China is finalizing its first rules for online-only banks, striving to reduce financial jeopardy and lure pivotal participants, Reuters reported on Monday (Jan. 13), citing three sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The fact that instant disbursements are overwhelmingly preferred by consumers isn’t much of a surprise. When stacked up against a paper check, money that is instantly loaded to one’s digital account of choice seems an obviously superior option. After all, when it comes to collecting...
It’s a new year, and in Europe, an expansion of scrutiny and laws governing data sharing. 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 daily...
In order to enhance and ensure security and safety for all stakeholders — including, most critically, customers — the Reserve Bank of India (RBI) last Friday modified the penalties for payment system operators who do not follow regulatory requirements. Get the Full Story Complete the...
Wells Fargo is striving to revamp its approach to technology to ensure systems stay online, satisfy regulators and block cybercriminals, the Wall Street Journal (WSJ) reported on Saturday (Jan. 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Medical technology company Masimo is suing Apple, saying that the company stole trade secrets related to its health monitoring technology and also stole away key employees, according to a report by Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy...
The Consumer Finance Protection Bureau (CFPB) has filed lawsuits against several companies offering to forgive student loan debt for allegedly obtaining peoples’ data illegally, charging unlawful fees and engaging in “deceitful conduct,” an announcement said. Get the Full Story Complete the form to unlock this...
The head of the U.S. Chamber of Commerce, the largest and most powerful business lobbying group in the country, criticized presidential candidates challenging President Donald Trump on their proposed policies concerning Medicare and taxing of the wealthy, according to a report by the Financial Times....
In physics, one of Newton’s Laws state that for every action, there is an equal and opposite reaction. In payments, it can be stated that for every action, there is reaction. Whether it will be equal or opposite remains to be seen. Get the Full...
