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Blockchain Technology Not Suitable for Visa’s Core Business

Bank Innovation

At the JPMorgan Technology, Media and Communications conference in Boston yesterday, Kelly said: Remember blockchain actually is not very good about facilitating low-value high-volume scale transactions, which is the core of what we do. […].

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Bitcoin Daily: BoE Economist Cites Benefits Of Digital Assets; Online Gamblers Choose Crypto To Cash Out; One Charged In $2M Crypto Theft

PYMNTS

Bank of England Chief Economist Andy Haldane advocated for the potential benefits digital currencies can offer in a recent speech given at TheCityUK 10th Anniversary Conference on Wednesday (Nov. Meanwhile, online gamblers are taking advantage of bitcoin’s surging prices to cash out their winnings in cryptocurrency, Bloomberg reported.

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Capstone Conference

Independent Banker

In 2015, the bank paid for 10 employees to attend the conference. Eleven employees—a mix of loan officers, underwriters and servicers; branch, operations and IT managers; and treasury services and human resources personnel—are going this month. It’s kind of neat to get people out of their normal routine. James Hegenbarth, Park Bank.

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P&G Reports 50 Pct Jump In eCommerce Sales, Sees Lasting Shift To Online

PYMNTS

Pointing to increased demand for premium products and continued lifestyle changes from the coronavirus, Procter & Gamble reported an 8 percent increase in total revenues Wednesday, led by a 50 percent increase in its online sales. Constructive Disruption.

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Upcoming Celent discussion at the American Banker Retail Banking conference

Celent Banking

Next week I will be moderating a panel discussion at American Banker´s Retail Banking Conference in Austin about the competitive pressures of community institutions. Consumers now expect a certain basic level of technological capabilities driven by their experiences across other industries. Even labor saving technology (e.g.

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[Perspective] Digital Account Opening: The Secret to Growth Amid Covid-19?

Perficient

Many banks have leveraged digital technologies like cloud computing, robotic process automation, artificial intelligence, and chatbots in response to Covid-19. Some of these solutions were set up in a matter of days, providing immediate results to drive operations forward. But broadly speaking, we haven’t changed our priorities.”.

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PayPal Closes On GoPay Acquisition, Enters China

PYMNTS

19) that the company has closed its deal to buy a majority equity stake in China’s GoPay (the formal, official name of the company is Guofubao Information Technology Co. The market is significant to say the least, as estimates peg online payments to account for several trillions of dollars. News came Thursday (Dec.

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