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A British appeals court ruled in favor of retailers including J Sainsbury Plc in a blow to credit card firms that could now face billions of pounds in damages.

Current CEO Bill Butler will retire in June 2020, at which time COO Christy O’Connell will take the helm.

The decision not to go after the real estate firm could have “serious implications” for lenders; British banks have three months to address technology issues.

The information you need to start your day, from PaymentsSource and around the Web: Paytm's Bollywood ambitions, Dubai turns to the Pays, new companies in the regulatory sandbox, and more.

If the GOP keeps the Senate, the Pennsylvania Republican, who has pressed for bigger changes to the Dodd-Frank Act than recently enacted regulatory relief legislation, could be the next banking chair. Here's what that means.

For stores that don't want such a high-tech makeover, options for automatic checkout options are being built on a much simpler foundation.

Both South Korea and Japan, for example, are crypto-friendly countries, but they’re also cracking down on anonymous cryptos, citing money laundering risk, according to Bob Rutherford, CEO and founder of Hedge.

Regardless of which party controls the House or Senate after the midterm elections, the financial services panels in both chambers could have new leaders.

Entrust Datacard, which serves both sides of the physical and digital payments spectrum, sees the categories' fates as intertwined. The more momentum digital and mobile wallets have, the more opportunity they create for their plastic counterparts.

A first-in-the-nation ordinance, passed by the city council in the wake of the Wells Fargo scandal, would require banks that want the city’s business to reveal if they have sales quotas for employees. It remains to be seen, though, whether Mayor Eric Garcetti will sign the measure into law.