U.S. shoppers spent a record 9.42 billion online on Cyber Monday, according to numbers released Tuesday by Adobe Analytics, the data insights arm of software firm Adobe Inc. This 19.7 jump from 7.87 billion on Cyber Monday 2018 surpassed projections from a number of analysts and makes Cyber Monday the largest sales day in the […]
Read MoreBy David Orme, SVP, IDEX Biometrics ASA Consumers in Generation Z (those born after 1995) are the biggest market disrupters right now. They are predicted to make up 40% of all consumers by 2020, and will account for 32% of the global population overtaking millennials (31.5%, born between 1).
Read MoreA peculiar phenomenon is occurring within the economic sector. In fact, it’s been transpiring over the past few decades. After the rise of the internet and the development of effective communications, the financial industry underwent a technical reconstruction. Those formerly disbarred due to a lack of capital found refuge in this revolution.
Read MoreU.S. shoppers spent a record 9.42 billion online on Cyber Monday, according to numbers released Tuesday by Adobe Analytics, the data insights arm of software firm Adobe Inc. This 19.7 jump from 7.87 billion on Cyber Monday 2018 surpassed projections from a number of analysts and makes Cyber Monday the largest sales day in the […]
Read MoreFoundational changes in payments – the emergence of fintechs, a mobile-first approach by consumers, and the digitization of payment methods – are altering vital relationships in the industry. Two thousand twenty may be the year that many of the underlying changes various payments players have made in the last few years manifest in a resounding […]
Read MoreThe US-based commission-free stock trading platform has withdrawn its application with the Office of the Comptroller of the Currency (OCC) for a bank charter, per CNBC, merely seven months after submitting the application in April.
Read MoreBy David Orme, SVP, IDEX Biometrics ASA Consumers in Generation Z (those born after 1995) are the biggest market disrupters right now. They are predicted to make up 40% of all consumers by 2020, and will account for 32% of the global population overtaking millennials (31.5%, born between 1).
Read MoreIt’s fair to say that over the last decade, the world of financial services has changed irreversibly.
Read MoreOne of the many benefits of having the Platinum Card from American Express or the Business Platinum Card from American Express is access to Amex’s premium concierge service.
Read MoreU.S. shoppers are set to spend a record $27.49 billion online this year during the five-day stretch from Thanksgiving to Cyber Monday, Digital Commerce 360 (formerly Internet Retailer) projects. This is up from $23.63 billion in 2018 and would be a 16.3% year-over-year jump in ecommerce sales for the biggest U.S. retail weekend of the […]
Read MoreNobody will disagree that the banking industry is going through massive changes unlike anything seen in decades. New technologies are impacting legacy banking models and consumer expectations, as well as the competitors in the marketplace.
Read MoreRegulators made proposals on Thursday to strengthen the ability of banks and payment firms in Britain to recover from disruptions to services within set timeframes. FILE PHOTO: Workers are seen in the City of London, near the Royal Exchange and Bank of England, London, Britain, December 2, 2019.
Read MoreThe CEO of Chinese cryptocurrency exchange Idax has gone missing prompting fears that users of the platform have lost their virtual assets. On November 29th, an official announcement on the echange’s website announced that Lei Guorong had “gone missing with unknown cause and Idax Global staffs were out of touch with Idax Global CEO”.
Read More“You might not have to make that trip to the bank after all,” Rob, a friend, messaged me over WeChat the other day. He attached a press release saying Alipay had launched an international version of its mobile payments platform for visitors to China.
Read MoreContxto – Let’s give the Mexican government some credit. It had good intentions when it launched its electronic payment solution, Cobros Digitales (CoDi) last September. Now, all intentions aside and nearly two months into its release, there’s still a long way to go in terms of penetration and acceptance. According to a recent survey, over […]
Read MoreFive federal agencies including the Federal Reserve, Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency (OCC), and National Credit Union Administration (NCUA) have essentially green-lighted the mortgage industry’s use of alternative credit data in underwriting – howev.
Read MoreMore than half (54) of U.S. banking consumers use apps to manage their finances or make person-to-person payments, but most are unaware how their personal data is stored and shared, or even which data is used, according to a study released this week by payments infrastructure firm, The Clearing House .
Read MoreThe way in which we process payments here in the U.S. market has undergone significant change over the years. That said, the Automated Clearinghouse (ACH) process itself has remained fairly static, at least up until now. That’s all set to change, with the Federal Reserve’s recent announcement of its FedNow service.
Read MoreA federal judge in New York ruled that the Office of the Comptroller of the Currency (OCC) did not have the authority to issue special bank charters to non-bank fintech companies.
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