Mandatory arbitration can make it difficult for consumers to sue their credit card companies when those companies are at fault. The Consumer Financial Protection Bureau wants to change that. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Any merchant has the ability to compete when it comes to selling cross-border. But competing to win, says Rick Barbari, Group VP at Digital River, is a whole different ball game. Winning at cross-border commerce not only requires a merchant to know and enable preferred...
Alibaba’s executive team has repeatedly said it’s taken strict measures to combat fraudulent sellers on its marketplaces, but there’s another force in China’s e-commerce market that’s making it harder to regulate: brushing. Get the Full Story Complete the form to unlock this article and enjoy...
MasterCard will be issuing every adult in Egypt a mobile-based debit card account that will double as a national ID card, the card brand and the Egyptian government announced on Tuesday (March 3) at Mobile World Congress in Barcelona. Get the Full Story Complete the...
The biggest global banks, including HSBC, RBS and JPMorgan Chase, are taking drastic measures to reduce their costs — and in most cases their size — in the face of regulators’ efforts to make sure they can be unwound in case of another financial crisis,...
Airbnb is halfway to raising another billion dollars in funding, and bringing its total valuation to $20 billion, TechCrunch reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Citigroup’s Banamex USA subsidiary is the subject of two more investigations for possible money laundering, the bank reported in an annual regulatory filing the SEC on Wednesday (Feb. 25). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The Consumer Financial Protection Bureau wants to give credit-card issuers — and itself — a break. Specifically, on Tuesday (Feb. 24) the CFPB proposed a one-year break from the requirement that card-issuing banks submit their consumer card agreements to be published on the bureau’s website....
New York bank regulators are considering massive programs to audit large banks’ cybersecurity and anti-money-laundering (AML) systems, The Wall Street Journal reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
