American Express is about to launch a $10 million campaign aimed at helping small U.S. retailers meet the October 2015 deadline for installing EMV chip-and-PIN point-of-sale terminals, Business Solutions reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
A series of compliance-driven regulations might be enough to push more correspondent banks to cut local bank ties to avoid “regulatory burden strangling their margins,” according to a Corporate Treasurer article. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The CFPB wants to take a closer look at overdraft fees, stating Monday (Oct, 27) that it tends to view overdraft as a form of short-term credit, and thus subject to the types of stringent regulations that the CFPB favors for shot-term lenders. Get the...
The day after Visa signaled that it will raise the interchange fee charged to U.S. banks next year, both Visa and MasterCard “are on the verge of lowering the processing fees paid by Canadian merchants, a move that reflects the traction merchants have gained with...
In a potentially significant ruling from the Financial Crimes Enforcement Network (FinCEN), Bitcoin platforms are being reclassified as money transmitters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
A New York urban policy professor took jobs at two check cashing centers on opposite coasts—one in Berkeley, one in the South Bronx—and ended up with a hugely different perspective on the need for cash cashers and, more to the point, how banks have gotten...
The FDIC is keeping a close eye on nonbank financial companies, including technology startups, and how they’re affecting banks, American Banker reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The Consumer Financial Protection Bureau (CFPB) is looking hard at banks’ policies on opening consumer checking accounts, including the third-party databases they use, American Banker reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The U.S. Postal Service is already delivering groceries for Amazon in San Francisco, and has now received an OK to extend the experiment for two years, Internet Retailer reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
