EMEA

The Supreme Court has sided with states in a dispute over sports gambling, a double victory for payment processors, which can use largely existing tools to serve an entirely new market.

State Bank popped up on the Houston company’s radar eight years ago, but management waited until now to strike.

Money launderers seem to be ramping up their use of a favorite strategy to clean their illegal funds — paying a small fee to a bank account holder to simply receive and send money transfers. And these so-called money mules are starting young.

Each year, 50,000 small and medium-sized businesses in the U.K. are forced under due to late payments. This is the net result of a culture where many large companies regularly make their suppliers wait far beyond agreed terms, before processing payment.

The Houston company had been an interested, but selective, acquirer before announcing this year's biggest bank deal.

Europe's PSD2 data-sharing standards are meant to foster cooperation in the market, but banks are getting more competitive as they seek to plug a revenue drain the new rules threaten.

Security is a top priority for financial institutions around the world. In the past few weeks, the U.K.’s TSB Bank has learned the hard way that availability is even more important. And when availability is an issue, security can’t be ignored.

A planned stock offering by the French banking giant would lower its stake in First Hawaiian to 49.9%.

The bank and European air carriers are hoping to cut into air fare payment fees that are as high as $8 billion per year.

Ulster Bank customers in the Republic of Ireland were left fuming as a second problem with the bank’s digital systems emerged only a week after the last mess, slowing down payments.