News

B2B Payments
BofA’s CashPro App Milestone Spotlights Treasury’s Digital Evolution
December 10, 2024

The days of chief financial officers and treasury teams being tethered to desktops or waiting for approvals via email are over. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Security & Fraud
Scam-Related Fraud Jumped 56% in 2024, Surpassing Digital Payment Crimes
December 10, 2024

As digital transactions play a role in the financial landscape, financial institutions invest heavily in fraud prevention tools. 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...

Retail
Amazon Seller Central to Integrate Intuit QuickBooks for Financial Management
December 09, 2024

Intuit’s QuickBooks will become Amazon’s preferred partner for financial management solutions integrated directly into its site, where Amazon sellers manage their businesses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

CFPB
Consumer Bankers Association Aims to Reverse CFPB’s ‘Radical Pendulum Shift’
December 09, 2024

The Consumer Bankers Association (CBA) said Monday (Dec. 9) that the incoming Trump administration and new Congress present opportunities to reverse the Consumer Financial Protection Bureau’s (CFPB) “radical pendulum shift.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Banking
Bank of England: Non-Banks Could Pose New Risks to Financial Stability
December 09, 2024

Non-bank financial institutions like pension funds, insurance companies, hedge funds and money market funds could present risks to financial stability as their role in the financial system grows, Dave Ramsden, deputy governor, markets and banking at the Bank of England, said Monday (Dec. 9). Get...

Regulation
FTC Begins Sending Refunds in Epic Games Settlement
December 09, 2024

The Federal Trade Commission (FTC) has begun sending over $72 million in refunds to consumers as part of a December 2022 settlement with Epic Games. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Banking
Reinventing Payments: Breaking Down Banking Infrastructure to Build a Composable Future
December 09, 2024

Banks rely on core tech to handle the basics: transactions, deposits, loans and more. But the kicker is that most of these systems were built decades ago. As in 1980, not 2010. Get the Full Story Complete the form to unlock this article and enjoy...

International
RBC Debuts International, Multicurrency Trading Service for Investors
December 09, 2024

The Royal Bank of Canada (RBC) launched an online, multicurrency international trading offering. 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 newsletter, PYMNTS Today....

CFPB
CFPB Bans Performant From Servicing or Collecting Student Loan Debt
December 09, 2024

The Consumer Financial Protection Bureau (CFPB) banned Performant Recovery from servicing or collecting any student loan debts and ordered the company to pay a $700,000 penalty after finding that it used unlawful debt collection practices. Get the Full Story Complete the form to unlock this...