Fintech News

MARCH 17, 2024

Advent International declined to comment on the matter. Nuvei did not immediately respond to a Reuters request for comment. The source cautioned to Reuters that the negotiations could still break down without an agreement. Terms of the potential acquisition were not disclosed.

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Request for Comment Processors Acquirers Agreements 109

PYMNTS

APRIL 29, 2020

The SBA didn’t respond to requests for comment, the WSJ reported. While the SBA saw its budget grow with $2.8 billion for salaries and expenses on top of its $1 billion budget, the money was expected to be used for handling new disaster lending.

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Audit Request for Comment Payroll Treasury 141

PYMNTS

MAY 16, 2020

Visa did not immediately respond to a request for comment on the filing. “According to various embodiments, cash may be removed from the markets in a frictionless manner and the payment ecosystem may be improved.”.

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Governance Government Blockchain Request for Comment 128

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JUNE 23, 2020

A lawyer for Braun did not immediately respond to a request for comment from the newspaper. Braun allegedly committed the scam with others, investigators said, but no one else had been named at press time, according to the report. Until his resignation Friday (June 19), when an audit revealed 1.9 billion euros ($2.1

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Request for Comment Audit Scams Central Bank 127

PYMNTS

SEPTEMBER 17, 2020

Apple didn't respond to requests for comment to Bloomberg, but its argument in the past for restricting the chip technology to its own apps is that releasing it to a broader audience could heighten the risk of fraud.

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Request for Comment Laws Payments CHIPS 112

PCI Security Standards

APRIL 29, 2024

Welcome to our podcast series, Coffee with the Council. I'm Alicia Malone, Senior Manager of Public Relations for the PCI Security Standards Council. At our Community Meetings in 2022, the Council announced a significant change to its Participating Organization program.

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Participant Security Payment Security Request for Comment 194

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DECEMBER 13, 2020

A SolarWinds spokesman did not respond to a request for comment, Reuters reported, but the company issued a statement late Sunday night indicating it was targeted by a “highly-sophisticated, targeted and manual supply chain attack by a nation state.”.

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Treasury Request for Comment FBI Government 108

Finextra

JANUARY 29, 2024

The Commodity Futures Trading Commission’s Divisions of Market Oversight, Clearing and Risk, Market Participants, and Data and the Office of Technology Innovation today issued a request for comment (RFC) to better inform them on the current and potential uses and risks of artificial intelligence (AI) in the derivatives markets the CFTC regulates.

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Request for Comment AI Participant Risk 59

Fintech Finance

JULY 15, 2024

Regulatory clarity and consistent standards are critical for providers offering safe, transparent and responsible financial services and even more important for consumers who expect protections when utilizing financial services including Buy Now Pay Later,” said Phil Goldfeder, Chief Executive Officer of AFC.

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Consumer Financial Protection Bureau (CFPB) CFPB Rules BNPL 98

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OCTOBER 4, 2020

The FTC didn’t immediately respond to a WSJ request for comment. Other technology giants including Google , Amazon and Apple are also facing probes. Facebook declined to discuss the information.

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Federal Trade Commission FTC Request for Comment Laws 116

PYMNTS

JULY 16, 2020

In 2019, the company put out over 100 news releases, with many companies named not responding to journalists’ request for comment or saying the relationship had been overstated by Wirecard.

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Money Laundering Request for Comment Scams Crime 91

PYMNTS

OCTOBER 21, 2020

The Water Project did not reply to requests for comment from the news outlet. Eastern Time on Oct. 20) they had provided to Children International and The Water Project. They reportedly harnessed The Giving Block service that is used by numerous nonprofits globally.

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Bitcoin Request for Comment Federal Reserve Scams 93

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JUNE 26, 2020

Wirecard did not return a request for comment, Bloomberg reported. “Our priority is ensuring people are able to continue to use their cards,” Mastercard said. “We We will continue to work with all parties and stand ready to take any necessary action.”. At issue is $2.1

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Visa Accounts Request for Comment Payment Networks 101

Finextra

JULY 15, 2024

The American Fintech Council (AFC), the fastest growing premier industry association representing responsible fintech companies and innovative banks, submitted its response to the Consumer Financial Protection Bureau (CFPB) on the proposed Interpretive Rule and Request for Comment on the Use of Digital User Accounts to Access Buy Now, Pay Later Loans. (..)

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Consumer Financial Protection Bureau (CFPB) CFPB Rules Request for Comment 52

PYMNTS

SEPTEMBER 22, 2020

Apple did not immediately respond to a request for comment. confirmed some of its users had problems while accessing certain services. It was unclear how many users and which countries were impacted, the news service reported.

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Request for Comment Consumer Technology Payments 86

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SEPTEMBER 22, 2020

A DOJ spokeswoman declined to comment. Google didn’t immediately respond to a request for comment. The newspaper reported the DOJ lawyers plan to brief the nation’s state attorneys general Wednesday (Sept. 23) on the landmark complaint against the Menlo Park, California-based tech giant.

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Federal Trade Commission Request for Comment Laws Economy 85

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JUNE 23, 2020

A lawyer for Braun did not immediately respond to a request for comment from Reuters. The German electronic payments processor said in a statement on Thursday (June 18) that auditor Ernst & Young, the company’s auditor, told the firm that “no sufficient audit evidence could be obtained” to confirm that the money really exists.

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Finance Request for Comment Audit Regulations 88

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DECEMBER 18, 2018

The letter, noted the report, was in response to a request for comment from the Federal Reserve about what its role should be in driving faster payments. “Only the Federal Reserve can serve as the catalyst to achieve real-time payments ubiquity in a timely manner,” the tech companies said in the letter.

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Real Time Payments Fed Federal Reserve Payment Networks 83

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NOVEMBER 13, 2020

Attorneys for the two former executives did not immediately reply to a request for comment. “The Commission will continue to hold responsible not only the senior executives who make false and misleading statements, but also those who certify to the accuracy of misleading statements despite warnings to the contrary.”.

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Request for Comment Settlement Authorization NOV 92

PYMNTS

JANUARY 23, 2020

A Village Super Market company representative did not respond to requests for comment nor did a spokesperson from Fairway comment other than an earlier official statement denying the company was intending to go out of business, according to the news outlet. Village Super Market Inc., headquartered in New Jersey, owns ShopRite.

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Request for Comment Laws Transactions Security 52

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JUNE 19, 2020

BigBasket and Amazon did not respond to Reuters’ requests for comment. At the same time the liquor industry had been lobbying with many states to allow online deliveries, the report said.

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Request for Comment Shutdown Research Product 78

Faster Payments Council

SEPTEMBER 17, 2019

While responses to the FedNow Request for Comment aren't due until November 7, we're looking at a significant strategic undertaking: we're forming recommendations for the first new payments system initiated by the Fed in more than 40 years. The clock is ticking. And, that's no small task, as I mentioned previously.

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FPC FedNow Fed ISO 20022 68

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MAY 3, 2019

CISA noted that the bugs had been fixed by the company in a new software version, but customers must request the update from Orpak directly. A spokesperson for its parent company Gilbarco Veeder-Root did not immediately return a request for comment, according to reports.

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Request for Comment Cybersecurity Credential Encryption 72

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JULY 24, 2020

Requests for comment from the mall went unanswered. Triple Five Group, which owns both megamalls, is supposed to make $7 million monthly payments on the Minnesota property after refinancing the site’s $1.4 billion mortgage in 2014. Could the property default? That’s possible, but seems unlikely at this point.

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Request for Comment Shutdown Adjustments Agreements 100

PYMNTS

JUNE 16, 2019

Juliet Niczewicz, a spokesperson for PayPal, did not return a request for comment on this latest report. Last year, PayPal — which owns Venmo — settled with the Federal Trade Commission over privacy and security violations after it was accused of misleading users over its privacy settings.

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Venmo Transactions Federal Trade Commission Privacy 71

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NOVEMBER 29, 2020

CNBC stated that a Biden transition spokesman did not respond to a request for comment about the potential nominations and that Biden is expected to announce economic appointments soon. Chenault is head of venture capital firm General Catalyst and serves on the board of Airbnb and Facebook.

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Consumer Financial Protection Bureau (CFPB) Federal Reserve Request for Comment Treasury 67

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SEPTEMBER 18, 2020

Next Insurance and CapitalG did not respond to requests for comment. Next Insurance is also supported by investors including and American Express Ventures, Nationwide Mutual Insurance Co. and Redpoint Ventures.

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Request for Comment Small Business Security Product 70

PYMNTS

JUNE 18, 2020

Euler Hermes did not respond to Global Trade Review’s requests for comment. The fact that a large, promised amount of funding, around 2 million euros to 3 million euros ($2.2 million to $3.4 million), from Euler Hermes did not come to be also hurt we.trade’s revenue.

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Request for Comment Shutdown Blockchain Continuity 69

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JULY 31, 2020

The State Council, the central bank, Ant and Tencent did not respond to requests for comment. Meanwhile, the two companies are asking the government to prevent a probe, the news service reported.

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Regulations Online and Mobile Banking Request for Comment Central Bank 72

PYMNTS

FEBRUARY 11, 2020

Neither Google nor Fitbit have responded to requests for comment. Australian authorities are looking into the matter, though no serious action will be taken until both companies file with their watchdog officials.

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Privacy Request for Comment Regulations Authorization 72

PYMNTS

APRIL 10, 2019

Sears declined to comment, while Amazon didn’t immediately respond to a request for comment. In addition to opening new Whole Foods locations, Amazon is also reportedly planning to open its own chain of “value” grocery stores, and could possibly use some of the Sears locations for that endeavor.

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SEPTEMBER 24, 2018

Neither Brex or DST Global responded to the WSJ request for comment regarding news of the incoming investment, which may also see participation from Greenoaks Capital, two sources said. Reports said some investors have pointed to Brex’s potential to expand into new customer segments beyond tech startups.

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Commercial Card Request for Comment Push-to-Card Visa 70

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JUNE 29, 2020

Ares didn’t respond to a WSJ request for comment. Ares Management Corp., which bought Neiman Marcus, recently had around $33 billion of dry powder right as the luxury department store retailer was filing for bankruptcy. More than 70 percent of retailers with the lowest-rated debts are owned by private equity firms.

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Request for Comment Returns Process 69

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NOVEMBER 6, 2018

Amazon , which was named in the report, has not signed up and did not immediately respond to a request for comment. A report published with the contract revealed that nearly 60 companies, governments and business leaders have signed up for the contract, including Facebook, Google, the French government and billionaire Richard Branson.

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Privacy Request for Comment Governance Government 71

The Fintech Times

JANUARY 11, 2024

The Computer & Communications Industry Association (CCIA) has responded to the Consumer Financial Protection Bureu ‘s request for comments on a proposal to define and regulate larger participants in the general-use digital consumer payment marketplace.

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Regulations CFPB Request for Comment Funds Transfer 64

PYMNTS

JULY 26, 2019

Craigslist did not respond to a request for comment. “Craigslist, Facebook and eBay are enabling a bypass of our system and are introducing risk into the system that we are going to have a methanol, counterfeiting problem in the U.S.,” Brown said. Alcohol is one of the most regulated retail goods.

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Request for Comment Regulations Product Risk 62

PYMNTS

JUNE 13, 2019

Facebook did not reply to a request for comment. Wells Fargo , IBM and Oracle were also dropped. Other companies in the Index include Microsoft, Apple, Johnson & Johnson, JP Morgan Chase and Amazon.

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Privacy Request for Comment Risk Management Government 64