Chipotle Learns the Cost of California’s Gift Card Law
Chipotle is the latest retailer to learn that circumventing California’s gift card cash-out laws can cost far more than the value of the cards. The fast-casual restaurant giant was hit with a $246,000 fine over allegations that it failed to allow customers to redeem the unused portion of their gift cards in cash, as required […]
Klarna Launches Premium Memberships, No Credit Card Needed
As credit card companies expand their premium offerings, Klarna is introducing membership tiers that provide perks for a price. The company’s two tiers—Premium and Max—are launching first in Europe, with a U.S. rollout planned in the coming weeks. Subscribers will be able to redeem cash back rewards directly with Klarna’s travel and airline partners and […]
The Big-Picture Approach to Fighting Bank Fraud
Fraud has long been a constant in the financial services industry—for the same reason the notorious bank robber Willie Sutton targeted it: “That’s where the money is.” Yet many financial institutions remain reluctant to invest in the kinds of solutions that can truly counter these threats. As technology continues to evolve—both for banks and for […]