PSD2 and GDPR are changing all the rules when it comes to payments, presenting a unique opportunity for social media and technology companies to access customers’ information, data and money. These new regulations require banks to share their data with third parties, which have moved...
Tom Watson, an MP and deputy leader of the Labour Party, has said he’s asking the U.K.’s Competition and Markets Authority (CMA) to investigate Amazon’s $575 million investment in Deliveroo during its most recent funding round, according to a report by TechCrunch. Get the Full...
EU Competition Commissioner Margrethe Vestager said breaking up social media giant Facebook would be a last resort, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The Consumer Financial Protection Bureau (CFPB) said Friday (May 17) that it has filed a lawsuit in federal court against a debt-collection agency that, the agency said, violated the Fair Debt Collection Practices Act. Get the Full Story Complete the form to unlock this article and...
Most consumers have come to expect a one-stop, one-click shopping experience, and merchants want to deliver. eCommerce innovations have been focused on removing frictions for years, and many checkout processes have been streamlined to the point where customer frustrations are minimal. Get the Full Story...
Money laundering scandals have rocked the reputations of major financial institutions (FIs) that are consequently launching new efforts to repair their images. The Estonian branch of Danske Bank was accused of failing to screen $230 billion in suspicious funds, while Swedbank was accused of mishandling...
Eurozone banks are at risk of fragmentation and are turning away from cross-border activity, Reuters reported. 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 daily...
Sen. Bernie Sanders, a 2020 presidential candidate, has voiced his support in breaking up Facebook, according to reports, something fellow candidate Sen. Elizabeth Warren has called for as well. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
As the Consumer Financial Protection Bureau (CFPB) wades through the public comments about rules regarding payday lending, The Pew Charitable Trusts has weighed it with its own letter, this one urging the federal agency to reconsider the path its own. The letter is the latest...
