We’ve found that it’s harder than it should be to obtain a current list of the biggest banks by asset size, so we decided to put it here for easy access. No need to go digging through a database. Here it is.
As gas stations add EMV-chip card acceptance at the pump, they will also find themselves rebuilding systems for loyalty programs and special offers that were reliant on their older hardware. And the clock is ticking. The card brands set an October 2020 deadline for the EMV liability shift at pumps, delaying it from an earlier…
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We’ve found that it’s harder than it should be to obtain a current list of the biggest banks by asset size, so we decided to put it here. These numbers come from the FDIC in March 2018.
BBVA has started testing a facial recognition payment application for employees to use at cafeterias and restaurants at the Ciudad BBVA office and business conference complex in Madrid. The mobile app is powered through technology from startup Veridas, which was a joint venture last year of BBVA and Das-Nano. Restaurant partner Sodexo Iberia is also…
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Nacha has completed the third and final phase of the faster payments launch, requiring banks and credit unions to make Same-Day ACH funds available to depositors by 5 p.m. in local time. Prior to the third phase of Same Day ACH, the receiving depository financial institutions were required to have funds available by the end…
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This coming April, all major American credit card companies will become signature-optional, meaning merchants won’t need to require users to provide a signature in order to complete a credit card purchase. The move is hardly a radical change, but is a signal that the U.S. is catching up to the U.K. and Canada when it…
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The information you need to start your day, from PaymentsSource and around the Web: Google Pay digs deeper Now that Google has merged its Android Pay and Google Wallet apps into Google Pay, it is taking steps to expand the app’s capabilities. A new version of the Google Pay app gets access to the user’s…
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Jeff Bezos changed the way America shops. Now, he wants to change how it pays for things. With a foray into financial services, Amazon.com could disrupt the decades-old card payments system, a move that some say could save the retailer $250 million a year in swipe fees. That could be bad news for the likes…
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BI Intelligence This is a preview of a research report from BI Intelligence, Business Insider’s premium research service. Click here to learn more. A revolution in payments and banking is beginning as virtual assistants like Siri and Alexa gain the abilities of cashiers, personal shoppers, and bank tellers. Already, Siri can help users make peer-to-peer…
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Technologies associated with IoT are inexpensive, low powered and frequently based on common soft- ware platforms. Recent rapid development in the automotive/haulage industries allows the integration of this tech into cars/trucks. These developments have coincided with the simultaneous rise in fintech with the use of technology supporting financial services such as payments, fostering a commonality…
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