Nov. 21, 2024
| Today’s news and insights for payments leaders
In finalizing the new rule to oversee digital wallet providers Thursday, the Consumer Financial Protection Bureau said it made important changes to its initial proposal.
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The e-commerce giant began letting needy families shop on its website with their federal benefits cards earlier this month.
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Deep Dive
After a year as CEO of the digital payments pioneer, Alex Chriss is spearheading an expanded role in commerce for the company.
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Interested in learning more about embedded payments and how you can leverage them for your business?
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The fintech couches its “cash out” product as earned wage access, but it’s a loan that, at times, carries 300% interest with a poorly disclosed fee for “instant” payouts, the AG said.
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Opinion
"Nonprofits and charities need every penny they can get to make effective change in times of crisis, yet big banks and credit card companies continue to take their cut," writes one policy analyst.
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