The Federal Reserve is launching a pair of new task forces to get its real-time payments effort moving, more than two years after it began working on the initiative, according to a post on the Fed Payments Improvement blog. Get the Full Story Complete the...
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...
Banking data-security regulations would be a “poor fit” for retailers and other businesses that accept payment cards, the National Retail Federation said in a letter to a group of U.S. senators, according to The Hill. Get the Full Story Complete the form to unlock this...
As lawmakers consider measures for fighting payment data breaches, they need to consult with the people who are already in the fraud-fighting loop — and make sure they get the data they need, according to FICO VP of product management Doug Clare in a post...
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...
Lots of people in the payments industry have a hard time distinguishing EMV – the standard – from EMV the application of the standard to chip-based cards. And, for that reason, confusion reigns! Is EMV relevant in an online world? How about at offline merchants...
According to a report put out by Verizon Communications, four-fifths of companies fail interim compliance assessments for payment card data security. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Lyft has snagged a $300 million investment from Japanese e-commerce giant Rakuten in a funding round that gives the ride-sharing company a $2.5 billion valuation, according to Bloomberg News. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The Consumer Financial Protection Bureau (CFBP) announced yesterday (March 11) that its examiners have uncovered legal violations that will result in $19.4 million being given back to more than 92,000 consumers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
