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Latest Results from /payments

/payments

FTC investigates 'surveillance pricing' based on customer data

The Federal Trade Commission is investigating how companies including Mastercard and JPMorgan Chase use AI and personal data for services that let firms set different prices for different people.

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Tim Berners-Lee unveils data wallet

Tim Berners-Lee is eying the next phase of the web as his company Inrupt launches a white-label "data wallet" that lets people store, manage and share their data.

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UK open banking hits 10 million users

More than 10 million UK consumers and small businesses are now regularly benefiting from using open banking technology.

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Brazil delays launch of recurring Pix payments

The Brazilian central bank has pushed back the addition of recurring payments to its Pix platform from October until next June.

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Stables launches stablecoin virtual card in Europe

Australian stablecoin payment startup Stables has launched in Europe with a Mastercard virtual card.

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Customer complaints over fraud reimbursement by Revolut surge

The UK's Financial Ombudsman has fielded a 35% surge in customer complaints about requests for reimbursement over scam thefts being denied by Revolut.

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FCA to lift customer onboarding restrictions for Modulr

The FCA is preparing to lift restrictions on the onboarding of new customers at UK fintech firm Modulr subject to advance notification.

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Ebury appoints Goldman Sachs to lead UK IPO

Santander-backed Ebury has reportedly appointed Goldman Sachs to lead a forthcoming £2 billion IPO in London.

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Fed fines Green Dot $44m

The Federal Reserve has fined Green Dot $44 million for "numerous" unfair and deceptive practices in the marketing, selling and servicing of its prepaid cards and its tax return preparation payment services.

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CFPB proposes rule for paycheck advance products

The interpretive rule is designed to help ensure US workers know the costs and fees of paycheck advance products.

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Cash App quits UK

Block is killing off its Cash App P2P payments service in the UK as it "deprioritises global expansion".

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Home equity-backed credit card provider Aven joins unicorn club

California-based Aven has raised $142 million to bring its home equity-backed credit card to homeowners across the US.