Reimbursement news and trends

FTC Sends $9.7M in Fee Refunds to LendingClub Customers
Legal // August 12, 2022

The Federal Trade Commission (FTC) is sending over $9.7 million in payments to 61,990 customers who the FTC said were charged hidden fees from LendingClub, an FTC press release said. The FTC sued LendingClub in 2018 over the allegations that the company falsely promised loan...

Emburse Rolls Out Service For Expense Approvals
B2B Payments // May 26, 2021

Expense and accounts payable (AP) automation provider Emburse rolled out Emburse Audit to help organizations make sure that expense reimbursement is correct and adheres to policy, according to a Wednesday (May 26) announcement. The offering brings together machine learning (ML) and a workforce of human...

Coronavirus Refunds: 2020 Hall Of Fame Game Ticket-Holders Get Reimbursement Option
Coronavirus // June 25, 2020

As the pandemic continues to disrupt everyday life the world over, many consumers want compensation for things they paid for but aren’t able to use. Sports fans for postponed events are receiving the option to use their tickets for a future occasion or receive a...

Coronavirus Refunds: Knicks Provide Refund, Rollover Options To Fans
Coronavirus // May 12, 2020

The coronavirus pandemic is upsetting normal life the world over, and plenty of consumers want refunds on things they paid for but aren’t able to use. Sports teams are offering their fans the opportunity to ask for reimbursements. The New York Knicks, in one case,...

Interviews & Exclusives
Disaster-Proof Spend Management Solutions — For When Disaster Strikes

February 25, 2019
Though they may have fewer resources than large firms, small and medium-sized businesses (SMBs) and self-employed freelancers are not exempt from business travel. SMBs may need to fly to events and exhibits to draw attention to their solutions, while freelancers may need to travel to visit clients and worksites. However, they rarely command the same level […]

Getting Past ‘Standard’ To ‘Fair’: Tech Brings Efficiency To Mileage Reimbursements

February 21, 2019
Everyone knows the ritual, one that combines solid numbers and a sense of hope: the reimbursement of mileage driven by workers in service of their employers. The task traditionally involves...

Motus On Mapping Mileage Reimbursement

December 18, 2018
Tax season looms. Firms would do well to examine the latest standard mileage rates published by the IRS — and more. Motus’ Chief Legal Officer steers PYMNTS to the questions that...

Auto-Tracking Road Warrior Employees As The Wheels Go ‘Round

October 29, 2018
A handful of states — most recently Illinois — have changed labor laws and business mileage reimbursement practices. Tracking gas costs, and paying employees for insurance and registration fees, is no...

Quick Reads
ClassWallet Raises $95 Million to Grow Purchasing and Reimbursement Platform

August 15, 2023
ClassWallet has raised $95 million to grow its digital wallet-based purchasing and reimbursement platform for public funds. The close of its first institutional growth capital funding round builds on ClassWallet’s growth and supports its efforts to help government agencies change how they do business, the company said in a Tuesday (Aug. 15) press release. “Governors […]

FTC Sends $9.7M in Fee Refunds to LendingClub Customers

August 12, 2022
The Federal Trade Commission (FTC) is sending over $9.7 million in payments to 61,990 customers who the FTC said were charged hidden fees from LendingClub, an FTC press release said....