In yet another case of crackdown on payday lenders, the Federal Trade Commission (FTC) has won against AMG services for deceiving consumers by imposing hidden charges and inflated fees on loan amounts. The ruling came after US District Judge Gloria M. Navarro found many cases...
It seems everyone lately is looking to bring bitcoins into the legally controlled mainstream, and now the SEC is getting in on the act. Yesterday, the Securities and Exchange Commission announced charges against bitcoin marketing site FeedZeBirds and the operator of bitcoin betting site SatoshiDice...
Today, Big Data is all the rage, as retailers, banks and others in the payments and commerce ecosystems want to know more about their customers so they may support targeted promotions offering products and services most appropriate for them. Technology also is coming more into...
The neverending battle between merchants and banks and the Federal Reserve over debit-card fees is set to enter its next chapter as the retailers take their case to the Supreme Court. The merchants argue that the Fed allows debit-card fees, which are assessed every time...
Russian President Vladimir Putin reportedly has signed amendments to a recently enacted law that make it easier for MasterCard and Visa to remain operating in that country. Specific details, remain sketchy, and there may be a $3 billion string attached to the deal.
It’s been half a decade since Congress stepped in to thwart banks’ efforts to promote high-cost credit cards and loans on college campuses. Lawmakers are back at it again, this time targeting conflicts of interest and kickbacks between financial institutions and schools related to debit...
The US celebrated Memorial Day this past week, but it might as well have been the 4th of July. Fireworks exploded in the bitcoin community over David Evans’ piece on Overstock’s acceptance of bitcoin, including from Patrick Byrnes himself. Then there were those pesky bots.
Lawmakers in Taipei are questioning a two-way authorization policy for customers making small transactions on mobile. The policy, which was initially enforced to protect the customers, has proven to be ineffective with an 83 percent rise in scams since last year resulting in losses topping...
ControlScan announced on May 29 that it had redesigned its PCI Compliance Guide website. The payment security and compliance solution provider said in a company statement that the website is meant to keep merchant service providers (MSPs) and small to mid-sized businesses (SMBs) current on changes...
