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- The Consumer Financial Protection Bureau has sued Walmart Inc. and Branch Messenger Inc. over allegations of fees for transferring earnings made by individuals in the Walmart Spark Driver program. The CFPB alleges Walmart forced delivery drivers to use Branch deposit accounts. To move funds from these accounts to another drivers faced “a complex process to access their funds, and when they finally did, they face further delays or fees if they need to transfer the money they earned into an account of their choice,” the CFPB said.
- U.S. spending for the 2024 holidays rose 4.8% compared to the same period last year, according to research from Visa Inc.’s Retail Spend Monitor, a product of Visa Consulting & Analytics. The increase, for which an absolute figure was not immediately available, stemmed from all forms of payments, including cash and check, and was not adjusted for inflation.
- E-commerce platform WooCommerce completed an integration with buy now, pay later provider Klarna AB to enable it as a default payment method.
- U.S. consumers spend on average $362 per month on utility bills, up 3% from 2023, according to doxo’s U.S. Utilities Market Size and Household Spend Report for 2024.
- Stablecoin platform Tether has agreed to invest $775 million in Rumble, a videosharing provider. The parties expect the deal to close in the first quarter.
- Varo Bank, a digital national bank, said it will enable no-fee deposits at more than 7,500 CVS pharmacies through an agreement with Green Dot Corp.
- Pickleball Kingdom, which has granted approximately 400 indoor franchises for indoor pickleball, has agreed to adopt payments and reservations technology from PodPlay Technologies.
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