Pay

Investors Demand Greater Transparency on Uber Driver Pay Amidst Continuous Scrutiny

1 day ago

In a stirring call to action, a group of investors has pressed Uber Technologies Inc. to enhance the clarity and openness regarding pay structures for its drivers. This move comes as the company faces increasing examination from stakeholders concerning its financial practices and the treatment of its workforce.

Innovative Payroll Solutions: How Leading Tech Companies Are Revolutionizing Employee Compensation

5 days ago

As companies continue to evolve in the fast-paced tech landscape, the methods of compensating their employees are undergoing significant changes. Notable players in this transformation are OpenAI, Stripe, Databricks, and SpaceX, who are introducing innovative payroll strategies to streamline operations and enhance employee satisfaction.

Australia's Payment Landscape Lacks Unified Vision, Warns RBA

11 days ago

In a recent report issued by the Reserve Bank of Australia (RBA), it has been revealed that key stakeholders within the Australian payment system are failing to share a unified vision. This disconnect has significant implications for the country's financial landscape, particularly in light of rapid technological advancements and changing consumer expectations.

Ant Group Announces Major Leadership Shift: Cyril Han Appointed CEO Starting March 1

15 days ago

In a significant leadership transition, Ant Group has confirmed that Cyril Han, the current president of the company, will take on the role of Chief Executive Officer (CEO) beginning March 1, 2024. This announcement marks a new chapter for the fintech giant, which has been navigating a complex and evolving regulatory landscape.

CFPB Asserts Supervisory Power Over Google Payments Division

15 days ago

In a significant move that emphasizes regulatory scrutiny over tech giants, the Consumer Financial Protection Bureau (CFPB) has announced that it possesses supervisory authority over the payment unit of Google. This action signifies a deeper regulatory engagement with major technology firms that have ventured into financial services, ensuring consumer protection amidst the evolving landscape of digital finance.

EQT Seeks to Sell Payments Firm Banking Circle with Assistance from FT Partners

16 days ago

In a strategic move signaling their intentions in the financial technology landscape, EQT, a prominent private equity firm, is reportedly enlisting the services of FT Partners to facilitate the sale of its payments venture, Banking Circle. This decision comes as EQT aims to capitalize on the growing interest in digital payment solutions, amidst a rapidly changing economic climate.

Judge Rejects Musk's Controversial Tesla Pay Package: A Major Setback for the CEO

19 days ago

In a significant legal development that may have far-reaching implications for corporate governance and executive compensation, a judge has ruled against Elon Musk's extravagant compensation package from Tesla. The decision was delivered on December 3, 2024, in a case that has garnered extensive media and public attention due to the large sums involved and Musk's high-profile status as a business magnate.

Prudential’s PGIM Makes a Bold Move with $500 Million Investment in Affirm Consumer Loans

19 days ago

In a strategic financial maneuver that has captured the attention of investors and analysts alike, Prudential Financial's investment management arm, PGIM, has announced its purchase of $500 million in consumer loans from Affirm Holdings. This significant acquisition marks a pivotal moment in the partnership between institutional investors and fintech companies, illustrating the growing interest in alternative credit markets.

Italian Payment Services Face Major Outage: Network Repaired

21 days ago

In a significant disruption that affected thousands of consumers and businesses across Italy, payment services faced a major outage earlier today. Reports emerged as users were unable to complete transactions through various platforms, leading to widespread concerns regarding the reliability of electronic payment systems. The source of the issue was attributed to damage sustained in the underlying network infrastructure.

Global Payments Considers Sale of Payroll Active Network Amid Strategic Shift

23 days ago

In a significant development in the financial services sector, Global Payments Inc., the leading provider of technology and payment solutions, is reportedly contemplating the potential sale of its Payroll Active Network. This decision appears to be part of a broader strategy to focus on more profitable segments of their business.