Barclays US Consumer Bank will become the exclusive issuer of General Motors’ GM Rewards Mastercard and GM Business Mastercard in the United States in the summer of 2025 and will acquire the card program’s receivables from the current issuer — Goldman Sachs — next year....
British banking giant Barclays will pay $4 million to settle a U.S. regulatory case. The Commodity Futures Trading Commission (CFTC) announced Tuesday (Oct. 1) that it had settled charges against the bank for violations of the Commodity Exchange Act (CEA) and CFTC regulations relating to swap reporting. “Over the...
American Airlines is reportedly considering consolidating its business with a single credit card partner, potentially by making Citigroup its exclusive partner and dropping Barclays. The airline’s talks with banks and card networks are ongoing and the timing of an agreement is unknown, CNBC reported Friday...
Barclays is reportedly having trouble unloading a stake in its U.K. merchant payments unit. That’s according to a report Friday (Sept. 13) by Reuters, which cited sources who say the difficulty is down to differing views on that business’s valuation. Brookfield, which manages more than...
October 04, 2021
The chain of data protection – keeping the most sensitive information out of the hands of hackers and other bad actors – is only as strong as its weakest link. In the age of open banking, where data access can be broad indeed – where consumers grant permission, and traditional financial institutions (FIs) give access […]
January 12, 2021
Historically, corporate travel and expense (T&E) management has been viewed as an entirely separate function from other B2B payment workflows. With employees seeking to use company cash in the same...
November 11, 2020
Domestic B2B payments are complicated enough, but making these payments across international borders is a whole other challenge. Companies that rely on cross-border B2B payments may not have to deal...
August 06, 2018
Ironically, as the global economy has gotten stronger, payment cycles between buyers and suppliers have gotten longer. What was once an average of about 45 days from invoice to payment has increased...
November 01, 2024
Barclays UK has completed its previously announced acquisition of the retail banking business of Tesco Personal Finance (Tesco Bank). Together with the completion of the acquisition, Barclays UK has entered into a 10-year exclusive strategic partnership with Tesco Stores Limited to market and distribute credit cards, unsecured personal loans and deposits using the Tesco brand […]
October 14, 2024
Barclays US Consumer Bank will become the exclusive issuer of General Motors’ GM Rewards Mastercard and GM Business Mastercard in the United States in the summer of 2025 and will...
October 01, 2024
British banking giant Barclays will pay $4 million to settle a U.S. regulatory case. The Commodity Futures Trading Commission (CFTC) announced Tuesday (Oct. 1) that it had settled charges against the bank for violations...
September 20, 2024
American Airlines is reportedly considering consolidating its business with a single credit card partner, potentially by making Citigroup its exclusive partner and dropping Barclays. The airline’s talks with banks and...
