Latest News – Page 421

Payments Processor BlueSnap Agrees to $10 Million Settlement with FTC

BlueSnap and its former CEO have reached a settlement with the Federal Trade Commission (FTC) after being accused of knowingly processing payments for deceptive and...

Wells Fargo Launches Paze Online Checkout Feature for Customers

Wells Fargo is the latest lender to introduce Early Warning Service's Paze online checkout option for its debit and credit card customers. Wells Fargo customers...

MiddleGame Ventures Secures Funding for New Fintech Initiative

MiddleGame Ventures (MGV), a Luxembourg-based investment firm specializing in fintech startups, has successfully raised a new fund aimed at early-stage investments in Europe. The fund...

FCA Chief Invited to UK Parliament to Discuss ‘Naming and Shaming’ Initiatives

The head of the Financial Conduct Authority (FCA) has been called to parliament to explain why work on the regulator's 'naming and shaming' proposal is...

Visa Engages in Discussions for £700 Million Featurespace Acquisition

Visa is reportedly in "advanced negotiations" to acquire Featurespace, a British company specializing in financial fraud detection, for £700 million, according to Sky News. While...

Wells Fargo Announces Investigation into Zelle Complaint Management by US Authorities

Wells Fargo has disclosed that U.S. authorities are investigating how complaints related to the P2P payments service Zelle are handled. In an SEC filing, Wells...

Case Studies of CBDCs in China, Kazakhstan, the Bahamas, and Europe

On the second day of Sibos, Benedicte Nolens, head of the BIS Innovation Hub, moderated a session titled ‘Reality check: How far have CBDCs come?’...

Robinhood Crypto Alerts Potential SEC Action Ahead

Robinhood's cryptocurrency division has received a Wells notice from the Securities and Exchange Commission, signaling that the regulatory body is preparing for enforcement action. In...

Chime Penalized for Late Refunds

Digital banking giant Chime will pay over $4.5 million to settle with the Consumer Financial Protection Bureau (CFPB) for unlawfully delaying consumer refunds. Thousands of...

Fiserv Drives $150M Investment Round for Melio

Melio, a platform specializing in accounts payable and receivable for small and medium businesses, has achieved a valuation of $2 billion following a strategic funding...