The Federal Communications Commission wants wireless carriers to do more to stop the million-plus smartphone thefts in the U.S. every year, the Wall Street Journal reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Google will refund at least $19 million in in-app purchases by children that were “accidental or not authorized by the account holder,” according to a consent order that the FTC finalized last week. Get the Full Story Complete the form to unlock this article and...
The California state government is debating whether to regulate Bitcoin—and other digital currencies—after legally concluding that they have the authority to do so, BusinessWeek is reporting. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The Federal Reserve’s Regulation D — which limits the number of monthly transactions customers can make with their savings accounts, including automatic payments — is getting a hard look from Congress, American Banker reported. Get the Full Story Complete the form to unlock this article...
For the first time since 2010, federal regulators have released a new guidebook on how to meet anti-money-laundering (AML) regulations, Bank Info Security reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The global payments environment is increasingly crowded, even noisy. Next to Apple Pay, it’s a topic of conversation that’s all over the payments industry for obvious reasons – where there’s global commerce, there’s a need for global payments. But there are specific areas in dire...
MasterCard has asked Australian lawmakers to regulate Bitcoin and other cryptocurrency exchanges exactly the way it does other payments operators — complete with anti-money-laundering and consumer protection features, according to Finextra. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Delivering mass payments is pretty easy if a corporation is paying 50,000 payees the same amount, in one country, and everyone’s banked, says Lisa Shields, CEO of hyperWALLET. Where it gets difficult, she says, is when you’re paying 50,000 people different amounts across 80 countries...
Visa Europe has launched a publicity campaign to derail payment-card reforms passed last year by the European Commission that include caps on interchange fees, rollbacks of many of Visa's rules for merchants, and encouragement of new players and alternative forms of payment.
