July 02, 2020
Corporate Debt Rises As China Tries To Heal From Pandemic

Chinese policymakers have been trying to multi-task between fighting pandemic-related economic damage and fueling a new debt bubble from recent spending, according to Bloomberg. Get the Full Story Complete the...

July 02, 2020
Germany’s Financial Regulator Calls Wirecard Scandal ‘Criminal’

The president of the Federal Financial Supervisory Authority (BaFin), Germany’s financial regulator, said the $2.1 billion accounting scandal at the center of Wirecard AG’s insolvency was a “massive criminal act,” Reuters reported....

July 02, 2020
How The Pandemic Makes 90-Day Customer Histories A Fraud-Fighting Weakness

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July 01, 2020
BaFin Head Says Regulator Had Limited Ability To Regulate Wirecard

The president of Germany’s financial watchdog agency defended its actions in the Wirecard AG case where $1.2 billion in deposits went missing. Get the Full Story Complete the form to...

July 01, 2020
EU Awaits Launch Of Payments Network Challenger This Week

A group of big European banks is planning to challenge Visa’s and Mastercard’s positions as the world’s two largest payment processing networks, Electronic Payments International reported.  Get the Full Story...

July 01, 2020
OCC: Banks Face Higher Compliance Risks Due To Pandemic

The pandemic has heightened risks for pretty much everyone, including U.S. banks. The Office of the Comptroller of the Currency (OCC) said in a report this week that it will examine how...

June 30, 2020
Chime Launches Credit Card That Taps Into Bank Account Funds

Credit Builder, a U.S. challenger bank, has debuted a new credit card that works like a debit card by letting customers spend only what’s in an account, TechCrunch reported. Get...

June 30, 2020
Former Wirecard Execs Face Criminal Charges In Austria

The Wirecard AG accounting scandal has extended its reach to Austria. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

June 30, 2020
FIs: Embracing The Cloud Involves More Than Business Continuity ‘Lip...

Financial institutions (FIs) are on the cusp of change, as the great digital shift is forcing them to bring new products and services to market with speed and agility. Get...