article thumbnail

Bank Of America Patent Details Wallet Security System

PYMNTS

To provide users with different levels of access to funds that are stored, Bank of America is reportedly aiming to patent a security system that is “partitioned” for crypto-wallets. As it stands, Bank of America is said to have won 36 applications for blockchain patents with 31 pending.

America 108
article thumbnail

Visa On Capturing The Digital Payments Opportunity In Latin America

PYMNTS

The advance of digital payments in Latin America over the last two decades has been slow when measured against other parts of the globe. The companies will tap into the collective capabilities of Visa’s real-time push payments technology and Visa Cloud Tokenization , a cutting-edge security capability launching alongside payments on WhatsApp.

America 180
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Bank of America to spend $3.7B on tech development in 2023

BankInovation

Bank of America is increasing its technology development spend 9% year over year in 2023 as the bank continues to invest in digitization. billion on technology development in 2023, up from $3.4 billion in 2022, Chief Executive Brian Moynihan said at the Bank of America Securities Financial Services […]

America 98
article thumbnail

Latin America Entices B2B FinTech Investors

PYMNTS

It was a big week for B2B FinTech startups in Latin America. “Latin America is a highly attractive growth market for us, and the acquisition of Omni will significantly expand our capabilities in this important region,” the firm’s Founder and CEO Lex Greensill said in a statement. Authenticiti. Remessa Online.

America 182
article thumbnail

Mastercard Grows Its Digital-First Card Program In North America

PYMNTS

As demand increases for digitally-driven money management solutions, Mastercard has expanded its Digital-First Card Program in North America. With the Digital First Card Program, we have designed a financial experience that mirrors the lifestyle of today’s generation, with simplicity and security as our guiding principle.”.

America 251
article thumbnail

Latin America Tries To Tackle Its Digital Security Problem

PYMNTS

But the recent thefts, along with other attempted and completed cyberattacks, demonstrate why payments officials in the region are expressing fresh concern about financial security there. Evidence of that comes from Swift’s Latin America Regional Conference , held earlier this month in Miami. Fraud is a Top Worry. Growing Awareness.

America 102
article thumbnail

Castles Technology Buys Spire Payments

PYMNTS

Global payment solutions provider Castles Technology has acquired Spire Payments , a provider of electronic funds transfer at point of sale (EFTPOS) systems, the company announced in a Thursday (Oct. He said the acquisition would add more choice for customers alongside new technical and security capabilities. 1) press release.