FTC to Return Millions to Consumers Over Credit Karma Misrepresentations
The Federal Trade Commission is sending more than $2.5 million to consumers who were manipulated by false credit card offers on Credit Karma’s platform. The payments are the fruition of an action the FTC brought against the fintech two years ago, after it discovered “dark digital patterns.” The agency alleged that Credit Karma presented users […]
Zelle Moves Its Business onto Banking Sites, Leaving the App Behind
Zelle appears to be winding down transactions on its mobile app, urging its customers to focus exclusively on using the payment platform through banking apps and sites. The strategy makes a great deal of sense given that Zelle is owned by a consortium of seven banks: Bank of America, Capital One, Chase, PNC, Truist, U.S. […]
Advanced Account Validation: The Key to Payment Optimization
With ACH payments processing over 31.5 billion transactions valued at $80.1 trillion in 2023, the importance of bank account validation cannot be overstated. For many organizations, the focus on validation may stem from a need to comply with Nacha regulations. While compliance is essential, businesses that view account validation solely as a regulatory obligation are missing […]