The Wall Street Journal is reporting that Facebook has been quietly working on a new cryptocurrency-based payments system. Dubbed Project...
CFPB to give more information to firms under investigation The head of Credit Suisse’s blockchain efforts said culture is the...
American Banker takes a look at 6 ways payments has become a prominent theme during the Super Bowl; pizza chains...
ICBA selects first fintechs for new accelerator program Partnerships, UX improvements and speed will drive money transfer in 2019 Brexit...
According to Visa 96 percent of U.S. payment volume took place on chip cards, with the large majority being chip and signature cards; starting next month major card brands will look to move customers to the chip and PIN cards that have been widely adopted across Europe; Merchants will be able to turn cell phones into terminals instead of buying expensive POS terminals with pin pads; wide adoption will take time as smaller retailers might not see the benefits as quickly and large retailers have invested a lot in the current technology. Source.
Visa’s Margaret Reid on the future of passwords and financial products The SEC must solve its cryptocurrency custody conundrum After...
Ping An pushes into Indonesia’s fintech space In strategic shift, TIAA to close dozens of mortgage offices Orca launches industry-wide...
Banks and fintech firms are in competition over payments systems and each thinks real-time payments should be run differently; Bank...
Card conglomerates, including Visa, Mastercard and American Express, grabbed multiple headlines in 2018 centered on their adoption of commercial cards as well...
Dozens of Coinbase users were complaining on Reddit regarding unexpected charges on their credit and debit cards; Worldpay and Visa issued a joint statement saying the issue was not cause by Coinbase; the Financial Times reports that the source of the problem was still not clear though it did seem related to merchant category codes that were assigned to Coinbase; the issues bring up concerns that regulators have been discussing, rules around the new digital currencies are not clear. Source.