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Blockchain’s Inroads Through National Frameworks And Trade Finance

PYMNTS

Blockchain is increasingly being separated from cryptocurrency, with an eye toward disparate use cases — some done at the national level. The newswire said that Berlin exists as a “hub” for the industry, where roughly 10 startups focus on blockchain, and end markets span energy, pharma and transportation.

National 161
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Payroll Fraud Could Cost KeyCorp $90M

PYMNTS

Regional banking firm KeyCorp disclosed a massive instance of fraud on Tuesday (July 16) that could potentially cost $90 million, according to a report by CNBC. In a K-8 filing, KeyCorp, which is based in Cleveland, said the fraud involved a “business customer” and that it was discovered “on or about” July 9. Shares fell on the news.

Fraud 142
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Community banks most likely to approve small business loans

Abrigo

According to a recent survey from four Federal Reserve Banks, small regional and community banks have the highest approval rate for small business loans. The 2014 Small Business Credit Survey was a joint operation conducted by the Federal Reserve Banks of New York, Atlanta, Cleveland and Philadelphia.

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Visa’s PayWorks Acquisition, Amazon’s Prime Day Top This Week’s News

PYMNTS

Cleveland-based regional banking firm KeyCorp disclosed a massive instance of fraud that could potentially come at a cost of $90 million. PayPal is rolling out international digital money transfer service Xoom in the United Kingdom as well as 31 markets spanning Europe. and closed at $204.87.

Cleveland 128
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Fizzle Of The Week: Economic Cooperation (The Trade Kind, That Is)

PYMNTS

There was the fizzle of the stock market – measured by volatility and whipsaws, which nobody liked or likes. It’s not the conventional definition of national security.”. National security might, we think, also include things like job security and wages and, of course, the stability of the consumer’s pocketbook.

New York 101