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Former Aeropostale VP Gets Jail Time For Business Fraud
Former Aeropostale VP Gets Jail Time For Business Fraud
August 22, 2014  |  B2B Payments

Former Aeropostale executive vice president and chief marketing officer Christopher Finazzo wassentenced on Wednesday (Aug. 20) to eight years in prison for his role in...

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Japanese Auto Parts Makers Face $202M Antitrust Fines
Japanese Auto Parts Makers Face $202M Antitrust Fines
August 22, 2014  |  International

China’s National Development and Reform Commission (NDRC)stated on Wednesday (Aug. 20) that 12 Japanese auto parts makers have been fined 1.24 billion yuan ($202 million)...

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Payment Firm Partners With Lender To Power SME Financing
Payment Firm Partners With Lender To Power SME Financing
August 22, 2014  |  Alternative Finances

Global payment provider Worldpay and lending firm OnDeckannounced on Wednesday (Aug. 20) that they partnered together to small and mid-sized firms get access to financing....

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Standard Chartered Hit With $300M Fine Over Failed Money-Laundering Controls
Standard Chartered Hit With $300M Fine Over Failed Money-Laundering Controls
August 22, 2014  |  News

Standard Chartered Bank will stop processing payments in dollars from 300 Hong Kong clients at its New York branch, after the bank failed to flag...

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ECB Eyes New Payments’ Oversight Regulations
ECB Eyes New Payments’ Oversight Regulations
August 22, 2014  |  Europe

The European Central Bank has identified four key payment systems under new regulations that took effect this month, making the payment systems subject to tighter...

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Chase Rewards Ditches Paper For Credits
Chase Rewards Ditches Paper For Credits
August 22, 2014  |  Loyalty & Rewards

JPMorgan Chase is eliminating cash-back checks from its rewards program for Chase Sapphire, Chase Freedom and Ink credit card customers, according to American Banker. Chase...

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MasterCard, Visa Split Out From Target Databreach Lawsuit
MasterCard, Visa Split Out From Target Databreach Lawsuit
August 22, 2014  |  News

Visa and MasterCard will face class-action lawsuits over the questionable security of their payment cards in the wake of the massive 2013 Target payment-card breach,...

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Is This How Amazon Will Enter China?
Is This How Amazon Will Enter China?
August 22, 2014  |  International

Amazon is boosting its presence in China by setting up shop in Shanghai’s free trade zone, a move that lets the online retail giant take...

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New ATM Skimming Tactic: Razor-Thin Cards
New ATM Skimming Tactic: Razor-Thin Cards
August 22, 2014  |  News

ATM skimmers are not losing their popularity among the ATM cyberthief set, but a new twist has emerged. The problem with many of today’s skimming...

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