PYMNTS

OCTOBER 9, 2020

Bitcoin and other cryptocurrencies are continuing to attract attention from authorities for all the wrong reasons. Justice Department report is taking aim at the “emerging threats and enforcement challenges” associated with digital currencies, establishing a “Cryptocurrency Enforcement Framework” to address problems.

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PYMNTS

NOVEMBER 19, 2020

While recognizing that digital currencies do pose risks, including the possibility of imposing “a macro-economic cost,” Haldane argued that a digital currency could mitigate technological constraints on lending, provide additional payments security, and increase stability. “I Freeman allegedly worked with five co-conspirators.

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Bank Innovation

NOVEMBER 22, 2017

EXCLUSIVE–With global payments service SWIFT gpi (global payments innovation) finishing up its first active year, how is SWIFT planning to push the service forward in 2018?

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Bank Innovation

SEPTEMBER 27, 2017

Fintechs are partnering with banks, banks are using blockchain technology, artificial intelligence, and cryptocurrency and financial regulation is still undergoing massive changes. 2017 has been a […].

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Bank Innovation

DECEMBER 29, 2016

Patent filings for blockchain technology have more than tripled since 2014; this spike includes patents filed by cryptocurrency exchanges such as Coinbase, payment processors like Mastercard, and banks like Goldman Sachs and the Bank of America.

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Bank Innovation

OCTOBER 16, 2017

Multinational tech mogul IBM is working with blockchain startup Stellar to establish a cross-border payment system, which will allow banks to use the technology. By using this technology, banks will be save both time as well as costs on the transfer process.

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Bank Innovation

MAY 3, 2018

The ways businesses, consumers, and even banks make payments are changing, as technologies like realtime payments and APIs make it easier to send money across the globe. But one technology seems curiously absent from recent payment innovation, and that’s blockchain. “We

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PYMNTS

SEPTEMBER 23, 2020

Senior citizens are the demographic group most vulnerable to identity fraud, as they are often not as digitally savvy as their younger counterparts nor as adept in online security best practices. Technologies like video onboarding and AI have shown promise in facing this threat, but each is vulnerable when deployed alone. billion ($8.9

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Abrigo

DECEMBER 10, 2024

Older adults are frequently targeted by various scams that exploit their trust, unfamiliarity with technology, and, sometimes, their social isolation. Romance scams: These scams involve fraudsters building online relationships with elderly victims, often through social media or dating apps.

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Abrigo

FEBRUARY 28, 2025

The technology used to perpetrate financial crimes may be changing, but these common fraud typologies aren't going anywhere. Variations include: Pig butchering scams Scammers build relationships with victims through social media or dating apps, persuading them to invest in cryptocurrency or other financial opportunities.

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South State Correspondent

MAY 9, 2022

The most significant problem with bank innovation is that bankers see or hear about a sexy piece of technology at a conference or at another bank and then acquire it. The new piece of technology ends up solving a known problem but, in the process, creates more problems, and risks, than it solves.

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Perficient

JANUARY 27, 2022

The American public has long held and transferred money in digital forms, including bank accounts, online transactions, or payment apps (i.e., While cryptocurrencies have been widely invested in as a commodity equivalent, none have been widely adopted as a means of payment. Venmo and Paypal).

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Bank Innovation

MARCH 7, 2018

EXCLUSIVE–The potential use cases of blockchain technology in banking continue to captivate bankers, but topics like cryptocurrency and Initial Coin Offerings, or ICOs, may be losing a bit of their edge. This is according to a panel on the subject during Bank Innovation 2018, which wrapped up yesterday in San Francisco.

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Bank Innovation

JUNE 7, 2017

Bitcoin’s price continues to rise, and it’s starting to make the cryptocurrency world a little nervous. These past few months have seen the crypto’s price rise nearly 12% YoY, according to data collected by Coindesk, which has in turn swept up the price of other cryptocurrencies like ether and Ripple’s XRP.

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Abrigo

MARCH 15, 2022

Offering Digital Consumer and Commercial Accounts Benefits Financial Institutions Banks and credit unions that enable online/digital account opening win new customers and members and retain existing ones. . Takeaway 1 Many financial institutions are adding or improving online or digital account opening capabilities. .

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Abrigo

FEBRUARY 6, 2025

One particularly devastating variation of the confidence scam is " pig butchering ," a scheme in which scammers lure victims into fraudulent investments, most often in cryptocurrency, before disappearing with their funds. Verify the person's identity and use online tools to cross-check information.

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PYMNTS

DECEMBER 24, 2020

If 2020 taught us anything about cryptocurrencies, it’s that they’ve reached a tipping point. Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. Bitcoin, of course, exists as one of the most widely recognized cryptocurrencies. Building The (Retail) Use Cases.

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Bank Innovation

APRIL 28, 2017

The cryptocurrency hit a new all-time high yesterday, rising to about $1,343, while its younger cousin ether–the currency traded on Ethereum–also logged a new record when prices rocketed over $60. Bitcoin has, once again, smashed a record.

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PYMNTS

NOVEMBER 11, 2020

Meanwhile, hackers purportedly sought $11 million worth of cryptocurrency from Japanese computer gaming company Capcom in return for not providing illicitly gathered private data, CoinDesk reported.

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Bank Innovation

JUNE 6, 2017

The cryptocurrency-slash-enterprise […]. The top rival of “digital gold,” i.e. bitcoin, had a banner first quarter in 2017, with a $3.6 billion increase in market cap (just under a 500% increase, compared to bitcoin’s 11% increase for the quarter), according to data from Coindesk’s State of Blockchain report for 1Q17.

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Bank Innovation

MAY 17, 2018

At the JPMorgan Technology, Media and Communications conference in Boston yesterday, Kelly said: Remember blockchain actually is not very good about facilitating low-value high-volume scale transactions, which is the core of what we do. […].

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Bank Innovation

JUNE 22, 2017

The volatility of the cryptocurrency bitcoin is well-documented, but its cousin ether—the currency traded on the Ethereum blockchain(s)—is considered to be somewhat steadier.

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Bank Innovation

APRIL 17, 2018

Coinbase, one of the top cryptocurrency exchanges in the United States, has acquired Earn.Com in a deal valued at $120 million. The deal will also place Earn co-founder and CEO, Balaji Srinivasan, in the role of Coinbase chief technology officer, the first CTO the exchange has had. Other members of its team will also be […].

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TheGuardian

JULY 3, 2021

Related: Cryptocurrency scams triple in a year – at £27m total cost to victims I was absolutely distraught and knew that I had been scammed Continue reading. It seemed like a genuine connection.” Unfortunately for Evans, , that wasn’t the case. He hadhooked up with a scammer, who within a week had convinced him to hand over £20,000.

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Bank Innovation

APRIL 25, 2018

Cryptocurrency startup MobileCoin has just raised $30 million for the expansion of its technology, which will link the startup’s cryptocurrency network into mobile messaging applications such as WhatsApp or Signal.

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PYMNTS

DECEMBER 26, 2019

Chinese technology company Tencent has announced it’s going to start researching cryptocurrency and its implications for an ongoing project in blockchain, according to reports. China has the largest number of internet users in the world, with over 800 million people online, but the country also has strict censorship policies.

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Bank Innovation

SEPTEMBER 6, 2017

Joshua Klayman, an expert in the legal aspects of blockchain technology, confirms that new regulations are already changing the global cryptocurrency ecosystem. EXCLUSIVE – China just jumped on the bandwagon of governments regulating ICOs… by banning them. The question that experts can’t seem to agree on is: why?

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PYMNTS

JANUARY 3, 2019

Overstock , the online retailer and blockchain company, announced Thursday (Jan. We have long thought that thoughtful governmental adoption of emerging technologies such as cryptocurrencies (when accompanied by non-restrictive legislation over these technologies) is the best way to ensure the U.S. Ohio is the first U.S.

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Bank Innovation

JANUARY 2, 2018

Fintech Select, a financial technology firm based in Canada, has created a “physical bitcoin” product to pair with its “Selectcoin” cryptocurrency POS platform, the company said.

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PYMNTS

OCTOBER 26, 2017

Overstock.com is one of the most significant investors in the blockchain technology on which digital coins are based. The site accepts bitcoin as a form of payment and ranks among Google, Citi and Goldman Sachs as some of the major players in the cryptocurrency space. China banned ICOs in September. Medici reported a loss of $3.3

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PYMNTS

JUNE 14, 2019

In an effort to let shoppers make purchases on Amazon via Ethereum, CLIC Technology, Inc. The technology is powered by off-chain processing of assets that are on-chain, according to a press release from CLIC. and B2B platform Opporty are set to roll out a progressive browser extension. trillion by 2025.

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PYMNTS

DECEMBER 29, 2020

Whether it’s simple online purchases or banking, or more complex areas like cryptocurrency or money laundering, Trevor Wingert , a senior know your customer (KYC) and anti-fraud solutions consultant for GeoGuard , told PYMNTS that rapidly changing use cases and technology highlight gaps in the current security approaches being used. “So

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PYMNTS

DECEMBER 1, 2019

The Bank of Russia has voiced its support for a ban on cryptocurrency payments, saying that “private cryptocurrencies cannot be equated with fiat money and cannot be legal tender.”. “If And IBM has won a blockchain patent that would stop drones from stealing packages from consumers.

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PYMNTS

AUGUST 23, 2019

One common criticism of bitcoin and other cryptocurrencies is that — beyond the wild price swings and uncertain regulatory climate — the digital coins are not widely accepted by merchants on any grand scale. In simple terms, SPEDN processes transactions made with cryptocurrencies such as bitcoin, Ethereum and Litecoin, among others.

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Bank Innovation

JUNE 30, 2017

The couple — Becky and Austin, whose experiment with the cryptocurrency is documented in the film Life on Bitcoin, released yesterday by entertainment […]. That’s more of a challenge, according to this Utah County couple who tried paying for life’s necessities only in bitcoin.

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Bank Innovation

MARCH 22, 2017

Hard fork — the two words you need to start an on-going, industry-wide debate in cryptocurrency. Most of the time, the debate surrounds the history of Ethereum, and its old, but still contested, decision to hard fork in order to prevent the succession of a hack.

Bitcoin 270

Bitcoin cryptocurrency Industry blockchain 270

BankUnderground

FEBRUARY 20, 2020

Speculative buying can drive cryptocurrency prices down. Blockchain technology limits how quickly transactions can be settled. But the future value of cryptocurrency depends on its usefulness as a means of payment. During 2017, there was a surge in cryptocurrency speculation. Cryptocurrency has no fundamental value.

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