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Singapore-Based DBS Launches Digital Yuan Merchant Collection Solution in China
Singapore-Based DBS Launches Digital Yuan Merchant Collection Solution in China
July 07, 2023  |  CBDC

DBS has launched a digital yuan (e-CNY) merchant collection solution and completed its first e-CNY transaction for a client. The Singapore-headquartered financial services group’s DBS China...

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SumUp Selects Form3 for Access to UK Faster Payments Scheme
SumUp Selects Form3 for Access to UK Faster Payments Scheme
July 07, 2023  |  Faster Payments

SumUp has partnered with Form3 to enhance its business account offering for United Kingdom customers. With this move, SumUp, a global FinTech that serves 4 million small businesses in 35...

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Dubai and Mastercard Forge Digital City Partnership for Economic Development
Dubai and Mastercard Forge Digital City Partnership for Economic Development
July 07, 2023  |  Partnerships

Dubai’s Department of Economy and Tourism (DET) has announced a partnership with Mastercard to accelerate the emirate’s growth in line with the goals of the...

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Senators Call for New Rules to Combat AI-Powered Scams
Senators Call for New Rules to Combat AI-Powered Scams
July 07, 2023  |  Fraud Prevention

Senators have called on regulators to protect consumers from artificial intelligence (AI)-powered scams. In a letter to Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra,...

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Meadow Lark Partners With OTR Solutions on Carrier Payment Systems
Meadow Lark Partners With OTR Solutions on Carrier Payment Systems
July 07, 2023  |  B2B Payments

Meadow Lark Agency has partnered with OTR Solutions on carrier payment systems. The strategic partnership will allow OTR Solutions’ back-office services to support Meadow Lark’s carrier payment process, giving Meadow...

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Report: GTCR’s Worldpay Acquisition Is Largest Buyout Financing Since Twitter
Report: GTCR’s Worldpay Acquisition Is Largest Buyout Financing Since Twitter
July 07, 2023  |  Acquisitions

GTCR’s acquisition of Worldpay is reportedly set to be the largest buyout financing since last year’s Twitter deal. Banks are preparing $9.4 billion of debt, including loans...

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Biden Administration Proposes Rules Targeting ‘Junk Fees’ in Health Insurance
Biden Administration Proposes Rules Targeting ‘Junk Fees’ in Health Insurance
July 07, 2023  |  Regulation

The President Joe Biden administration has proposed restrictions on “junk insurance” plans that don’t meet the standards of the Affordable Care Act. These short-term plans have taken advantage...

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Report: Apple Vision Pro Sales Process to Include Face Scans
Report: Apple Vision Pro Sales Process to Include Face Scans
July 07, 2023  |  Apple

Buyers of Apple’s mixed reality (MR) headset will reportedly have the device tailored to them before purchase. The company will gather information about the buyer’s...

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June Jobs Gain Lowest Since December 2020
June Jobs Gain Lowest Since December 2020
July 07, 2023  |  Economy

The unemployment situation changed little in June as the United States added 209,000 jobs. The unemployment rate stood at 3.6% — within the 3.4% to 3.7% range...

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