release. The launch provides New Zealand businesses with a transparent, faster...
Bed Bath & Beyond has replaced its CEO, the retailer announced Wednesday (June 29) in the wake of another disappointing earnings report. Sue Gove, an independent director on the company’s board and chair of its strategy committee, has been named interim chief executive of the...
The European Parliament will hold the last plenary session before the summer recess from July 4 to July 7, and lawmakers are rushing to get all the legal texts ready for a vote. As expected, the schedule for the next plenary session is packed with...
Today is Wednesday (June 29) and it’s the 15th anniversary of the iPhone, which changed the trajectory of mobile phones. Turkey said it won’t stand in the way of Sweden and Finland joining the NATO alliance, and Ukraine President Volodymyr Zelensky is expected to address...
Financial institutions (FIs) continue to modernize their business-to-business (B2B) payments ecosystem, addressing corporate clients’ need for streamlined payments and cash management while relieving their invoice reconciliation issues and lack of supplier portals. There is no singular perfect solution, however, as data indicates that FIs’ effectiveness...
Digital services became table stakes for financial institutions (FIs) of all types when the pandemic shut down thousands of physical branches and forced countless more to reduce hours. The added convenience of banking from home or on the go has made digital services the predominant...
“If you’re not on your game and protecting your customers,” Tom Shell, vice president of business development and solutions engineering at DataVisor, told PYMNTS, “the switching cost is just not very high” and could lead to lost business. Shell noted that the sheer volume of...
Israel-based computer vision company Trigo, which works on frictionless retail checkout, has debuted a new hybrid autonomous grocery store alongside Rewe, a German supermarket group, the companies announced Tuesday (June 28). Rewe Group is one of the biggest retailers and the second-biggest food retail chain...