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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. As reported this past week in the Cleveland Scene , one of Cleveland’s largest blockchain firms, Votem , shuttered doors abruptly amid a lack of funding.

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Fed Sees Possible Path To ‘Direct Issuance’ Of Digital Dollars

PYMNTS

Cleveland Federal Reserve President Loretta Mester said in a speech this week that a digital dollar could conceivably be a form of money transfer that would enable the Fed to disburse money to all individuals in America. Notably, China’s central bank is already developing and testing a national digital currency in the Asian nation.

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Google Pay Now Supports Cards From 13 More US States

PYMNTS

In the Midwest, the new banks reportedly include the Educational Community Alliance Credit Union in Ohio, the MidAmerica National Bank in Illinois, the Republic Bank of Chicago in Illinois and the State Bank of Waterloo in Illinois. The technology would let people send money to each other by scanning their phone screens.

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Upscale restaurant chain hit by POS breach: Krebs

Payments Source

Cleveland-based Select Restaurants Inc., a national chain of upscale restaurants and bars, has experienced a breach exposing customers’ payment card data through point of sale technology, according to data security expert Brian Krebs.

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Google Pay Adds 29 US Banks To Mobile Payment Service

PYMNTS

First National Bank of Milaca. Greater Cleveland Community Credit Union. Lamar National Bank. First Bank of Boaz. First Central Credit Union. Grand Savings Bank. Greenleaf Wayside Bank. Hatboro Federal Savings, FA. Hometown Community Banks. Iowa Falls State Bank. Journey Federal Credit Union. Lakestone Bank & Trust.

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Oracle’s three modes of Progressive Transformation

Celent Banking

KeyBank , based in Cleveland, announced at Open World that it intends to use non-core systems components of Oracle Banking Platform (“OBP”) to enhance and modernize its mobile and online channels. National Australia Bank’s new entity, UBank , is a digital-only bank that NAB created as part of its bank transformation using OBP.

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Retail Enabler: CardinalCommerce Protects SMBs From Holiday Fraud

PYMNTS

Black Friday and Cyber Monday sales continue to increase year over year — while some project online holiday sales at $98 billion, new estimates from the National Retail Foundation project that this year’s online holiday sales could reach $117 billion. ‘Tis the season … to be very, very wary of phishing and other types of fraud.

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