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Germany’s Deutsche Bank Offers A Lifeline To Wirecard Bank

PYMNTS

On Wednesday (July 1), he told members of the Bundestag, the nation’s Parliament that Wirecard was classified as a technology company, not a financial services provider, which means the company was not under BaFin’s jurisdiction. In commentary on Monday (June 29), PYMNTS compared the Wirecard drama to the Enron Corp.

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Bitcoin Daily: Luxembourg Passes Blockchain Bill; Overstock tZERO Volume Sluggish

PYMNTS

Luxembourg had already passed a bill to legally issue “dematerialized securities” in April 2013 through an amendment to a 2001 securities law.

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Black Swans Are The Sandbox Of New Innovations

PYMNTS

At the time of the black swans in 2001 and 2008, it was hard to tell anything positive was coming out of them. The business model isn’t completely figured out, or the technology to support it isn’t there, or people aren’t ready socially. But when the dotcom bust happened in 2001, our innovations also died.

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Elavon Spends $300M For Sage Pay

PYMNTS

Elavon was acquired by US Bancorp in 2001 for $2.1 This acquisition brings tremendous talent and leading technology to Elavon, which can be leveraged across the European market.”. Last year , the Bank of England (BoE) revamped its payments system and was expected to connect with FinTech firms using distributed ledger technology (DLT).

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PingPong To Enter Europe Via $113M Investment

PYMNTS

Luxembourg had already passed a bill to legally issue “dematerialized securities” in April 2013 through an amendment to a 2001 securities law.

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How Gift Certificates Evolved From Paper To Wearables

PYMNTS

That bit of technology came in handy for, say, deducting the amount of a purchase from a card’s value. We produced a small sampling for the stores in Salt Lake City,” Ron Goade, president of SSI Technologies , said on its website. Compared to traditional paper gift certificates, gift cards were a plastic card with a magnetic stripe.

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Why Data Centers Will Be FIs' Dodo Bird In Five Years’ Time

PYMNTS

In an interview with Karen Webster, Vijay Oddiraju , founder and CEO of Volante , said that technological agility is critical to creating efficient (and fast) payment systems as FIs pivot to meet the expectations of consumers and enterprises. The modernization roadmap for FIs has changed since 2001, the year of Volante’s genesis.

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