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The United States May License Bitcoin and Cryptocurrency Exchanges

Bank Innovation

The Acting Comptroller of the Currency of the United States, Keith Noreika, has stated that he is considering imposing a nationwide licensing program for cryptocurrency exchanges, similar to the licensing program recently enacted in Japan.

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Getting real about real-time payments in the United States

Accenture

Working directly with our financial services clients on strategic, operational and technical issues, he is on the front lines of the evolution of real-time payments. Instant payments are also top-of-mind as customer experience becomes the currency of competitiveness in retail and commercial payments. Playing catch-up. It is a hydra.

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HSBC Weighs Shutting US Retail Banking Unit

PYMNTS

retail banking operations after four decades trying to build a strong presence in the country, the Financial Times (FT) reported. FT based its report on unnamed sources, stating the bank is weighing "a complete exit from retail banking in the U.S. The situation is serious enough that exiting retail banking in the U.S.

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Promethium Subsidiary Receives First FINRA-Approved Digital Asset Custodianship

Perficient

The approval allows Promethium to custody digital asset securities on behalf of both retail and institutional clients. Secondly, as a qualified custodian, which is what the SPBD classification offers, subjects Promethium to provisions of the landmark United States Exchange Act of 1934. The significance of this is two-fold.

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Google Goes Global With Free Retail Ad Initiative

PYMNTS

Retailers across Europe, the Middle East and Africa will be able to post ads for free on Google’s Shopping tab starting in mid-October. 30), the tech and search engine giant said it is expanding its free ad initiative to other regions around the world after a successful debut in the United States earlier this year.

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European Mall Operator Citycon Works On BOPIS Service

PYMNTS

To enable customers to shop from the complete selection of multiple mall offerings and retrieve their purchases from one place, European mall operator Citycon is creating a buy-online-pick-up-in-store (BOPIS) service. Citycon runs 40 shopping centers throughout Estonia and the Nordic nations, Bloomberg reported.

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Ascena Retail Group Considers Bankruptcy Filing

PYMNTS

With the pandemic putting its business into a state of disorder, Lane Bryant and Ann Taylor owner Ascena Retail Group is reportedly in talks with lenders about a possible bankruptcy filing. Most of the roughly 2,800 retail locations of Ascena are still shuttered. The retailer foresees closing approximately 230 of 687 stores.

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