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LendingClub Cutting 14% of Workforce as Interest Rates Pressure Marketplace
LendingClub Cutting 14% of Workforce as Interest Rates Pressure Marketplace
October 12, 2023  |  Digital Banking

LendingClub is laying off 172 employees — about 14% of its workforce — to reduce costs and navigate the “challenging macroenvironment.” The move will result in...

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Significant Drop in Apparel Prices Provides Relief from Inflation
Significant Drop in Apparel Prices Provides Relief from Inflation
October 12, 2023  |  Economy

Prices for apparel and household items saw notable declines in September, even as the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4%.  This...

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WooCommerce and Veem Partner to Expand Global Commercial Payments
WooCommerce and Veem Partner to Expand Global Commercial Payments
October 12, 2023  |  Commercial Payments

Open-source eCommerce platform WooCommerce has announced a partnership with Veem, a global payments provider, in a Thursday (Oct. 12) press release. This collaboration aims to...

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Worldline Introduces Flexible Commissions Payout in North America
Worldline Introduces Flexible Commissions Payout in North America
October 12, 2023  |  Digital Payments

Payment services provider Worldline has introduced a flexible payout feature that allows software and independent sales organization partners to choose the frequency at which they receive their...

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Astra and Till Financial Partner to Enhance Family Banking Solutions
Astra and Till Financial Partner to Enhance Family Banking Solutions
October 12, 2023  |  Partnerships

Astra, an infrastructure provider for faster payments, partnered with Till Financial, a company focused on collaborative family banking. The partnership aims to offer financial solutions...

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Papaya Global Introduces Direct Deposit Tool for Cross-Border Payments
Papaya Global Introduces Direct Deposit Tool for Cross-Border Payments
October 12, 2023  |  Cross-border Payments

Papaya Global, a leading provider of global workforce management solutions, has introduced a new tool for cross-border payments. The company’s Workforce Wallet allows employers to...

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Report: Google to Challenge EU’s Attempt to Break Up Ad Business
Report: Google to Challenge EU’s Attempt to Break Up Ad Business
October 12, 2023  |  Google

Google reportedly intends to challenge the European Union’s (EU) threat to break up its ad business. The tech giant has made it clear in a...

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RBI Fines Paytm Payments Bank for KYC Violations
RBI Fines Paytm Payments Bank for KYC Violations
October 12, 2023  |  Regulation

India’s central bank, the Reserve Bank of India (RBI), has fined Paytm Payments Bank for non-compliance, including Know Your Customer (KYC) regulations, according to an...

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TransUnion Faces Allegations of Violations of Fair Credit Reporting Act
TransUnion Faces Allegations of Violations of Fair Credit Reporting Act
October 12, 2023  |  CFPB

The Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) have taken enforcement actions against consumer reporting company TransUnion, alleging multiple violations of the Fair Credit Reporting Act....

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