In the past, retailers only had to worry about obeying the financial and commercial laws of their country of origin. Today, sprawling online marketplaces that sell to a global consumer base have to navigate every individual country’s laws, and it doesn’t always go smoothly. Get the...
Cybersecurity researcher Karsten Nohl discovered a critical vulnerability in the retail payment systems of several German financial institutions. 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...
The Consumer Financial Protection Bureau said Tuesday (Dec. 22) that it has released the latest iteration of its monthly consumer complaint exploration, listed as a snapshot. This time around, the consumer complaints illustrated center on money transfers. Get the Full Story Complete the form to unlock this...
Retailers have always had the months of November and December to rely on when sales ever looked less than ideal, but new reports from the U.K. suggest that even though sales might be up as Christmas draws nearer, there are disconcerting signs just over the...
Alibaba is apparently serious in its efforts to tamp down the counterfeiting that some complain runs rampant on the site with the aid of a seasoned counterfeit fighter. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The United Kingdom-based money transfer company TransferWise is in the midst of discussions with a number of lenders about embedding the company’s money transfer functions into financial institutions’ smartphone applications. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Alibaba has had a tough 2015 in terms of accusations surrounding the alleged sale of fake goods on its website. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
The road to public market riches is a rocky one, sometimes, as evidenced by one recent IPO, that of Yirendai, which is a Chinese P2P lender that is CreditEase’s consumer finance arm. The stock traded nearly 17 percent intraday below the offer price, which indicates...
As Citigroup CEO Michael Corbat continues to restructure several of the bank’s businesses, nearly 2,000 employees will face layoffs starting next month. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
