A step back in time takes you to a period when every banking transaction, account, and contract was done on paper. Every detail was managed by a person typing it in – the world of banking was long built on this process. It worked, but was highly inefficient. Let’s say, for simplicity, that you worked…
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The information you need to start your day, from PaymentsSource and around the Web: Real speed for virtual currency: Virtual currencies have lagged as an option for payments, existing mostly as an investment asset. PayPal suspects slow transaction speed is to blame, and has filed for a patent that would expedite cryptocurrency transactions through a…
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The information you need to start your day, from PaymentsSource and around the Web: This time it’s checks: Amazon is in discussion with JPMorgan Chase and other large banks about building a checking account for its consumers, reports The Wall Street Journal, citing unnamed sources. The talks are very early and may not lead anywhere,…
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The Payment Services Directive, or PSD2, will have a major impact on determining the scope of fraud, which will require retailers and payment service providers to step up their security risk management. Retailers and their PSPs will not want to exceed specific fraud levels to minimize the impact of Secure Customer Authentication on customers. Advanced…
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Natalie Bartholomew’s pet project is on its way to becoming a social media phenomenon. Bartholomew, chief marketing officer at Grand Savings Bank in Grove, Okla., created a blog called The Girl Banker last year to tout the accomplishments of women across her industry. Her Twitter feed is slowly gaining momentum, with more than 1,600 followers…
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