Wal-Mart Stores Inc. reached an agreement to continue accepting Visa Inc. credit cards in Canada, ending the retailer’s threat to bar the world’s largest payments network from its 409 stores in the country.
Since the Dodd-Frank Act was passed in 2010, bank industry representatives have confidently predicted that the next year would bring significant changes, only to see their hopes dashed amid partisan divisions over proposed fixes. Until now.
The University of Illinois is getting an education in how complex tuition payment processing can be, especially when the students enrolled from outside of the U.S. It also serves as an example of the clients that are in big demand for cross-border payment companies seeking larger volumes.
The government of President Michel Temer has signaled that it wants to tackle the staggeringly large spread between Brazil’s benchmark Selic rate - currently 13.75 percent - and the average annual interest on credit cards, which is somewhere north of 450 percent.
As global e-commerce proliferates, payment platforms are stepping up to cater to U.S. merchants eager to sell their wares in emerging markets. But there can be as many risks as there are opportunities when entering a new market.