article thumbnail

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

PYMNTS

DC AG Sues Instacart Over Fees Customers Thought Were Tips. Klarna, the Swedish-based global payments and buy now, pay later (BNPL) provider, reported mixed results for 2020’s first half — a 37 percent jump in operating income, but a 903 percent expansion in overall operating losses. operation in Culver City, California.

DC 141
article thumbnail

Federal Reserve Extends FedNow Service Comment Period

Perficient

The Board also proposed changes and clarifications to subpart B, governing the Fedwire Funds Service, to reflect the fact that the Reserve Banks will be operating a second funds transfer service in addition to the Fedwire Funds Service, as well as technical corrections to subpart A, governing the check service.

DC 309
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Retail Pulse: Framebridge Opens DC Store; Starbucks Hits 30,000-Location Milestone

PYMNTS

Framebridge has reportedly brought in a new point-of-sale (POS) system to give shoppers an experience that’s almost equivalent to shopping online. The coffee chain, which operates in 78 global markets, opened its first store in Seattle in the 1970s. Starbucks Coffee.

DC 109
article thumbnail

FinCEN and OCC address cryptocurrency: responsible innovation and pervasive hype

CFPB Monitor

Hsu discussed vulnerabilities in the cryptocurrency framework and recent volatility with stablecoins in pointed remarks at the DC Blockchain Summit 2022. leadership in the global financial system and economic competitiveness; financial inclusion; and responsible innovation. . Contagion risks are real.

article thumbnail

Cardtronics Posts 22 Percent Revenue Growth

PYMNTS

Cardtronics , the world’s largest ATM owner and operator, revealed that it has exceeded earnings expectations for the third quarter of 2017. The company, which is based out of Houston, TX and operates globally, had total revenues of $402 million in the quarter ending September 30, 2017 – a 22 percent increase from $328.3 million ($193.5

ATM 108
article thumbnail

VW To Test Robotic Chargers For Self-Driving Electric Cars

PYMNTS

Electrify America, a subsidiary of Volkswagen Group of America, has announced a pilot project to test the viability of robotic fast-charging systems for self-driving electric vehicles (EVs), CNBC reported on Monday (Aug. A robotic arm attached to a 150kW DC fast charger would perform the task of plugging into the car’s charge port.

article thumbnail

Dodd/Frank-CFPB: Small Business Lending Data Collection Rule

Abrigo

The CFPB said covered institutions could rely on borrowers to supply some information, such as the census tract of the business’s location, 6-digit North American Industry Classification System (NAICS) codes, and worker counts. This information needs to be codified in a computer system,” Lucci said. Rule comments due Nov.

Lending 195