E-payment & Security, Technology
January 26, 2024
Via: Payments DiveThe Consumer Financial Protection Bureau issued a proposed rule Wednesday that would stop banks and other financial institutions from levying nonsufficient funds fees on transactions declined in real time. The proposed rule would ban NSF fees on declined debit purchases, […]
E-payment & Security, Technology
January 5, 2024
Via: Payments DiveThe Consumer Financial Protection Bureau’s open banking proposal doesn’t go far enough to protect sensitive consumer financial data, the Bank Policy Institute and The Clearing House said in a comment letter submitted Friday. The CFPB, which closed its comment period […]
E-payment & Security, Technology
November 3, 2023
Via: Payments DiveSpecifically, the company disclosed this regarding the SEC demand: “On November 1, 2023, we received a subpoena from the U.S. SEC Division of Enforcement relating to PayPal USD stablecoin.” The San Jose, California-based company, which caters to consumer and merchant […]
E-payment & Security, Technology
October 20, 2023
Via: Payments DiveThe Consumer Financial Protection Bureau on Thursday unveiled its long-awaited open banking proposal, a rule it says will give consumers greater control over their financial data by requiring banks to share such data with third parties like fintechs. The rule […]
E-payment & Security, Technology
March 24, 2023
Via: Payments DiveThe card issuers are required to report the data to the federal government twice annually under the The Fair Credit and Charge Card Disclosure Act of 1988. While the card information has historically been gathered from the 25 largest issuers […]
E-payment & Security, Technology
October 24, 2022
Via: Payments DiveAs valuations of consumer-focused buy now-pay later (BNPL) companies fall amid concerns of a potential recession, many investors and fintech startups are redirecting their attention to BNPL for businesses, or B2B BNPL. Businesses, it would seem, are a much more […]
March 19, 2024
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