Citi is dipping into the mobile wallet game. Citibank unveiled Citi Pay, the newest mobile wallet for Android platform users. Similar to Android Pay — and, of course, Apple Pay, PayPal, Samsung Pay and, more so, JPMorgan’s Chase Pay — Citi shoppers can use the new credit...
The Federal Trade Commission said on Thursday (Nov. 10) that NetSpend Corp. has been misleading to consumers of its prepaid cards, with promises that they would have immediate access to funds, with “no holds and no waiting.” But yet, the FTC alleges in a complaint...
Now that the simple surprise factor has worn off and Americans and global markets have started getting their heads around the idea of President Donald J. Trump, the inevitable question coming is “now what?” Everyone understands that Trump won, of course — but the pressing question...
Google may no longer be able to give away smartphone software for free if it is ordered by regulators in the European Union to alter its distribution deals with handset manufacturers and the carriers. In a blog post Thursday (Nov. 10), Google’s general counsel, Kent...
In a town hall meting last night, Wells Fargo’s new CEO Timothy Sloan admitted the bank had found “some instances” where reports by employees of bad behavior to its ethics line weren’t handled correctly. That explanation comes in response to accusations that Wells Fargo employees faced...
We don’t have to wait for the future. It’s already here. This year broke records for robots in manufacturing. An astounding 14,583 robots were ordered by North American companies during the first half of 2016. In total, there are 265,000 robots in use in factories...
With a global initiative, ACI Worldwide and VocaLink are bringing immediate, end-to-end payments to financial institutions. WA Proctor, vice president and product line manager of UP Immediate Payments for ACI, delves into how this partnership speeds the adoption of faster payments.
The latest report from Close Brothers could be bad news for banks looking to stay competitive in the SME finance space. The firm released new data this week that found 80 percent of SMEs in the U.K. say they are not always adequately serviced with...
When it comes to mitigating supplier risk, even the largest corporations are sometimes flying blind. “You never know what you don’t know,” as Paul Blake, senior manager of technology product marketing at procurement software firm GEP, put it. Sure, a corporation with complex international supply...
