A New York start-up wants to challenge Craigslist and Ebay by encouraging its buyers and sellers to use Bitcoins instead of other payments. Corkket.com wants to reshape local online trading by providing more trustworthy ways for payments and offer full refunds to buyers who change their...
On Thursday, the Justice Department and Federal Trade Commission sent corporate America a policy statement stating that it was OK to share cyber threat information, according to The Business Journals. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Trolls aren’t just those so-ugly-they’re-cute creates that live under bridges in fairy tales. Patent trolls hide in the background waiting for the day that an innovator launches something new, besieging them with claims of patent infringement, many of which end up being erroneous. It cost...
Wells Fargo & Co. on April 11 reported a jump in first quarter credit card penetration in its retail banking households, to 38 percent, up from 34.1 percent a year earlier. The issuer also noted a 9 percent jump in its overall average consumer credit...
JPMorgan Chase & Co.’s Card, Merchant Services & Auto unit on April 11 reported a 4 percent drop in net revenue for the first quarter ended March 31, to $4.5 billion. Net income also was down, by 15 percent, to $1.1 billion, driven by lower...
A U.S. District Court judge on April 10 dismissed litigation accusing three leading card issuers of colluding to require cardholders to enter into arbitration to settle disputes instead of class-action litigation. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Several Russian banks were recently denied services by Visa and MasterCard, and now the general public is concerned about the country’s financial situation, according to RIA Novosti. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The Consumer Financial Protection Bureau (CFPB) on April 9 ordered Bank of America Corp. (BofA) to provide an estimated $727 million in relief to roughly 1.4 million consumers it says were harmed by deceptive marketing related to controversial credit card add-on products. BofA also illegally...
A program run between 115 Japanese supermarkets and convenience stores to share biometric customer face data has drawn criticism for offering a wide variety of possible customers’ rights abuses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
