Digital payments

Fintechs to law enforcement: Let’s be partners, not adversaries

11/09/18

A new group aims to foster collaboration between fintechs and state and federal officials in the fight against crime — without hindering legitimate business innovation.

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Sizing up the real fintech threat to banks

11/07/18

Will it be a bigfoot from Amazon, Google and Apple, or death by a thousand bites from niche rivals? Or can banks rally and fend off the insurgents?

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With Jeff Sessions out, will pot payments thrive?

11/07/18

During his time as U.S. attorney general, Jeff Sessions was an outspoken opponent of the legalization of cannabis sales. Now that Sessions has resigned, legal marijuana is poised to become a growth industry.

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Bitcoin ATM operator Coinsource gets New York bitlicense

11/01/18

The approval marks the New York’s bank regulator 12th license to a crypto-related business.

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Mastercard’s blockchain patents — what’s in it for banks?

11/01/18

The credit card company's filings mirror patents Bank of America, Barclays and TD Bank have submitted in the past two years that focus on how funds transfers and data security would augment blockchain technology.

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How (and why) Barclays keeps an eye on crypto activity

10/29/18

The bank, one of the few that do business with digital currency exchanges like Coinbase, has developed methods for monitoring all customers’ digital currency purchases.

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Liquineq launches distributed ledger for cashiers’ checks

10/29/18

The idea of digitizing cashiers' checks is likely to meet resistance, but the Swiss startup says at least two U.S. banks are already showing interest.

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Zelle, Venmo use soars as more consumers go cashless

10/23/18

Zelle processed 116 million transactions during the third quarter as its payment volume jumped to $32 billion, while Venmo's volume increased 78% to nearly $17 billion.

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To boost credit scores, FICO, Experian, Finicity want bank data

10/22/18

In a move designed to improve access to financial products for consumers with low credit scores and short credit histories, Experian, FICO and Finicity are developing an "UltraFICO" score that lets individuals share checking and savings account data and help lenders better assess risk.

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PNC to use Ripple blockchain tech for international payments

09/19/18

The Pittsburgh bank joins Bank of America and other large financial players in a distributed-ledger network that seeks to make global payments in real time.

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