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DC AG Is Suing DoorDash Over Tipping

PYMNTS

Attorney General Karl Racine is suing popular delivery company DoorDash, saying the company didn’t adequately distribute tips nor did it retroactively pay back those tips when its practices were changed, according to a report by TechCrunch. . The company said in August that it wasn’t going to pay workers back for lost wages. .

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Today In Payments: LendingClub Gets OK To Acquire Radius Bancorp; GDPR Penalties Escalate As EU Officials Crack Down

PYMNTS

financial health officer at LendingClub, tells Karen Webster that the combined company will create the first U.S. Plaid is focusing on European growth because of the high demand it sees there for payments services. UK To Require Companies To Pay Small Businesses In 30 Days. Anuj Nayar, VP, U.S.

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When rioters attacked the Capitol, these payment companies were quick to respond

Payments Source

Some companies cut off the flow of cash to insurrectionists, while others put a halt to their political spending. Their actions came quickly after the events of Jan.

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22 Bitcoin Companies Allowing Merchants to Accept Payments in Cryptocurrency

Let's Talk Payments

DC POS provides a simple, efficient and secure way for customers and merchants to pay with and accept bitcoin over the counter. Coinify is a digital payment platform that provides payment processing.

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Data Enablers: Valen Makes Insurance Human Again

PYMNTS

Small businesses can benefit big if they’re insured by a company that partners with Valen. CEO Dax Craig said his proudest moment since founding Valen has been hearing from clients after his company was acquired by the insurance technology firm, Insurity. “As DC: There is significant crossover between FinTech and InsurTech.

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DoorDash IPO Soars; Commission Caps Make Early News

PYMNTS

And yet the challenges that face the delivery companies and their platforms remain the same, remain real, and are mounting. And the district’s attorney general has sent a cease-and-desist letter that ordered the company not to charge rates that exceed the cap. And herein lies a conundrum for the platform companies.

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JD.com Joins China’s Central Bank To Advance Digital Currency

PYMNTS

Beijing-based vehicle-for-hire company Didi Chuxing Technology Co. Its efforts to digitize dates back to 2014 when China launched Digital Currency/Electronic Payments (DC/EP). JD won’t be the first eCommerce business to cooperate with the PBoC to bring digital currency to China.

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