INDUSTRY INSIGHTS YOUR PEERS ARE READING
The Federal Trade Commission ( FTC ) has received a complaint against Facebook that alleges the social media giant wrongfully disclosed information on members of closed groups. Facebook closed groups Complaint data FTC groups Health News privacy social media MORE
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]. MORE
Credit union (CU) and bank trade groups are locked in another battle, this time arguing about oversight by the Consumer Financial Protection Bureau (CFPB). Regulation assets Banks CFPB Consumer abuse credit unions News regulations trade groups What's Hot MORE
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 MORE
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. MORE
An emerging group of financial services firms led by UBS Group is looking to develop a crypto-based system to settle cross-border trades. Credit Suisse Group AG, Bank of New York Mellon Corp., Blockchain cross border trade cryptocurrency News UBS Group What's Hot MORE
A representative of Fosun Group, which, at $13.1 Commerce Corporate Cryptocurrency Exclusive Insurance Payments Security Startups Antshares BlockChain cryptocurrency Fosun Group Onchain technology MORE
The Association of Canadian Travel Agencies (ACTA) is collaborating with Western Union to make cross-border payments easier. MORE
FairFX, a subsidiary of international payments firm Equals Group, has acquired Hermex International Limited (HermexFX) for £2 million ($2.4 million), Equals Group said in a press release on Friday (Aug. MORE
Delivery and pickup company Postmates has added a free group delivery option, according to reports. . The service is called Postmates Party, and it lets customers have meals delivered as part of a group. Delivery food delivery Group delivery News Postmates Postmates Party What's Hot MORE
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. MORE
This is why on first glance Match Group’s recently released Ship seems like something of an oddity. The app encourages singles looking to mingle to construct a group — their romance braintrust if you will — of people who are allowed to swipe for them. MORE
Citizens Financial Group joins the latest band of established FIs in launching its version of a digital-first bank called Citizens Access. MORE
Postmates is joining DoorDash and Caviar in offering its customers the option to place group orders. Group Orders allow you to share orders with friends so they can add items into your shared basket,” the company explained. MORE
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 MORE
Large investment and equity firm Carlyle Group has taken a majority stake in an artificial intelligence (AI) hiring firm called HireVue, according to a report by Bloomberg. Blackstone Group, another investment firm, is also trying to execute more growth equity investments. MORE
Another industry player, City of London Group, is slated to submit its U.K. “This has been another year of considerable progress for the City of London Group,” said Michael Goldstein, the firm’s chief executive. The U.K. MORE
JD.com and the biggest retailer in Thailand, Central Group, have launched a financial services app called Dolfin to help connect with local banks and increase the companies’ online presence, according to a report by Reuters. Central Group is owned by the Chirativat family. MORE
The Federal Reserve Bank of New York has announced the creation of the Fintech Advisory Group to bridge the communication gap between the FinTech industry and consumer organizations, the organization said in a release. The group plans to hold its first meeting on April 1. MORE
The Walt Disney Company announced that it has sold its equity interest in the YES Network to a newly formed investor group that includes Yankee Global Enterprises, Sinclair Broadcast Group, and Amazon. MORE
Amsterdam-based startup Creative Group announced it has raised €22 million in funding from Prime Ventures. Founded in 2010, Creative Group enables customers to digitally buy or send prepaid credit to spend with their favorite brands, as well as to send cross-border credit remittances. MORE
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. MORE
Facebook chose to incorporate the group that will govern Libra in Switzerland. The Internal Revenue Service is in the process of updating its 2014 guidance on cryptocurrencies following an April request from a bipartisan group of 20 lawmakers. MORE
Indian budget hotel startup OYO, which is backed by companies like Airbnb, SoftBank and Didi, has acquired @Leisure Group from Axel Springer for around $415 million (€369.5 The @Leisure Group is a great partner, and we are excited to broad-base their offerings. MORE
Facebook is facing breakup calls from a handful of advocacy groups that want the Federal Trade Commission to explore breaking up the social media giant. The group argued in the draft letter that Facebook should be forced to unwind those acquisitions because it didn’t protect users’ data. MORE
Ride-hailing firm Be Group in Vietnam is launching two delivery services to compete with Grab and Go-Viet, Deal Street Asia reported on Monday (Aug. Unlike Grab and FastGo, Be Group has also registered itself as a transportation business. MORE
SWIFT announced Thursday (April 4) that its working group of payments industry experts is creating a common end-to-end implementation to increase the move of cross-border transactions to the ISO 20022 standard. MORE
Equifax and Gwynn Group announced they are collaborating on an accounts receivable (AR) management solution that can support the entire collections life cycle. MORE
Business advocacy groups are fighting a proposed financial transaction tax aimed at limiting high-frequency trading, and decreasing the budget deficit. ” Regulation advocacy groups AFP financial transactions Modern Markets Initiative News tax What's Hot MORE
Bank Innovation is launching a Meetup group, where we plan to organize networking events, with insightful panels and (of course) happy hours. Are you a tech enthusiast? A banking professional? A developer, or a blockchain champion? We want to meet you! MORE
The group — the International Association of Trusted Blockchain Applications ( INATBA ) — officially launched on April 3 in Brussels and includes SWIFT, IBM, Ripple and around 100 other companies and organizations. MORE
It was announced today that Visa Europe Collab, part of Visa Inc, will be partnering with the world’s first publicly listed blockchain company, the BTL Group, in order to test out a proof of concept on running interbank settlements through blockchain. MORE
Europe’s The Restaurant Group (TRG), which operates over 650 restaurants and pubs across the country, is closing 150 eateries, Financial Times reported on Tuesday (Sept. Retail News Restaurants The Restaurant Group U.K. MORE
moneycorp, has acquired an Australian independent treasury advisory company called the Rochford Group for an undisclosed sum, according to reports. We can help accelerate Rochford’s growth by deploying their operating model through the moneycorp group.”. MORE
Norwegian banking alliance Eika Group is teaming up with EedenBull , India’s FinTech startup BharatPe notched $15.5 Eika Group, a Norwegian banking alliance, is teaming up with EedenBull for a partnership to create payment programs, EedenBull said in an announcement. MORE
PayPal Chief Executive Dan Schulman has opted to take a stance against groups promoting hate and laws that discriminate, even facing lawsuits to stand up for what the company believes is right. MORE
The group also noted that it expects digital currency exchange attacks to increase across the board – not just those by Lazarus. In addition, groups that typically attack banks may decide to target crypto exchanges because they realize those heists can be fruitful. MORE
Japan’s financial services giant Monex Group Inc. The owner of the hacked Japanese crypto exchange Coincheck is looking to join Facebook’s Libra cryptocurrency project. announced the company filed an application to join the Libra Association, CoinTelegraph reported on Friday (July 26). MORE
Central Group, Thailand’s largest retailer, confirmed Thursday (January 31) that it is investing $200 million in a unit of Grab, the Southeast Asia ride-hailing startup. Investments Central Group Grab investments News ride-hailing Thailand What's Hot MORE
Dozens of cybercriminal groups have found a home on Facebook , using the platform’s online marketplace to sell illegal services such as stolen credit card information, as well as account theft and spamming tools, according to Cisco Systems’ Talos security unit. MORE
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.” MORE
Groups Related Topics PYMNTS
AUGUST 26, 2019
Postmates is joining DoorDash and Caviar in offering its customers the option to place group orders. Group Orders allow you to share orders with friends so they can add items into your shared basket,” the company explained.
PYMNTS
FEBRUARY 19, 2019
The Federal Trade Commission ( FTC ) has received a complaint against Facebook that alleges the social media giant wrongfully disclosed information on members of closed groups. Facebook closed groups Complaint data FTC groups Health News privacy social media
PYMNTS
SEPTEMBER 3, 2019
Large investment and equity firm Carlyle Group has taken a majority stake in an artificial intelligence (AI) hiring firm called HireVue, according to a report by Bloomberg. Blackstone Group, another investment firm, is also trying to execute more growth equity investments.
PYMNTS
JUNE 3, 2019
An emerging group of financial services firms led by UBS Group is looking to develop a crypto-based system to settle cross-border trades. Credit Suisse Group AG, Bank of New York Mellon Corp., Blockchain cross border trade cryptocurrency News UBS Group What's Hot
PYMNTS
SEPTEMBER 3, 2019
Europe’s The Restaurant Group (TRG), which operates over 650 restaurants and pubs across the country, is closing 150 eateries, Financial Times reported on Tuesday (Sept. Retail News Restaurants The Restaurant Group U.K.
PYMNTS
JUNE 27, 2019
Amsterdam-based startup Creative Group announced it has raised €22 million in funding from Prime Ventures. Founded in 2010, Creative Group enables customers to digitally buy or send prepaid credit to spend with their favorite brands, as well as to send cross-border credit remittances.
PYMNTS
AUGUST 9, 2019
FairFX, a subsidiary of international payments firm Equals Group, has acquired Hermex International Limited (HermexFX) for £2 million ($2.4 million), Equals Group said in a press release on Friday (Aug.
PYMNTS
APRIL 5, 2019
Dozens of cybercriminal groups have found a home on Facebook , using the platform’s online marketplace to sell illegal services such as stolen credit card information, as well as account theft and spamming tools, according to Cisco Systems’ Talos security unit.
PYMNTS
MARCH 6, 2019
Business advocacy groups are fighting a proposed financial transaction tax aimed at limiting high-frequency trading, and decreasing the budget deficit. ” Regulation advocacy groups AFP financial transactions Modern Markets Initiative News tax What's Hot
PYMNTS
JUNE 21, 2018
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
PYMNTS
MARCH 20, 2019
Delivery and pickup company Postmates has added a free group delivery option, according to reports. . The service is called Postmates Party, and it lets customers have meals delivered as part of a group. Delivery food delivery Group delivery News Postmates Postmates Party What's Hot
PYMNTS
SEPTEMBER 9, 2019
JD.com and the biggest retailer in Thailand, Central Group, have launched a financial services app called Dolfin to help connect with local banks and increase the companies’ online presence, according to a report by Reuters. Central Group is owned by the Chirativat family.
PYMNTS
AUGUST 5, 2019
moneycorp, has acquired an Australian independent treasury advisory company called the Rochford Group for an undisclosed sum, according to reports. We can help accelerate Rochford’s growth by deploying their operating model through the moneycorp group.”.
PYMNTS
NOVEMBER 29, 2017
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].
PYMNTS
AUGUST 19, 2019
Hamas, the militant Palestinian group, has come up with a new way to raise funds for its terror campaigns: bitcoin.
PYMNTS
NOVEMBER 29, 2017
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.
PYMNTS
APRIL 5, 2019
The group — the International Association of Trusted Blockchain Applications ( INATBA ) — officially launched on April 3 in Brussels and includes SWIFT, IBM, Ripple and around 100 other companies and organizations.
Bank Innovation
AUGUST 23, 2017
A representative of Fosun Group, which, at $13.1 Commerce Corporate Cryptocurrency Exclusive Insurance Payments Security Startups Antshares BlockChain cryptocurrency Fosun Group Onchain technology
PYMNTS
MAY 1, 2019
Indian budget hotel startup OYO, which is backed by companies like Airbnb, SoftBank and Didi, has acquired @Leisure Group from Axel Springer for around $415 million (€369.5 The @Leisure Group is a great partner, and we are excited to broad-base their offerings.
PYMNTS
MARCH 26, 2019
The Federal Reserve Bank of New York has announced the creation of the Fintech Advisory Group to bridge the communication gap between the FinTech industry and consumer organizations, the organization said in a release. The group plans to hold its first meeting on April 1.
PYMNTS
AUGUST 29, 2019
The Walt Disney Company announced that it has sold its equity interest in the YES Network to a newly formed investor group that includes Yankee Global Enterprises, Sinclair Broadcast Group, and Amazon.
PYMNTS
MARCH 20, 2019
Equifax and Gwynn Group announced they are collaborating on an accounts receivable (AR) management solution that can support the entire collections life cycle.
PYMNTS
MARCH 29, 2019
This is why on first glance Match Group’s recently released Ship seems like something of an oddity. The app encourages singles looking to mingle to construct a group — their romance braintrust if you will — of people who are allowed to swipe for them.
Bank Innovation
JULY 11, 2018
Citizens Financial Group joins the latest band of established FIs in launching its version of a digital-first bank called Citizens Access.
PYMNTS
JULY 16, 2019
Another industry player, City of London Group, is slated to submit its U.K. “This has been another year of considerable progress for the City of London Group,” said Michael Goldstein, the firm’s chief executive. The U.K.
PYMNTS
MARCH 18, 2019
City of London Group (COLG) announced that it has raised £15.2 B2B Payments B2B banking City of London Group FinServ funding News Recognise Bank Shares SMB What's Hot In B2B
PYMNTS
APRIL 5, 2019
Norwegian banking alliance Eika Group is teaming up with EedenBull , India’s FinTech startup BharatPe notched $15.5 Eika Group, a Norwegian banking alliance, is teaming up with EedenBull for a partnership to create payment programs, EedenBull said in an announcement.
PYMNTS
JULY 28, 2019
Japan’s financial services giant Monex Group Inc. The owner of the hacked Japanese crypto exchange Coincheck is looking to join Facebook’s Libra cryptocurrency project. announced the company filed an application to join the Libra Association, CoinTelegraph reported on Friday (July 26).
PYMNTS
MAY 8, 2019
Credit union (CU) and bank trade groups are locked in another battle, this time arguing about oversight by the Consumer Financial Protection Bureau (CFPB). Regulation assets Banks CFPB Consumer abuse credit unions News regulations trade groups What's Hot
PYMNTS
JANUARY 24, 2019
Facebook is facing breakup calls from a handful of advocacy groups that want the Federal Trade Commission to explore breaking up the social media giant. The group argued in the draft letter that Facebook should be forced to unwind those acquisitions because it didn’t protect users’ data.
Bank Innovation
OCTOBER 31, 2017
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
PYMNTS
NOVEMBER 14, 2017
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.
PYMNTS
AUGUST 5, 2019
Ride-hailing firm Be Group in Vietnam is launching two delivery services to compete with Grab and Go-Viet, Deal Street Asia reported on Monday (Aug. Unlike Grab and FastGo, Be Group has also registered itself as a transportation business.
PYMNTS
AUGUST 8, 2019
The Association of Canadian Travel Agencies (ACTA) is collaborating with Western Union to make cross-border payments easier.
PYMNTS
FEBRUARY 26, 2019
PayPal Chief Executive Dan Schulman has opted to take a stance against groups promoting hate and laws that discriminate, even facing lawsuits to stand up for what the company believes is right.
PYMNTS
OCTOBER 19, 2018
The group also noted that it expects digital currency exchange attacks to increase across the board – not just those by Lazarus. In addition, groups that typically attack banks may decide to target crypto exchanges because they realize those heists can be fruitful.
PYMNTS
JANUARY 31, 2019
Central Group, Thailand’s largest retailer, confirmed Thursday (January 31) that it is investing $200 million in a unit of Grab, the Southeast Asia ride-hailing startup. Investments Central Group Grab investments News ride-hailing Thailand What's Hot
PYMNTS
JANUARY 18, 2019
Lloyds Banking Group, which includes Bank of Scotland, Halifax and Lloyds, has suffered a faster payments glitch that affects customers’ ability to get money, according to reports.
Bank Innovation
SEPTEMBER 1, 2016
It was announced today that Visa Europe Collab, part of Visa Inc, will be partnering with the world’s first publicly listed blockchain company, the BTL Group, in order to test out a proof of concept on running interbank settlements through blockchain.
Bank Innovation
FEBRUARY 5, 2018
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.
PYMNTS
SEPTEMBER 2, 2019
Facebook chose to incorporate the group that will govern Libra in Switzerland. The Internal Revenue Service is in the process of updating its 2014 guidance on cryptocurrencies following an April request from a bipartisan group of 20 lawmakers.
Bank Innovation
JUNE 1, 2017
Bank Innovation is launching a Meetup group, where we plan to organize networking events, with insightful panels and (of course) happy hours. Are you a tech enthusiast? A banking professional? A developer, or a blockchain champion? We want to meet you!
PYMNTS
JUNE 14, 2018
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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