News

Faster Payments
New EU Instant Payment Rules to Bolster Mainstream Open Banking Adoption
October 26, 2022

The European Commission (EC) published a draft proposal on Wednesday (Oct. 26) intended to force banks and payment service providers (PSPs) to offer 24/7 instant euro payment services. The new rules will take the form of an amendment to the Single Euro Payment Area (SEPA)...

CFPB
CFPB Eyes Open Banking’s Data Rules and ‘New Regulatory Approach’
October 26, 2022

The Consumer Financial Protection Bureau (CFPB) is facing legal challenges to its very structure and its reach — and where it gets it funding. But for now, at least, the rulemaking (or something like it) continues, shaping consumer finance, competition, open banking and data sharing....

Regulation
NY’s Fin Services Regulator Issues Revised Data Collection Proposal
October 26, 2022

New York State Superintendent of Financial Services Adrienne A. Harris has issued a revised proposed regulation that would allow the state’s Department of Financial Services (DFS) to collect data regarding how well New York-regulated banks are serving minority- and women-owned businesses. The proposal is pursuant...

Retail
Target and Apple Add Locations and Special Offers to Shop-in-Shop Partnership
October 26, 2022

Adding to the trend of store-in-store partnerships, Target and Apple have expanded their collaboration to include more Apple shops within Target locations as well as exclusive offers for members of the Target Circle loyalty program. The retailer has more than tripled the number of Apple at...

Retail
Google Search Rolls Out Tools to Boost Visual and Voice Shopping
October 26, 2022

You might only be looking to buy a plunger but from Google’s point of view, these kind of “in stock near me” search queries remain its bread-and-butter product within its most dominant business — albeit one that it is planning to dramatically modify through the...

Retail
Mattel CEO Says Toy Biz Is Defensive but Expects Late Shopping Surge
October 26, 2022

While acknowledging the broader economic obstacles facing his company along with others, Mattel’s CEO says he’s counting on demand for toys for the holidays. “While we’re seeing higher volatility related to macroeconomic challenges that may impact consumer spending, the toy industry has historically demonstrated its...

Retail
Angi, Walmart Partner to Offer Christmas Lights Installation
October 26, 2022

Home services referral company Angi and Walmart have expanded their partnership to include the installation and removal of Christmas lights. With this new collaboration, consumers can book professional light installation services from Angi and Walmart for nearly any Christmas lighting purchased from Walmart or already...

B2B Payments
CFO Tells of ‘3-Bucket’ Balancing Act at Healthcare Startup
October 25, 2022

For the chief financial officer (CFO) of a small, early-stage startup, every day is different. Broadly speaking, though, the duties fall into three categories, Greater Good Health CFO Michael Grover told PYMNTS. There is the core financial process that helps teams understand the financials of...

B2B Payments
Refinitiv Debuts Digital Onboarding Tool
October 25, 2022

Financial markets data and infrastructure provider Refinitiv has introduced a digital solution that helps businesses onboard customers remotely in a way that is secure, personalized and frictionless. The new global onboarding solution provides digital identity, document and account verification, together with biometric and know-your-customer (KYC)...