Nevada Tightens Rules Around BNPL
As buy now, pay later services grow in popularity, more states are updating their laws to address this emerging financial offering. A new law taking effect this month in Nevada makes it easier for BNPL firms to operate locally, while also giving regulators stronger oversight of these loans. Passed by lawmakers and signed by the […]
Visa and Mastercard Resolve Longstanding Dispute with Merchants
After nearly a decade, Visa and Mastercard have agreed to pay merchants $199.5 million to settle a class-action lawsuit over chargebacks. Merchants filed suit after the companies changed the rules around chargebacks, which occur when payments are reversed following customer disputes. Retailers alleged that Visa and Mastercard violated antitrust laws by coordinating to alter the […]
Banking, Reimagined: The Role of ITMs
As more people choose to bank online, the role of the traditional branch has undergone a transformation. Once the go-to place for every financial need, the branch is now primarily a hub for more complex transactions that can’t be completed digitally or at an ATM. At the center of this evolution is the interactive teller […]