American Express announced Monday that they will pay $112.5 million in refunds and fines to reach settlements with four federal agencies, including the Consumer Financial Protection Bureau and Federal (CFPB) and Federal Deposit Insurance Corporation (FDIC), over illegal practices and regulatory infractions. Get the Full...
A new report released by the European Central Bank (ECB) yesterday analyses the social and private costs of making retail payments in 13 European countries and discovers that they are substantial, amounting to around €45 billion, or almost 1% of their combined GDP. If extrapolated...
By Nick Ogden, CEO and founder, CashFlows. 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...
French mobile operator SFR is planning to enter the payments market and is launching a pre-paid contactless card in a joint venture with MasterCard. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The digital security leader has announced that Western Union has approved Gemalto’s LinqUs Mobile Payment Platform to offer its customers mobile transfer services across borders. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
After Casino’s virtual supermarket plans it is time for its rival Carrefour to launch a virtual supermarket in France. Carrefour will be testing the payment technology today in Lyon and is planning to launch its first shop this month in Paris. Get the Full Story...
Ukraine’s largest bank – PrivatBank – will be distributing Gemalto’s Optelio stickers at its branches and high street shops. The stickers will enable customers to pay with their phone at Paypass contactless terminals. Get the Full Story Complete the form to unlock this article and...
Last week Portuguese restaurants decided to have a cardless day to protest against high transaction fees and taxes. 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...
Paypal has joined forces with French startup Storific to launch a new application. According to the source, users will be able to look at menus, place orders and pay through Paypal, all from their phone. Get the Full Story Complete the form to unlock this...