There’s no question that virtual currencies such as Bitcoin have traditional payments regulators upset, given the relative transaction anonymity they bring to the table. Moreover, they continue to be a risky venture for consumers, the Consumer Financial Protection Bureau noted earlier this week, the first...
In what will likely go down as one of the more appropriately metal moves of a ridesharing service, the ridesharing service Uber has roundly declare “Nein!” to Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
EBay has been in talks to accept Bitcoin through its Braintree unit, according to a report Thursday (Aug. 14) in The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Worried about new age cab competitor Uber, a group of taxi firms in India are trying a creative legal attack on Uber and it all revolves around payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The PCI Council, which rules payment-card security, just issued new guidelines for how to outsource payments-related work to third parties. The message: You can't just hand off security and forget about it.
Publicly, all retailers have—historically—said that data breach disclosures need to happen quickly and publicly. Privately, though, IT and security specialists have long questioned the point of such disclosures, especially the early ones. The initial reports are almost always wrong, shoppers can't do anything useful with...
State prosecutors in New York on Monday (Aug. 11) brought criminal charges against a dozen payment companies, “accusing them of enabling payday loans that flouted the state’s limits on interest rates in loans to New Yorkers,” according to a story in The New York Times....
Do Visa and MasterCard have enough control over the U.S. payment card market that they can violate a smart card patent. A federal appeals court last week began hearing arguments in a case in which card vendor SmartMetric Inc. contends they do, and have. Get...
In a move that should sharply boost—some might say inflate—consumer credit scores, FICO on Thursday (Aug. 7) changed its policy and will no longer consider an unpaid or late bill, once that bill “has been paid or settled with a collection agency,” The Wall Street...
