The Federal Trade Commission (FTC) undertook enforcement actions around automobile purchasing and financing, payday lending, and credit repair and debt relief in 2022. The agency highlighted some of these actions in its annual report to the Consumer Financial Protection Bureau (CFPB) that details its activities regarding financial acts, the FTC...
Authorized push payments (APP) fraud victims in the U.K. could soon see faster reimbursements. That’s according to Great Britain’s Payment Systems Regulator (PSR) which on Wednesday (June 7) announced new requirements for banks and payment companies at a time when APP fraud is costing Britons close to £500 million...
Casey’s is prioritizing rewards program usage as leading convenience store chains look to drive digital adoption, even as the industry overall lags behind other retail categories’ tech efforts. On a call with analysts Wednesday (June 7) discussing its fourth quarter FY2023 financial results, Casey’s General...
ForwardAI has launched a B2B payments platform that enables real-time payments. The new Forwardly platform is designed to help small and medium-sized businesses (SMBs) in North America get paid faster, save money on processing fees and streamline workflows, ForwardAI said Wednesday (June 7). “Forwardly helps businesses accept payments faster, retain...
Germany’s Payrails has raised $14.4 million to help businesses streamline payment reconciliations and refunds. The Berlin-based startup, founded by a group of Delivery Hero veterans, announced the funding on its LinkedIn page Wednesday (June 7). Payrails says its operating system lets businesses “build, operate, and...
Silicon Valley Bank (SVB) UK’s new owner says the lender hasn’t lost its pro-startup philosophy. The bank, now owned by British banking giant HSBC, will continue to work with startup companies “from seed funding to IPO,” CEO Ian Stuart said in an interview with CNBC...
The power of voice artificial intelligence (AI) is echoing through boardrooms, living rooms and showrooms, driven by a combination of wonder, convenience and a dash of paranoia. File it under the ongoing rise of voice-powered smart personal assistants, which aren’t new, but they are gaining...
Stitch Fix is considering withdrawing from the British market as it rethinks its business. The online personal styling service said in an earnings announcement Tuesday (June 6) that it was exploring that option as part of a strategic review that will also see it scale back some of...
U.K. banking giant Barclays is reportedly considering major changes to its payments operations. The bank has spoken with consultants to determine whether it should expand some of its payments businesses or merge them with other providers, Reuters reported Wednesday (June 7), citing unnamed sources. The review will include Barclays...
