Search Results for: Credit card
Investigators turn attention to second forex fraud
January 25th, 2017
As the man behind a Dh50 million foreign exchange scheme that promised to double investors’ money is arrested for a second time, investigators are now turning their attention to a second forex fraud believed to have snared thousands of ...
Future of payments: 4 trends to know in payment processing
January 23rd, 2017
The payments industry has been evolving rapidly, especially in the last few years with the growing shift to digital. The global payments ecosystem is constantly changing as new startups try to change the way we move money around the ...
China going cashless thanks to fintech boom
December 30th, 2016
Standing in line at a Starbucks in downtown Shenzhen, I suddenly realize that no one in front of me is paying with cash. They aren’t paying by credit card either. In fact, I can’t see a single customer holding a wallet or a ...
PayPal Files Copyright Suit Against India’s Digital Payment Provider Paytm
December 25th, 2016
In what many are calling a tactical move to stymie a competitor, PayPal has pushed forward on a copyright suit against Paytm, a leading digital payment service in India. Back in November, US-based ewallet service PayPal lodged the complaint ...
PayPal Partners with Citi and FIS to Drive Incremental Spend
December 16th, 2016
Partnership has become a core part of PayPal’s strategy, allowing us to provide a new level of financial choice and flexibility to our customers. Over the last few months, we have partnered with Visa and MasterCard to offer greater ...
EU shoppers still face ‘unjustified’ discrimination
December 15th, 2016
A new EU report out today finds that shoppers still face unjustified discrimination due to nationality and place of residence. The report looked at the implementation of EU consumer law and finds that business practices such as geo-blocking are ...
Financial adviser pleads guilty to theft of more than $1.6 million
December 12th, 2016
Admits to stealing money from a family’s trusts that he was managing and using it for personal expenses A former financial adviser has pleaded guilty to stealing more than $1.6 million from the beneficiaries of three trusts that he ...
Apple Wins Battle With Australia Banks Over Mobile Payments
November 29th, 2016
Apple Inc. won the first round of a battle with Australia’s largest banks, which have been trying to force the tech company to offer them access to its Apple Pay technology that allows smartphones and tablets to communicate with ...
The economic consequences of Mr Modi
November 26th, 2016
Two weeks ago, India’s Prime Minister Narendra Modi demonetised an estimated 86% of rupees in circulation, offering conversion into a bank account or into smaller currency notes until 31 December, after which these notes will have no redemption value. ...
Donald Trump settles fraud lawsuits for $25m
November 21st, 2016
Donald Trump settles fraud lawsuits relating to Trump University for $25m President-elect’s lawyers settled three lawsuits, averting a courtroom showdown which threatened to reveal troubling details about the real estate course Donald Trump has settled fraud lawsuits relating to ...
