Facebook Brings Subscription Service To Groups

PYMNTS

Facebook announced that it is testing out subscriptions with a small number of groups to support group admins who lead the communities. Group admins build safe and supportive communities that people come back to every day,” wrote Alex Deve, Product Director, Groups, at Facebook. “We The groups will then share input and feedback with the social media giant. With this new subscription service, reports say that the group admins will be allowed charge $4.99

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Airbnb Rolls Out Group Payments

PYMNTS

Booking a group trip on Airbnb just got easier: Users now have the ability to split payments with their fellow travelers. A recent poll from Airbnb found that 43 percent of users have lost $1,000 or more in repayments from group trips, 18 percent say they’ve lost $10,000 or more from not getting repaid after group trips and 29 percent have fought with a friend over group trip repayment.

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Taking The Pain Out Of Group Outings

PYMNTS

Every group of friends has a social director, Fevo CEO Ari Daie told Karen Webster in this week’s Matchmakers conversation – that one person who organizes the cats and gets a group of otherwise passive adults organized for a game, concert or weekend trip. They have to organize the group, figure out when everyone is free, what they want to pay for tickets and then how to purchase that block of tickets for the group. [link].

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CFPB Fines Debt Collector Security Group $5 Million

PYMNTS

The Consumer Financial Protection Bureau fined Security Group, the debt collector, $5 million in the first fine against a company since it hit Wells Fargo with a $1 billion penalty in April. The Wall Street Journal , citing the Consumer Financial Protection Bureau, reported that the CFPB charged Security Group with making “improper in-person and telephonic collection attempts” and “physically preventing consumers from leaving their homes and visiting and calling consumers’ places of work.”

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Facebook Adds Group Stories

PYMNTS

Separately, Facebook said it is also rolling out Stories for Groups and Events , which will enable users to add posts that the rest of the group can view. Users will see Stories on their Event and Group pages, as well as at the top of their News Feeds, and will also be able to post while inside Events and Groups. Facebook’s Groups are focused on specific topics, such as hobbies, professions and locations.

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Verint Systems Invests In Military-Grade Cybersecurity Firm NSO Group

PYMNTS

is looking to buy NSO Group, an Israeli company that sells military-grade technology, for around $1 billion. In 2016, researchers at Citizen Lab — a group that investigates surveillance technology — revealed that they discovered NSO software in a link sent to the phone of a human-rights activist in the United Arab Emirates, and that the software was being used by foreign governments to spy on citizens. software company Verint Systems, Inc.

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Australian Finance Group Teases SMB Loan Platform

PYMNTS

Australian Finance Group said Monday (Aug. Announced during Australian Finance Group’s financial earnings report, the solution will initially roll out in the second quarter of 2018 to help companies access commercial mortgages. “We’ll be building an initial panel of up to 10 lenders aimed at the core [SMB] market,” said Australian Finance Group chief executive officer David Bailey in a statement.

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Facebook Messenger Launches Group Payment Service

PYMNTS

Facebook just made splitting the check at dinner easier with the announcement that Messenger can now support group payments. According to TechCrunch , the free service, which for now is only available on Android and desktop, will allow users to pay either everyone in the group or individual members through a simple click of the payments icon (aka the dollar sign). A message will appear in the group chat to show who has paid.

Groups 116

UK Financial Reporting Group Says Blockchain Too Immature For Adoption

PYMNTS

According to reports, the group is taking a cautious approach to the technology. But the group also acknowledges that blockchain technology is not yet sufficiently developed to actualize its effect in the corporate finance space. The U.K. Financial Reporting Council’s Financial Reporting Lab has released a new report on the potential applications of blockchain in the corporate accounting space.

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Chinese Conglomerate Fosun Group Bets Big on Blockchain

Bank Innovation

A representative of Fosun Group, which, at $13.1 Commerce Corporate Cryptocurrency Exclusive Insurance Payments Security Startups Antshares BlockChain cryptocurrency Fosun Group Onchain technology

Groups 192

Progressive Advocacy Groups Want Facebook Broken Up

PYMNTS

A group of progressive advocacy groups, including MoveOn and Demand Progress, is calling on the Federal Trade Commission (FTC) to break up Facebook in the wake of the Cambridge Analytica data scandal. The groups contend that by doing so, they will gain the ability to communicate across social networks while also having strong privacy rules in place to protect consumers.

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Tech Trade Group Pushes National, Not State Data Privacy Laws

PYMNTS

Dean Garfield of the Information Technology Industry Council — a trade group that represents Google , Microsoft and other tech companies — is calling for faster development of national privacy norms to avoid opposing state rules. While the California bill faced no opposition, the legislation has alarmed some of the lobbying group’s members as a potential template for other state or national legislation.

Building Bridges To Emerging Consumer Groups

PYMNTS

Demographic groupings make sense. They offer insight into what consumers are buying so pitches can be customized, helping to avoid unnecessarily selling apparel and accessories to demographic groups that don’t buy them. Millennials are branching off into two groups: younger consumers just starting out, and “bridge” consumers who have entered their prime spending years.

Groups 100

Priceline Acquiring Momondo Group For $550M

PYMNTS

In an effort to capture a younger audience of travelers, Priceline has announced it will acquire Momondo Group for $550 million. Meta-search site Momondo Group’s core focus is a two-brand strategy to help attract a younger travel demographic. In Priceline’s press release, the Priceline Group’s CEO, Glenn Fogel, said, “Meta-search is appealing to consumers, and we’re keen to expand our global footprint. Retail Acquisition Momondo Group Priceline

Groups 116

TransferWise Teams Up With Groupe BPCE To Offer In-App Transfers

PYMNTS

With a partnership between TransferWise and Groupe BPCE , customers of the European banking group will be able to use TransferWise’s international money transfer service directly through the company’s app. In addition, TransferWise will have access to the banking group’s 15 million retail clients, Reuters reported. The pairing marks the first time that a large banking group in Europe will offer TransferWise’s service directly through its own app.

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UK SMB, Bank Groups Spar Over Low Lending Rates

PYMNTS

Small business group SME Alliance spoke to the House of Commons select committee to discuss small firms’ ongoing challenges in seeking bank loans. Traditional banks remain reluctant to lend to small firms, the group said, using their size to gain a legal advantage over SMBs that file complaints with FIs. small businesses continue to struggle with access to bank funding, according to reports in Financial Times on Friday (March 30).

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UK Bank Industry Trade Group Launches Review Of SMB Mistreatment

PYMNTS

The group appointed Simon Walker to lead the review, which will specifically look at the way banks handle complaints filed by small business borrowers. Reports said the group aims to develop alternative solutions to dispute resolution and to address the needs of both banks and small businesses when mitigating.

Groups 160

zSpace Joins OpenXR Group To Define Standards For VR Devices

PYMNTS

zSpace, an education company that brings mixed reality experiences to computing, announced Wednesday (March 1) that it is joining the Khronos Group’s OpenXR working group to define a cross-vendor, royalty-free open standard for access to modern virtual reality (VR) devices. Payment Methods The Khronos Group’s OpenXR virtual reality VR devices What's Hot zSpace

Groups 148

Trade Group Demands Alibaba Blacklisting

PYMNTS

According to reports , the American Apparel & Footwear Association (AAFA) — a trade group representing a host of global brands — has sent an appeal to the Office of the United States Trade Representative (USTR) formally requesting that Alibaba and its eCommerce platforms be returned to the agency’s list of Notorious Markets. Counterfeiting has been a contentious topic in 2016, especially as it relates to China’s most powerful e-Commerce player, Alibaba.

Groups 140

CME Group Announces Plans for Bitcoin Futures, Causing Price Surge

Bank Innovation

Exchange operator CME Group has announced plans to launch bitcoin futures in the fourth quarter. Cryptocurrency Exclusive Online Payments Bitcoin bitcoin futures CME Group cryptocurrency futures

Groups 151

SBA Taps Accountancy Group To Fight SMB Red Tape

PYMNTS

The U.S. Small Business Administration (SBA) is launching a new initiative to help small firms struggling with regulatory issues and is enlisting the help of accountants to do so. In a press release issued on Monday (June 25), the SBA announced a strategic alliance with the American Institute of Certified Public Accountants (AICPA) to help small businesses (SMBs) facing regulatory compliance and enforcement issues.

Groups 122

Promontory Financial Group CEO on the future of RegTech

Insights on Business

Gene Ludwig, the CEO and founder of Promontory Financial Group , recently sat down with Bloomberg Law in a wide-ranging interview to discuss his predictions for the future of RegTech, blockchain, and where he sees the markets going in the next three to five years.

Groups 141

Consumer Groups Plan Complaint Over Facebook’s Facial Recognition

PYMNTS

A coalition of consumer groups are planning to file a complaint with the U.S. The groups contend the technology violates the privacy of the social media platform’s users, Reuters reported. Federal Trade Commission (FTC) over Facebook ’s use of facial recognition to tag photos. The scanning of facial images without express, affirmative consent is unlawful and must be enjoined,” Electronic Privacy Information Center (EPIC) said.

Groups 142

Debuting In Japan: The World’s First Cryptocurrency Pop Group

PYMNTS

The J-pop group contains eight girls, each of whom represents one of the larger digital monetary formats. The group’s first single, “The Moon and Virtual Currencies and Me,” is about the importance of proper online security and the risks of fraud. Further evidence that bitcoin and all associated digital currencies are entirely serious competitors to fiat currency: Japan’s latest pop sensation is Kasotsuka Shojo, a band whose name translates to Virtual Currency Girls.

Mastercard Selects Diverse Group For Latest Start Path Program

PYMNTS

Mastercard has announced the list of startup companies chosen to participate in its Mastercard Start Path program, a group the company is calling its “most diverse class” ever. Mastercard revealed the list in a recent announcement, including startups that span a range of verticals. Those partaking in the program, which aims to support later-stage FinTech and technology startups, total 11 firms selected from five countries.

Groups 176

EU Creates Social Media Working Group To Observe Data Harvesting

PYMNTS

A multi-billion dollar social media platform saying it is sorry simply is not enough,” Andrea Jelinek, chair of the group of EU data protection authorities, said in a statement, according to Reuters. This is why we are creating a Social Media Working Group. The group still has to create a long-term strategy, but did not include any details on what steps it was going to take.

Priceline Group Gets A New Name

PYMNTS

As Priceline Group focuses in on its hotel and home rental business, the online travel company announced it had changed its name on Wednesday (Feb. It is now known as Booking Holdings, according to CNBC reports. As a result, the company will change its NASDAQ ticker from PCLN to BKNG. Priceline grew during the dot-com era, when it ran advertisements promoting its “name your price” feature for booking flights, then went on an acquisition binge following the dot-com’s crash.

Groups 109

Sageworks user groups: Why attend?

Sageworks

Sageworks User Groups provide an increasingly rare opportunity to be in a room full of peers, industry experts and staff from a critical vendor. The intersection of these groups allows for three distinct and valuable learning experiences. A group conversation specific to Sageworks usage is a powerful way to provide feedback and enhancement requests (and is greatly appreciated by the Sageworks staff!).

Groups 100

Lloyds Banking Group Joins BofA, Chase, and Citi in Banning Bitcoin Purchases on Cards

Bank Innovation

Today Lloyds Banking Group confirmed it has banned customers from buying bitcoin with their credit cards. EXCLUSIVE – Add one more to the mix. The move comes only days after U.S. banks including Bank of America, Citi, and JPMorgan Chase have done the same.

Groups 161

Discover Pact Desjardins Group Deal Expands Canadian Footprint

PYMNTS

Discover Global Network, the unit of Discover Financial Services, announced Wednesday (May 24) it has entered into an agreement with Desjardins Group, the cooperative financial group in Canada, through its Monetico payment solutions to expand acceptance in Canada. Payment Methods canada credit card Desjardins Group Discover discover global network News What's Hot

Groups 116

KFC Partners With Ingenico Group For Payment Solution

PYMNTS

to Ingenico Group ’s Telium Semi-Integrated solution. Ingenico Group has helped KFC U.S. To provide customers with a fast and secure payment solution no matter where they pay, KFC uses a mix of Ingenico Group’s iSC250 and iPP350 smart terminals at the counter and iPP350 smart terminals for its drive-thrus. With Ingenico Group, the quick-service restaurant (QSR) chain was able to transition from a fully-integrated to semi-integrated model.

Groups 116

Another Group of Hackers Target Swift, According To Symantec

PYMNTS

A second hacking group is targeting banks through the Swift Inerbank Messaging system, according to a report out from cyber-security firm Symnatec yesterday (Oct. The group is leveraging similar but distinct tactics from the group that orchestrated an $81 million hack of Bangladesh’s Central Bank earlier this year. Odinaff, on the other hand, appears to be a financially motivated criminal group, according to Symantec.

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Q&A on Networking Groups (mp3)

MZ Bierly Consulting, Inc.

Question: I am currently considering joining a networking group. This group limits members to one from each industry, however, when I attended the first introductory meeting there were three other bankers who wanted to join. Q&A on Networking Groups.

Groups 130

Q&A on Networking Groups (mp3)

MZ Bierly Consulting, Inc.

Question: I am currently considering joining a networking group. This group limits members to one from each industry, however, when I attended the first introductory meeting there were three other bankers who wanted to join. Q&A on Networking Groups.

Groups 130

Consumer Groups Call Auto Lending Repeal ‘Dangerous Precedent’

PYMNTS

Consumer groups are speaking out against a Senate measure that would overturn the Consumer Financial Protection Bureau’s auto lending regulation. Sixty-four consumer groups oppose the Senate vote, explaining that Congress should have reviewed the guidance when it was first issued by the CFPB in 2013. Two auto-safety related organizations — Consumers for Auto Reliability and Safety and the Center for Auto Safety — were among the groups that signed the letter.

Groups 116

Walmart: Labor Group’s App Is A Scheme

PYMNTS

More than 20,000 members strong, there is a Facebook group dedicated to Walmart employees, who swap similar stories, experience, questions and answers. Retail app labor labor group social media walmartJust in time for the holidays, Walmart employees are being lured to download a smartphone-based social media app aimed at advocating for better pay and labor benefits. But Walmart reps say it is advocating against employees logging on to the platform.

Groups 133

Wells Fargo Head Of Innovation Group To Retire

PYMNTS

Wells Fargo announced on Tuesday (May 22) that Steve Ellis, head of the innovation group, will retire after nearly 31 years with the company. In a press release , the national bank said that in September, Lisa Frazier will become head of the group, which is in charge of accelerating Wells Fargo’s creation and delivery of next-generation products and services. In addition, she has served as an advisor to the ANZ Banking Group and Citi FinTech. “I

Groups 100

Dalumi Group Buys Online Luxury Jeweler Zoara.com

PYMNTS

The Dalumi Group, the Israeli diamond enterprise, announced Monday (Nov. In a press release , The Dalumi Group said Zoara.com has sales in more than 40 countries around the globe and is a main player in the online sales of loose diamonds, diamond engagement rings and diamond jewelry. In a press release, Blue Nile said, in the all-cash deal, an investor group will buy all of Blue Nile’s outstanding shares for around $500 million.

Groups 140

Web Financial Group Brings AI To Digital Wealth Platforms

PYMNTS

Web Financial Group, a data-driven managed service solutions provider, and Selerity, an artificial intelligence (AI)-powered contextual search and automation company, announced Wednesday (April 19) they have partnered on content personalization solutions for the digital wealth market. Utilizing Web Financial Group’s products, Selerity’s AI can be integrated into client platforms to provide an intuitive, personalized workflow for retail investors.

Groups 109

Senators Call On Financial Services Trade Groups To Condemn Bannon

PYMNTS

16) calling on financial services trade groups to condemn Bannon’s appointment. The open letter to the financial services trade groups focused on some of his most “egregious” comments concerning women, African-Americans, Hispanics, Jews and Muslims and his purported ties to the white nationalist movement. Post-Election Donald Trump financial services Steve Bannon trade groups What's Hot

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