Bank Innovation

FEBRUARY 6, 2018

Payment processors Visa and Mastercard have re-classified bitcoin purchases and will now view them as “cash advances,” a category that will bring an additional 5% fee to those virtual currency purchases on credit cards, as reported today by TechCrunch. This fee would be in addition to the 4% fee a user takes when making a […].

Bitcoin 247

Bitcoin Cards Payments Report 247

PYMNTS

JANUARY 28, 2020

As eBay seeks to right its ship with its search for new leadership, as well as new revenue from StubHub (and perhaps even the sale of its classifieds unit or other assets), the online marketplace operator reported an earnings slide for the fourth quarter of 2019.

Taxes 130

Taxes Online Leadership Report 130

BankInovation

MARCH 20, 2024

NASHVILLE, Tenn. Fifth Third Bank says that added efficiencies to its chatbot have boosted its accuracy rate as it leans into generative AI. When it comes to technology, “our chatbot is one that we are really investing a lot of energy in,” Jude Schramm, chief information officer, said March 18 at Bank Automation Summit […]

Nashville 112

Nashville Technology 112

PYMNTS

FEBRUARY 27, 2019

Last month, a letter sent by Elliott advised eBay to sell both StubHub and its classified ads business so it could focus on its online retail marketplace. billion in the third quarter of 2018, StubHub generating $291 million in sales and the classifieds division earning $254 million. billion and $4.5

Online 100

Online Retail Operations Resources 100

PYMNTS

DECEMBER 17, 2018

17) a new partnership with Visa in which the two will enable secure card payments across peer-to-peer networks and classified ad sites. In a press release, Shieldpay said the partnership will result in the ability to use debit and credit cards for payments in the classified industry.

Cards 134

Cards Payments Fraud Security 134

PYMNTS

JULY 21, 2020

In today’s top news, Adevinta agrees to buy eBay’s classifieds division for $9.2 Adevinta Signs Deal To Buy eBay’s Classifieds Division For $9.2B. In a deal expected to create the world’s largest online classifieds company, eBay Inc. billion, and an independent panel plans to review the U.K.’s s FinTech sector. billion.

Fintech 140

Fintech Groups Payments Mobile 140

PYMNTS

JULY 20, 2020

In today’s top news, eBay is near a sale of its classified ad division to Adevinta, and Lollapalooza’s co-founder said live concerts won’t be back until 2022. eBay Nears Deal To Sell Classified Ad Division To Adevinta. Plus, Mastercard is expanding its crypto card partner program.

Payments 141

Payments Cards cryptocurrency Technology 141

PYMNTS

MARCH 1, 2019

Online marketplace eBay has agreed to review its StubHub and eBay Classifieds businesses, as well as appoint two new directors to its board, to avoid a proxy fight with activist investors.

Resources 117

Resources Course Operations Online 117

PYMNTS

AUGUST 11, 2020

The California judge who ruled that Uber and Lyft have to classify their workers as employees reportedly “saw straight through” the “bogus argument” that the companies’ workers like being classified as independent contractors instead. Becerra called that a “false choice.”

CA 276

CA California New York Report 276

Payments Dive

OCTOBER 6, 2020

The unfortunate scenario is many of those classified as a bad risk could realistically be one of the most credit worthy customers. For the unbanked, being able to establish credit is almost unattainable. Peter Barcak, CEO and founder of CredoLab PTE Ltd, explains how using AI technology can determine if a customer is risk-worthy.

Technology 377

Technology 377

PYMNTS

NOVEMBER 4, 2020

The outcome allows the ride-hailing and delivery companies to skirt a law that would have re-classified independent contractors as employees. The vote is a win for app-based tech platforms and could set a precedent for the rest of the country in how gig economy workers are classified. .

California 293

California Company Report 293

PYMNTS

AUGUST 12, 2020

Faced with the prospect of classifying its drivers as full-time employees, Uber Technologies Inc. 10), a judge granted a preliminary injunction requiring Uber and Lyft to stop classifying their drivers as independent contractors pending further action by the court. is likely to shut down temporarily in California. “If On Tuesday (Aug.

California 234

California New York Company Technology 234

American Banker

JUNE 20, 2023

California regulators are suggesting that programs that allow workers fee-free access to their earnings between pay periods should be treated as loan products. That's wrong and short-sighted.

California 57

California Regulation Lending Innovation 57

Accenture

SEPTEMBER 29, 2021

They have little in common with early optical character recognition (OCR), which was able to classify only very simple and structured documents. In the mortgage industry, early adopters of document automation technologies were underwhelmed with the results of their investment. Today’s advanced AI solutions are changing that perception.

Industry 235

Industry Technology Fintech 235

PYMNTS

FEBRUARY 4, 2020

ICE wants to take over eBay’s core marketplace business and not the company’s classified unit, which eBay had reportedly said it was considering selling. Analysts said the classified unit could be sold in the area of $10 billion. The deal would be worth billions, and ICE would probably have to pay a premium.

Comparison 130

Comparison New York Online Report 130

PYMNTS

AUGUST 10, 2020

A California judge has passed an injunction to force Uber and Lyft to stop classifying their workers as independent contractors rather than employees, CNBC reported. rideshare companies are classified has been a heated one for some time. The order, pending further court action, will take place in 10 days.

California 228

California San Diego Los Angeles San Francisco 228

Perficient

MAY 25, 2023

First, as digital asset securities, should the SEC classify digital assets such as cryptocurrencies and NFT as securities rather than derivatives, Promethium will be well positioned to offer the related custody services. The approval allows Promethium to custody digital asset securities on behalf of both retail and institutional clients.

cryptocurrency 251

cryptocurrency United States Retail Security 251

PYMNTS

MARCH 12, 2020

Spurred by frustration that eBay has not yet sold its online classified ads business or made changes to its board, activist investor Starboard is nominating a series of new directors to the company board, including Starboard’s head of research, Peter Feld. The marketplace business has also been the subject of takeover talk.

San Jose 143

San Jose CA New York Maine 143

Perficient

JUNE 29, 2020

2 Queries (Items Bought and Items sold) should first separately classify the In-stock and sold data. The newly-created field here – Bought/Sold will be a static identifier as shown below to classify records. The query should be constructed as given below.

Analytics 322

Analytics Analysis Data Examples 322

PYMNTS

MARCH 19, 2020

Starboard also criticized eBay for moving too slowly when attempting to sell its classifieds business , which Starboard felt was competing with the company’s main business. In February, Starboard Value sent eBay a letter asking that they get rid of their classifieds unit.

Comparison 141

Comparison Maine Management Company 141

PYMNTS

JANUARY 22, 2021

The bank wants to classify non-bank financial companies as one of four categories, based on circumstances like the size of assets, according to a discussion paper seen by Bloomberg. The Reserve Bank of India , according to the Friday (Jan. One proposition is a 9 percent core capital requirement on the top tier, akin to banks.

Regulation 272

Regulation Capital Lending Groups 272

PYMNTS

APRIL 25, 2016

The larger Uber grows, the more it has to confront an essential problem brewing at the core of the sharing economy: are the drivers it employs full employees — and thereby entitled to all the protections and regulations that comes with the status — or can the company’s ride-hailing empire continue to grow around a model that rests on a definition (..)

Massachusetts 100

Massachusetts San Francisco California Austin 100

PYMNTS

DECEMBER 27, 2020

In November, California voters, by a margin of about 58 percent to 42, adopted Proposition 22, which overturned a fairly young state law that made it harder for companies to deploy gig workers without classifying them as “employees” and providing the benefits employees receive.

California 269

California social media Policies Company 269

PYMNTS

FEBRUARY 6, 2020

Activist investor group Starboard Value recently sent eBay a letter saying that eBay should sell its online classified unit , and the group helped to persuade eBay to get rid of StubHub last year for $4.05 In a letter, Starboard said eBay should pay more attention to its core business. “For

Comparison 167

Comparison New York Groups Report 167

PYMNTS

FEBRUARY 6, 2020

Activist investor group Starboard Value recently sent eBay a letter saying that eBay should sell its online classified unit , and the group helped to persuade eBay to get rid of StubHub last year for $4.05 In a letter, Starboard said eBay should pay more attention to its core business. “For

Comparison 143

Comparison New York Groups Report 143

Bank Innovation

SEPTEMBER 6, 2017

EU regulators are presently considering changes to banking laws that classify software as a cost, rather than an investment. New rule changes under discussion by European Union regulators could allow EU banks to invest more in software, allowing them to better fight against cyber attacks, as well as to keep pace with fintech firms.

Software 273

Software Regulation Fintech Compliance 273

PYMNTS

OCTOBER 23, 2020

Silicon Valley rideshare giants Uber and Lyft must abide by a California Court of Appeals’ decision that they can no longer classify their drivers as independent contractors, pending a ballot measure giving voters a say on election day (Nov.

California 180

California Sacramento Report Company 180

PYMNTS

NOVEMBER 20, 2020

billion deal to sell its classifieds business unit to Norway’s Adevinta, which will create the world’s largest online classifieds company. Rolex accounts for 40 percent of luxury watch sales on eBay. He stepped down from the board this year. . The company is closing a $9.2 The deal is supposed to close in early 2021.

San Jose 246

San Jose Los Angeles California America 246

PYMNTS

NOVEMBER 25, 2019

The firm agreed to look into selling its internationally focused Classified business as well as StubHub. Elliott had noted that the classified business of eBay could sell for $8 billion to $12 billion and StubHub could sell for $3.5 The sale of StubHub to the Swiss ticket reselling marketplace is reportedly for $4.05 billion in cash.

Online 161

Online Management Report Company 161

Bank Innovation

OCTOBER 10, 2017

The directory classifies and categorizes these startups based on key areas. The Luxembourg Bankers’ Association (ABBL) today released a Fintech Map, essentially a directory of the country’s startup ecosystem. The purpose of the FinTech map is to facilitate increased interaction among the nation’s fintech community.

National 236

National Fintech Community Innovation 236

Bank Innovation

MAY 18, 2018

Financial services are taking on the task of innovating for Generation Z, usually classified as young people from ages 2 to 19. The prime age for marketers and financiers is 11-to-16-years old as they learn about establishing credit and working with banks.

Strategy 207

Strategy Innovation Marketing Online 207

Bank Innovation

JUNE 12, 2018

PREMIUM - Facebook built a bot called a "classifier" in order to identify credit, housing, and employment ads, in order to exclude them from the social network's "multicultural affinity" targeting tools, but the bot failed, and the result is that Facebook may have violated multiple federal laws concerning fair lending.

Lending 191

Lending Tools Compliance 191

PYMNTS

JANUARY 12, 2020

as well, mostly in the form of California’s new AB 5, which requires gig economy workers for companies like it to be classified as employees, rather than contractors. The wording of the bill drastically restricts which workers can be classified as contractors. And, it has got challenges in the U.S.

Regulation 146

Regulation Operations Company Marketing 146

PYMNTS

MARCH 3, 2020

The auction company is also inching closer to selling off its classified advertising business , which could be worth about $10 billion. Both Naspers and Axel Springer have classified businesses of their own. Potential interested parties include Blackstone Group, TPG, Naspers and German publishing company Axel Springer, among others.

Regional 140

Regional Groups Online Retail 140

Bank Innovation

JANUARY 23, 2019

Metro Bank Plc fell the most since going public after applying an incorrectly low-risk weighting to parts of its loan book, with the British lender’s chief saying he doesn’t know how long the mortgages in question had been wrongly classified. The shares plunged as much as 34 percent Wednesday and the bank’s bonds also fell […].

Metro 170

Metro Capital Online Fintech 170

PYMNTS

SEPTEMBER 26, 2019

The CEO tenure stretches from the spinoff of PayPal to this month’s reports that the company was eyeing selling its stakes in StubHub and the company’s Classifieds business. As has been reported by CNBC, Wenig had decided to step down amid a dispute over the sales of the company’s Classifieds business. Controversy Over Classifieds?

United States 108

United States Report Washington Leadership 108

Perficient

MARCH 9, 2021

This process of consolidation may require certain transactions or positions to be classified differently at the level of the consolidated firm versus subsidiary reporting entities. Unless otherwise specified, each reporting entity should include all subsidiaries’ reportable exposures within its scope of consolidation.

Report 294

Report Tools Data Company 294