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Bump On The Road To National FinTech Charters?

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The news came Thursday (May 2) that, per a ruling in federal court in New York, the State Department of Financial Services can move forward with a suit that looks to derail national bank charters for FinTech companies. The national licenses would let FinTechs lend money and paychecks to consumers. lakh (roughly $1.6

National 165
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Nacha Provides Guidance On Voice Payments, Cybersecurity

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The Payments Innovation Alliance, a membership group that includes financial institutions (FIs) and payment providers, has released “ Voice Payments: An Introduction and Overview ,” designed to deliver information on conversational payments and enabling technologies, including voice assistants and smart speakers.

Payments 220
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eWallets Don’t Make Money, Says Mandiri Capital Chief

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The CEO of PT Mandiri Capital Indonesia, the venture capital arm of PT Bank Mandiri, said the only way digital payment platforms can ever make money is by acting as a sort of portal into other services, otherwise it’s “just a cash-burning exercise,” according to reports. NEN already uses the payments solution on 400 of its machines.

Capital 141
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Big Tech Increasingly In Regulators’ Spotlight — And Crosshairs

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More regulations are in the offing, as reported in ZDNet , which in an overview noted that the call by companies such as Google and Facebook last year for a national data privacy law was seconded, in a way, by the U.S. Businesses that are built and invested in and become successful because of their innovation.”.

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Building A Digital And Subscription Community For Hockey Parents

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To help hockey players stay up to date on the latest sports equipment, eCommerce innovator the PenaltyBox offers subscription boxes comprised of a myriad of hockey essentials, from well-known brands to up-and-coming companies the PenaltyBox team tests themselves. The third might be an energy product like bars, gel, or gummies.

Community 161
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Red Envelopes, Fortnite And The Rise Of Micro Money Laundering

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The country’s holiday tradition of people giving red envelopes stuffed with cash has — as befits a nation where consumers have embraced mobile payments and commerce more than just about anywhere else — turned digital. A demonstration of that truth came around again recently with the observance of the Chinese New Year in early February.

Examples 194
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Deep Dive: Why Smart Cities Should Get Smart About Digital ID

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Many consumers already use connected devices that track exercise activity, sleeping habits or blood pressure, indicating that they are already collecting health data without much additional effort. Several other nations are also experimenting with national ID systems. Idaho, Colorado, Maryland and Washington, D.C.,