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...
Global financial-messaging network SWIFT will not unplug either Russia or Israel from the system unless the European Union officially adopts appropriate sanctions, the organization said on Monday (Oct. 6). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Currently, banks are still processing about 85 percent of all international payments. At the same time, for many organizations looking to gain a global presence, international payments are often too complicated, and banks’ pricing isn’t transparent, says Mike Laven, CEO of Currency Cloud. In a...
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...
Economist, and “What’s Next in B2B Payments?” keynote speaker, Nouriel Roubini correctly identified the financial crisis of 2008 well before it was a frightening reality. Now, seven years later, global markets have rebounded and are more buoyant than ever; and according to Professor Roubini they...
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...
U.S. Bank said on Monday (Oct. 6) that it has signed up more than 5,000 carriers to use the Freight Bill Lookup online tool for the bank’s freight-payment trade finance service. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Back in March, China bans using QR Code for payments, but that may end shortly, according to a report in Mobile Commerce News. The initial ban from the Central Bank was issued because of security concerns. Get the Full Story Complete the form to unlock...
Samsung is making its NFC payment move in China, in a deal with UnionPay, China’s largest payment card firm. 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...
