February 01, 2023
White House Moves To Slash US Credit Card Fees
President Joe Biden on Wednesday unveiled fresh efforts to slash credit card late fees and drive down the prices that Apple and Google parent Alphabet charge on mobile app stores. The...
February 01, 2023
Amazon’s Earnings May Spotlight Battlegrounds as Consumers Pull Back
When Amazon reports earnings on Thursday (Feb. 2), Wall Street will be focused on how much earnings drop, and on whether revenues top expectations. Layoffs? They’ll be under discussion too....
February 01, 2023
Is Crypto Market’s Rally a Good Thing for FTX Creditors?
A he-said-they-said war of words has been swirling around FTX’s solvency since its bankruptcy. The Securities and Exchange Commission (SEC) estimated that the crypto exchange’s customers have lost more than...
February 01, 2023
Commerce Department Says Apple & Google’s App Stores Wield ‘Gatekeeper’...
The Biden administration on Wednesday took its biggest swipe yet at app stores run by Apple and Google, with a new report accusing the two tech giants of exercising “gatekeeper”...
February 01, 2023
Perfect Corp Adds AI-Powered Photo Enhancement App
Artificial intelligence (AI) is now being deployed to fix photos that are pixelated, blurry or out of focus. Perfect Corp. — a New York Stock Exchange-listed Software-as-a-Service (SaaS) AI and...
February 01, 2023
Web3 Is Coming Fast, and Regulation Needs to Keep Pace
Web3 is a buzzword and concept that quickly rose to prominence during 2021 and 2022, alongside the continued investment in underlying blockchain technologies by institutions and nation-states across the board....
February 01, 2023
Orchestration Helps Merchants Avoid ‘Payments Chaos’ When Expanding Cross Border
Andy McHale, senior director, product and market strategy with Spreedly, told PYMNTS there’s the temptation to view credit cards as the primary method of paying for things — at the...
January 31, 2023
Sam Bankman-Fried Allegedly Planned to Restart FTX Abroad
FTX Co-founder Gary Wang said Sam Bankman-Fried wanted to transfer funds and restart FTX abroad. That’s according to a filing made Monday (Jan. 30) by the U.S. Department of Justice (DOJ),...
January 31, 2023
UK Watchdog Tackles Supermarkets’ Unit Pricing
Britain’s competition regulator will examine supermarket groups’ so-called unit pricing, or how much a particular product costs by weight or volume, to ensure shoppers can easily compare like for like,...
