Bessemer System Federal Credit Union, a financial organization in Pennsylvania, is suing financial technology company Fiserv Solutions over what it calls rampant billing errors, significant bugs and “baffling” security lapses, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The European Commission announced Monday (April 29) that commitments made by Mastercard and Visa to reduce interchange fees are legally binding under European Union antitrust rules. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
To settle charges of insider trading, the ex-chief executive of Heartland Payment Systems Inc. agreed to pay a civil fine of $250,628. With his agreement to the settlement, which was filed this week in Connecticut, Robert Carr didn’t admit or deny wrongdoing, Reuters reported. Get...
The Indian government has drafted a bill that would ban cryptocurrencies and attempt to regulate any official digital money, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The Consumer Financial Protection Bureau (CFPB) announced Thursday (April 25) that it has issued a request for information on its remittance rule, which had faced calls by the Credit Union National Association for revision. Get the Full Story Complete the form to unlock this article...
The Consumer Financial Protection Bureau (CFPB) has announced changes to policies on Civil Investigative Demands (CIDs), which are investigational subpoenas issued by the CFPB. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Governments and companies looking to comply with PSD2 have had to meet several deadlines, some of which are still approaching. For FIs and merchants to fully integrate PSD2 regulations into their systems, they must comply with strong customer authentication by this September — a deadline...
Zillow has filed two lawsuits against Compass, accusing its rival of stealing Seattle-based Zillow’s intellectual property, as well as hiring employees who violated their non-compete agreements. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
In a series of statements and interviews, Kathy Kraninger, the new director (as of December of 2018) of the Consumer Financial Protection Bureau, has laid out a number of strategic priorities and processes for the bureau. Get the Full Story Complete the form to unlock...
