Search Results for: Visa
American Express sued for Billions in penalties
November 23rd, 2015
San Francisco sues American Express for billions in penalties, restitution for merchants San Francisco City Attorney Dennis Herrera is suing American Express Company (NYSE: AXP) in a statewide consumer protection action over anti-competitive and illegal merchant restraints alleged to ...
Worldpay tests pay with your finger technology
November 11th, 2015
Using technology from UK-based biometric startup Sthaler, hundreds of Worldpay employees are trying out a new way to pay – with a scan of their finger. Worldpay staff taking part in the three-week proof-of-concept have registered their finger vein ...
BaFin and the SEC: An international comparison of supervisory practice
November 3rd, 2015
The Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) is often compared to the U.S. Securities and Exchange Commission (SEC) in the media and by the public. The SEC is frequently perceived as the more powerful authority, in ...
Mario Draghi Interview: We must propose a way forward to Europeans
November 2nd, 2015
Interview with Il Sole 24 Ore Interview with Mario Draghi, President of the ECB, conducted by Alessandro Merli and Roberto Napoletano, published on 31 October 2015 President Draghi, in Malta last week, you stressed the downside risks for both ...
How Payment Giants Are Embracing Bitcoin and Blockchain Tech
October 30th, 2015
MasterCard‘s participation in Digital Currency Group’s undisclosed funding round sent ripples of excitement across the crypto-sphere earlier this week. While this is MasterCard’s first crypto-related investment, the multinational corporation is not the first mainstream finance company to dip its toe in ...
Xi Jinping to sign Hinkley Point nuclear power deal in UK
October 21st, 2015
China‘s leader is expected to put the seal later on its contribution to what will be the first UK nuclear power plant to be built in a generation. The plant could be opened by 2025 at Hinkley Point, in ...
The Common Reporting Standard: Automatic Information Exchange Goes Global
October 16th, 2015
Automatic exchange of information for tax law enforcement purposes started first in Europe with the EU Savings Tax Directive, went international with the US Foreign Accounts Tax Compliance Act, and, from 2017, will go global with the recently-agreed Common ...
IMF: Uncertainty, Complex Forces Weigh on Global Growth
October 7th, 2015
Global growth moderate and uneven, forecast at 3.1 percent this year, 3.6 percent in 2016 Disparate fortunes between the advanced and emerging market and developing economies Lower commodity prices weigh on commodity exporters The IMF’s latest World Economic Outlook (WEO) foresees ...
Samsung Pay launches in the United States
September 29th, 2015
Only a few banks are available, and Verizon is still holding out Samsung Pay, the company’s answer to Apple Pay, has officially launched today in the United States after a month-long beta program. In theory, Samsung Pay should be an ...
VC Head Believes Israel will Lead Blockchain App Industry
September 25th, 2015
The managing director of Santander Group’s venture capital firm believes that Israel will become a reference market for blockchain applications. Mariano Belinky, who has recently invested in an Israel-based payment application, expressed his faith in the technologically advanced nation, ...
