While the clock is ticking down toward the October 2015 EMV liability shift, an increasing number of analysts are questioning whether the majority of U.S. merchants will convert by that deadline, or at all. Get the Full Story Complete the form to unlock this article...
The Supreme Court on Monday turned away the retailers’ challenge to the Federal Reserve’s regulation implementing the interchange-cap and network-exclusivity rules adopted in the Durbin Amendment to Dodd-Frank. The case was closely watched, because the trial judge held the Federal Reserve regulation invalid and ordered...
Discover, Capital One and HSBC will pay a total of $2.2 million to settle charges that they misleadingly sold credit-card payment protection plans in Missouri, the state’s Attorney General announced. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The U.S. Supreme Court has decided it will not consider a challenge to Federal Reserve regulations on the swipe fees merchants are charged for processing debit transactions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Uber CEO Travis Kalanick said he wants to expand operations in Europe, creating 50,000 jobs there and taking 400,000 personal vehicles off the road, according to Re/code. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
China’s first experiment in online banking has finally opened its virtual doors — but for now, only for a select few, The Wall Street Journal reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
On Friday (Jan. 16) in the United States District Court in Nevada, the Federal Trade Commission reached a $21 million settlement with two payday lending companies in the largest payday loan settlement in history for deceptive lending practices and providing deceptive information to customers. Get the...
The U.S. and U.K. will hold joint “cyber wargames” to improve cooperation between the two countries. But President Barack Obama stopped short of endorsing British Prime Minister David Cameron’s campaign to outlaw encryption for phones and email that law enforcement wouldn’t be able to penetrate,...
Three months after examiners from the National Credit Union Administration lost a thumb drive containing names and account numbers of a credit union’s members during an audit, the federal regulator said it will reimburse the credit union for its costs in the breach, Bank Info...
