February 05, 2024
SS&C Disputes Data Misuse Damages and Asks $889 Million From...

Canadian FinTech SS&C is reportedly accusing banking giant BNY Mellon of data misuse. The long-standing legal dispute is returning to court, Bloomberg News reported Monday (Feb 5), with SS&C — which provides operations services for...

February 05, 2024
EU’s AI Act: Premature or Prescient?

Is it possible to achieve a perfect balance between regulation and innovation over disruptive technologies? The European Union’s (EU) 27 member states appear to think so. The bloc unanimously endorsed...

February 05, 2024
70% of Consumers Opt for Instant Merchant Refunds If Given...

For most American consumers, disbursements — which include earnings and income payments, Social Security payments, tax refunds, insurance claim payouts and loan disbursements — remain an essential aspect of daily...

February 04, 2024
Iran Reportedly Used UK Banking Giants to Avoid Sanctions

Iran reportedly used two of Great Britain’s largest banks to get around sanctions. Santander UK and Lloyds provided accounts to front companies owned by sanctioned Iranian petrochemical companies, the Financial Times reported Sunday (Feb....

February 04, 2024
Ripple Prepares to Expand Payments Business in US

Ripple says it’s planning to expand its payments business in the U.S. Right now, 90% of the blockchain company’s business is based outside the U.S., Ripple senior director and head...

February 02, 2024
Banks and CFOs Need Data-Sharing Plans to Fight Fraud

The fraudsters are wily, determined, acting in packs and probing for weaknesses. The best defense might be a collaborative approach — one where CFOs and their financial providers (banks and...

February 02, 2024
Report: Identity Theft Indictments Include Conspirators in $400 Million FTX...

Three individuals have been indicted for their involvement in an identity theft conspiracy, which reportedly included a $400 million hack of cryptocurrency exchange FTX. The hack took place in November...

February 02, 2024
Half of Merchants Offering Installment Plans See Increased Chargebacks as...

Split-payment plans, or installment plans as they are more popularly called, have gained momentum in the consumer commerce space in recent years. These plans — not only general-purpose card plans...

February 02, 2024
Visa: Innovation Boosts Authorization Rates as Merchants Improve the Customer...

“There’s a lot going on for merchants today, and they have a lot to juggle,” Saurabh Chopra, head of product, U.S. debit, prepaid and real-time payments at Visa, told PYMNTS....