In a settlement that has been given preliminary approval by a federal court in New York, Visa and Mastercard, along with bank defendants, have agreed to provide roughly $6.24 billion in settlement funds. The funds are subject to a deduction that is said not to...
MUFG Bank, a Japan-based institution, announced on Friday (Feb. 22) that it was entering into a consent order with the U.S. Office of the Comptroller of the Currency (OCC), over deficiencies that the OCC identified in the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance program. Get...
In India, food delivery done via app is perhaps leading to a shakeout in a build vs. buy debate that near term may settle on “buy.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Mastercard, in an effort to gain entry into the Chinese market, is looking toward a joint venture that may help the card giant get a credit card license in that country. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The Indian parliamentary committee on information technology has asked representatives from Facebook, the messaging app WhatsApp and the photo sharing app Instagram to appear and answer questions about citizens’ rights on social media platforms, according to a report from CNBC. Get the Full Story Complete...
Stamps.com announced that it was ending an exclusive partnership with the United States Postal Service, according to reports. The company’s shares fell 56 percent — more than $110 to about $87 — on the news. Get the Full Story Complete the form to unlock this...
Lawmakers in California have proposed a new bill that would close some loopholes in data breach notification laws, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
In an effort to strengthen the economy in hamlets and small cities, China is looking to make mobile payments commonplace in rural places prior to the close of 2020. The goal came amid published guidelines from the central bank and the Ministry of Finance, among...
Stock options drum up images of the dot-com era, of IPO riches reaped for getting in on the ground floor of a promising tech startup that goes public. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
