For banks eyeing the impact of the Durbin Amendment — and the prospect of debit interchange caps — there might be some relief coming from Congress. A bill that was approved by the House Financial Services Committee — the Bank Resilience and Regulatory Improvement Act — would, among other things, raise the “threshold” to...
Paytm’s stock has reportedly fallen considerably amid the company’s troubles with Indian banking regulators. Shares in Paytm are down roughly 61% in the last six months, Bloomberg News reported Tuesday (May 21), one day before the company is set to issue an earnings report that will likely...
Pet parents are splurging on products and experiences that treat their dogs like their human relatives. Ollie, a company specializing in human-grade dog food, announced Tuesday (May 21) via emailed press release a partnership with premium ice cream brand Van Leeuwen to sell its first ice cream...
In the rapidly evolving world of artificial intelligence, a new challenge has emerged: AI systems that deceive, not by design, but as an unintended consequence of their complex inner workings. In one example of this phenomenon, an AI algorithm found a way to achieve its...
Opus Technologies has launched a payment integration framework designed for financial institutions. The new Paysemble helps financial institutions simplify technology adoption, migration and integration and ensure seamless operations, the company said in a Tuesday (May 21) press release. “Customers today expect a seamless and intuitive payment experience,” Opus CEO Praveen...
OneStock has raised $72 million to fuel the international expansion of its order management system (OMS). With this investment from global growth equity investor Summit Partners, the company will especially focus on the U.S. market, OneStock said in a Tuesday (May 21) blog post. “Since the beginning,...
Swift has unveiled new ways for financial institutions to streamline cross-border payments for corporate customers. The financial messaging service said it is doing this “by extending ISO 20022 across the entire payment chain and giving banks ready-to-use, white-labeled tracking services that can be activated for customers at the...
American Express (Amex) has teamed with travel and expense software provider Emburse. According to an Amex news release on Tuesday (May 21), customers can now connect their card programs to Emburse Spend to issue virtual cards, a payment option that replaces a physical card number with a...
MercadoLibre is reportedly in talks to get a banking license in Mexico. The Latin American eCommerce/FinTech is in discussions with Mexico’s central bank, finance ministry and banking regulators to apply for a license, Osvaldo Gimenez, president of Mercado Pago, the company’s FinTech operation, told Bloomberg News Tuesday (May 21). “The...
