Several global retail chains—including Walmart, Metro and Carrefour—that were allowed to now sell only via B2B in India have instead been found to have repeatedly sold directly to consumers, in violation of foreign direct involvement (FDI) rules, according to a story in Cobrapost in India,...
Shortly after being fined around $87 million for a tech meltdown, Royal Bank of Scotland (RBS) followed up with a spectacular second act with a second glitch that left a large number of their credit and debit cards totally disabled. Get the Full Story Complete...
Last week, the Merchants Payments Coalition (MPC), which represents major retailers, hosted a box-lunch presentation to alert legislators about promising cost-saving technologies and the importance of doing them no harm. According to reports, the rapidly approaching beginning of the heavily Republican 114th Congress has some...
New payments systems like Apple Pay could offer an opening to terrorists, and should be regulated like banks, the CEO of BB&T said at a payments industry forum this month. Kelly King's solution? If they become important enough, designate them SIFIs [systemically important financial institutions]...
PYMNTS.com Bitcoin Price and Volatility index. 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 to our daily newsletter, PYMNTS Today. By completing this form, you agree to...
Bankers must make consumer safety a priority as they develop a new, real-time electronic payments system, Consumer Financial Protection Bureau Director Richard Cordray told a financial conference on Thursday (Nov. 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
A U.S. Senate special committee is looking into scams that use reloadable prepaid debit cards like Green Dot’s popular MoneyPak card to victimize consumers, less than a week after the Consumer Financial Protection Bureau proposed new rules that increase consumer protections for funds stolen from...
China’s cabinet called for supporting the country’s e-commerce industry with preferential policies — a shift that would benefit Alibaba and JD.com, China’s biggest online retailers, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Managing the “dozens of ACH islands” that exist around the worldwide in order to pay hundreds or even thousands of payments to suppliers is typically time consuming and expensive. But that’s exactly the problem that Chen Amit, set out to solve four years ago when...
