Technology

Bugs in Mobile Credit Card Readers Could Expose Buyers

The tiny, portable credit card readers you use to pay at farmer’s markets, bake sales, and smoothie shops are convenient for consumers and merchants alike.

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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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Facebook Denies Seeking Users’ Bank Data

Facebook has been getting cozy with your banks, but that might not be as alarming as it sounds. On Monday, the Wall Street Journal reported that Facebook has been courting banks to enter into data-sharing agreements.

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Fintech Firms Are Getting Closer to Being Banks in Everything but Name

There’s no shortage of fintech news, and crypto news in particular practically bumps into you in the hallway. Every week, our finance technology email will sort through the useful and the useless in fintech news and deliver it right to your inbox on Fridays. Sign up here.

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What’s Missing From the OCC’s Fintech Charter

The Office of the Comptroller of the Currency recently finalized its controversial decision to authorize a special-purpose fintech charter.

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Why Apple Pay Is the Highest-Rated Mobile P2P Payment Service

In our first-ever test-based ratings of P2P mobile services, Consumer Reports rated Apple Pay the highest overall, with excellent or very good marks in the key consumer-protection measures of payment authentication and data privacy.

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Microsoft Pay Is Now Available With Masterpass

Microsoft Pay now supports Masterpass by Mastercard, so that consumers can use their Microsoft account for fast and secure checkouts at their favorite retailers that accept Masterpass, without the need to reenter their information.

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Intuit Scores Patent for Processing Bitcoin Payments With Text Messages

California-based business and financial software company Intuit has been awarded a patent for processing bitcoin payments via text message. The patent, publishedby the U.S Patent and Trademark Office (USPTO) on Tuesday, details how a system of virtual accounts could enable two users to transfer funds using mobile phones.

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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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Facebook Wants Financial Data From America’s Largest Banks

Facebook is asking large banks in the US to share their customers’ card transactions, shopping habits, and checking account balances to offer new financial services, as reported by The Wall Street Journal. In an emailed response to the report, Facebook denies that it’s actively asking financial services companies for financial transaction data.

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2 Recently Launched Square Products Are Game-Changers

( Square’s NYSE:SQ) business continued its strong momentum in the second quarter, as the company reported yet another quarter of accelerating revenue growth and management increased its top-line outlook for the full year again. Daniel Sparks owns shares of Square. The Motley Fool owns shares of and recommends Square.

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How Is Blockchain Revolutionizing Banking and Financial Markets

Invented back in 2008, the blockchain technology has depicted the change that it can bring in different business areas. The technology, even in its infancy, has disrupted different industries and sectors.

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