Acquiring

No sooner had the Consumer Financial Protection Bureau released its personal financial data rights rule Tuesday than the rule was legally challenged by the banking industry. The lawsuit, filed late Tuesday by the Bank Policy Institute and the Kentucky Bankers Association, alleges the CFPB has overstepped its bounds by issuing …

The Consumer Financial Protection Bureau has fined Goldman Sachs “at least” $19.8 million in redress and assessed the company a $45 million civil-money penalty, while at the same time ordering Apple Inc. to pay a $25-million civil money penalty. The agency has also banned Goldman from introducing a new credit card …

Fiserv Inc., one of the nation’s biggest processors, put up some notable growth numbers in the September quarter despite its size. How long it can maintain that momentum may depend on its ability to release new services and build on recent initiatives such as its SMB Bundle and Cashflow Central, …

Clearent by Xplor launched its payfac as a service product to help software companies more easily embed payment acceptance into their applications. Fiserv Inc. announced it has agreed to build financial services into the digital platform operated by DoorDash, the online delivery service. Payments provider Shift4 Payments Inc. announced it will acquire transactions for …

Square, the acquiring arm of Block Inc., is diving deeper into health-and-beauty services via a partnership with business-to-business distributor SalonCentric, a unit of L’Oreal USA, and expanding options in its app marketplace. In related news, Worldpay will continue as the exclusive payments provider for The Reynolds and Reynolds Co., a …

American Express Co.’s top brass early Friday stressed the company’s technology build-up in the red-hot restaurant category while stressing a need to spur cardholder spending overall as the card company presented its third-quarter 2024 results. Revenue in the quarter hit $16.6 billion, up 8% from the September quarter last year, …

Visa Inc. has restructured its money movement services under the Visa Direct portfolio, which now includes Visa B2B Connect, Currencycloud, Yellowpepper, and Visa Direct. Cash App, the peer-to-peer payment service and wallet from Square, said Lyft ride-share users can now pay for fares with Cash App. Truist Financial Corp. launched its Electronic …

More than a year after proposing a click-to-cancel rule for subscriptions and recurring transactions, the Federal Trade Commission released a final version of the measure, officially called the Negative Option Rule. Announced Wednesday, the rule’s five primary elements call for important subscription information to be truthful, clear, and easy to …

Apple Inc. which is celebrating the 10th anniversary of the introduction of Apple Pay, said the payments service is now supported by more than 11,000 banks and networks globally and has attracted “hundreds of millions” of users in 78 markets around the world. Buy now, pay later provider Klarna AB payment options …

Oracle Corp. launched Oracle Health Payments, which the company says combines gateway routing, processing, and acquiring in a single contract for health-care providers. Capabilities include tap-to-pay with Apple Pay, Google Pay, or Samsung Pay. Visa Inc. said it is collaborating with Analytic Partners to enable a data-analytics service for merchants. The fintech Pivot …