New York State Launches New Suit Against Zelle
Zelle faces a new lawsuit over allegations that it lacked critical safety features, enabling criminals to steal more than $1 billion from consumers. The suit builds on an earlier complaint from the U.S. Consumer Financial Protection Bureau, which was dropped in March. Although Zelle has since implemented protective measures, the lawsuit seeks to compel the […]
Google Requires Licensing for Crypto Wallet Providers
After generating some controversy with its initial announcement, Google has clarified its rules regarding crypto wallets in its app store. Google Play will require crypto wallet companies in many regions, including the United States and the European Union, to be licensed with their domestic regulators and comply with industry standards. U.S. wallet providers would need […]
The Greatest Payments Mistakes, and How to Solve Them
Wirecard was once the darling of the German stock market and a leading global payments player—until it went bankrupt due to mismanagement and fraud. The collapse left many major organizations unable to accept payments, having become too reliant on Wirecard as their sole payment service provider (PSP). While this may be an extreme case, overreliance […]