The information you need to start your day, from PaymentsSource and around the Web: Samsung stories: Samsung has filed a patent in South Korea for a story feature that would be part of Samsung Pay. Users would share purchases and rate businesses such as restaurants. The Verge reports Samsung may also hire celebrities to market…
Read more
The information you need to start your day, from PaymentsSource and around the Web: Not stressed enough? U.K. banks are prepared to weather myriad economic risks, including a “hard Brexit,” but may be overestimating their ability to limit losses due to payment startups and open banking, reports The Express on the Bank of England’s 2017…
Read more
Paytm Payments Bank is targeting to become the world’s largest digital bank with 500 million bank accounts and aims to turn into an integrated financial services company that offers everything from wealth management to share trading. “We are unveiling our money market fund, launching our debit card and we’ll have the capabilities to allow enterprises…
Read more
The Independent Community Bankers of America has filed a lawsuit against Equifax in hopes of compensating small banks for a recent data breach that potentially affected more than 140 million people. The ICBA, which filed its lawsuit in U.S. District Court for the Northern District of Georgia, said in a press release that it wants…
Read more
The financial industry has long been plagued with limited digitalization and modernization. Though all banks use quality software systems today, many have yet to embrace the latest round of innovation – artificial intelligence.
In what was an eventful holiday weekend, we look into the historic Bitcoin valuation and what the deal is between the CFPB and the president.
While Adobe Holiday Insights has predicted that the 2017 holiday season may be the first to break the $100 Billion mark in online sales, it’s not all good cheer for merchants. The larger volume of sales in November and December, especially around peak dates such as Black Friday and Cyber Monday, is always followed by…
Read more
The information you need to start your day, from PaymentsSource and around the Web: End of net neutrality nears: Ajit Pai, FCC chairman, has announced a plan to remove regulations designed to govern equal access to the internet, commonly called net neutrality. The New York Times reports the FCC will vote on Dec. 14 on…
Read more
Richard Cordray is not going out meekly. A week before he is due to resign, the director of the Consumer Financial Protection Bureau sent a letter to 29 chief executives at banks, credit unions and other financial companies, urging them to help consumers exert more control over credit cards, debit cards and other payment methods.…
Read more
Last week we saw a new leader of the Office of the Controller of the Currency voted in.