German payment card issuers are facing a major threat. They largely depend on Multilateral Interchange Fees – but currently, proposed interchange fee changes in the EU could shake up the nation’s financial ecosystem. In a recent podcast, Tom Stankiewicz, Director of Business Development at TSYS...
It’s not easy selling jeans. With the release of a round of disappointing sales figures, GAP CEO Glen Murphy has announced that he is stepping down from the role sometime next year, reports The Wall Street Journal. Get the Full Story Complete the form...
Bidding for peer-to-peer loans has become highly competitive, as small banks have joined fast-money and retail investors searching online marketplaces for the strongest and highest-yielding credits, according to American Banker. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
It’s official. Apple is throwing an iPad launch party on October 16th at the Apple campus in Cupertino, California at 1pm EST. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
As the hoopla over Apple Pay wanes, skepticism is beginning to set in — even among executives at big retail chains that will be rolling out Apple’s new payment system later this month. On Tuesday (Oct. 7), Target director of finance Bill Ramsey told a...
Bank of America Corp. will take over financing for a top U.S. oil refinery controlled by Philadelphia Energy Solutions from J.P. Morgan. The oil-services contract was among the commodity assets divested this year by Chase. Get the Full Story Complete the form to unlock this article...
Television investment-advice-giver Jim Cramer recently told his CNBC audience that he just discovered fleet card companies and loves them. “The fleet card business may be the hottest business that you’ve never heard of,” he said. Get the Full Story Complete the form to unlock this...
Regulations for the providers of financial-transaction infrastructure aren’t going to return to pre-financial-crisis levels — in fact, they’re likely to be an ever-increasing burden for everyone involved in a transaction. But regulators could make that burden easier to handle by providing more guidance on what...
The CFPB is worried about checking, particularly consumers’ access to it. In remarks recently released by CFPB head Richard Cordray, he affirmed the basic necessity of access to banking products for the American consumer. Get the Full Story Complete the form to unlock this article...
