March 20, 2023
PYMNTS Intelligence: How Organizations Deliver on Faster Payments
Real-time payments have reached unprecedented levels of demand over the past five years, yet they are still available to just a small number of businesses and consumers. Studies have found...
March 20, 2023
Mastercard Bolsters Cybersecurity With Baffin Bay Purchase
Mastercard has acquired security firm Baffin Bay Networks to help its business clients fend off cyberattacks. Based in Sweden, Baffin Bay “adds to Mastercard’s multi-layered approach to cybersecurity and helps...
March 19, 2023
Bankman-Fried Reportedly Close to Bail Agreement With Feds
Accused crypto fraudster Sam Bankman-Fried is reportedly nearing a new bail agreement with federal prosecutors. Attorneys for the FTX founder — charged with engineering his company’s multibillion-dollar collapse — are...
March 17, 2023
FCA Says Many Payments Firms’ Controls Aren’t ‘Sufficiently Robust’
A United Kingdom regulator has cautioned payments firms that it expects their controls to be “sufficiently robust.” The Financial Conduct Authority (FCA) sent a letter to such firms on Thursday...
March 17, 2023
SEC Alleges Cannabis Company American Patriot Brands Misled Investors
Cannabis company American Patriot Brands has been charged with fraud. The complaint filed by the Securities and Exchange Commission (SEC) also names the company’s CEO, two current and former executives,...
March 17, 2023
An Insider on Why Instant Checkout Is a Deal-Maker for...
Four out of five Americans are interested in faster options to pay businesses for goods and services — an interest that is likely to grow, says Senior Vice President Peter...
March 17, 2023
Will FedNow’s July Launch Ignite Real-Time Payments in the US?
The Federal Reserve’s FedNow real-time rail debut is imminent. Financial institutions (FIs) including banks and credit unions have been using services from Zelle to rails like the RTP Network from...
March 16, 2023
Lebanon Central Bank Governor Denies Money Laundering and Embezzlement Allegations
Lebanon central bank Governor Riad Salameh has made his first court appearance facing international charges. Five European countries are investigating the Banque du Liban governor and his brother, Raja Salameh,...
March 16, 2023
FTC Request Info On Ads from Social Media & Video...
The US Federal Trade Commission (FTC) has asked that eight major social media and video streaming firms, including Meta Platforms, Twitter, TikTok and YouTube, turn over information surrounding how they...
