Six major banks in the Nordic region will form a customer checking center to help combat money laundering and improve the reputation of the area’s financial institutions, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and...
We hope you had a great holiday, and that you didn’t miss any important news this week from the world of payments and commerce. As always, the PYMNTS Weekender has you covered. Stories this week included Visa and Mastercard moves, a look at fireworks retail and...
Ireland’s central bank has fined Wells Fargo 5.9 million euros, according to a report by Reuters. The fine is the second biggest ever issued by the bank, and it’s for five breaches that happened between 2014 and 2019, which include failure to report the bank’s...
European Central Bank Supervisor Andrea Enria said that the banking system in Europe is operating with excess capacity, and that there should be some mergers to help with efficiency, but not to create bigger institutions, according to a report by Reuters. Get the Full Story...
In a move that would take on Uber in one of its largest markets outside of the Americas, Ola is gearing up to go up against the ride-hailing company in London. The firm has been granted a license to operate in the British capital, CNN...
While Amazon eyes the next step in its seeming bid for domination around the world, it will have to tackle challenges from both regulatory and consumer headwinds. Even so, the company is described as Earth’s “most powerful brand,” and the second most valuable company around...
Companies in the business-to-consumer (B2C) space have historically relied on lockbox processing through a bank – or a series of banks, depending on their size. With payments coming in by check, DadeSystems Chief Marketing Officer Tom Berdan told PYMNTS in an interview that “seemed to solve...
Retailers are bolstering their supply chains in China as they seek to enhance their service and offer customers fresh products. Walmart, for instance, plans to increase its investment in supply chain logistics in the country by $1.2 billion, with efforts to build or upgrade more...
It’s not enough to just be a retailer these days, it seems. Digital ads are also part of the process — at least that’s the story coming from recent developments involving major merchants. Get the Full Story Complete the form to unlock this article and...
