PYMNTS

JANUARY 25, 2021

The Reserve Bank of India (RBI) is exploring making a digital currency, a reversal of its prior position, according to a report from Cointelegraph. 25), said the bank is “exploring the possibility as to whether there is a need for a digital version of fiat currency,” the report stated, adding that it would put one into use if necessary.

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PYMNTS

JUNE 11, 2020

Singapore-based cross border-payments platform TranSwap will partner with Currencycloud , which provides B2B embedded cross-border solutions, to let businesses collect and hold numerous currencies in the U.S., EU and other countries, a press release states.

Regional 249

Regional Payments Management Marketing 249

PYMNTS

NOVEMBER 24, 2020

At 6:31 pm EST, the digital currency still hit high, sitting at $19,083.92, as the coin approaches its record price of $19,783, which it hit in December of 2017. Square and PayPal have reportedly been a major instigator in the price rally, buying large quantities of the digital currency. Bitcoin continued its price climb today (Nov.

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Bitcoin Lending cryptocurrency Capital 339

Accenture

SEPTEMBER 23, 2022

Central bank digital currency (CBDC) has met with sustained skepticism, in particular from certain financial institutions. Opponents fear it may disrupt the banking system and undermine existing banks’ business models. We believe the net effect of a CBDC….

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Perficient

DECEMBER 21, 2023

Earlier this year, the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Fed), and the Federal Deposit Insurance Corporation (FDIC) unveiled a proposed rule that would reshape the landscape for certain financial institutions. Email: Send your comments to regulationshelpdesk@gsa.gov.

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DC FDIC Washington Compliance 221

PYMNTS

JUNE 2, 2020

The rewards are made with Pluton, the native digital currency of the company. In other news, Poolin, a bitcoin mining pool, is growing its financial services and digital currency lending verticals, CoinDesk reported. The pool said it has begun working with BlockFi , a digital currency lender based in the United States.

Bitcoin 283

Bitcoin Lending United States Online 283

PYMNTS

AUGUST 16, 2020

China’s Ministry of Commerce is moving forward with its plan for a digital currency, according to a report by The Wall Street Journal (WSJ). The bill originally set out to distinguish digital assets from securities.

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PYMNTS

NOVEMBER 15, 2020

Bank of England Deputy Governor Jon Cunliffe said it isn't his job to shield banks from the coming shift to digital currencies, Reuters reported. Cunliffe said it isn't the BoE's job "to protect bank business models,” Reuters reported. He said it has "huge implications" on payments as well as the general way society would operate.

Innovation 259

Innovation National Regulation Report 259

PYMNTS

DECEMBER 2, 2020

Visa will provide a credit card that allows companies to make and get payments with the digital currency via the card once Circle graduates from Visa’s Fast Track initiative. This will be the first corporate card that will allow businesses to be able to spend a balance of USDC,” Cuy Sheffield , head of crypto at Visa, said in the report.

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Let's Talk Payments

SEPTEMBER 17, 2016

Giftbit’s Ecommerce Currency platform to change the way online businesses approach marketing TechCrunch Disrupt, San Francisco, CA ­ September 13, 2016 –­ Giftbit today announced the launch of the Giftbit Ecommerce.

San Francisco 40

San Francisco Online CA Marketing 40

PYMNTS

NOVEMBER 3, 2020

“This new financing will help us to accelerate the development of the company both in terms of products, with the addition of local currency accounts, payment card, integration with accounting software, and geographically, as we will target new markets in South-East Asia,” Statrys Founder and CEO Bertrand Theaud said in the announcement.

Payments 263

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PYMNTS

JUNE 25, 2020

It will be easier for New York cryptocurrency businesses to launch in New York, thanks to a plan by regulators that would ease licensing rules. The existing licensee would provide the startup with the operational, staffing, and other support until it can obtain a full DFS virtual currency license.

New York 240

New York cryptocurrency Regulation Innovation 240

PYMNTS

MAY 1, 2020

Any business that trades internationally or manages a global workforce will be familiar with the pain points of traditional cross-border wires and bank transfers. ” This is the challenge that Gilded aims to address with its services that enable corporates to issue invoices and accept crypto and digital currencies on those bills.

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cryptocurrency Payments Cards Bitcoin 172

PYMNTS

NOVEMBER 25, 2020

The Federal Ministry of Finance in Nigeria is said to be in discussions with the securities watchdog in the country to create a new digital currency and blockchain structure, Cointelegraph reported. As it stands, bitcoin and other digital currencies are seeing increasing use in Nigeria.

Bitcoin 276

Bitcoin blockchain Groups Security 276

PYMNTS

JANUARY 10, 2020

China’s central bank, the People’s Bank of China (PBOC), said it has completed the “top-level” design of its proposed digital currency, according to reports. Mu Changchun, the head of the digital currency research institute at the PBOC, said the focus will be on “stability, security and control.”

Training 257

Training Regulation Industry Mobile 257

PYMNTS

MAY 21, 2020

The tipping point might be nigh for digital dollars and other central bank-issued currencies done through bits and bytes. Patent and Trademark Office that would create a digital currency underpinned by blockchain technology. A central entity may implement a monetary policy and issue currency.

United States 244

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PYMNTS

SEPTEMBER 29, 2020

The agency has been conducting its "Innovation Hours Program" since May, in which it invites businesses to present new products and services that are being adopted in the finance world. Blanco said the organization is looking at mitigating risks with virtual currencies. 1 and Sept. 12, Blanco said.

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Payments Source

OCTOBER 30, 2019

In launching a new international account for its business clients, Starling Bank is converting the bank's debit card to support payments in either pounds or euros.

Cards 69

Cards Payments 69

PYMNTS

JANUARY 21, 2021

Shenzhen will be continuing China’s digital yuan pilot program by issuing the digital currency to citizens, according to a report from XinhuaNet. million) sent out in red envelopes for citizens to use to make purchases — and to promote the new form of currency, the report stated. There will be 20 million digital yuan (about $3.1

Report 202

Report Retail System Mobile 202

PYMNTS

SEPTEMBER 23, 2020

In today’s top news in digital-first banking, the Office of the Comptroller of the Currency (OCC) has issued stablecoin guidance, and Deutsche Bank intends to decrease the size of its brick-and-mortar footprint. Plus, Mesh Payments has launched a cardless payment offering that makes recurring and one-time payments easier. TravelBank, U.S.

Cards 214

Cards Payments Management Software 214

PYMNTS

APRIL 22, 2020

While the digital age has opened up doors for businesses to expand internationally, it’s a bit misleading to say that it’s easier than ever for small firms to step foot into new geographic markets. This is a challenge for many small firms in Hong Kong, a global trading hub where international ties are critical to business success.

Payments 240

Payments Management Resources Cards 240

PYMNTS

APRIL 23, 2020

Business payment and accounting solutions provider Gilded said that digital currency data provider CoinMarketCap has implemented its cryptocurrency payment technology, according to an announcement. Our solution puts digital currency payments and accounting on autopilot, so businesses can focus on innovation and growth.”.

Technology 195

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PYMNTS

DECEMBER 28, 2020

at online trading platform eToro , said in the report there are "storm clouds" on the horizon for the form of currency. Warnings of money-printing by global central banks, some of which began to show their own interest in digital currency, gave way to fears of inflation. Guy Hirsch , managing director for the U.S.

Regulation 250

Regulation Report Bitcoin cryptocurrency 250

Bank Innovation

DECEMBER 3, 2019

Citibank is speeding up cross-border payments for international business clients by eliminating the need for businesses to convert bill amounts to the currency of the recipient. Through a new tool called Global Collect that it rolled out in late November, Citi is eliminating a pain point for its global client base.

Payments 221

Payments Tools Customer Experience 221

PYMNTS

DECEMBER 23, 2020

Businesses also appear to be ramping up their hiring of these professionals, with 80 percent of U.S. businesses plan to expand their use of freelancers in the next few years. More and more of these workers want to be paid in their local currencies and they also expect these payments to be finalized swiftly.

Payments 270

Payments Study Examples Report 270

Banking Exchange

JANUARY 31, 2020

While traditional lending struggles with slow growth a niche lending business is experiencing huge momentum Bank Performance Revenue Blockchain Feature Financial Trends Management Feature3 Technology.

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Perficient

MARCH 27, 2023

The digital pound would be a British Central Bank Digital Currency (“CBDC”). What is Intended The Bank of England has publicly declared the digital pound would be exactly equivalent and exchangeable for fiat currency, and that both fiat pounds and digital pounds would be used for day-to-day spending and usable in-store or making payments.

US 294

US Management Innovation Technology 294

Chris Skinner

FEBRUARY 3, 2020

Things we’re reading today include … Goldman Sachs in Amazon talks over small business loans FCA: credit card firms must stop suspending all users in debt spiral Travelex: Bank currency services still offline after hack Only two women applied for Bank of England governor role Worldline to buy Ingenico for … The post Things worth reading: (..)

Cards 250

Cards 250

PYMNTS

MARCH 16, 2020

A new Goldman Sachs deal will allow more companies to work with with the wide swathe of businesses using SAP’s Ariba Network , which boasts trillions of dollars in commerce transactions annually, according to a press release. million companies in over 190 countries worldwide, which makes it the largest business network in the world.

Payments 247

Payments Company Technology 247

South State Correspondent

APRIL 4, 2024

Cyclical economic changes are driven by business cycles. Secular changes occur over many business cycles, tend to be slow-moving, and are more difficult to manage with business strategy. The Federal debt is already impacting banking. With time, these changes will only amplify.

Risk Management 195

Risk Management Community Bank Policies Community 195

PYMNTS

SEPTEMBER 21, 2020

As China prepares to debut digital currency, JD.com Inc., one of the biggest eCommerce businesses in China, has partnered with the central bank to advance the technology. CoinTelegraph.com reported the retailer has entered into a partnership with the Digital Currency Research Institute of the People’s Bank of China (PBoC).

DC 142

DC Video blockchain Technology 142

PYMNTS

DECEMBER 23, 2020

As reported by CNBC , the suit hinges on the contention that the crypto — the third largest as measured in terms of market value before a double-digit percentage slide in its value to 34 cents — is a security, not a currency, and thus is regulated by the SEC. “We XRP is a currency, as the DOJ and FinCEN determined in 2015.

cryptocurrency 234

cryptocurrency Security Bitcoin Regulation 234

PYMNTS

OCTOBER 15, 2020

It will function as a “gathering place” for those interested in digital currencies or those who start businesses in addition to researchers, expats and digital nomads. Meanwhile, the federal government is Nigeria is said to be creating a framework to allow for countrywide digital currency adoption, CoinDesk reported.

National 299

National Bitcoin blockchain cryptocurrency 299

PYMNTS

DECEMBER 24, 2020

“The pandemic is not altering how freelancers and contractors operate or their long-term earning potential, but it has highlighted the need for businesses to streamline the ad hoc payments experience,” per the new Playbook. Being paid in native currencies allows freelancers and contractors to receive their funds more easily.

Payments 241

Payments Examples Report Technology 241

PYMNTS

MARCH 26, 2020

Cross-currency money transfer firm Western Union has announced the launch of Digital Location, a new tool that enables people to send money from home. Money flows are a vital source of income for many of our customers, including our business clients and partners.

Video 286

Video Tools Risk Management Guidelines 286

PYMNTS

DECEMBER 3, 2020

Payment innovators are embracing the opportunities to mix payment rails old and new in search of business-to-business (B2B) solutions that can tackle longstanding friction. Visa To Use Card Rails For Digital Currency B2B Payments. The solution is made possible via CardUp's status as a Visa Business Payment Solution Provider.

Innovation 220

Innovation Payments blockchain Resources 220

PYMNTS

OCTOBER 18, 2018

At the time, Heinz Tännler, finance director of the canton of Zug in Switzerland, told reporters that the nation would clarify financial regulations on providing banking services to crypto businesses by the end of the year. At the same time, some traditional FIs are exploring how to work with cryptocurrencies in addition to fiat currency.

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