American Express will pay between $4 million and $6 million to settle claims that it increased consumers’ fixed-interest rates to a higher, variable rate without permission or notification, Law360 reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Even though the official end of Summer isn’t for another few weeks, the impending turn of the calendar pages from August to September sure signals that summer is over . If that isn’t enough, the signs of Fall are also in great abundance: kids are...
2014 is shaping up to be the year that the internet decided the best thing it could do is make sure that consumers never had to wait for anything again. Delivery-on-demand for just about everything is now available—Amazon and Google are both going after grocery,...
Russia’s Laitbank is expected to begin issuing 10,000 China UnionPay cards this month, according to Ria Novosti. 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...
As government financial regulators push harder for compliance with sanctions and anti-money-laundering laws, some of the world’s biggest banks are beginning to disclose the costs of meeting those demands, according to the Financial Times. Get the Full Story Complete the form to unlock this article...
Just as train commuters can get off at any time at stops along their journey, businesses in today’s omnichannel environment similar have greater choice in choosing with whom to buy for their enterprise needs. Helping derail the traditional buyer-sellers relations include social distractions, competitive touchpoints,...
A recent Urban Institute analysis of the credit files of nearly 7 million Americans revealed that 35 percent had a debt so far past due it had been referred to a collection agency. And this has led to a strong market for debt-collection agencies, not...
Developing economies such as the Middle East, Asia, and Africa are all poised for massive growth as cash goes digital and consumers embrace mobile. As different as these markets are, they have one common theme: consumers are driving the change. MasterCard’s CEO of ElectraCard Services...
Sears Holdings burned through another $747 million and recorded a loss of $573 million in its second fiscal quarter. The retailer is weighing additional steps to shore up its balance sheet, the company said in its earnings call on Thursday (Aug. 21). Get the Full...
