Appellate Court Nixes CFPB’s Payday Lending Rule And Other Digital Transactions News briefs from 10/20/22
Digital Transactions News staff
October 20, 2022
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Mobile Commerce, Point-of-sale, Transaction Processing
- The United States Court of Appeals for the Fifth Circuit, in a ruling that vacates the Consumer Financial Protection Bureau’s 2017 Payday Lending Rule, contended the CFPB’s funding mechanism is unconstitutional because its funds are not appropriated by Congress.
- Visa Inc. said it is working with Thunes, a business-to-business payments company, to extend Visa Direct to 78 digital-wallet providers accounting for 1.5 billion digital wallets in 44 countries and territories.
- Fiserv Inc. released AuthHub, a service that helps financial institutions build more data points for customer interactions in an effort to thwart account takeover and other fraud.
- The Western Union Co. said it will detail on Thursday a strategy called Evolve 2025, aimed at “bringing accessible financial services to the world’s aspiring populations,” according to the company’s announcement.
- Payments-technology provider i2c Inc. said it is working with four new clients—Connect Financial, Miq, Plastk, and Viva Equity—across a range of services, including crypto wallets and payment cards for underbanked populations.
- Point-of-sale systems provider Ovvi completed an integration with Valor PayTech POS devices.
- Fintech Sightline Payments said it completed a funding round led by J.P. Morgan Payments. Terms were not disclosed.
- American Express Co. said more features have been added to the Cvent Event Marketing & Management platform, including more virtual funding account options with vPayment, an AmEx service.
- Chargebacks911 appointed Pel Faquiryan chief growth officer. Faquiryan has more than 20 years’ experience, including stints at U.S. Bank, Ingenico, and Fiserv.
- Bluefin Payment Systems named Andrea Eaton its chief revenue officer. Eaton’s experience includes time at DadeSystems, People’s United Bank, and Bottomline Technologies.
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