Digital payments

JPMorgan, Microsoft strike blockchain partnership

05/03/19

The bank is hoping the venture will encourage more companies to use Quorum, the Ethereum-based blockchain it built five years ago.

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Facebook plans crypto-based payments system; Sloan was a keeper

05/03/19

Digital coin could be used for purchases across the internet; Berkshire vice chair says he would have let Sloan stay on at Wells.

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Goldman Sachs: We'll bet on crypto when it's more stable

05/01/19

Martin Chavez, global co-head of the securities division at Goldman, suggested the bank is unlikely to fully support crypto until such currencies have the backing of the U.S. government.

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Investors boost Divvy's business expense payments platform

04/30/19

The venture capital firm New Enterprise Associates has led a $200 million funding round in Divvy, a business payments and expense management platform provider.

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German megadeal called off; PayPal discloses Venmo user base

04/25/19

Deutsche Bank and Commerzbank end merger talks; the digital money transfer unit has more than 40 million digital users, second only to JPMorgan Chase.

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A payday lender in disguise? New York investigates the Earnin app

04/03/19

The Earnin app appears designed to look like other early wage access programs, but critics say it’s actually a payday lender and New York regulators have taken notice.

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Goldman to share code with developers; Mastercard’s digital ID blueprint

04/03/19

Firm “hopes to crowdsource new uses for” its pricing and analysis system; the system could be put on a device and used anywhere to cut down on fraud.

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Are global regulators gunning for big tech?

04/02/19

Randal Quarles, a senior Fed official and chair of the Financial Stability Board, sparked debate with a speech about the risks and rewards of companies like Amazon, Facebook and Apple entering the financial system.

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What the new Apple credit card means for Goldman Sachs

03/25/19

The Silicon Valley partnership represents an extension of — but also a departure from — the consumer strategy that Goldman has been pursuing since the launch of its digital consumer bank, Marcus.

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How 6 million Bank of America customers are using Erica

03/22/19

The most popular features of the AI-driven virtual assistant include transaction search and spending alerts.

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