The European Central Bank (ECB) has plans to independently investigate an incident that affected its TARGET2 real-time gross settlement system on Oct. 23 this year, which resulted in a near 10-hour outage, according to a press release. Get the Full Story Complete the form to...
In today’s top payments news around the world, Visa is rolling out a new program meant to link European financial institutions (FIs) and merchants with cutting-edge digital payment offerings, Payments Canada is teaming with Mastercard’s Vocalink to advance a new Real-Time Rail (RTR) payment system....
The United Kingdom is poised to become the latest country to roll out rules aimed at barring acquisitions by foreign countries of businesses in key or strategic sectors. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Big technology firms in China are suffering as regulatory issues continue, triggering falling share prices, according to a CNBC report on Wednesday (Nov. 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
After gaining a new license to operate as a financial institution in Latin America’s largest economy of Brazil, MercadoLibre will work on expanding its portfolio of credit offerings, a report from BNAmericas says. Get the Full Story Complete the form to unlock this article and enjoy...
As most companies rush to grow their online presence, Alibaba is actively seeking to expand its offline footprint through its new manufacturing division, Xunxi. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
In today’s top payments news around the world, Red Dot Capital Partners has landed $200 million to invest in tech firms, Walmart announced it would sell its retail operations in Argentina to Grupo de Narváez. Plus, Amazon has opened three additional logistics hubs in Brazil....
Sales of cars in China posted a big gain in October, offering a bright spot for the still recovering global auto sector, with electric vehicles leading the growth charge, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form to unlock this...
The European Union is hitting U.S. companies with tariffs on up to $4 billion worth of goods, according to a CNBC report on Monday (Nov. 9). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
