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...
Global financial-messaging network SWIFT has extended its Sanctions Screening service to support all messages used in financial transactions, regardless of format or financial network, according to Cash & Treasury Management File. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Over the past 40 years, innovators of all shapes and sizes have used ACH to enable an array of payments opportunities. According to Jan Estep, President and CEO of NACHA, the ACH network has been in a state of continuous change to meet the needs...
