Cloud accounting and ERP company VersAccountsannounced last week (Aug. 21) that the former Sage UK/Ireland CEO Liam Mullaney will be joining the firm to help in its European expansion. According to a company statement, Mullaney’s experience working as a business software publisher will be beneficial...
The European Central Bank has identified four key payment systems under new regulations that took effect this month, making the payment systems subject to tighter regulatory control, Finextra reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Small- to mid-size business owners understand that late payments will in all likelihood lead to debt. So why would an organization postpone updating a system that ensures timely invoices? One UK-based law firm discovered that 80 percent of businesses failed to update their terms and...
Russia’s Central Bank is preparing to abandon its deadline for MasterCard and Visa to pay transaction security deposits because neither has yet selected a partner to process cards in Russia next year, according to a report Thursday (Aug. 14) in Russian business daily Vedomosti. Get...
A Russian national has been indicted for a series of cyber attacks against financial institutions (including Chase Bank, Capital One, Citibank and the Boeing Employees’ Credit Union) and retail POS in the U.S., as well as for running various carding forums that resold payment card...
Russia is a cash society. Only 20 to 25 percent of Russian adults have bank accounts. Just 15 percent had credit cards in 2011, and 90 percent of those cards are used only for withdrawing cash. For big purchases, bringing along a suitcase of rubles...
The ongoing political battle stemming from sanctions and other activities in the Russian/Ukrainian dispute likely will have significant cross-border trading implications, especially in Western Europe. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Diplomacy is a tricky game and imposing financial penalties against nuclear nations can have frightening consequences. That is the lesson learned this week by MasterCard. When the U.S. this summer imposed serious sanctions against Russia, it halted payment card charges and purchases from quite a...
The Paym service seems to be taking off among British banking customers. More than a million users have signed on to use the service, which allows (U.K. equivalent) ACH transfers of funds between mobile numbers. Get the Full Story Complete the form to unlock this...
