On Friday (Feb. 6), The Clearing House (TCH) and the Consumer Bankers Association jointly filed a comment letter in support of NACHA’s proposal to enhance the ACH network by establishing ubiquitous, same-day ACH processing and settlement capability. Get the Full Story Complete the form to...
Once transaction processing for Visa and MasterCard has been transferred to the new Russian National Payment Card System in April, the cards will again function in Crimea, a Russian government official said on Friday (Feb. 6). Get the Full Story Complete the form to unlock...
At a point when data security and fraud protection are becoming more important issues for retailers after a recent spat of high profile data breaches and new hearings on the issue in Washington, FBI investigators have discovered that over 90 percent of the data breaches reported...
The premise behind Operation Choke Point, a joint initiative between the DoJ, FDIC and CFPB, was direct enough when it launched in early 2013. Instead of going directly after certain suspect industries – such as short-term lenders, pornographers, ammunition dealers, escort services or online gambling...
A subprime credit card issuer will refund $2.7 million to customers and pay a $250,000 fine for charging customers illegal fees, the Consumer Financial Protection Bureau announced on Wednesday (Feb. 4). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The Consumer Financial Protection Bureau (CFPB) and the U.S. Department of Education (USDE) announced Tuesday (Feb. 3) that it will be providing $480 million in forgiveness for borrowers who took out Corinthian College’s high-cost private student loans. Get the Full Story Complete the form to unlock...
In an attempt to shore up its emerging brick-and-mortar business, Amazon.com Inc. is in talks about acquiring some RadioShack Corp. locations after the electronics chain files for bankruptcy, two people with knowledge of the matter said according to Bloomberg. Get the Full Story Complete the...
Former Federal Reserve Bank of Atlanta EVP, Rich Oliver, says that NACHA’s recent decision to create a same-day ACH environment will create “a nice bridge to the ultimate nirvana of a real-time retail payments environment.” In a PYMNTS inclusive, Oliver writes that not only is...
Prepaid card giant Green Dot plans to begin offering credit lines to its customers. It’s a move the company has tried before — but the new version likely foreshadows how new regulations will reshape the prepaid card industry, according to American Banker. Get the Full...
