Australia Post Calls on Banks to Pay More

Australia 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.

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Ten Experts Debate Bitcoin’s Recent Declines and the Future of Cryptocurrency

Bitcoin’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 […]

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Chase Partners With Expedia on Travel Rewards

Travelers 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.

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Square Overtakes Venmo as Cash App Cryptocurrency Play Bears Fruit

Square’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.

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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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How Worried Should Banks Be About the FBI’s ATM Attack Warning?

People 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 […]

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Ripple Targets China for Blockchain-Based Cross-Border Transaction

Jeremy 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.

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U.S. Treasury: Regulators Should Back Off FinTech, Allow Innovation

The 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.

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Square Cuts Chip Card Processing Time by 44% to 2 Seconds

Square 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.

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Zelle Wants to Let You Pay Businesses, Too

Zelle, 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.

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