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Commercial Cards Find Opportunity In Transparency, Lower Fees

PYMNTS

There is more than one way to drive commercial card innovation. For vendors, commercial card acceptance can be a matter of wielding technology to lower interchange costs. For vendors, commercial card acceptance can be a matter of wielding technology to lower interchange costs. Uber Jumps Into Biz Card Rewards.

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Today In Digital-First Banking: Ternio’s BlockCard Collaborates With Paxful For Debit Card; Fed Changes Main Street Lending Terms

PYMNTS

In today’s top news in digital-first banking, BlockCard is teaming with peer-to-peer (P2P) bitcoin marketplace Paxful for a new crypto debit card, while the Federal Reserve Board has modified the terms of its Main Street Lending Program (MSLP). Ternio’s BlockCard Teams With P2P Bitcoin Marketplace Paxful for Crypto Debit Card.

Maine 148
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FLEETCOR: FTC Allegations ‘Without Merit’

PYMNTS

The Federal Trade Commission (FTC) has filed a suit against Georgia fuel card firm FLEETCOR , alleging that it bilked customers out of millions of dollars in hidden fees, a charge the company denies, according to reports on Monday (Jan. The firm does business under its own “Fuelman” brand, as well as through co-branded cards. .

Georgia 130
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CFPB files lawsuit against debt-relief and credit-repair company and its owners and executives

CFPB Monitor

On June 29, 2021, the CFPB and the Attorney General of the State of Georgia filed a proposed order in connection with a joint lawsuit they filed a day earlier in federal district court in Georgia against Maryland-based debt-relief and credit-repair company Burlington Financial Group (“Burlington”) and three individual owners and executives.

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FTC: FLEETCOR Billed Clients Hidden Charges

PYMNTS

fuel card firm FleetCor Technologies Inc. The agency asked a federal judge in Georgia through a court filing to stop FLEETCOR, along with its chief executive, from charging hidden fees and also to disgorge ill-gotten proceeds, Yahoo Finance reported. billed clients hundreds of millions in hidden charges.

Georgia 130
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Oracle Brings FinTech Program To Brussels, Blockchain Poised For Growth In India

PYMNTS

In addition, blockchain technology is expected to take hold in India and BS/2 plans to expand its point-of-sale (POS) terminal network in Georgia. The firm said the market is dependent on the growth of digital payment solutions through a Unified Payment Interface (UPI) and digital wallets.

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AI and generative AI use cases in banking: 6 real-world examples

Abrigo

It’s showing up in music and entertainment , education , healthcare , and marketing. An example of a use case for predictive AI is Signature Bank of Georgia ’s addition of AI-driven check fraud detection software that finds fraud faster.

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