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Former Visa Head To Lead Bank Of New York Mellon

PYMNTS

The Bank of New York Mellon announced Monday (July 17) that it named Charles W. In a press release announcing the news, the company said Scharf, who was most recently CEO and director of Visa, will become chairman of the board of directors effective January 1, 2018.

New York 100
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Bitcoin Daily: Bakkt Trust Crypto Platform Gets Trust License In NY

PYMNTS

The New York State Department of Financial Services (DFS) announced that it has granted a charter under New York Banking Law to Bakkt Trust to operate as a limited liability trust company. This approval demonstrates New York’s competitiveness as a hub of innovation and leadership in emerging technologies.”.

Bitcoin 165
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BlueCart Acquires Sous To Boost Mobile Procurement For Restaurants

PYMNTS

According to BlueCart CEO Konstantin Zvereff, the acquisition will help restaurant owners gain access to more hospitality solutions — such as technology innovations in the cloud and through mobile app developments such as mobile order-ahead — especially in New York City, where BlueCart is experiencing significant growth.

Mobile 151
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FinCEN and OCC address cryptocurrency: responsible innovation and pervasive hype

CFPB Monitor

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 “.

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How MasterCard Vets Innovation

PYMNTS

From hackathons to startup pitches, startup accelerators and innovation labs, there are no shortage of ideas – and, it seems, the money to keep a steady stream of them flowing. McLaughlin shared that framework with the assembled crowd at the “ Matchmakers” book launch in New York last week. McLaughlin said.

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Lightspeed Buys Restaurant POS Upserve To Strengthen Hospitality Offering

PYMNTS

The merger between the two companies will expedite product innovation and help advance the analytics-driven commerce platform of Lightspeed. The combination, according to the release, will offer a new competitive method for small restaurants to help navigate the complex new restaurant world brought on by the pandemic.

New York 187
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CFPB’s 2020: Drawing A Bead On Abusive Practices — And States’ Activities

PYMNTS

Now, under the current leadership of Kathy Kraninger, the more explicit definitions that seek to address what some critics had said were “vague” may curb the scope of what is considered abusive practices. We need some examples of things that are abusive, but not unfair or deceptive.”.

New York 179