California’s legislature is considering a license for Bitcoin exchanges that would require maintaining bank-style reserves against possible losses, CoinDesk 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....
Several large U.K. banks may be at risk because of a security hole in their two-factor authentication systems, and regulators aren’t acting to deal with the problem, a security research company has revealed. Get the Full Story Complete the form to unlock this article and...
Organizations representing banks and credit unions have expressed support for a revived effort to replace the director of the Consumer Financial Protection Bureau with a five-member commission. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Mandatory arbitration can make it difficult for consumers to sue their credit card companies when those companies are at fault. The Consumer Financial Protection Bureau wants to change that. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Any merchant has the ability to compete when it comes to selling cross-border. But competing to win, says Rick Barbari, Group VP at Digital River, is a whole different ball game. Winning at cross-border commerce not only requires a merchant to know and enable preferred...
Alibaba’s executive team has repeatedly said it’s taken strict measures to combat fraudulent sellers on its marketplaces, but there’s another force in China’s e-commerce market that’s making it harder to regulate: brushing. Get the Full Story Complete the form to unlock this article and enjoy...
MasterCard will be issuing every adult in Egypt a mobile-based debit card account that will double as a national ID card, the card brand and the Egyptian government announced on Tuesday (March 3) at Mobile World Congress in Barcelona. Get the Full Story Complete the...
The biggest global banks, including HSBC, RBS and JPMorgan Chase, are taking drastic measures to reduce their costs — and in most cases their size — in the face of regulators’ efforts to make sure they can be unwound in case of another financial crisis,...
Airbnb is halfway to raising another billion dollars in funding, and bringing its total valuation to $20 billion, TechCrunch 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....
