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The US Retailers won a major victory with the class action settlement of $ 7.2 Billion against Visa, MasterCard and seven other card issuers. While this victory may sound like a bonanza for retailers ...
The BIS released came out with a list of 'systemically important' banks.http://www.bis.org/publ/bcbs207.htm So, we now officially acknowledge that whatever happens, even if some countries go down, th...
Was it just a coincidence or some kind of a 'karmic connection'? A giant 200 feet sinkhole appeared in Guatemala City last month. A few days later the Regulation II of the Dodd-Frank Amendment, slashi...
I do salute the stoic resilence of the Japanese people in the face of disaster. But I think the award for the most responsive and 'quick to market' mob goes to the internet scamsters! Within an hour o...
Last week, I came across an interesting headline - "Visa Opens World’s Leading Payments Network to Independent Developers Visa Inc. today announced a significant enhancement to the Authorize.Net ...
Governments across the world provide subsidies for various activities. Most countries provide farm subsidies; education, health and even fuel is subsidised through government largesse. Now, to promote...
This weird 'fatwa' by Somali Islamists seems to reiterate the fact that only paper money (cash) is the God they recognize! I found this quite intriguing. I have heard and even empathized with numerous...
I see them all around the world - the 'boomer babies' - professionals and fat cats who came into existence in boom times. You could spot them everywhere - seminars, conferences, networking and any exp...
Further to my earlier post on Internet based payment applications, it looks like 2010 is going to be the year of alternate payments. We can see the high level of interest in the subject. Jack Dorsey -...
The latest Pricewaterhouse Coopers Global Economic crime survey released last week confirms our worst fears. The stinging economic recession has taken economic crime to the 'classes'. Middle and upper...
We are now at the cliched inflection point on payment innovation. In recent months, many of the goliaths of the online world are offering their own payment channels - Amazon, GooglePay, PayPal - that ...
There are so many watch lists maintained across the world. The FATF maintains one, FINCEN, and so does Interpol. Reportedly the FBI keeps getting 1600 new 'suggestions' everyday for its list! See here...