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A group of trade associations representing European retailers reportedly asked the European Commission to take action against Mastercard and Visa under European Union antitrust rules, alleging that the companies charge high fees and don’t provide transparency on those fees.
In a letter dated Tuesday (May 13) and addressed to the commission’s antitrust chief, financial services commissioner and...
New York Attorney General Letitia James sued Capital One Wednesday (May 14), alleging the bank misled its customers about the existence of a savings account that provided higher interest.
The lawsuit’s allegations are similar to those made by the Consumer Financial Protection Bureau (CFPB) in a case the agency later dropped after a change in leadership, the Office of the New York State Attorney...
Lithic has expanded its card issuing platform to enable FinTechs operating in the United States to issue cards on the American Express network.
This addition unlocks a new network option for FinTechs looking to launch debit, credit and prepaid cards, Lithic said in a Wednesday (May 14) press release.
“By empowering FinTechs to issue cards on the American Express network, our customers now have a...
Expedia Group enhanced its B2B segment, Private Label Solutions, by adding APIs that help its partners build travel packages.
The new offerings will provide access to rental cars, bookable experiences, trip protection insurance and air travel, the company said in a Wednesday (May 14) press release.
Car API will offer access to cars from 110 brands in 190 countries and territories, Activities API...
Procurify introduced an analytics feature for its middle-market-focused spend management platform.
Spend Insights is designed to help finance and procurement teams make faster and better decisions by using a combination of centralized company spending data and artificial intelligence-powered analysis, according to a Wednesday (May 14) press release.
“Spend Insights shows what’s possible when you...
In many ways, it’s no longer a question of when blockchain technology will go mainstream across financial services. It’s becoming a question of when regulations will catch up for its use.
But when, or even if, cryptocurrency policy frameworks are brought to life, many observers from the traditional financial space are asking: what happens next — and how do any resultant fiscal policies get...
Uber has rolled out a series of products designed to help customers save money.
“We’re hearing it more and more these days — life just feels like a lot. Too complicated. Too uncertain. And above all, too expensive,” the tech giant said in its Wednesday (May 14) announcement. “That’s why at Uber we’re building practical products to make life a little more affordable — and a lot easier.”
Among the...
United States smartphone shipments leaped 30% year over year in March as manufacturers raced to bring new inventory into the country ahead of the tariffs that were anticipated and then announced by the President Donald Trump administration April 2.
The increase in shipments boosted U.S. inventories by 51% compared to March 2024, Counterpoint Technology Market Research said in a Wednesday (May 14...
British digital bank Zopa says it has raised 80 million pounds ($106 million) in new capital.
“We will use the funds to strengthen Zopa’s balance sheet without diluting shareholders as we prepare to enter everyday banking with the imminent launch of our flagship bank account,” the company said in a news release Wednesday (May 14).
“Having had a successful €80 million equity fundraise in November...
The federal credit union tax exemption was preserved during the markup of a tax reconciliation bill in the House Ways and Means Committee.
The legislation passed the committee on a 26-19 vote along party lines and now moves to the House Budget Committee where it will be combined into a full reconciliation package for consideration by the full House, the Defense Credit Union Council (DCUC) told...