Sheep are not natural-born leaders. If they were, they wouldn’t need border collies or sheepherders to make sure that they didn’t follow wolves blindly into harm’s way and that they ended up where they needed to be at the end of the day.
Read MoreWith card-based transit payments picking up steam in the United States, a key Mastercard Inc. executive said Thursday that 22 of the network’s physical-world transactions globally were contactless as of the end of 2018. The time to complete a contactless transaction is down to 0.
Read MoreForget the titanium Apple Card – Amazon’s latest payment method uses flesh and blood. The e-tailing giant’s engineers are quietly testing scanners that can identify an individual human hand as a way to ring up a sto…
Read MoreU.S.-based financial giant Wells Fargo is developing a U.S. dollar-linked cryptocurrency that will run on the firm’s first blockchain platform. Dubbed Wells Fargo Digital Cash, the stablecoin will be used in a pilot initially for internal settlement across the company’s business.
Read MoreFrom workforce expenses to high value transactions between buyers and suppliers, the market that supports the initiating and acceptance of card-based business payments is big and growing. According to Mastercard, Visa and American Express, commercial card payments hit a five year high of US 2 trillion[1] in 2018.
Read MoreFaster payments is a buzzword in retail banking which typically does not include credit card payments. The movement of money in retail banking usually involves transferring funds from Bank A to Bank B, in a transact…
Read MorePeople still need banking services. But banks? How sustainable are they in 2019? That’s another matter. A traditional piece of banking business business model is going away. Namely, they will no longer make money off of money. Doing so is no longer profitable. High interest rates are gone and they are never coming back.
Read MoreYet, as digital payments continue to grow, banks can tap into US500 billion opportunity in new payments revenue if they adopt innovative business models NEW YORK, LONDON and HONG KONG; Sept.
Read MoreThe banking industry continues to struggle with issues around reputation, trust and loyalty, failing to completely recover from pre-crisis issues that have resulted in new competitors and consumer backlash.
Read MoreAs the finance industry grapples with what the next generation of banks and payment systems will look like, it’s clear that partnerships are a linchpin for riding the wave of change successfully, whether you’re a multibillion-dollar traditional bank or a startup looking to bring cutting-edge technology into the mainstream.
Read MoreCLOSE A credit card machine is shown at Mercedes-Benz Stadium during a tour for the NFL Super Bowl 53 football game Tuesday, Jan. 29, 2019, in Atlanta. During its sponsorship renewal with the NFL through the 2025 season, Visa envisions the first cashless Super Bowl. (AP Photo/David J.
Read More“How would you like to pay for that, sir?” For most of my lifetime, there have been three possible answers to that question: cash, a check, or a plastic card. Go to Beijing, however, and you will see very few payments in those forms.
Read MoreAll Nissan vehicles manufactured in Brazil are to come factory-installed with Sem Parar RFID tags, enabling them to be used to make in-vehicle payments for electronic tolls, car parking, fuel and retail transactions – including at McDonald’s drive-thrus across the country.
Read MoreCielo, the largest credit card processing company in Brazil, recently announced support for cryptocurrency payments on its point-of-sale devices.
Read MoreChina’s central bank will launch a state-backed cryptocurrency and issue it to seven institutions in the coming months, according to a former employee of one of the institutions who is now an independent researcher.
Read MoreWhen it comes to new payment technologies, it’s often difficult to know what consumers are thinking, and banks have a lot on their plates. Aligning a transformation strategy with the desires of consumers is an interesting chart to plot. One thing that’s clear is both banks and consumers have embraced contactless.
Read MoreRecently, China’s central bank — People’s Bank of China (PBOC) — surprised the business and crypto world with its plan to launch a central bank-backed digital currency (CBDC). The news came after the announcement of Facebook’s Libra, creating a perception that China is playing catch-up.
Read MoreBack in June Uber went on a hiring spree in New York, hiring at least 100 fintech-oriented tech workers to ostensibly look at creating products to increase loyalty and engagement among users and drivers, including things like banking. Cue a flurry of speculation.
Read MorePeople who use Venmo to make payments are vulnerable to stalking, snooping, or hacking, due to the company’s default privacy settings, browser developer Mozilla and the digital rights group Electronic Frontier Foundation said Wednesday.
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