Visa Inc. is facing a probe from the Justice Department concerning allegedly anticompetitive processes in the debit card industry, The Wall Street Journal reported, citing unnamed sources. The antitrust arm of the Justice Department has been collecting data and asked if Visa had restricted the ability...
Here’s the latest news from the technology industry, which is coming under increasing global scrutiny from governments around the world. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Seismic shocks ahead for Big Tech loom — certainly in China, and almost certainly for firms here in the U.S. Bloomberg reported on Friday (March 12) that Tencent and Baidu have been censured by the nature’s antitrust regulators. Tencent and Baidu have been fined 500,000 yuan each...
A new trade group formed by FinTech leaders called the Financial Technology Association (FTA) launched Wednesday (March 10), according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Some states are moving ahead with their own regulations regarding internet privacy. As proposals for federal action pop up, a congresswoman has put together a bill that would create a national standard — but would forbid states from improving on the U.S. rules. Get the...
Here’s the latest news from the technology industry, which is coming under increasing global scrutiny from governments and consumers. 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...
New U.K. FinTech mandates following the Wirecard debacle could make it more difficult for startup firms to launch, according to a Financial Times report citing industry executives. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Here’s the latest news from the technology industry, which is coming under increasing global scrutiny from governments worldwide. 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...
Although Jack Ma agreed to turn over Ant Group’s customer financial data, the People’s Bank of China (PBoC) and Beijing regulators are not satisfied with the quality of what’s been submitted, the Financial Times (FT) reported on Tuesday (Mar. 2), citing sources. Get the Full...
