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Today In Payments: Facebook Calls Out Apple; DC AG Sues Instacart

PYMNTS

Plus, Klarna reported mixed results for the first half of 2020. DC AG Sues Instacart Over Fees Customers Thought Were Tips. Report: Walmart Joins Microsoft on TikTok Bid. Report: How ING Group Is Using AI to Fight Financial Crime. In today’s news, Facebook called out Apple on its fee structure and transparency, and D.C.’s

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Facebook Negotiates Sandberg DC Hearing Testimony

PYMNTS

It was reported that the hearing could happen later in the year. The company helped build the Libra Association, a new organization incorporated in Switzerland, that would manage the currency. Officials, however, are still working out the details with the House Financial Services Committee , according to Bloomberg.

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Five Ways QSRs Are Encouraging Diners To Skip Lines And Order Ahead

PYMNTS

Reward points and discounts aren’t the only tool in the QSR playbook: The tracker found that many companies in the industry are looking to increase the convenience and security of their mobile-order ahead services. The total number of WeWork locations to offer sweetgreen mobile order pickup is reported to be 50.

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Finlocker Creates the Sticky App Countless Mortgage Product Managers Have Long Wished For (Fintech Startup of the Week)

Fintech Labs Insights

Today, I watched a 10 impressive demos at DC Fintech Week ( see list at bottom of post ). Finlocker also hopes that its platform continues to be used by homeowners after they’ve secured that first mortgage, the vision that’s inspired the estimated $100M valuation. And, most importantly, delivered via its lender clients (aka B2B2C).

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Big News: Behind the First U.S. Cybersecurity Assessment

FICO

Chamber of Commerce to help all American businesses be more aware of, and better manage, their cybersecurity risk. The first step in managing risk is quantifying it — and that’s exactly what the Assessment of Business Cybersecurity (ABC) does. businesses. Today’s inaugural ABC gives U.S. Today’s inaugural ABC gives U.S.

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Explore Regulatory Compliance Best Practices at FICO World

FICO

During this period of Congressional gridlock, much of the activity in Washington DC impacting the financial services industry remains focused on the development and implementation of new regulations. Model management continues to present financial institutions with new compliance obstacles. Please join us in Washington DC April 26 -29!

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The Perfect Credit Score: Understanding the 850 FICO Score

FICO

Typically, most lenders do not require an individual to have the highest credit score possible to secure the best loan features. These states also tend to demonstrate other “high achiever” behaviors in areas such as having a healthier lifestyle and higher education levels which likely correlate with sound credit management behaviors.