PaymentsNews

On The Web

nbsp; nbsp;

Global

Mexican Fintech: The Future Of Financial Technology In Mexico

“March 2018 saw Mexico’s lower house of Congress approve a bill to regulate fintech in the country, promote financial stability and in turn, put a stop to money laundering. The bill was approved by the Mexican Senate at the end of 2017, but is awaiting President Enrique Pena Nieto’s signature. According to Reuters, the law will […]
nbsp;

Global

Thieves Suck Millions Out Of Mexican Banks In Transfer Heist

“Thieves siphoned hundreds of millions of pesos out of Mexican banks, including No. 2 Banorte, by creating phantom orders that wired funds to fake accounts and promptly withdrew the money, two sources close to the government’s investigation said. Hackers sent hundreds of false orders to move amounts ranging from tens of thousands to hundreds of […]

On The Wires

nbsp;

Companies

Discover to Increase Card Acceptance in Mexico Through Network Alliance with Prosa

“Discover Financial Services, a leading direct bank and payments services company, and Promoción y Operación S.A. de C.V. (Prosa), a leading payment solutions provider and domestic payments network in Mexico, signed an agreement to form a strategic network alliance to expand Discover® Global Network acceptance in Mexico. Discover, Diners Club International®, PULSE and network affiliate […]