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Breaking News articles for September 2023

Report highlights Latin American growth, spending power

Friday, September 29, 2023

Latin Americans around the world are significantly shaping the U.S. economy, according to a new study published by the Latino Donor Collaborative and sponsored by Wells Fargo. The 2023 Latino GDP Report was released at a 7:30 a.m. media briefing at the opening of the 2023 L'ATTITUDE Conference, being held Sept. 27 to 30, 2023, at the Miami Fontainebleau Hotel.

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Mercedes rolls out in-car payments

Thursday, September 28, 2023

If Janis Joplin were a young singer today, the opening to her classic Mercedes-Benz hit might go something like this: "Oh Lord, let me buy things from my Mercedes-Benz." The auto giant just revealed it is collaborating with Mastercard so Mercedes-Benz drivers can initiate online payments using an in-car fingerprint sensor.

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Inflation ramps up digital spend, studies find

Tuesday, September 26, 2023

Digital commerce is indeed recession-proof, according to J. D. Power's U.S. Consumer POS Payment Program, published Aug. 31, 2023, which combines survey data from four previous studies: POS Choice Satisfaction Study; Debit Card Satisfaction Study; Digital Wallet Satisfaction Study and BNPL Satisfaction Study.

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PBC to certify compliant cannabis bankers

Friday, September 22, 2023

PBC's fourth annual conference for cannabis industry professionals is wrapping up today, Sept. 22, 2023, at the Capitol Hill Hilton in Washington, D.C. The event, which included a training day and two days of presentations, is focused on payments, banking and compliance, according to Joshua Radbod, co-founder and CEO of the PBC Conference. He emphasized the need for more compliance professionals in his opening address.

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NY court blasts group of MCA lenders

Wednesday, September 20, 2023

The New York State Supreme Court ordered three merchant cash advance companies to repay millions of dollars to thousands of small businesses that took out what the court describes as "predatory" loans, some with effective interest rates far in excess of legal limit, dating back as far as 2014.

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Intuit amps up competition

Monday, September 18, 2023

Intuit, the technology giant behind QuickBooks, is amping up its small business offensive with the launch of QuickBooks Money, an all-in-one electronic payments and banking solution. There are no monthly fees or balance requirements for QuickBooks Money, which is accessible via a mobile app or the web.

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ETA digs into policy with industry leaders in DC

Friday, September 15, 2023

The ETA Fintech Policy Forum, held Sept. 13, 2023, at Google's Capitol Hill offices, explored a variety of trending topics, including cryptocurrencies, financial inclusion, identity protection, and AI's expanding role in international commerce.

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CFPB criticizes big tech over mobile pay apps

Wednesday, September 13, 2023

The Consumer Financial Protection Bureau believes big tech holds too much sway over the mobile payments market, erecting roadblocks to greater innovation. In particular, the consumer watchdog agency takes issue with regulations imposed by mobile operating systems—Apple iOS and, to a lesser extent, Google Android—that can "significantly impact" innovation, consumer choice, and growth of open and decentralized banking and payments in the United States.

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Bluefin study highlights PCI compliance concerns

Tuesday, September 12, 2023

Achieving PCI DSS 4.0 compliance is a major concern for organizations of all sizes, according to The State of Enterprise Readiness for PCI DSS 4.0, co-authored by Jordan McKee, research director, fintech and David Immerman, consulting analyst, IoT, at S&P Global Market Intelligence.

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Green Sheet interviews Altair’s Dr. Mamdouh Refaat

Friday, September 8, 2023

Our Aug. 18, 2023, news story, “Digital twin deployments surge in BFSI sector, study finds,” highlighted Altair’s 2023 Global Digital Twin Industry Report. In this interview, Dr. Mamdouh Refaat, chief data scientist and senior vice president product management at Altair, shared additional insights on the survey and the driving forces behind this emerging technology trend.

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Out with plastic, in with paper gift cards

Wednesday, September 6, 2023

The payment card industry's slow but steady migration from plastic to paper card products reflects growing awareness of the need for sustainable business practices, according to Talbott Roche, CEO and president of Blackhawk Network (BHN), a provider of branded payment technologies.

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