The U.S. Attorney in Los Angeles, Martin Estrada, made the announcement on Thursday.
Razorpay has launched its own Unified Payments Interface (UPI) infrastructure in partnership with Airtel Payments Bank. The new infrastructure, UPI Switch, boost success rates by 4% to 5%; handles up to 10,000 transactions per second at any given time; and enables five times faster access to UPI innovations for business, Razorpay said in a Wednesday (April 24) press release. “This […]
The looming specter of wire fraud has spurred lawmakers to press big banks for better defenses against bad actors — and a detailing of the impact the scams have had on consumers. On Thursday (April 18), in a letter to the CEOs of JPMorgan Chase, Bank of America, Wells Fargo and Citi, Sens. Sherrod Brown, D-Ohio, Chairman of the Senate Committee on Banking, Housing, and […]
BILLERICA — It probably seemed too good to be true for this 75-year-old woman. And it turns out it was.
2:22 PM PT -- Ippei Mizuhara showed up to his court appearance with shackles around his ankles although the chains were ultimately removed as the hearing got underway. During the proceedings, Mizuhara -- wearing a dark-colored suit -- learned…
The financial crisis of 2008 showed just how much the world depends on banks being well run. Since then, regulators have been given new powers to keep some of the biggest institutions on a much shorter leash to stamp out risk, greed and corruption.
According to RazorPay, UPI Switch is able to solve a lot of the currently faced by currently existing UPI infrastructure, as well as added capacity such as being able to handle 10,000 transactions per second, and resolving disputes within 24 hours as opposed to the industry standard of 7 days.
Car traders and other professional dealers will no longer be able to accept cash payments of more than €3,000 from 2026, if finance minister Steven van Weyenberg and justice minister Dilan Yesilgöz have their way. The ministers plan to press ahead with legislation to outlaw large cash payments even though parliament declared the issue to be “controversial” and so out of bounds to the caretaker cabinet. However, if the measure, designed to cut down on money laundering, is not implemented
BofA is among the large lenders, including rival JPMorgan, that are weighing the potential for the U.S. Federal Reserve to cut interest rates this year. The move could crimp banks' income from interest payments, but could potentially spur economy activity and borrower demand. BofA's net interest income (NII) -- the difference between what it earns on loans and pays for deposits -- slid 3% to $14 billion in the quarter due to higher deposit costs and modest loan growth.
BURLINGTON — A man from Texas faces charges after authorities said he crashed an uninsured and unregistered car into the lobby of the Santander Bank located at 182 Cambridge St. on Thursday morning
The board of Paytm Payments Bank is independent and capable of addressing regulatory concerns, the chief executive officer of digital payments firm Paytm, formally known as One97 Communications Ltd, (OCL) said on Monday. I, personally or anyone from OCL, have no connection with the payments bank, Vijay Shekhar Sharma said at a webinar. There is an independent board taking care of everything and we have full faith in their capability. The Reserve Bank of India (RBI) in late January had...
Reality TV stars Todd and Julie Chrisley have appealed aspects of their