Visa terminated Jim McCarthy, the EVP of innovation and strategic partnerships, on Friday (Dec. 1). According to the company, the cause for termination was reported to be behavior that violated company policy. McCarthy will be replaced on an interim basis by Jack Forestell, Visa’s global head of merchant sales and solutions....
In the battle over the Consumer Financial Protection Bureau (CFPB), score one for team Trump. Perhaps temporarily, perhaps with staying power. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
The Consumer Financial Protection Bureau’s departing president, Richard Cordray, created uncertainty surrounding the leadership of the government watchdog after naming a temporary director. And now, it seems, the whole issue will certainly be decided by the courts. Get the Full Story Complete the form to...
Personal finance startup NerdWallet laid off 53 people on Thursday – about 11 percent of its workforce – due to its failure to hit profitability goals. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Groupon, the daily deal website operator, reported third-quarter earnings that showed an uptick in users in the three-month period ending in September. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
More bad news for Wells Fargo: The financial institution has fired four foreign exchange (Forex) bankers following an investigation into that business by both the bank and regulators. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The U.K.’s new payment system operator, which involves the consolidation of three payment schemes, announced news on Wednesday (Sept. 27) that it has named Paul Horlock as its first chief executive officer. A press release detailed that Horlock has worked in the banking sector for more than...
Bank of America Merchant Services laid off about 10 percent of its staffers last week, with sources saying that the cuts are the result of restructuring. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Equifax, the embattled credit scoring firm reeling from a data breach that may have impacted as many as 143 million U.S. consumers, announced news on Tuesday (Sept. 26) that Richard Smith will retire as chairman of the board and CEO of the company. Get the...
