Visa announced a new fixed acquirer network fee policy recently which will take effect next April. Targeted at aggregators, instead of combining merchants under a single tax ID, aggregators must use individual tax IDs for each merchant. Who’s going to be helped or hurt?
Eden Alexander is an adult entertainer who through a series of unfortunate events, stemming from an allergic reaction and less than through initial medical attention due to her profession, found herself critically ill, unable to work and facing a mounting pile of medical bills. Luckily,...
A recent Wall Street Journal report on the short-term loan practices used by many low-income consumers paints an unlikely picture of individuals willing to pay high loan rates for quick cash. Government intervention into bank overdraft-protection policies and payday-lending practices, while for the purpose of...
How did Alibaba go from its humble roots as an idea cooked up in Jack Ma's apartment in 1999 to potentially the most humongous IPO in history in just 15 years? Very strategically, as it turns out. And, we’ve made it as easy as a...
Mailboxes once were full of junk mail, but much of that went away when the Direct Marketing Association let consumers opt out of unsolicited commercial mailers. Banks and credit card issuers, however, have been required for the past decade to mail their customers annual privacy...
Cross-border commerce is just about everyone’s strategic priority right now given the massive revenue opportunity that it represents. But, as everyone knows, supporting commerce in 220+ countries is expensive, and complicated. Now, best practices are beginning to emerge that enable faster, better and safer cross...
Just over one month after its initial detection, 300,000 servers are still at risk from penetration by the HeartBleed security bug, according to independent security researcher Robert David Graham. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Another week, another discovered security flaw. This week’s flaw, dubbed “Covert Redirect,” allows cyber-attackers to disguise themselves as log-in popups based on an affected site’s domain. Social media sites are among those affected, leaving potentially millions of users at risk of having personal information stolen.
Deutsche Bank has opened a sub-branch in Shanghai’s free trade zone, offering a range of capital market solutions to corporate and financial firms. The bank will provide cash management and trade finance services with a focus on cross-border transactions after the approval from China Banking...
