First it was Chinese authorities investigating Alibaba for letting fake and substandard goods be sold through its online marketplaces. Then the Securities and Exchange Commission wanted to know why Alibaba didn’t reveal that investigation before its record-setting, $25 billion IPO last September. Now — with...
Global efforts to prevent money laundering are both ineffective and incredibly expensive to maintain — and poor countries are the ones hit hardest by that cost, according to a commentary for Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy...
Santander Bank will relax its standards for approving new checking and savings accounts under a deal announced on Friday (Feb. 20) with New York’s attorney general. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
American Express can’t prevent merchants from suggesting that customers use a less-expensive payment card, a federal judge ruled on Thursday (Feb. 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Back in 2010 and in the aftermath of the financial meltdown, the CFPB was created by passage of the Dodd-Frank Act. Its intentions were to protect consumer rights in the financial sector with authority over banks, credit unions, debt collectors, securities firms, payday lenders, mortgage-servicing...
The federal government has opened up its pay portal, pay.gov, to the digital wallets from PayPal and Dwolla. This announcement follows a federal move to accept Apple Pay for many transactions with the federal government, such as at national parks, starting in September. Both are...
European manufacturers are now pushing for a consistent Eurozone-wide internet that can function as both a digital marketplace and a network for manufacturers to interoperate, the Wall Street Journal reported on Tuesday (Feb. 17). Get the Full Story Complete the form to unlock this article...
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Apple’s attempts to bring Apple Pay to China have hit a few bumps in the road. 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...
