Payday lender ACE Cash Express has been accused by the Consumer Financial Protection Bureau (CFPB) of hiding free repayment alternatives from its customers. Due to ACE’s activities, reborrowing fees of hundreds or thousands of dollars were allegedly charged to borrowers who were eligible for free...
In the second installment of this series on the state of FinTech ecosystems in the Gulf Cooperation Council (GCC), PYMNTS will be taking a look at Bahrain, one of six Arab States in the union that consists of Kuwait, Oman, Qatar, Kingdom of Saudi Arabia...
California labor standards are beginning to apply to some 70,000 truck owner-operators, who make up the backbone of state’s transportation business, creating another bottleneck in already strained supply lines. Under Assembly Bill 5 (AB5), workers who fail to pass a three-part test will no longer...
Trade finance technology specialist Tradeteq has launched Tradeteq Access Lite, a marketplace for investors to participate in the secondary trading of trade finance assets, according to a press release. More than 40 members of the Trade Finance Distribution Initiative (TFDI) have already signed up on...
Global branded payments provider Blackhawk Network and buy now, pay later (BNPL) platform Klarna on Tuesday (July 12) teamed up to bring Klarna’s interest-free flexible payments solution into a variety of physical retail stores, according to a press release. The partnership will integrate BNPL capabilities...
Meeting end users’ needs requires companies to pay careful attention to how the payment preferences of consumers, vendors and industry partners are changing. It also requires companies to know what tools and technologies can help them keep pace with these shifts, according to “The Banking-as-a-Service...
The Bank for International Settlements (BIS) published on Friday (July 8) a report highlighting the benefits of interlinking arrangements and application programming interfaces (APIs) to enhance cross-border payments and the challenges that payment operators are facing. Both interlinking of payment systems and harmonizing API protocols...
FinTech-focused private equity firm Motive Partners has closed its second flagship fund, Motive Capital Fund 2, totaling $2.54 billion in capital commitments for the fund and its related investment vehicles, according to a Tuesday (July 12) press release. “The fund focuses on growth and buyout...
Amazon Prime Day 2022 is off and running, as are similar sales from other major retailers blowing out the overstocks built up to counter supply chain issues and now taking up space as back-to-school looms and the more ambitious among us start strategizing for holiday...
