The Trump administration is proposing major changes to the Community Reinvestment Act — a law first enacted in 1977 — that experts believe could mean big changes for the rules that govern lending to poor borrowers. According to Wall Street Journal reports, the net effect of...
ICBA Bancard, the payments services unit of the Independent Community Bankers of America, announced news on Wednesday (Jan. 10) that ICBA Bancard client banks can now access the NYCE Payment Network’s point-of-sale (POS) and ATM debit card services. Get the Full Story Complete the form...
ACI Worldwide, the real-time electronic payment and banking services company, announced news on Wednesday (Jan. 10) that its partnership with Klarna has been expanded, with Klarna tapping ACI’s UP eCommerce Payments service. Get the Full Story Complete the form to unlock this article and enjoy...
The end is here for bitcoin in South Korea, it seems, as Reuters is reporting that the government of the Asian nation has officially decided to ban cryptocurrency trading. Police and tax authorities have reportedly been raiding local exchanges on alleged tax evasion charges. Get...
After shrinking the size of some of its stores, Kohl’s plans to lease out the newly vacant space in its “right-sized” locations, according to news from Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
When the Justice Department abruptly announced its revocation of the Cole Memo — the set of federal guidelines that allowed the legal marijuana industry to operate at the state level despite its status as an illegal Schedule 1 narcotic — it neglected to contact the...
In a new financing round led by Valar Ventures, Petal raised $13 million in its mission to make credit cards accessible to those without a good credit history, TechCrunch reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Democratic Senators Elizabeth Warren and Mark Warner are introducing new legislation that would allow the U.S. government to levy fines on companies that are the subject of data breaches. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
If loyalty is the coveted grail of retailers when it comes to consumers — in other words, that sticky relationship that keeps ‘em buying — how to score points? Literally. As in points that are accrued and redeemed and which keep both merchants and consumers...
