Chinese telecom company Huawei Technologies has filed a lawsuit against the U.S. Commerce Department over telecommunications equipment. 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...
With the Strong Customer Authentication (SCA) compliance deadline less than four months away, banks are still underprepared. 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...
The European Banking Authority (EBA) published an opinion on strong customer authentication (SCA) under the revised Payment Services Directive (PSD2), acknowledging that implementing the new standards might be difficult for some merchants. Get the Full Story Complete the form to unlock this article and enjoy...
As tech firms such as Facebook move into the world of finance, the Bank for International Settlements (BIS) said on Sunday (June 23) that politicians need to coordinate regulatory responses to risks provided by these companies coming into the space. BIS said that the social...
Smaller tech companies, which often rely on the likes of Google, Facebook, Apple and Amazon for access to customers and the ability to reach them, are worried about helping in the government’s antitrust probe for fear of retaliation, according to the lawmakers who are spearheading...
Walmart will pay a total of $282 million to settle with the U.S. Department of Justice and the Securities and Exchange Commission (SEC), on charges that it bribed an intermediary to obtain construction permits and broke the Foreign Corrupt Practices Act (FCPA), according to a...
Libra, the global cryptocurrency effort tied to Facebook, will be the focus of a Senate panel hearing next month, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Republican Sen. Josh Hawley of Missouri proposed a bill that would eliminate the immunity that large tech companies have from user content deemed illegal, offensive or obscene. Now, tech companies and trade groups are firing back at the senator, according to a report by CNBC. Get...
In an appearance at the Cannes Lions International Festival of Creativity, Facebook Chief Operating Officer Sheryl Sandberg said the social media platform didn’t anticipate the foreign interference that sought to disrupt the U.S. presidential election in 2016, but has since put up safeguards against misinformation....
