Law and Regulation

SheerID Inc., a provider of identity-verification technology, and software developer Payment Plugins are collaborating to provide a consumer identity-verification solution for e-commerce platform provider WooCommerce. The deal will seek to enable WooCommerce merchants to reduce fraud by ensuring gated offers and discounts are being used by customers who are the …

Apple Inc. on Friday reversed course on Epic Games, saying it would allow the online game developer to build its own app store in Europe for Apple devices. The reversal came as the European Union’s Digital Markets Act took effect last week. In the U.S. market. Apple several years ago permitted Epic …

Unattended payments specialist PayRange Inc. said it filed a patent infringement lawsuit against CSC ServiceWorks, an operator of laundry machines in multi-family housing and college dorms. This is in addition to a previous patent infringement suit it filed in March 2023 against CSC ServiceWorks. In the new suit, PayRange seeks more than …

The Consumer Financial Protection Bureau finalized a rule that caps late fees on credit card payments to $8, down from a typical $32. The rule goes into effect 60 days following its publication in the Federal Register. Other provisions include ending automatic annual inflation adjustment on the fee and requiring larger card …

Galileo Financial Technologies expanded its relationship with The Bancorp Bank NA that now includes access to the RTP network, the real-time payments service from The Clearing Payments Co. LLC. Apple Inc. was hit with a $2 billion fine by the European Union over its European app store payment practices, CNN reported. Synchrony …

Hospitality point-of-sale specialist Qu Inc. announced GoTo Foods, owner of brands Auntie Anne’s, Cinnabon, Carvel, Jamba, McAlister’s Deli, Moe’s Southwest Grill, and Schlotzsky’s, will use the Qu POS platform across these brands. GoTo Foods said it has more than 6,700 global locations. Payments platform ACI Worldwide Inc. reported December-quarter revenue of $476.6 million, up …

Capital One Corp.’s proposed acquisition of Discover Financial Services may give Cap One an alternative network over which to route credit card transactions, but the deal will not create the “badly needed” network competition that passage of the Credit Card Competition Act would, the Merchants Payments Coalition argues. Without passage …

(Editor’s Note: This story follows up on news late Monday concerning a planned acquisition of Discover Financial Services by Capital One Financial Corp.) On the Tuesday morning after news broke that credit card giant Capital One Corp. intends to shell out $35.3 billion in an all-stock deal to acquire Discover …

Capital One Financial Corp. may be on the brink of acquiring Discover Financial Services, if two news reports are accurate. The Wall Street Journal and Bloomberg.com separately reported on Monday a deal between the two credit card juggernauts is in the offing, with The Journal reporting an announcement could come …

The European Commission is planning to announce a fine of about 539 million euros ($500 million) on Apple Inc. next month after investigating a complaint from Sweden-based music app maker Spotify Technology SA regarding Apple’s policy of restricting apps from linking out to their own sites for services such as …