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Robinhood Users Say Accounts Were Looted, No One to Call

Bloomberg 1 hr ago Sophie Alexander and Annie Massa (Bloomberg) — It took Soraya Bagheri a day to learn that 450 shares of Moderna Inc. had been liquidated in her Robinhood account and that $10,000 in withdrawals were pending. But after alerting the online brokerage to what she believed was a theft in progress, she […]

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U.S. Spending Jumped 7% at Visa in August

U.S. Spending Jumped 7% at Visa in August

U.S. payments volume at Visa (NYSE: V) jumped 7% year over year in August, according to a regulatory filing, as the company continues to see domestic spending rebound since the coronavirus pandemic struck in March. The trend continues positive momentum for the company, which saw U.S. payments volume jump 8% in July year over year.

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Cashierless Stores Are Popping Up at Gas Stations, Stadiums and Even Dunkin’

Cashierless Stores Are Popping Up at Gas Stations, Stadiums and Even Dunkin’

CNET 1 hr ago Ben Fox Rubin Pretty soon you might find Amazon Go-like concepts just about everywhere. Mastercard on Friday said it’s joining the effort to create more of these kinds of cashierless stores, unveiling a platform it calls Shop Anywhere.

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Five Digital Banking Licenses Are Slated to Be Issued. Should Singapore Banks Worry?

Five Digital Banking Licenses Are Slated to Be Issued. Should Singapore Banks Worry?

The latest news on digital banking is that the Monetary Authority of Singapore (MAS) has decided to issue up to a maximum of five digital banking licenses, comprising up to two full-bank licenses and three digital wholesale bank licenses.

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Artificial Intelligence Is Changing Credit Cards and Banking

Artificial Intelligence Is Changing Credit Cards and Banking

Advertiser Disclosure: The credit card offers that appear on the website are from companies from which this site receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear).

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Galaxy S10 Might Ship With a Secure Cold Crypto Wallet for Storing Bitcoin

Galaxy S10 Might Ship With a Secure Cold Crypto Wallet for Storing Bitcoin

One of the newest trends in mobile is Bitcoin and the blockchain, although only a few companies are ready to offer phones featuring cold wallets for secure crypto storage, or support for decentralized apps. HTC and Sirin are two such companies, with each one having launched a blockchain phone in the past few months.

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Fintech on Track to Shape Future of Islamic Finance

Fintech on Track to Shape Future of Islamic Finance

The results of the inaugural World Islamic Fintech Awards, a new competition organised by industry platform IFN Fintech held in Manama, Bahrain last month, showed a clear trend of innovative financial technologies advancing into a number of sectors of the Shariah-compliant finance industry.

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Time to Ditch the Word ‘Blockchain’, Report Says

Time to Ditch the Word ‘Blockchain’, Report Says

A new report from Forrester Research says the buzz around blockchain, a technology that creates tamper-proof records across multiple computers, is so over-hyped that some companies are dropping the word altogether.

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Visa Made a Signature Audio Chirp for Digital Payments

Visa Made a Signature Audio Chirp for Digital Payments

For years, Visa Inc. has pumped out ads bragging that its cards are accepted everywhere, from local bistros to remote vacation spots. Now there’s somewhere else Visa wants to be: embedded in your toaster.

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41% of Americans Say They Won’t Ever Invest in Cryptocurrencies

41% of Americans Say They Won’t Ever Invest in Cryptocurrencies

Who buys Bitcoin and its cryptocurrency ilk? A relatively small segment of the population, according to a June survey by cryptocurrency app Gem and analytics firm Harris Insights. Roughly 8 of Americans invest in cryptocurrencies such as Bitcoin, Ethereum, and Litecoin, the poll of over 2,000 adults revealed.

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Banking Giants Including Citigroup and Barclays Sign Up for IBM Trial Blockchain Project

Banking Giants Including Citigroup and Barclays Sign Up for IBM Trial Blockchain Project

In what is perhaps of sign of just how many blockchain options have emerged in recent years, nine banking giants including Citigroup and Barclays are participating in an app store trial for programs based on the technology.

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American Express Seeks Blockchain Patent

American Express Seeks Blockchain Patent

American Express Co. (NYSE: AXP) began testing a blockchain version of its customer rewards program in May and is now going one step deeper into blockchain development with a patent application related to a proof of payment (PoP) system.

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