The French bank said a “global settlement” was likely in the fall over inquiries into whether it processed payments for countries and individuals facing American sanctions.
By Ellen Brown, Web of Debt In the modern global banking system, all banks need a credit line with the central bank in order to be part of the payments system. Choking off that credit line was a form of blackmail the Greek government couldn’t refuse.
Considering the size of the Indian mobile market, it is accelerating in the growth of online banking, and thus also digital payments. To cash in on this growth, Mastercard and Citibank India have come together to offer Indians a digital wallet that enables the bank’s customer to undertake ecommerce transactions with fewer steps. Show More Summary
Visa Inc. has announced a strategic investment in Stripe as part of a new partnership with Stripe to support new technologies and online payment experiences for merchants, developers and consumers worldwide. As part of this relationship,...Show More Summary
Former Greek finance minister Yanis Varoufakis had planned to "hack" his own government's software and install a parallel system of payments as the first step to a Grexit (Greek exit from the euro). The transcripts were first published...Show More Summary
A recent study noted that almost half of the world's credit card fraud takes place in the U.S., although we only account for a quarter of the global credit card volume. Many experts attribute this disparity to the fact that the U.S. has lagged behind the rest of the world in adopting EMV chip enabled credit cards. Show More Summary
Samsung has launched a trial of its new mobile payments platform in Korea. The Samsung Pay month-long trial is in preparation for a global roll out to more regions. The company announced on the Samsung official blog that owners of the Galaxy S6 and Galaxy S6 edge are the first to be able to use Samsung Pay.
In an effort to establish itself as a partner of choice for developers, the Open API Team at global payments company MasterCard has issued a Developer Declaration. In it, MasterCard makes a number of commitments in three key areas: developers, technology and ecosystem.
Mobile payments and money transfer, both internationally and domestically, are a huge business, and there's a lot of money in the market – the global remittance market is estimated to reach $636 billion in 2017, according to the World Bank. Show More Summary
GUEST: Here are the core findings from the Mobile Ecosystem Forum's third annual Global Mobile Money report, which studied 15,000 mobile users across 15 countries.
The European Union has filed antitrust charges against MasterCard. The EU believes that MasterCard is artificially increasing the cost of credit card payments. If successful, MasterCard could be forced to pay 10% of its global revenue in fines. More importantly, MasterCard may have to change the way it sets fees [...]
Investment in financial services technology is at an all time high. A recent report by Accenture stated that global investment in financial technology ventures tripled between 2013 to 2014, reaching $12.21 billion. The growth of mobile and cloud computing provides the opportunity to disrupt the existing financial industry. Today, a majority of [...]
Last week I announced a giveaway where you could win a $100 Global Entry application fee payment code. All you had to do was leave a comment stating which domestic mainline carrier you prefer. And over 330 of you did, which is really awesome. Show More Summary
One of the elite status perks that United used to award to Platinum and 1K members was a payment code that covered the $100 application fee for Global Entry (which in turn gives you TSA Pre-Check). However, this perk was lost in this year’s round of elite perk cuts, and the last day to request a Global Entry payment code was January 31, 2015. Show More Summary
Global Entry is a trusted-traveler program that allows you to breeze through immigration and customs when entering the United States. I previously wrote about my family's experience in "Global Entry With Kids: What You Need To Know." For us, it has been a real game changer. Obtaining Global Entry is a multi-step process. Show More Summary
Greece defaulted on a debt payment to the IMF last night at midnight. Regardless of anything else, we have now seen a developed country “go over the cliff” in terms of negotiating debt payments. This will have global implications for other indebted countries in terms of negotiating tactics going forward. Show More Summary
Categories: Learning / Research, Trade Financing Tags: General News The global powers don’t agree on a whole lot but they do agree on one thing: there are substantial benefits to accelerating cash in the supply chain. The US government,...Show More Summary
Federal Reserve Bank of New York President William Dudley highlighted the importance of consistent international standards to the safety and soundness of the global payment and market infrastructure system.
The potential exit of Greece from the Eurozone could be beneficial for the price of the digital currency Bitcoin, Tony Gallippi, a co-founder and senior executive at the global Bitcoin payment service BitPay said.