Welcome to The Axis, your late look at payments news from around the world. Coverage includes France’s Natixis Payments bringing Apple Pay to users of Apetiz at restaurants and retailers. In addition, UniCredit customers in Italy can now use the Google Pay digital wallet, and cybercriminals...
European Union finance ministers worked out a plan for combating money laundering and also made a deal on major bank reform on Tuesday (Dec. 4), according to reports from Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The millennial path of destruction allegedly continues, with those young consumers now taking blame for the decline in the popularity of canned tuna — a product that joins a casualty list that already includes diamonds and restaurants such as Applebee’s. (Pretty soon, one suspects, millennials will...
Several regulatory agencies issued a joint statement Monday (Dec. 3) that urged banks to study and implement “where appropriate” methods that would bring innovate approaches to anti-money laundering efforts and Bank Secrecy Act compliance. Get the Full Story Complete the form to unlock this article...
Walmart announced Tuesday (December 4) a new in-store app that gives Walmart store associates immediate access to Walmart.com, so they can help customers select, order and pay for items right in the store. Get the Full Story Complete the form to unlock this article and...
The Federal Trade Commission announced Tuesday (December 4) it is seeking comment on whether the agency should make changes to rules requiring financial institutions and creditors to take certain steps to detect signs of identity theft affecting their customers. Get the Full Story Complete the...
Amazon, Alibaba’s payment affiliate Alipay and other internet and Big Data players are a threat to traditional banks, warned Agustín Carstens, head of the Bank for International Settlements (BIS), on Tuesday (Dec. 4). Get the Full Story Complete the form to unlock this article and...
The center of the money laundering investigation at Deutsche Bank lies at a tiny unit that was barely able to eke out a profit and had been up for sale since the early part of 2016, reported Financial Times. Get the Full Story Complete the...
Chief financial officers at some of the world’s biggest banks and mortgage companies are in the crosshairs of a hacker group that compiled a list of 35,000 CFOs that they can target with requests to transfer money. Get the Full Story Complete the form to unlock...
