PYMNTS

SEPTEMBER 25, 2020

Cleveland Federal Reserve President Loretta Mester said in a speech this week that a digital dollar could conceivably be a form of money transfer that would enable the Fed to disburse money to all individuals in America. Notably, China’s central bank is already developing and testing a national digital currency in the Asian nation.

Cleveland 330

Cleveland Massachusetts Boston Survey 330

PYMNTS

OCTOBER 9, 2020

The worldwide COVID-19 pandemic has accelerated cashless payments and highlighted the impact of technology on how money is exchanged, Jon Cunliffe , deputy governor at the Bank of England (BoE) and chair of a BIS committee on payments, said in a Reuters report on Friday (Oct. The Fed also launched an instant payment initiative in August.

Cleveland 262

Cleveland Boston Survey National 262

PYMNTS

FEBRUARY 20, 2019

Blockchain is increasingly being separated from cryptocurrency, with an eye toward disparate use cases — some done at the national level. As reported this past week in the Cleveland Scene , one of Cleveland’s largest blockchain firms, Votem , shuttered doors abruptly amid a lack of funding.

National 161

National blockchain Cleveland cryptocurrency 161

Celent Banking

OCTOBER 9, 2014

KeyBank , based in Cleveland, announced at Open World that it intends to use non-core systems components of Oracle Banking Platform (“OBP”) to enhance and modernize its mobile and online channels. National Australia Bank’s new entity, UBank , is a digital-only bank that NAB created as part of its bank transformation using OBP.

Cleveland 165

Cleveland Course Lending System 165

PYMNTS

DECEMBER 7, 2018

First National Bank of Milaca. Greater Cleveland Community Credit Union. Lamar National Bank. First Bank of Boaz. First Central Credit Union. Grand Savings Bank. Greenleaf Wayside Bank. Hatboro Federal Savings, FA. Hometown Community Banks. Iowa Falls State Bank. Journey Federal Credit Union. Lakestone Bank & Trust.

Google 130

Google Mobile Cleveland Iowa 130

PYMNTS

JULY 3, 2019

In the Midwest, the new banks reportedly include the Educational Community Alliance Credit Union in Ohio, the MidAmerica National Bank in Illinois, the Republic Bank of Chicago in Illinois and the State Bank of Waterloo in Illinois. The technology would let people send money to each other by scanning their phone screens.

Google 109

Google Illinois Cards Cleveland 109

Payments Source

MARCH 17, 2017

Cleveland-based Select Restaurants Inc., a national chain of upscale restaurants and bars, has experienced a breach exposing customers’ payment card data through point of sale technology, according to data security expert Brian Krebs.

Cleveland 60

Cleveland National Data Security 60