Facebook‘s plan to launch to launch its own currency has once again raised significant privacy concerns, with some critics claiming it could be the most “invasive and dangerous” form of surveillance the technology giant has yet conceived.
Read MoreHouse Financial Services Chairwoman Maxine Waters on Tuesday called on Facebook executives to testify before her committee and urged the social media giant to hold off on plans to develop a new digital currency that’s drawing increasing scrutiny from Congress.
Read MoreImage: Getty Facebook unveiled its new cryptocurrency Libra on Tuesday, revealing a global vision that imagines poor people without access to financial institutions in developing nations buying the digital token and using it instead of money or traditional banking services.
Read MoreCryptocurrencies live in a volatile, roller-coaster world, which Facebook is seeking to change with its new Libra digital money. The new digital currency will be overseen by a nonprofit association and backed with real assets to serve as a reliable, stable form of globally accepted money that lives essentially on smartphones.
Read MoreOn a recent trip to New York, I stopped by a bank on Fifth Avenue, where I was greeted by a friendly employee named Pepper. We exchanged a few pleasantries before she provided me with information on what the bank had to offer. Then she asked a few questions before pointing me to another staff […]
Read MoreFacebook ( FB) is preparing to unveil its cryptocurrency this week. The company plans to launch its cryptocurrency next year, according to a report from the Wall Street Journal. The report stated that Facebook is assembling a consortium that will govern its digital currency.
Read MoreIt is the social media giant’s first foray to cryptocurrency Facebook marks its entry to digital wallet and cryptocurrency with Calibra and Libra. The former is the social media giant’s digital wallet platform while the latter is its digital currency. Calibra aims to be both a separate app and an added feature for Messenger and […]
Read MoreAn acquisition as large as Fiserv’s deal to buy First Data has lots of moving parts, but one big piece may be a new First Data product that’s designed to improve the vexing problem of payment approvals.
Read MoreBy Andrew Gauvin and Iurii Oliiar, Freeport Metrics If your business relies on selling anything online, payment is central to your company’s success. A web security strategy is no longer enough – following are seven factors to consider when securing mobile payment apps. 1.
Read MoreIs it prime time for real time, especially for B2B? The rise of Zelle, and any number of peer-to-peer (P2P) payment options, has increasingly brought consumers on board with the need for speed in payments – where settlement is marked by seconds and minutes, not hours or days.
Read MoreWere only halfway through 2019, and its already been a big year for fintech. The last few years have given us exciting fintech developments with a lot of potential, and it looks like this is going to be the year where those promising new technologies make the transition to real-world solutions.
Read MoreAmazon is dialing up efforts to win over customers that typically frequent rivals such as Walmart: low-income shoppers.
Read MoreFinding an automated teller machine (ATM) in India is getting tougher day by day as the number of ATMs in the country has gone down in the past few years even when the dependence on cash persists and cash amounts to 80 percent of all transactions.
Read MoreStack, one ofCanadasfastest growing challenger banks, is partnering with the alternative payments provider,Payment Source, in a bid to target the millennial population to spend and increase the power of their dollar.
Read MoreDigital bank Monzo has taken the UK by storm, thanks to its app-based, customer-centric tools and brand. And now it’s coming to the US.
Read MoreAnthony Thomson and Chris Skinner on whether Australia’s banks have to worry about big-tech coming for their lunch.
Read MoreMastercard, one of the two dominant U.S. payment networks, is introducing debit and credit cards that will let transgender users select whatever name they want – as long as the bank that issues the card and extends the accompanying credit line goes along.
Read MoreMastercard MA, has adopted a new policy aimed at reducing a major source of stress for transgender and non-binary consumers. The company is introducing the True Name card, which will allow card holders to choose for their preferred name to appear on their credit and debit cards even if it does not match their legal […]
Read MoreThe Indian fintech industry is rapidly evolving to provide innovative technologies in the financial services sector.
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