The House of Representatives Judiciary Committee has approved a report that accuses companies like Apple, Amazon, Facebook and Google of acting as a monopoly. According to Reuters, the more-than-400 page report — the first such congressional review of the industry — became official on Thursday...
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The pandemic-driven digital payment surge has kept anti-money laundering (AML) teams on their toes, but many have focused too heavily on money laundering without rooting out the fraud that underpins it. In this month’s AML/KYC Tracker, Max von Both, senior vice president of compliance at...
Sen. Josh Hawley of Missouri has introduced the Trust-Busting for the Twenty-First Century Act, which a press release stated would take back control from big businesses and “return it to the American people” through cracking down on mergers and mega-acquisitions. Get the Full Story Complete...
After slapping Alibaba with record penalties last week, the Chinese government has warned 34 other digital technology firms to step up efforts to adhere to antitrust regulations and make a public pledge to do so, the Financial Times reported. Get the Full Story Complete the...
The mass manufacture and distribution of vaccines means the pandemic will eventually come to a close, but its effects on the payments industry could very well be felt for years to come. Social distancing and stay-at-home orders have driven in-person retail shopping and consumer banking...
Here’s the latest news from the technology industry, which is coming under increasing global scrutiny from governments and consumers. 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...
Prosecutors in Frankfurt are opening a criminal investigation into the way Germany’s financial regulatory authority BaFin supervised Wirecard AG, and whether a portion of the watchdog’s workforce traded shares unlawfully, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy...
For Alibaba, it may be a case of “pay up and move on.” The weekend brought a fine in the billions of dollars for the Chinese tech giant, which – though unlikely to have much financial impact – may carry reverberations for other large tech...
