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Today In Payments: NYC Taxi Commission Accused Of Fraud; Apple Considers Letting Users Change Default Apps

PYMNTS

New York Attorney General Letitia James announced plans on Feb. 20 to sue New York City for allegedly fraudulent practices by its Taxi and Limousine Commission. These days, Groupon is apologizing to investors for its massive earnings whiff, closing down its physical goods operations and getting back to basics.

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Taking Real-Time Payment Rails To The Tipping Point

PYMNTS

Real-time payments are imperative for running successful operations in today’s global ecosystem. Digital payments sent internationally are expected to move past $1 trillion in 2025, but getting to that point will require support from payment providers, regulators and other such firms still building out the necessary infrastructure.

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Succeeding in the future of payments

Insights on Business

Customers increasingly demand new payment options like real-time payments and P2P payments, underpinned by security and trust. The costs of running payments operations, complying with a myriad of regulations and enforcing payments standards are increasing.

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National ATM Council Says NYC Ordinance Is Costly, Burdensome

PYMNTS

The National ATM Council (NAC) argued in testimony to the Committee on Consumer Affairs of the New York City Council last week that a proposed ordinance would impose costly and burdensome new security regulations on ATM operators all around the city. said Renard in the same press release.

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FinCEN and OCC address cryptocurrency: responsible innovation and pervasive hype

CFPB Monitor

On May 19, 2022, the Associate Director of the Enforcement and Compliance Division of the Financial Crimes Enforcement Network (“FinCEN”), Alessio Evangelista, spoke at the Chainalysis Links Conference in New York City on the topic of “The Intersection of Cryptocurrencies and National Security.”

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The ICBA 22/23 executive committee is all in

Independent Banker

Treasurer Sarah Getzlaff, CEO, Security First Bank of North Dakota, New Salem, N.D. Lucas White: We need to continue to differentiate community banks and educate policymakers on why tiered and proportionate regulation is necessary. ICBA executive committee (from left). Vice chairman Lucas White, President, The Fountain Trust Co.,

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Can Heineken Help Spark More Online Alcohol Sales?

PYMNTS

According to a report Monday (June 11) in Digiday , the sales will come from Heineken USA’s new eCommerce site, draftforhome.com, and will initially be limited to consumers in New York City before rolling out to the rest of the United States.

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