The case alleges Visa, Mastercard and issuing banks kept swipe fees high and limited merchants’ ability to steer customers to cheaper payments. / Credit: Sunti via Shutterstock A US federal court has given preliminary approval to a multibillion-dollar settlement in ...

The privacy watchdog has ordered American Express to rectify security flaws in five of its data systems to guard against “insider threats” and to restrict employee access to specific customer information to protect vulnerable and high-profile customers. Privacy Commissioner Carly ...

“We want to be the intentional multipliers which can deliver the predictable, purposeful and scalable solutions to our stakeholders.” That is the message Krishna Nacha is delivering to his employees as he steps into the role of chief executive officer ...

Financial institutions once competed on branch networks, interest rates and, later, mobile apps. Increasingly, however, the next competitive frontier may not be a physical or digital destination at all. It may be the conversation itself. New findings in the April ...

What changes with the Visa and Mastercard agreement? How does this agreement affect consumers? A federal judge in Brooklyn granted preliminary approval to the $38 billion agreement between Visa, Mastercard and more than 12 million merchants that accused the networks ...

As financial services moves from AI experimentation to AI at scale, the critical question is no longer whether the technology works – it is whether institutions have the trusted, high-quality data, governance and decisioning capabilities needed to make AI reliable ...

The New York Department of Financial Services (NYDFS) has fined Santander Bank $400,000 for issuing misleading loan disclosures, marking another signal from regulators that transparency in consumer lending remains a top enforcement priority. According to NYDFS, the bank failed to ...

© jetcityimage / iStock Editorial via Getty Images Shares of CarMax (NYSE:KMX | KMX Price Prediction) stock are down 7% midday Wednesday near $48.30 after the used-car retailer reported fiscal Q1 2027 results before the open. The headline numbers cleared ...

WASHINGTON (AP) — The U.S. government can continue collecting the 10% worldwide tariff it imposed in February while legal challenges to the levies continue to work their way through the courts, a federal court ruled Thursday. The Court of Appeals ...