The New York Department of Financial Services (DFS) announced it has fined Standard Chartered $40 million for attempting to rig transactions in foreign exchange (FX) markets between 2007 and 2013. The investigation found that Standard Chartered’s traders used illegal tactics to maximize profits or minimize losses...
Facebook could face challenges by the European Union if it integrates Instagram, WhatsApp and Messenger messaging functions, reported CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
A General Data Protection Regulation (GDPR) complaint shows that Google may have misused people’s personal data and categorized them in highly sensitive ways, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Will the ban on the credit card surcharge automatically lead to significantly higher prices when consumers opt for the plastic (via card or digital wallets) at the pump, at the counter … or pretty much anywhere? Get the Full Story Complete the form to unlock...
Snapdeal, the Indian eCommerce company, is backing India’s new eCommerce rules that will hurt Amazon.com and Walmart, saying in a letter to the federal government that protests over the new legislation underscore just how necessary is is. Get the Full Story Complete the form to...
PSD2 requires every player in the EU that handles payments to make adjustments to ensure faster and more transparent transactions. The regulation opens customer data to third-party providers — as opposed to granting banks the right to silo and share it at will — and...
The $318 billion European travel market is grappling with the changes PSD2 is bringing to how payments are made and processed within the EU, but its impact goes far beyond payments. PSD2 mandates stronger requirements for fraud and customer authentication, which is putting pressure on...
Barring any reprieve, Feb. 1 marks a sea change for India’s eCommerce sector. New rules may hobble giants like Amazon and Flipkart from offering discounts or investing in nascent marketplaces. Here’s why economic nationalism may trigger ripple effects no one will want.
Since about mid-December of 2018, checking out in the stores here in Boston has become even more of a hassle. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
