China’s UnionPay, the payment card issuer, is gearing up to roll out branded cards in the U.K. as it expands more into Europe, aiming to take on Visa and Mastercard. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Flipkart, the Indian eCommerce company owned by Walmart, is in discussions to acquire a stake in Hotstar, the video streaming service owned by Star India. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
PYMNTS spoke with almost 400 executives across accounts payable (AP), accounts receivable (AR), payroll and treasury management roles to cut through the hype and gain a clearer understanding of the evolving B2B payments ecosystem, mapping the immediate future of ePayables, making a deep dive into...
Exactly one year before Hurricane Florence began her reign of terror in the Carolinas, Karen Webster interviewed’s Ingo Money CEO Drew Edwards and Visa’s senior vice president and head of U.S. Push Payments Cecilia Frew on how last year’s twin disasters, Hurricanes Harvey and Irma, were...
In 2016, $81 million disappeared from Bangladesh’s central bank. It could have been a lot worse — hackers tried to get away with $1 billion. U..S court filings this month may have revealed whodunit — and how. The cyberattack made off with the bucks via...
In the latest salvo of cross-border probes over money laundering, The Wall Street Journal reported Friday (Sept. 14) that U.S. law enforcement agencies are examining Danske Bank over what has been termed “massive money laundering flows” from Russia and several former Soviet states. Get the...
To settle allegations involving its premium “dark pool” called Citi Match, Citigroup will pay more than $12 million in “disgorgement and penalties.” The news comes as the U.S. Securities and Exchange Commission (SEC) claims that two high-frequency traders routed millions through Citi Match, while the...
Welcome to Five at Five, your late look at the day’s payments and commerce news. Coverage includes a Walmart acquisition and the rise of local brands in China. A new analysis predicts a financial crisis in 2020, a single sign-on for mobile apps is coming...
To challenge the Office of the Comptroller of the Currency (OCC)’s decision to allow online payment companies and lenders to have national bank charters, the top banking regulator in New York is suing the federal government. In a complaint filed with a federal court, New...
