Four years after regulators tried to curb them with regulations; overdraft fees are on the rise. The median fee for over withdrawing on a checking account was up to $30 in 2013; up a dollar from the year before and $4 from 2009. Overdraft fees...
Only the bitcoin community could put on a happy face when the IRS led the way for tax authorities around the world to blow up billions of dollars of value for bitcoin holders. Coindesk, with its typical only-good-things-happen-in-bitcoin-land attitude, noted cheerfully, “The increased clarity …...
In the wake of U.S. sanctions in response to Russia’s annexation of Crimea, Russian President Vladimir Putin has called for the creation of the country’s own payment system to rival Visa and MasterCard. Both American credit card companies stopped processing transactions for customers of Bank...
Wal-Mart Stores Inc., which made a name for itself in the payments industry almost two decades ago when it led a class-action lawsuit challenging the “honor-all-cards” and debit card interchange policies of Visa and MasterCard, is at it again. The mega-retailer this week filed a...
MasterCard has appointed Anna Yip as head of its Hong Kong and Macau operations. Yip will develop MasterCard’s strategy for local markers and promote strong business alliances with customer financial institutions in the region, according to The Asset. Before joining MasterCard, Yip was a managing...
VoiceVault has announced the launch of ViGo, its first, exclusively mobile, biometric platform. “Because hundreds of millions of people use their smartphones or tablets for both business and personal applications, there is very large demand for strong, but simple, log-on or activation,” Dan Miller Sr.,...
Bitcoin collecting and use just got a lot more complicated, thanks to a March 25 IRS notice classifying bitcoins as property and not currency. As such, it imposes a huge record-keeping burden on anyone who is dealing in bitcoins. According to the IRS, general tax...
A cash-payment kiosk system for marijuana sales has been developed by Kansas City, Mo.-based software company Agrisoft and C4EverSystems LLC, according to a report in the Kansas City Business Journal.
Cybersecurity and debit represent the two major common themes as it relates to recent regulatory attention globally, a top official at Visa noted in a recent analyst discussion. During the discussion with Morgan Stanley analysts, Byron Pollitt, Visa’s chief financial officer, said the company is...
