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Block agrees to $12.5M settlement in Cash App spam text case

Payments Dive

settlement in Cash App spam text case A class action alleged the company let users send spam messages to other users in violation of a Washington state law. The proposed settlement still is awaiting a decision by U.S. Spokespeople for Block did not respond to requests for comment. District Judge Marsha J.

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Splitit pivots customer strategy

Payments Dive

A Samsung spokesperson did not respond to a request for comment. Companies like Affirm also offer their own debit card, which lets cardholders use buy now, pay later options wherever those cards are accepted. Sheth estimated the number of people who use the Samsung digital wallet is about 30 million in the United States.

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Adyen tackles golf payments

Payments Dive

Spokespeople for foreUP, GolfTranz and Pro Golf Payments did not respond to requests for comment. Adyen’s terminals will also provide consumer information to help the golf store chain personalize customers’ experiences. We’ve been partnering with more businesses in this space,” Strazza said. Sign up A valid email address is required.

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Visa Seeks Patent On System To Turn Government Currencies Into Digital Blockchain Versions

PYMNTS

Visa did not immediately respond to a request for comment on the filing. Visa further said the technology would allow transactions using digital fiat currency “to be processed and completed immediately without requiring settlement and clearing processing.”. Embodiments may also allow for user anonymity.”.

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SEC Charges Former Wells CEO And Bank Head In Fraud Scandal

PYMNTS

Tolstedt, who did not reach a settlement, faces civil charges for allegedly misleading investors about an important performance metric tied to the scandal. Attorneys for the two former executives did not immediately reply to a request for comment. Stumpf agreed to settle the charges by paying a $2.5

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Big Tech Companies Throw Support Behind Fed Creating Real-Time Payments Network

PYMNTS

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. Amazon, in its own comments to the Fed, said the existing credit and debit card payment systems are pricey and that settlement from the Fed would provide an alternative.

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Fed Seeks Comment On New Operating Hours For Fedwire Funds

PYMNTS

The Federal Reserve has released a request for comment on potential changes to its National Settlement Service (NSS) and Fedwire Funds Service, as well as feedback on a possible new posting time for transactions, and an increased daylight overdraft fee. ET and settlement at 1:00 p.m. ET and settlement at 5:00 p.m.