All you need is a hot idea and some funding. All you have to do is listen to what consumers say they want. The big players have an inherent advantage. Meetings suck the creativity out of any worthwhile project. Those are some of the common myths of innovation, and they apply to the payments world.
Read MorePeople who work in information security departments are confronted with security alerts every day; at large banks they get hundreds of thousands a day. Choosing which to act on and which to leave alone is never easy. The FBI sent a confidential alert to banks late last week, warning that a rash of ATM theft […]
Read MoreThe U.S. may be next to see a surge of contactless credit cards, following other major markets around the world. In many locales similar to the U.S., consumers tap to pay for about 20 of all in-store transactions using Near Field Communication-equipped cards, far surpassing the number of mobile payment users. But it’s unclear whether […]
Read MoreSquare’s push into the cryptocurrency market is leading to a surge in downloads for the firm’s Cash app, surpassing PayPal’s popular Venmo mobile money service for the first time.Cumulative downloads for the Cash App now total 33.5 million, exceeding Venmo’s 32.9 million for the first time ever, according to data from Sensor Tower and Nomura.
Read MoreSquare has announced that it has cut its chip reader processing time for card transactions down to just two seconds. The news comes a little more than a year after Jack Dorsey took to Twitter to boast that Square had trimmed its processing time down from 4.2 seconds to 3.
Read MoreIn technology, innovation, of course, is as critical as oxygen, fueling the next big thing and boosting top and bottom lines. And shoring up that next big thing comes with patent filings, part of the arsenal of protecting intellectual property, shepherding concept to reality.
Read MoreMobile payment company Square’s Cash App has recently rolled out Bitcoin (BTC) trading in all 50 states, the firm confirmed in a Tweet August 13. According to the companys announcement, Cash App users are now able to conduct Bitcoin buy and sell transactions in all the U.S. states.
Read MoreBitcoin’s price was above 8,000 at the end of July. Now, in the middle of August, the cryptocurrency is down to around 6,500. What you’re seeing now is a bit of panic selling Brian Kelly said on CNBC’s Power Lunch on Tuesday. To me, it’s one of the better entry points that we’ve had in […]
Read MoreTravelers who use J.P. Morgan Chase credit cards are about to get a free upgrade. Credit-card customers who redeem rewards through the bank’s web portals will have access to more than double the travel inventory starting Sunday, according to a person with knowledge of the change.
Read MoreZelle, a Venmo-style app that lets consumers send money to friends, roommates and babysitters, is working on ways to ensure that customers can safely pay small businesses as well, according to people familiar with the situation. Zelle, backed by Bank of America Corp., JPMorgan Chase Co.
Read MoreCryptocurrency values may have peaked in December 2017, but the cryptocurrency movie has nowhere to go but up – at least, that’s what the producers of Crypto are hoping. The upcoming film, currently in post-production, tells a classic crime thriller set against the backdrop of shady cryptocurrency dealings (think Michael Clayton meets Sicario).
Read MoreAustralia Post boss Christine Holgate wants the 209-year-old institution to play a bigger role in providing banking services, but says she needs more money from the banks to do so.
Read MoreJeremy Light, the European Union strategic accounts’ Vice President at Ripple has expressed the company’s interest in the Chinese market. In an interview with CNBC, Light has stated that China interests Ripple since it can provide assistance to the nation for speed enhancement of cross border payment based on blockchain technology.
Read MoreThe adoption of blockchain in UnionBank’s internal processes has resulted in lower operational costs. The decision to adopt blockchain in its internal processes has allowed UnionBank of the Philippines (UBP) to cut operational costs while learning more about the application of the technology.
Read MoreThe Bank of China’s chief information officer recently shared details on the bank’s blockchain efforts as he unveiled plans to boost fintech spending, according to local news reports.
Read MoreThe Treasury Department recently released a report urging state and federal regulators to revamp outdated statutes and support technological innovations such as AI, machine learning and blockchain that could make the U.S. financial system more nimble and competitive.
Read MoreThe national fintech charter announced last week by the Office of the Comptroller of the Currency has been positioned by its supporters as a means of encouraging innovation and growth, but instead it brings new risks and market distortions to the U.S. economy.
Read MoreAs an increasing number of people get involved with cryptocurrencies in some way, particularly retail rather than professional investors, regulators have taken a keen eye on the industry. But it’s not just bitcoin they are looking at.
Read MoreSome states are girding for a fight with the Trump White House over plans for the federal government to increase its role in overseeing the FinTech startup market.
Read More
