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Facebook And Google Payments Efforts Top Week’s News

PYMNTS

Goldman Denies Discriminatory Apple Card Practices, Says It Will Reassess Limits. Goldman Sachs has promised to reevaluate how credit limits are determined for Apple Card users after being accused of gender discrimination. Amazon To Build $40M Robotics Innovation Hub Near Boston. Google Dives Into DDAs. Deutsche Bank told U.K.

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What Do Acting CFPB Director Uejio’s Comments on Consumer Complaint Responses and Potential Racial Disparities Mean for Regulated Financial Institutions?

CFPB Monitor

companies regulated by the CFPB appear to take consumer issues reported to the Bureau seriously, and if any are slow to respond, it would be a small fraction of only 3% of CFPB-regulated entities. What does all of this mean for regulated financial institutions and financial services companies? Based on that statistic, U.S.

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Travel, Retail Takes A Hit From The Coronavirus 

PYMNTS

Mayors from Boston and New York City, among other cities, are participating in a program in which Grubhub will halt the collection of a maximum of $100 million in commission payments from restaurants nationwide. In the markets, Wall Street banks are in discussion with regulators about putting aside rules against brokers telecommuting.

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The Week In Payments: Acquisitions, Partnerships And A Team Of Rivals Unite Over Standards

PYMNTS

The world of B2B payments saw its latest significant acquisition play this week with Boston-based private equity firm Great Hill announcing its intention to acquire VersaPay, a company that provides cloud-based invoice-to-cash solutions. Google, Amazon And Apple — The Connected Home Team Of Rivals . The B2B Receivables Revolution .

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The Curious Case For Breaking Up Tech Giants

PYMNTS

In the last few months alone, we’ve seen snow in Rome and three powerful nor’easters in Boston in the space of two and a half weeks — with some forecasts predicting a fourth this week. Galloway’s narrative asserts that “the four” — Facebook, Apple, Amazon and Google — should be broken up. Our really, really bad weather.

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2019: What To Take Forward And What To Leave Behind

PYMNTS

That was the year Apple introduced the first Mac, the Lisa, and a new shortcut for accessing work on the desktop. The Ted Williams Tunnel in Boston, by contrast, gets me far less excited, even though I use it a lot. Roughly 55,000 vehicles use it to get in and out of Boston every day. That just makes the point much stronger.

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Sizzle Or Fizzle: Restaurants Rule, FireEye Flounders And Lending Club Is Back On The List

PYMNTS

Boston-based venture Flywire was started seven years ago to enable these high value, low transaction volume payments via any payment method to be sent by these families anywhere in the world. Apple And The Aussies. So, if Apple Pay were to get a head of steam, those 15 basis points could end up costing those banks real money.

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