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Fed Sees Possible Path To ‘Direct Issuance’ Of Digital Dollars

PYMNTS

And as PYMNTS has previously reported , the Boston Federal Reserve has been working with the Massachusetts Institute of Technology to explore tech infrastructure. Notably, China’s central bank is already developing and testing a national digital currency in the Asian nation.

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Goldman, JetBlue Team Up On Installment Loan Product

PYMNTS

Marcus , the online-only consumer banking and lending arm of Goldman Sachs, offers personal loans with no late fees of up to $10,000, with rates ranging from 10.99 The deal follows JetBlue’s announcement that it has temporarily consolidated service in Boston, Los Angeles, New York City, San Francisco and Washington, D.C.

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Bringing The Farmers Market Online With Apps

PYMNTS

At the same time, Tortora noted the technology has been adopted by farmers markets nationally (the company white labels its product as well). The company recently launched its service in Boston, where producers have to be able to drive to the city within two hours. There is not a lot of noise like in Boston and New York.

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How The COVID-19 Pandemic Is Driving Remote Online Notarization?s Adoption

PYMNTS

These reasons are driving a surge of interest in and use of remote online notarization (RON) services, according to James Schlimmer , managing partner of Naples, Florida-based notary firm Cottrell Title & Escrow. The COVID-19 crisis has been a catalyst for RON adoption in the United States,” Schlimmer said in an interview with PYMNTS.

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Mastercard’s Threat Scan Helps Banks Detect Vulnerabilities

PYMNTS

As weaknesses in authorization systems can be exploited by online thieves, financial services firms are more vulnerable to hackers and get hit 300 times more often than other businesses, according to the Boston Consulting Group. The new service is being featured at the Mastercard Cybersecurity Summit in Croatia from Sept.

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Crypto 2020: One Step Up; Two Steps Back

PYMNTS

The Federal Reserve said this year that its Boston bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency. Department of Justice said in a report that rogue nations and other risks loom as exchanges are lightly (or not at all) regulated for cryptocurrency trading.

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Amazon Sidewalk Eyes IoT Beyond The Connected Home

PYMNTS

Amazon said in its announcement that Sidewalk will extend the low-bandwidth working range of such devices, with bandwidth sharing across neighbors representing a “network of networks” that will help devices stay online. But he noted that Sidewalk would “struggle to match 5G’s national coverage.”

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