article thumbnail

Tencent revenue growth hits its slowest pace since 2004 IPO

Payments Source

reported the slowest pace of sales growth since it went public in 2004, as China’s largest company struggles to revive a battered gaming division while battling the country’s decelerating economy. Tencent Holdings Ltd.

Report 63
article thumbnail

PayPal Launches Cashback Credit Card

Bank Innovation

The card will be issued by Stamford-based Synchrony Bank, which has partnered with PayPal since 2004. exclusively for PayPal members in a effort to increase usage in online and physical stores. The card offers 2% cash back on all purchases, with […].

Cards 313
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

NYC Taxi Commission Accused Of $810 Million Fraud

PYMNTS

James is alleging that the TLC had a hand in inflating the price of thousands of medallions over a 14-year period, 2004 to 2017, sometimes by more than 200 percent. The price of an individual taxi medallion sold at an auction skyrocketed 240 percent from 2004 to 2014, from $283,300 to $965,000.

Fraud 223
article thumbnail

PayPal Sells Consumer Loans to Long-Time Partner Synchrony Financial

Bank Innovation

Synchrony Bank has been PayPal’s banking partner since 2004. Yesterday, the San Jose, Calif-based PayPal said it agreed to sell $5.8 billion in consumer credit receivables to Stamford, Conn-based Synchrony Bank, a unit of Synchrony Financial. In addition to selling its credit […].

San Jose 199
article thumbnail

How do FIs migrate to ISO 20022, hit deadlines and create opportunities?

Bobsguide

In 2004 it was decided that the previous format of SWIFT’s message type (MT) wasn’t going to be ‘fit for purpose’ for the evolving demands of ambitious payments innovation, and so a new standard was needed. When MT was first created, payment messages didn’t have to.

article thumbnail

Does GDPR have a silver lining for PCI compliance?

Payments Source

Since the Payment Card Industry Data Security Standard was introduced in 2004, many merchants found compliance to be too arduous or costly and just skipped it, risking fines. But increasingly, other regulations like GDPR are changing the PCI DSS compliance equation.

article thumbnail

U.K.'s Refinitiv to buy Texan anti-fraud firm Giact

Payments Source

Refinitiv, a global risk intelligence firm, has agreed to buy Giact, a company founded by a brother-and-sister team in Allen, Texas in 2004 to enhance payment fraud protection and identity verification for banks and corporations.

Fraud 118