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.

Technology 195

Technology Customer Experience Data Training 195

PYMNTS

JUNE 29, 2020

The European Union (EU) is preparing to update its cryptocurrency rules that could make it more difficult for stablecoin projects, such as Facebook Inc.’s Last fall, the Libra Association petitioned the Swiss Financial Market Supervisory Authority ( FINMA ) for a Swiss payment system license for its planned cryptocurrency.

cryptocurrency 221

cryptocurrency Regulation Bitcoin Maine 221

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.

Bitcoin 258

Bitcoin cryptocurrency Course Boston 258

CFPB Monitor

MAY 31, 2022

On May 19, 2022, the Associate Director of the Enforcement and Compliance Division of the Financial Crimes Enforcement Network (“FinCEN”), Alessio Evangelista, spoke at the Chainalysis Links Conference in New York City on the topic of “The Intersection of Cryptocurrencies and National Security.” Responsible Innovation “.

cryptocurrency 146

cryptocurrency Innovation DC National 146

PYMNTS

AUGUST 18, 2020

Binance helped catch a purported cybercrime organization behind an alleged $42 million laundering effort, according to a statement from the cryptocurrency exchange. The joint effort began in July with data integration from the Gemport and Gebze terminals to the technology, which is based on blockchain. Moller – Maersk together.

blockchain 142

blockchain Operations Bitcoin cryptocurrency 142

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. […].

blockchain 199

blockchain Technology Boston Conference 199

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. Tencent is also currently looking for a leader of the research group.

cryptocurrency 131

cryptocurrency Company blockchain Exercises 131

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.

Bitcoin 222

Bitcoin cryptocurrency Online social media 222

PYMNTS

FEBRUARY 18, 2019

Cryptocurrency has come a long way since bitcoin’s emergence as an unregulated, anonymous payment technology. Perhaps the most poignant moment in this evolution came about last week when JPMorgan Chase announced the development of the JPM Coin, the first bank-backed cryptocurrency in the U.S.,

cryptocurrency 175

cryptocurrency Payments blockchain Compliance 175

PYMNTS

SEPTEMBER 18, 2020

Combining these elements, we are creating a broad platform with faster technology and smarter and better services that the industry can trust as a foundation for innovation towards their own end-clients," he added. EVO Payments Wields Visa Rails for Merchants. VSoft Debuts Real-Time Platform. BitPay Secures Wyre Integration.

Innovation 291

Innovation Payments cryptocurrency Cards 291

PYMNTS

MAY 18, 2020

JCB, one of the biggest credit card operator in Japan, has also worked with blockchain before, partnering with U.S.-based Keychain Core was rolled out last September, earlier than expected, as reports suggested that kind of technology wouldn’t be available for another few years. based Paystand for a B2B payments system.

blockchain 287

blockchain System Payments cryptocurrency 287

PYMNTS

SEPTEMBER 18, 2018

EOS refers to “a decentralized operating system [that] is developed to support decentralized applications in commercial scale by providing them [with] all the essential support and features,” as per one common definition. The EOS token is taken as a cryptocurrency in ICO.”. Bitcoin , however, is far behind, taking 17th place.

Security 186

Security cryptocurrency blockchain Bitcoin 186

PYMNTS

MAY 20, 2020

Blockchain-based lodging reservation platform Travala.com has unveiled a merger with TravelbyBit, a Binance-backed “cryptocurrency-friendly” flight reservation site, according to an announcement on Wednesday (May 20). ” The firms will cross-market each of their travel services as the initial step of the merger.

Bitcoin 131

Bitcoin blockchain Operations cryptocurrency 131

PYMNTS

MAY 6, 2020

Irish bitcoin ATM operator Boinnex found itself facing roadblocks from Allied Irish Banks (AIB), which shut down its account and said it didn’t want to deal with an unregulated form like cryptocurrency, according to CoinDesk. Cryptocurrency still isn’t recognized by the Central Bank of Ireland as a legitimate form of payment.

Bitcoin 175

Bitcoin cryptocurrency ATM blockchain 175

PYMNTS

OCTOBER 27, 2020

HIVE Blockchain Technologies, Riot Blockchain and Marathon Patent Group are on the uptick, according to the report, which was published early Tuesday (Oct. UNICAS, as the joint venture is known, will create the first “crypto-friendly financial institution” with brick-and-mortar buildings and operations. 27) afternoon Eastern Time.

Bitcoin 267

Bitcoin Industry blockchain cryptocurrency 267

PYMNTS

JULY 24, 2020

Since then, the financial technology (FinTech) company has expanded its portfolio to also offer business banking. with an app and debit card, expanded into cryptocurrency trading with Paxos Trust Co., Founded in 2015, Revolut began by offering prepaid debit cards that allowed users to avoid foreign exchange fees while traveling abroad.

San Francisco 255

San Francisco Fintech cryptocurrency New York 255

PYMNTS

DECEMBER 11, 2020

AML automation is a breakthrough technology for many businesses, enabling them to be compliant with federal regulations while avoiding the tedious and expensive manual effort of inspecting every transaction for potential violations,” the Tracker states.

cryptocurrency 219

cryptocurrency Fraud blockchain Security 219

PYMNTS

FEBRUARY 20, 2020

People flying with Norwegian Air will soon be able to pay for their flights with cryptocurrency, according to CoinDesk. The plan was always to incorporate cryptocurrency as a form of payment for flights. The project garnered more than $20 million during its initial coin offering in 2017, raising the money in only a matter of moments.

cryptocurrency 183

cryptocurrency Bitcoin blockchain Groups 183

PYMNTS

JANUARY 1, 2021

Indian FinTech Cashaa and the country's United Multistate Credit Cooperative Society teamed up to launch what they say is the world's first cryptocurrency bank branch through a joint-venture bank called Unicas, according to a release. The operation also will provide traditional banking services, according to the backers.

Miami 201

Miami Bitcoin cryptocurrency Florida 201

Bank Innovation

JULY 1, 2019

For the financial services industry, Facebook’s new cryptocurrency, Libra, is yet another warning that digital technology is chipping away at the foundation of traditional business models. If bankers were reading the wires on June 18, they might have choked on the Libra news.

cryptocurrency 210

cryptocurrency Data Industry Technology 210

PYMNTS

JULY 15, 2019

billion is estimated to have been lost to cryptocurrency scams, thefts and fraud in the first quarter of 2019, and cybercriminals and scammers are not the only ones putting digital asset users at risk. Tackling such fraud issues requires cryptocurrency trading platforms to take a variety of approaches. More than $1.2 Low-Friction KYC.

cryptocurrency 193

cryptocurrency Fraud Security Bitcoin 193

PYMNTS

JANUARY 6, 2021

In other news, slot machine players may soon be able to play casino games using cryptocurrency, according to Bloomberg. IGT secured this patent to bolster its industry-leading patent portfolio in anticipation of any possible future direction in regulated gaming involving cryptocurrency,” company spokesman Phil O’Shaughnessy told Bloomberg.

Bitcoin 177

Bitcoin cryptocurrency Groups Technology 177

PYMNTS

NOVEMBER 9, 2018

Silver Miller — America’s leading cryptocurrency investor law firm — announced it has filed lawsuits against AT&T and T-Mobile on behalf of crypto asset holders who were allegedly victims of “SIM swapping.”

Mobile 172

Mobile cryptocurrency Fraud Security 172

PYMNTS

SEPTEMBER 29, 2020

With more countries and regions embarking on the modernization of their payments systems to capitalize on real-time technologies and customer demand, the market opportunity is significant,” said Paul Stoddart , Mastercard president of new payment platforms. Payments giant Mastercard, based in Purchase, N.Y.,

Payments 248

Payments System cryptocurrency Regional 248

PYMNTS

JANUARY 28, 2021

With more emerging use cases and an increasingly accepting regulatory landscape, cryptocurrencies are gaining traction in new areas of the market, and corporate treasurers want in. Initially, businesses began to dabble in crypto with an experimental approach to the technology. But it may not be smooth sailing ahead.

cryptocurrency 212

cryptocurrency Management Tools Leadership 212

Bank Innovation

NOVEMBER 16, 2018

And for banks, making sure regulatory and security compliance is met on each technology undertaking only makes those costs larger. Innovation is expensive. But innovation is a must for banks, who are not only competing with fintechs like neobanks, PFMs, and payment companies, but also with the likes of Amazon, Google, and even Walmart.

Innovation 150

Innovation Technology Google Compliance 150

Bank Innovation

NOVEMBER 16, 2018

And for banks, making sure regulatory and security compliance is met on each technology undertaking only makes those costs larger. Innovation is expensive. But innovation is a must for banks, who are not only competing with fintechs like neobanks, PFMs, and payment companies, but also with the likes of Amazon, Google, and even Walmart.

Innovation 150

Innovation Technology Google Compliance 150

PYMNTS

JANUARY 22, 2020

Square , the payments provider operated by Twitter CEO Jack Dorsey, won a patent to debut new tech, allowing users with different assets to transfer payments, including crypto-to-fiat transactions. Letting crypto-to-fiat payments flourish will give cryptocurrencies a boost. Square also announced on Tuesday (Jan.

System 162

System Payments Bitcoin cryptocurrency 162

Vitalik Buterin

NOVEMBER 22, 2019

In 2014, I made a post and a presentation with a list of hard problems in math, computer science and economics that I thought were important for the cryptocurrency space (as I then called it) to be able to reach maturity. One of the largest problems facing the cryptocurrency space today is the issue of scalability.

cryptocurrency 143

cryptocurrency blockchain System Maine 143

PYMNTS

OCTOBER 16, 2019

Mastercard has outlined its intentions with blockchain after its high profile exit from the Libra Association, a coalition of many successful companies meant to help guide and foster oversight of Facebook’s proposed cryptocurrency. The company said that a good portion of the 2,600 cryptocurrencies available right now don’t do that at all.

blockchain 151

blockchain cryptocurrency Operations Compliance 151

PYMNTS

FEBRUARY 26, 2019

Jamie Dimon, the CEO of JPMorgan Chase, said the bank’s new cryptocurrency, JPM Coin, could one day be used by consumers, according to CNBC. The bank became the first to create its own cryptocurrency earlier this month. The bank became the first to create its own cryptocurrency earlier this month.

cryptocurrency 175

cryptocurrency blockchain Bitcoin Payments 175

PYMNTS

FEBRUARY 25, 2019

Billionaire investor Warren Buffett said that he sees “no unique value” in bitcoin, the world’s biggest cryptocurrency, calling it a “delusion, basically,” according to a report from CNBC. This is not the first time Buffett has criticized the cryptocurrency; in 2018, he said it was “probably rat poison squared.”

Bitcoin 169

Bitcoin cryptocurrency United States blockchain 169

PYMNTS

DECEMBER 2, 2020

Facebook's cryptocurrency project on Tuesday (Dec. Diem Networks will operate the actual payments system, which will oversee a new currency called the Diem Dollar. “We Goodbye Libra and hello Diem. 1) unveiled a new name as it seeks to put some distance between itself and its powerful but controversial Big Tech sponsor.

cryptocurrency 156

cryptocurrency Regulation Compliance System 156

PYMNTS

APRIL 9, 2019

According to a report in Reuters , citing China’s state planner, the National Development and Reform Commission, the agency is facing mounting pressure from the government to control the cryptocurrency market and as a result, may move to ban bitcoin mining.

Bitcoin 187

Bitcoin cryptocurrency National Regulation 187

Perficient

JANUARY 31, 2022

A couple of weeks ago, Crypto.com, one of the fastest-growing cryptocurrency platforms, was hacked on January 17, 2022. Firms that implement security solutions that customers understand and appreciate will improve the overall customer experience as well as reduce operational risk. We shouldn’t be that surprised.

Security 294

Security Risk Management Knowledge Base Customer Experience 294

PYMNTS

NOVEMBER 25, 2019

Singapore-based BCB Blockchain announced that it has launched a $300,000 fund to support incubators and startup accelerators in the Philippines under the Department of Science and Technology (DOST). In other news, OKEx , the world’s largest futures cryptocurrency exchange, announced four major partners for OKB, its global utility token.

blockchain 154

blockchain cryptocurrency Bitcoin Industry 154

PYMNTS

SEPTEMBER 14, 2020

In addition, the transaction marks the first time ADB has completed a credit guarantee via distributed ledger technology, and also the first LC with a sell-down feature conducted on Contour, FinanceFeeds reports. The service was debuted in Indonesia initially, a country which boasts a tremendous 88 percent eCommerce adoption rate.

blockchain 302

blockchain Report Operations Innovation 302