The details are continuing to leak out from the massive Chase attack this summer, with the New York Times now reporting that a dozen other financial institution were attacked, including Fidelity Investments and E*Trade, which were “victimized in some way by the attacks.” Get the...
Against the backdrop of global political tensions and tit-for-tat diplomatic and economic sanctions involving Russia and the United Nations, Russia is publicly rethinking how it wants to handle payments. Partly, this is so that Russia can try and isolate and protect itself from external economic...
Remittances to developing countries are expected to reach $435 billion this year, representing a 5 percent increase over 2013. Remittances also grew faster this year–in 2013, the annual growth rate was around 3.4 percent. The main drivers for growth were Asia and South America. Get...
Italian taxpayers may have been cheated out of 8.5 billion kroner ($1.4 billion) in a cap and trade scandal that saw various European nation’s trading carbon emission credits with a fake company that seemed to exist merely to harvest money from the carbon trading market....
The three months through September were still the busiest for IPOs in four years and would have been even if Alibaba had never set foot in the U.S. and gone public. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Non-cash payments ticked up 10 percent in 2013 to 366 billion transactions, pulled along by intense growth in developing markets. According to RBS data, nearly a quarter of all global non-cash transaction growth–that’s about 93 billion transactions–happened in those developing markets. China remains less developed...
Apple Pay’s U.S. business model is based on issuers giving it a rebate on the fees they collect from merchants. But what happens when those fees are really low and headed lower? That’s Apple’s issue in Europe as it looks across the pond to find...
Payment network Ripple Labs just snagged is to U.S. banks closer to its goal of frictionless payments worldwide. CBW Bank and Cross River Bank, based in Kansas and New Jersey respectively, will be using Ripple to making global money transfers and payments. Ripple’s first partnership for the...
If imitation is the sincerest form of flattery, than the brothers Sawmer (Marc, Oliver and Alexander), the three founders of Germany’s Rocket Internet, are the worlds most accomplished and sincere flatterers. Rocket is famous for taking successful, but exactly trademark or patentable, e-commerce ideas from...
