Citigroup may wind down its Banamex USA operations as a part of a settlement with U.S. regulators amid allegations that the California-based unit has been beset by weak money laundering controls. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
As the payments industry becomes more sophisticated, payments executives say they’re more interested in disrupting the payments value chain, including cutting out the number of middlemen involved in the payments process, according to results from a new report from ACI Worldwide and Ovum. Get the...
NFC technology is discreetly spreading across the world like wildfire. A recent report published by Semico Research is revealing that NFC growth in mobile devices, wearables and cars will fuel a 15 percent CAGR from 2014 to 2020. Get the Full Story Complete the form...
Blockchain, the bitcoin wallet company, recently discovered it had sent $8,000 worth of bitcoins to a wrong address, which was a result of what the company called a security bug in its Android wallets. Get the Full Story Complete the form to unlock this article...
JPMorgan Chase has officially made its way onto the clearXchange payments network, a multi-bank P2P transfer network — a group that Chase helped form four years ago. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Cantaloupe Systems, the mobile and cloud-based technology company focused on cashless vending, announced Monday (June 1) that it now supports Android Pay. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Yesterday (June 1) at MIT’s EmTech Digital conference, the world got its first look at how they will be able to buy with Pinterest. The company’s head of partnerships, Tim Kendall, took the crowd through a mock-up of how Pinterest’s forthcoming action button is rolling out....
Calling the Silk Road “an assault on the public health of our communities,” Federal Judge Katherine Forrest sentenced 31-year-old Ross Ulbricht to life in prison for his role in creating the Silk Road — the bitcoin-ran online drug marketplace that funneled through billions of dollars for...
Edward Gilligan, president of American Express for the past two years, died after becoming seriously ill on a flight back to New York from a business trip on Friday (May 29), the company said in a statement. Get the Full Story Complete the form to...
