The Commonwealth Bank of Australia (CBA) has formally agreed to a record fine of A$700 million ($529.3 million) in the hopes of bringing to an end the money laundering scandal that it has found itself wrapped up in. The fine marks the largest ever handed out...
When Prelude Software was getting its start 30 years ago, fixing payments for insurance carriers meant solving for what EVP Bill Clausen called a “benign but important request,” which was finding a way to switch from pre-printed check stock to blank check stock. Get the...
NXP Semiconductors, Visa and Mastercard are launching mWallet 2GOm, a white-label service aimed at smoothing efforts to develop mobile wallets. As Rafael Sotomayor, SVP of secure transactions and identification at NXP Semiconductors, tells Karen Webster, whether it’s payments on your wrist, payments via spoken word,...
“Blame It On the Rain” is more than the song that ended the musical career of early 90s sensation Milli Vanilli. The phrase is also a familiar refrain in retail — sung by retailers when disappointing results come at the same time as a streak...
Welcome to Five at Five, your late look at payments and commerce news you might have missed. Today brings news about a major financial boost for the future of automotive, along with a security move by Mastercard. Apple is going to launch a new chip,...
And the award for “techiest” retailer goes to … Walmart? 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 newsletter, PYMNTS Today. By completing this...
Add “social credit” to the list of factors that could influence the Chinese economy — and, perhaps, consumer activity in other parts of the world. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
After a winter that seemed on track to last forever, summer has arrived, and with a vengeance in some parts of the United States. That means people nationwide are looking for ways to stay cool — including parents who will spend the GDP of a small nation...
As Claire’s Stores seeks to attract investors and potential buyers, the retailer has gained approval to close 37 of its brick-and-mortar stores, which are primarily located in malls, Retail Dive reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
