BofA's lofty market aspirations; Amazon working on palm payments
Moynihan says the bank’s consumer market share could be doubled; retail terminals would connect customer’s hand print with their card information. ... Read full article
Moynihan says the bank’s consumer market share could be doubled; retail terminals would connect customer’s hand print with their card information. ... Read full article
Banks are increasingly sharing data and must brace for new regulations protecting that data. ... Read full article
It’s only a matter of time before Silicon Valley “overturns more complex banking functions”; banks would have to help FinCEN identify suspicious firearms sales. ... Read full article
In the payments world, Scharf is best known as the CEO of Visa Inc. from 2012 to 2016, where his strategies for faster payments, fintech partnerships and other key issues may shed light on what Scharf has planned when he becomes CEO of Wells Fargo. ... Read full article
As major U.S. cities continue to implement contactless tap-and-go acceptance to collect transit fares, at least one bank sees this trend as an opportunity to put its cards on center stage. ... Read full article
Apple's new credit card isn't just another virtual card in its virtual wallet. It borrows a lot of features from the most successful brands in payments and technology. ... Read full article
CEO David Solomon said that Goldman is “absolutely’’ looking at digital currencies and conducting “extensive research’’ on tokenization. ... Read full article
State and local officials have pushed back against retailers that don’t take cash, and now some are pressuring electric vehicle firms to expand payment options at charging stations. ... Read full article
Digital Asset Holdings eyes blockchain for 'smart contracts'; readying for a marathon is like competing for a big client. ... Read full article
Apple's new credit card isn't just another virtual card in its virtual wallet. It borrows a lot of features from the most successful brands in payments and technology. ... Read full article
Game day is a big day not just for athletes — anyone who sells pizza, chicken wings and beer will also win big if they have the capacity to handle all of the orders that come in. Many are turning to mobile and online technology to increase sales and remove ... Read full article
A federal judge sanctioned the Consumer Financial Protection Bureau on Friday by dismissing a massive lawsuit against several payment processors, saying the agency demonstrated a "willful disregard" for court rules. ... Read full article