While the Code of Hammurabi is best known for the “eye for an eye” proclamation, it also deserves credit for being the first recorded instance in history where money was formally recognized as a tool of civil society. While less eye-catching than the retributive justice part,...
Indian eCommerce giant Flipkart is preparing to shift its business to an Alibaba-like marketplace model, unnamed Flipkart suppliers have told the Times of India’s Economic Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The U.K. government plans to impose anti-money laundering (AML) regulations on bitcoin exchanges, beef up law-enforcement capabilities for spotting criminal use of digital currencies, and work with the digital currency industry on consumer protection standards, according to a British Treasury report issued this month. Get...
And then there was one for GoCardless. 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...
The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) should let banks share their reports of suspected money-laundering activity with their foreign branches and affiliates, payments association The Clearing House argued in a letter to FinCEN on Friday (March 13). Get the Full Story Complete the...
MasterCard announced yesterday that it has appointed Betty DeVita as Chief Commercial Officer of MasterCard Labs in New York, the company's team dedicated to the research and development of global payment innovations. Prior to this new role, DeVita served as President of MasterCard Canada. Effective...
A new partnership between Orange Money and Airtel Money will allow customers in the West Africa region of Burkina Faso to send and receive funds for the first time ever using their mobile devices. Get the Full Story Complete the form to unlock this article...
Across the Asia-Pacific region, each market is on its own path to secure digital transactions. In Australia, two-thirds of MasterCard transactions are already contactless in-store payments. In more emerging markets like Indonesia, consumers are just getting online to transact with mobile devices, but are well...
Uber CFO Brent Callinicos, who helped the ride-sharing startup raise more than $5 billion and reach a valuation of $41 billion, is leaving the company, the Financial Times reported on Monday (March 16). Get the Full Story Complete the form to unlock this article and...
