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North Lane, daVinci Payments Finalize Merger; Form Syncapay

PYMNTS

North Lane Technologies and daVinci Payments said they have finished their merger, making a "high-growth, premier payment company with innovative technology and solutions," according to a Thursday (Dec. North Lane Technologies was known as Wirecard North America in the past. 10) announcement.

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UPS Looks To Drones To Speed Up Delivery

PYMNTS

“In 2019, UPS launched more new services and operational innovations than in any year in the company’s recent history,” said UPS Chairman and CEO David Abney. “We billion into its facilities in Pennsylvania. The company intends to have almost all of its facilities using package sorting automation by the end of 2021.

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Retailers Look To Digital Technologies After Beating The Street

PYMNTS

As quick-service restaurants (QSRs) look to the future, digital innovations such as self-serve kiosks and delivery are on top of mind. For example, the company has redevelopment plans for the land left behind by a JCPenney that will be demolished in Pennsylvania. Buoyed by strong consumer spending and its resilience in the U.S.

Retail 101
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OppFi files complaint to block “true lender” challenge by California Department of Financial Protection and Innovation

CFPB Monitor

The complaint recites that prior to 2019, the Bank entered into a contractual arrangement with OppFi (Program) pursuant to which the Bank uses OppFi’s technology platform to make small-dollar loans to consumers throughout the United States (Program Loans). Maryland, New York, North Carolina, Ohio, Pennsylvania, West Virginia, and Colorado.

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Equifax Buys Commercial Credit Data Company Ansonia

PYMNTS

Equifax , the Atlanta-based financial technology company, has purchased Ansonia Credit Data , a commercial credit data firm. Among its top competitors are Florida-based Cortera, Universal Credit Services in Pennsylvania and Colorado’s Advantage Credit, according to Owler.com. The price was not disclosed.

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Self-Driving Truck Hauls 40K Pounds Of Butter Across US

PYMNTS

is thought to be the first company to deploy a self-driving commercial truck to haul 40,000 pounds of butter roughly 42 hours cross-country from Tulare, California to Quakertown, Pennsylvania, ZDNet reported. Silicon Valley startup Plus.ai

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Enforcing AML/KYC Compliance When Legal Precedent Does Not Apply

PYMNTS

This is fueling a wave of interest and need for digital alternatives, many of which leverage biometric technology. The technology itself is not new — many consumers already use biometric authentication in their daily lives, with 80 percent of consumers using their fingerprints to unlock their smartphones, for example. Pennsylvania Gov.