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.
When the telco-based mobile wallet ISIS (from AT&T, Verizon and T-Mobile) recently changed its name to Softcard, it was done partially to distinguish itself from the al-Qaeda offshoot terrorist group with the same name, standing for the Islamic State of Iraq and Levant. But the...
Want to know how to triple the flow of commerce cross-border over the next ten years? Just remove the friction from how small businesses conduct commerce globally. That, cross-border payments company Currency Cloud says, is payments and commerce’s biggest opportunity and toughest challenge. A new...
Mahindra Comviva on Tuesday (Nov. 11) debuted a new service to be called ConnectMoney Service Manager, courtesy of a deal with a Zimbabwe company called Econet Wireless. The company said that it’s the largest rollout of secure EMV chip and PIN payment cards in Zimbabwe...
Apple Pay isn’t in Canada yet, but the Canadian government is working on legislation that would make it legal for merchants to pass mobile payment fees to the customer and have the option to reject mobile payments, MobileSyrup reported. Get the Full Story Complete the form...
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...
Alibaba said its sales for China’s Singles Day on Tuesday (Nov. 11) surpassed $2 billion in the first hour — including more than $1 million in Alipay transactions in the first 18 minutes — and 45.7 percent of first-hour sales were via mobile. Get the...
PayPal is jumping onto the cash-based electronic payments business trend in Russia, The Moscow Times reported. 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,...
As U.S. retailers prep for the Black Friday shopping rush, Alibaba has hit another record-breaking single-day sales record. 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...
