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MercadoLibre: The ‘Amazon Of Latin America’ Spreads Its Wings

PYMNTS

Osvaldo Giménez , executive vice president and CEO of FinTech, which includes Mercado Pago, told PYMNTS that the region is complex, with different regulations governing each of the 18 countries where it trades. “I One difference is the use of debit cards online. Therein lies the value proposition for Mercado Pago.

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SEC Probing First American Financial’s Data Breach

PYMNTS

Securities and Exchange Commission is reportedly investigating a security breach at First American Financial Corporation that saw the exposure of upwards of 885 million financial records and personal files related to mortgages dating back to 2003. KrebsOnSecurity reported the breach in May.

Data 116
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FAFC Data Breach Exposed 885M Financial Records

PYMNTS

Securities and Exchange Commission is reportedly investigating a security breach at First American Financial Corporation that saw the exposure of upwards of 885 million financial records and personal files related to mortgages dating back to 2003. KrebsOnSecurity reported the breach in May.

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American Dream Mega Mall Opens In Mega eCommerce Era

PYMNTS

Even with the mall under pressure due to the rise of online shopping, the American Dream’s first phase will come to life on Friday (Oct. million gallon water park, a beach kept at 87 degrees Fahrenheit year-round, a Sea Life aquarium, a regulation National Hockey League skating rink and an aviary featuring local birds, among other features.

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Merchants Gone Wild: The Surcharge Edition

PYMNTS

Card networks, under pressure from regulators, modified their rules in 2013 to allow merchants to surcharge – basically ending the ban – under very specific conditions and with very tight parameters for how to calculate that surcharge. And then regulators are forced to backtrack. Surcharging has been permitted Down Under since 2003.

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CashCall, Courts And California’s Increasingly Confusing Lending Market

PYMNTS

Headquartered in Orange County, California and founded in 2003, CashCall is a big firm that consumers likely know best from its early commercials featuring the late Gary Coleman. The ad itself seems somewhat silly, which is probably why it is so memorable, but CashCall is far from a joke. At least, they did. The California Court Loss. “The

Lending 101
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Govt Eyes BEC, Govt Slammed By BEC

PYMNTS

The South China Morning Post reports that the SFC has set up a form online through a page titled “Reporting corporate fraud and market misconduct.” The total spending came to as much as 12 million euros between 2003 and 2012.