Transaction Services, a leader in payment processing, has partnered with Silverflow, a cloud-based payment processing platform, to enhance the management of customer payments, the companies announced Thursday (Oct. 19). The partnership aims to provide current and new clients with more capabilities and efficiency in payment...
J.P. Morgan Payments has chosen Trulioo, a leading identity verification platform, to combat fraud and other financial crimes for its clients, according to an announcement Thursday (Oct. 19). The partnership aims to support a simplified and frictionless payments experience worldwide. Ryan Schmiedl, Managing Director –...
The Consumer Financial Protection Bureau’s open banking rule is a rough draft. And much may change between the Thursday (Oct. 19) announcement of its new open banking proposal and what gets finalized, possibly as soon as next year. But the overarching themes — those of...
BMW Group is dipping its toe in the water with direct-to-consumer (D2C) sales, beginning with its Mini brand, as the auto industry increasingly integrates eCommerce. The luxury vehicle company announced Wednesday (Oct. 18) that, starting Jan. 1, it will sell the brand’s automobiles in Italy,...
Galileo Financial Technologies has unveiled its Payment Risk Platform to help combat fraud. The tool, announced Thursday (Oct. 19), is a “holistic fraud engine” offering real-time payment risk mitigation controls to FinTechs and financial brands, the company said in a news release. “In the fight against fraud,...
Staffing levels at some of America’s biggest banks are reportedly getting smaller. Aside from the country’s largest lender, JPMorgan Chase, the five biggest banks in the U.S. have quietly been cutting jobs all year, CNBC reported Thursday (Oct. 19.) In all, these banks have slashed 20,000 positions in...
Mastercard and Remitly Global, Inc. announced a partnership Thursday (Oct. 19) to expand access to cross-border payments and remittances. By integrating Mastercard’s Send and Cross-Border Services into the Remitly app, customers will have more choices in securely sending money to their loved ones abroad, the...
Amazon wants shoppers to get real-life feedback within the virtual world of its mobile ad. The retail giant on Thursday (Oct. 19) introduced Consult-a-Friend, a new mobile shopping experience now in testing that lets shoppers request, see and manage friends’ feedback on products on the Amazon...
Debit interchange fees may see a revamp — a refashioning of the charges levied on merchants, the likes of which has not been seen in a decade. Next week, the Federal Reserve will take up an examination of “proposed revisions to the Board’s debit interchange...
