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America’s consumer watchdog has cancelled a $95 million fine against the country’s largest credit union.
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The Consumer Financial Protection Bureau (CFPB) levied that penalty against Navy Federal Credit Union last year, alleging the lender had charged its members illegal overdraft fees.
But on Tuesday (July 1), the CFPB issued an order terminating that decision, without...
Consumers in Australia are increasingly mobile-first, frequently reaching for their phones as part of their shopping experience. This goes beyond just making online purchases. The average Australian shopper uses their mobile devices to browse or buy nearly every day.
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PYMNTS Intelligence’s latest research finds that Australia is slightly behind the global curve in mobile...
Watch more: Automation Is Reshaping How Retailers Handle Cash
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The enduring significance of physical currency remains a reality, particularly for a substantial segment of the population.
Roughly 20% of America remains underbanked or unbanked, underscoring cash’s continued role across the U.S. and globally.
But as Robert Norman, senior vice president, head of cash...
The wheels of commerce in the trucking and transportation industry are increasingly turning on the speed of payments, a shift driven by operational needs and drivers themselves.
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The “Money Mobility Tracker” for June/July, produced in collaboration with Ingo Payments, revealed an acceleration in the adoption of instant payments within the trucking and transportation...
Watch more: TCH, Comerica Unlock More RTP Network Use Cases Under New Rules
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The Clearing House (TCH) debuted the RTP® network seven years ago and broadened its capabilities this year to accommodate a wider array of real-time payment scenarios.
A development in this expansion is the introduction of revised rules for “on behalf of” (OBO) payments. OBO payments, simply put...
As companies expand their global contingent workforce, efficient cross-border payments become essential, Papaya Global Chief Product Officer Amit Levi writes in in a new PYMNTS eBook, “Halftime 2025: Charting the Future of Payments.”
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Today, contingent workers comprise 40% of the global workforce. Getting them paid accurately and on time is one of the main challenges...
If businesses can weather storms, they can win wars. These days, weathering the unknown is what it takes to survive.
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Rising geopolitical tensions, fluctuating trade policies, and inflationary pressures have upended the predictable operating environment many mid-sized firms once relied on. These companies, often considered the backbone of national economies, are now...
Looking for a travel-related business that’s actually booming during the year of COVID-19? It’s out on the water, in rented boats of every shape and size from kayaks to luxury yachts.
“We had our drop-off in April, and then come May we saw a very quick rebound, Bryan Petro, chief operating officer of boat rental and charter marketplace GetMyBoat, told PYMNTS. “From April [to August], we are...
In China, crypto over-the-counter (OTC) traders are being arrested in an attempt to crack down on illegal transactions, according to a report from CoinDesk.
Prominent OTC trader Zhao Dong, of crypto lending platform RenrenBit, was held up by police in the city of Hangzhou, the report says. Zhao has a prominent status among the community, and rumors online began to circulate. One poster relayed...
Two innovators approached a well-heeled investor asking for money. Their sales pitch was very convincing. They told this investor that their innovation was so incredibly cutting-edge that only the hopelessly uninformed would fail to recognize its value. The innovators said that they had picked him because he was smart and forward-thinking enough to see the potential. The investor, who prided...