U.S. Representative Patrick McHenry thinks it’s time for the GOP to move on from its mission to kill the Dodd-Frank Act. McHenry, a front-runner to become the next chairman of the Financial Services Committee, believes Republicans should instead focus on legislation that will help prevent...
The European Banking Authority, the main banking regulator in Europe, slammed Malta for “systematic” failings in the enforcement of anti-money laundering rules, reported the Financial Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Raj Date, a former Consumer Financial Protection Bureau (CFPB) deputy director turned venture capitalist, is launching a new firm that will consult cryptocurrency and digital banking companies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Sources are reporting that R3 — a blockchain-software company that works with big companies such as Intel, Microsoft, U.S. Bank and Wells Fargo — is considering going public. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Digital peer-to-peer payment services like Venmo are growing in popularity, but according to a report in The Wall Street Journal, consumers who make faulty payments are having a tough time getting reimbursed. Get the Full Story Complete the form to unlock this article and enjoy...
As Walmart is refocusing its efforts in the U.S. and around the world, it seems the Japanese market is dropping from a place of prominence. Walmart has been operating in Japan for the last 16 years — a time described as “tumultuous” by the Financial...
Welcome to Five at Five, your late look at the day’s payments and commerce news. Coverage includes the latest about Amazon’s healthcare plans and Walmart’s credit card strategy. A new payment offering targets ridesharing, a controversial analytics firm is being reborn and more naps are...
Walmart is mulling shifting its branded credit card business to Capital One Financial from Synchrony Financial as it aims to expand the company’s mobile payments offering. Bloomberg, citing people familiar with the matter, reported that Walmart has narrowed the list of credit card partnership bidders...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes U.K.-based Callcredit’s upcoming name change to TransUnion. In addition, Glint is planning an expansion to the U.S. and Tata Capital has rolled out a new lending platform in India. Get the...
