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Breaking News articles for April 2024

Green Sheet interviews Aevi, Silverflow CEOs

Friday, April 12, 2024

On February 26, 2024, a new partnership was formed between European fintech leaders Aevi, an in-person payment orchestration provider, and Silverflow, a cloud platform for global card processing. In an exclusive interview with The Green Sheet, company leaders discussed the new strategic alliance that will drive direct payment processing at scale under a unified, fully integrated processing platform.

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CFPB IDs risks in virtual game land

Tuesday, April 9, 2024

Looks like trouble may be brewing in the gaming sphere. The Consumer Financial Protection Bureau just issued a report suggesting growth in banking and payments features in gaming could be putting consumer's assets and personal data at risk.

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Policymakers, business leaders address global AI threats

Friday, April 5, 2024

A joint initiative between U.S. and UK policymakers, disclosed April 1, 2024, and a lawsuit filed Feb. 29 by Elon Musk against OpenAI GP LLC, reflect concerns about artificial intelligence and its potential to harm humans and the overall global economy.

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PayPal ruling lifts all digital wallets

Wednesday, April 3, 2024

A March 29, 2024, ruling by a federal judge ended a four-year debate between PayPal Holdings Inc. and the Consumer Financial Protection Bureau over digital wallet and prepaid card fee structures and disclosures. Judge Richard L. Leon of the U.S. District Court for the District of Columbia agreed with PayPal that digital wallets are materially different than "general purpose reloadable (GPR) cards" and should not be held to the same regulatory standards.

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Merchant fraud costs $3 for each dollar lost

Monday, April 1, 2024

Merchants in the United States and Canada incur an average cost of $3 for every $1 lost to fraud. That's according to the LexisNexis true cost of fraud study: ecommerce and retail report, conducted by Forrester Consulting on behalf of LexisNexis Risk Solutions.

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