Despite pressure from politicians, the U.S. and its allies won’t push to expel Russia from the SWIFT global financial-messaging network, Bloomberg News reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Indian eCommerce giant Flipkart is preparing to shift its business to an Alibaba-like marketplace model, unnamed Flipkart suppliers have told the Times of India’s Economic Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The U.K. government plans to impose anti-money laundering (AML) regulations on bitcoin exchanges, beef up law-enforcement capabilities for spotting criminal use of digital currencies, and work with the digital currency industry on consumer protection standards, according to a British Treasury report issued this month. Get...
The Federal Reserve is launching a pair of new task forces to get its real-time payments effort moving, more than two years after it began working on the initiative, according to a post on the Fed Payments Improvement blog. Get the Full Story Complete the...
The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) should let banks share their reports of suspected money-laundering activity with their foreign branches and affiliates, payments association The Clearing House argued in a letter to FinCEN on Friday (March 13). Get the Full Story Complete the...
Banking data-security regulations would be a “poor fit” for retailers and other businesses that accept payment cards, the National Retail Federation said in a letter to a group of U.S. senators, according to The Hill. Get the Full Story Complete the form to unlock this...
As lawmakers consider measures for fighting payment data breaches, they need to consult with the people who are already in the fraud-fighting loop — and make sure they get the data they need, according to FICO VP of product management Doug Clare in a post...
Uber CFO Brent Callinicos, who helped the ride-sharing startup raise more than $5 billion and reach a valuation of $41 billion, is leaving the company, the Financial Times reported on Monday (March 16). Get the Full Story Complete the form to unlock this article and...
Lots of people in the payments industry have a hard time distinguishing EMV – the standard – from EMV the application of the standard to chip-based cards. And, for that reason, confusion reigns! Is EMV relevant in an online world? How about at offline merchants...
