pymnts

Moving Past the Myths of Payments Innovation

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.

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In FinTech, the Race for Patents (And More)

In 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.

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Payments’ Stranger Things

The payments world could very well be living in the Upside Down. The Upside Down is the fictional parallel universe controlled by a hive mind and humanoid predators called Demogorgons, made popular by the 2016 Netflix smash hit Stranger Things. The Upside Down looked sort of like the real world, but much spookier and a […]

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Chase Cards Team With Expedia on Travel Rewards

Chase Card Services and Expedia Group announced a strategic alliance that will boost the Chase Ultimate Rewards travel hub. In a press release, the companies said the alliance will also give Chase Ultimate Rewards users new capabilities and more flexibility in redeeming the points.

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Singapore Provides ‘Springboard’ to Asian Markets for FinTech

Singapore’s FinTech scene is booming: Funding for the burgeoning sector in the island country topped nearly a billion dollars in 2017, reaching 983.6 million that year. Hong Kong, by comparison, saw 596.8 million in funding for FinTechs at the time. Singapore overtook Hong Kong in FinTech funding in 2016.

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On Bitcoin, Altcoins, Bubbles and a (Possible) Burst

To quote the bard, in a manner of speaking: Bubble, bubble, boil … then trouble. Before the Macbeth purists rankle, we’re talking about cryptocurrencies – where drama is underway, so a bit of poetic license is alright.

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Some States Readying for a Fight Over Federal Government’s FinTech Oversight

Some 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.

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How FIs’ Top Performers Scale and Monetize Innovation

Successful innovation is all about operationalization. The good news is that the path to operationalizing innovation looks remarkably similar for all financial institutions (FIs). Whether FIs are big or small, operationalizing innovation comes down to executing on the same four key tenets , starting with making innovation a mindset.

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Treasury Finds Promise In, Urges Regulation Across, FinTech Landscape

It was no surprise that FinTech dominated regulatory headlines this past week, with a Treasury report that helped set the stage for a sea change in how these financial upstarts might be both governed and cultivated.

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FinTech Firms on the New FinTech Charter

Getting bogged down in a maze or taking unnecessary risks – the current climate for FinTech in the United States often leaves players with only those two stark choices, according to Bruce Parker, founder and CEO of Modo, which describes itself as a cloud-based utility that enables payment system interoperability.

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Cryptocurrency Pump and Dump Schemes Growing

Pump and dump schemes – in which an asset is talked up to drive the price higher before traders dump it for a profit – are making their way to the cryptocurrency market, with digital chatrooms growing over the Internet where coin traders will gather to plot a scam.

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AI, Security and Loosened Rules: How the US Wants to Boost FinTech

Loosening federal regulations, enacting national data breach protections and drafting model laws at the state level to reduce overlapping red tape, could help promote FinTech in the United States, according to report released Tuesday (July 31) by the U.S. Treasury Department. The report arrives at a time of growing optimism for U.S.

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