In today’s top news in payments, officials at the Federal Trade Commission are considering blocking Facebook’s app integration, and Delta announces plans to combine its Delta Private Jets unit with Wheels Up. Also, PayPal has filed a lawsuit against the CFPB over its disclosure rules for digital wallets and prepaid debit cards.
In the latest antitrust look at Facebook, officials at the Federal Trade Commission are considering the possibility of a preliminary injunction against the social media giant over its policies on integrating its apps, including Messenger, Instagram and WhatsApp.
Delta Airlines announced on Thursday, Dec. 12, that it will combine its Delta Private Jets unit with Wheels Up, becoming the NYC-based company’s largest shareholder. The move, which should be completed in early 2020, will make it possible to bring the private flying lifestyle to a much larger base of individuals and businesses.
Bill.com took home a victory its first day on the trading floor on Thursday, Dec. 12. The B2B payments platform went public with shares priced at $22 and saw a 61 percent spike in its shares, hitting $35 by the end of the day.
In a lawsuit filed against the Consumer Financial Protection Bureau (CFPB), PayPal argues that digital wallets operate differently from prepaid and reloadable debit cards, and to lump them together in disclosure rules confuses customers and violates Free Speech protections.
Once the muscle of the market, challenger banks are now fighting to compete against new financial startups. In the latest Digital Banking Tracker, PYMNTS explores the innovative tools and technologies banks are using to keep their customers loyal.
Think about buying or selling a used car — without the risk of landing a lemon, the pressure of price negotiation, and the challenge of dealing with a slick salesperson. That’s the experience that Vroom, an online used car platform, is trying to create. Paul Hennessy, the company’s CEO, sat down with Karen Webster this week to discuss his plans to disrupt the entire automotive sales experience.