Technology

10 Ways Fintech, Payments Are on the Ballot in the 2020 House Election

10 Ways Fintech, Payments Are on the Ballot in the 2020 House Election

As the House of Representatives enters the 2020 election season, the outcome stands to encourage or rein in a group of technology companies that are encroaching deeper into financial services.

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Mastercard Post-Pandemic Views on Contactless Payments, Technology and Future Threats

Mastercard Post-Pandemic Views on Contactless Payments, Technology and Future Threats

Mastercard’s Mohamed Abdelsadek on contactless payments, technology and future threats Market trends related to COVID-19 have shifted the dynamics of retail payment security, both online and in-store.

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Digital Wallet User Base to Increase to 4B by 2024

EXPANSION The report forecasts mobile payments will drive non-cash transaction growth The number of digital wallet users globally will increase from 2.3bn in 2019 to 4bn in 2024 and global non-cash transactions will grow to nearly 1.1tn in 2023 from 708.5bn in 2019, according to the World Payments Report 2020.

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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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COVID-19 Accelerated the Global Fintech App Usage in H1 2020

According to the latest report on global fintech app usage, the average sessions in investment apps surged 88%, while payment and banking app sessions increased by 49% and 26%, respectively, during the COVID-19 pandemic.

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Apple Card, Apple Pay Could Be Apple’s Next Multi-billion Dollar Businesses

Investment bank Cowen forecasts that Apple’s payment services, like Apple Pay, are well-positioned to take advantage of the growing fintech and retail markets.

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Facebook’s Moves Shake Up ‘Big Tech’ Payments Balance

Facebook’s Moves Shake Up ‘Big Tech’ Payments Balance

America’s tech giants Google, Amazon, Facebook, and Apple continue apace their march into payments. With Google Pay, Amazon Pay, Facebook Pay, and Apple Pay, they’ve put their brands foremost and use payments to boost on-platform engagement and commerce, reinforcing their centrality in consumers’ lives.

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7 Essential Components of Digital Transformation Success

Digital banking transformation involves the integration of data, advanced analytics and digital technology into all areas of a financial institution, changing the way work is done, priorities set and services delivered.

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Google to Enforce 30% Cut on In-app Purchases Next Year

Google said on Monday that it will enforce rules that require app developers distributing Android software on the Google Play Store to use its in-app payment system. The move means developers have until Sept. 30, 2021 to use Google’s billing system, which takes a 30% fee from payments, instead of independent payment systems.

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Digital Transformation Demands a Culture of Innovation

As the banking industry continues to deal with the disruptions resulting from COVID-19, most financial services executives say that innovation is now a prerequisite for them to respond quickly to market challenges and opportunities.

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EU Weighs Rules That May Force Apple to Share Payment Technology

(Bloomberg) — The European Union is weighing legislation that could force Apple Inc. to open iPhone payment technology to competitors.

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The Rise of the Mobile Wallet

The Rise of the Mobile Wallet

I first started blogging about smart mobile wallets in earnest in 2014. Back then, the mobile network operators were starting to get active and to try and bring the M-PESA and other experiences to the modern world. But no one wanted them.

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