Bankers must make consumer safety a priority as they develop a new, real-time electronic payments system, Consumer Financial Protection Bureau Director Richard Cordray told a financial conference on Thursday (Nov. 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
A U.S. Senate special committee is looking into scams that use reloadable prepaid debit cards like Green Dot’s popular MoneyPak card to victimize consumers, less than a week after the Consumer Financial Protection Bureau proposed new rules that increase consumer protections for funds stolen from...
China’s cabinet called for supporting the country’s e-commerce industry with preferential policies — a shift that would benefit Alibaba and JD.com, China’s biggest online retailers, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Managing the “dozens of ACH islands” that exist around the worldwide in order to pay hundreds or even thousands of payments to suppliers is typically time consuming and expensive. But that’s exactly the problem that Chen Amit, set out to solve four years ago when...
PYMNTS.com Bitcoin Price and Volatility index. 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 our daily newsletter, PYMNTS Today. By completing this form, you agree to...
New debit-card regulations from the Consumer Financial Protection Bureau won’t just cover reloadable plastic cards, but also payment services like PayPal, Venmo, Square Cash and Google Wallet, according to Bloomberg Businessweek. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
With an ever-increasing list of Know Your Customer regulations for banks doing international funds transfers, financial messaging network SWIFT is developing a new report to help banks spot red flags and problem customers using an analysis of SWIFT traffic.
An Argentine bank whose anti-money-laundering controls got a clean bill of health from the New York Federal Reserve is now at the center of civil and criminal Federal investigations over laundering of $24 million by means of more than 20,000 separate checks between 2005 and...
Colorado lawmakers, taking action against payday lenders, revised the state’s lending rules that, in 2010, extended loan terms to a minimum of six months. Short-term lending fell by more than 66 percent. Get the Full Story Complete the form to unlock this article and enjoy...
