American Express' Travel Venture Faces Slow Regulatory Process
American Express' joint travel venture may get delayed as it awaits regulatory approval, CFO Jeff Campbell told investors Jan 16.
Image: Bloomberg News
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Image: Bloomberg News
Facebook is reportedly close to obtaining a license to operate as an electronic money institution in Ireland, a move that builds on the company's years of experience handling payments on its home turf. more »
Deana Rich
Stepped-up scrutiny of Internet payday lenders, online pharmacies and other merchants that regulators and law enforcement view warily is forcing the payments industry to adapt. more »
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Last year, IdentityMind Global's banking partners began asking the anti-fraud and risk management provider to build an anti-money laundering system for the Bitcoin startups among the bank's clients. IdentityMind Global has now completed development on this AML technology. more »
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Bitcoin ATM providers and virtual currency exchanges may be subject to Texas licensing requirements, according to regulatory guidelines issued by the Texas Banking Commissioner on April 3. more »
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The recent IRS ruling on how Bitcoin and other virtual currencies are taxed brings the U.S. in line with regulations in Canada, Australia, Finland, Norway and Sweden. more »
A road map for regulation of virtual currency is beginning to emerge as more states appear willing to issue licenses for entities offering exchange and other services. more »
Image: Bloomberg News
MasterCard Inc. is planning its first bond sale on record with a $1.5 billion issue. more »
Image: Bloomberg News
The U.S. government will treat Bitcoin as property for tax purposes, applying rules it uses to govern stocks and barter transactions, the Internal Revenue Service said in its first substantive ruling on the issue. more »
Image: Bloomberg News
Kenneth Chenault
American Express Co. paid Chief Executive Officer Kenneth Chenault $24.4 million for 2013, an 11 percent increase over the previous year. more »
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A federal appeals court panel ruled today that the existing restrictions on debit card swipe fees should largely stand, turning back a challenge by retailers who argued that banks are still earning too much money from the fees. more »
Activist investor Carl Icahn, who has been calling for eBay to spin off PayPal, is now asking for eBay to conduct a partial initial public offering of the payments processor. more »
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QR codes, which are commonly used in mobile wallets to link to a consumer's payment account, can just as easily link to phishing sites, malware and other nasty surprises. more »
Image: Bloomberg News
David Nelms
Discover Financial Services awarded Chief Executive Officer David Nelms a 2013 cash bonus that was 38 percent less than the previous year. more »

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