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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. Digital dollars could make the leap from concept to reality, but there might be a few ways to get there.

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Google Pay Adds 29 US Banks To Mobile Payment Service

PYMNTS

Greater Cleveland Community Credit Union. Security Bank (NE). The system lets customers make online or in-store payments, all using the mobile app. Community Bank of the Bay. Community First Credit Union (OH). Evans Bank. Federated Bank. First Bank of Boaz. First Central Credit Union. First National Bank of Milaca. McClain Bank.

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SMEs Severely Dissatisfied With eLending Experience – Fed

PYMNTS

But Federal Reserve Bank of Cleveland senior policy analyst Ann Marie Wiersch told Forbes in an interview that bank lending to small businesses is still struggling. Among the most common complaints for online lenders included “high interest rates, unfavorable repayment terms and lack of transparency,” the report wrote.

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Oracle’s three modes of Progressive Transformation

Celent Banking

Suncorp in Australia has started the process of moving off its Hogan core by focusing on unsecured lending; its next stop will be secured lending. 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.

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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. That’s where CardinalCommerce comes in.

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Are Fortnite Concerts The Future Of Live Music?

PYMNTS

There are many wild stories in the annals of concert history: Ozzy Osbourne biting the head off a bat; Hells Angels handling security (with deadly results) at Altamont; or Jimi Hendrix lighting his guitar on fire on stage. Such expect-the-unexpected environments are a big part of the draw for some concert attendees.

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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. The online retailer also said it sold more Amazon devices, such as the Fire TV Stick and the Echo Dot, than ever before. and closed at $204.87. Payroll Fraud Could Cost KeyCorp $90M.

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