News

B2B Payments
Samsung Unit Afoul Of Accounting Law, Regulator Says
July 13, 2018

South Korean financial regulators said a unit of Samsung, Samsung BioLogics, intentionally breached corporate accounting rules, Reuters reported Thursday (July 12). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Retail
Walmart Plans More Convenience Stores
July 13, 2018

Walmart has opened another convenience store, this time launching a Walmart Fuel Station in Plano, Texas. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

Regulation
FTC: Fair Credit Reporting Act Still Top Priority
July 13, 2018

The Federal Trade Commission testified on Thursday (July 12) that enforcement of the Fair Credit Reporting Act (FCRA) remains a top priority. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Regulation
Lawmakers Say FinTech, Not Dodd-Frank, Should Be GOP Focus
July 13, 2018

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...

Regulation
Malta’s Lack Of Anti-Money Laundering Enforcement Slammed By EU
July 13, 2018

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...

CFPB
Ex-CFPB Director, Raj Date, Helps Cryptos Remain Compliant
July 13, 2018

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...

IPO
Blockchain Co R3 Eyes IPO
July 13, 2018

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 —...

Security & Fraud
Users Of Digital Payment Services Have Difficulty Recovering Mistakes
July 13, 2018

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...

Retail
Walmart May Be Looking To Sell Off Its Japanese Business
July 12, 2018

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...