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Varo Achieves Milestone As First Consumer FinTech To Get National Charter

PYMNTS

Colin Walsh got lots of laughs five years ago when he talked of his intention to launch a financial technology (FinTech) startup. the San Francisco-based online bank, had the last laugh. On Friday (July 31), the Office of the Comptroller of the Currency (OCC) announced Varo Bank has been granted its full-service national bank charter.

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The Digital Evolution Of The Online Gaming Ecosystem

PYMNTS

The decision opened the floodgates to legalized sports betting – both in-person and online – in the U.S. All in, counting online and in-person wagers, Super Bowl betting was worth roughly $6.8 In a microcosm of the national expansion, New Hampshire’s newly online sports gambling program raked in $2.31

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Amid Changing Lifestyles, Homebuying To Continue Torrid Pace?

PYMNTS

To that end, and in terms of the data announced by the National Association of Realtors, existing home sales grew by 9.4 The Role of Technology . Technology may play a role, too, in feeding home-buying activity. percent in September over August, which equates to a seasonally adjusted, annualized rate of 6.5 million units.

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Sports Betting Moves Forward In The U.S. — With or Without ‘Integrity Fees’

PYMNTS

Meanwhile, states such as Kentucky, Connecticut, Illinois, Michigan, Indiana, Massachusetts, Maryland and others are making moves toward legalization, and via different methods. Iowa, for instance, is considering letting casinos and racetracks offer on-site and online wagering. Integrity Fees.

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Banks Fight Back Against ‘Fake Grandchild’ Scammers Who Target Seniors

PYMNTS

That might not seem much in a nation with some 50 million people over the age of 65, but that number of reported cases is double what it was five years ago, according to the federal agency. The ongoing rise of online retail also presents opportunities for criminals — especially when combined with a target’s vanity. But the U.S.

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Ohio Lottery Makes A New Bet on Mobile

PYMNTS

Not only do gift cards stand as the most popular holiday present, according to the National Retail Federation and other sources, but a Blackhawk Network survey found that “44 percent of consumers surveyed are interested in receiving a gift card to play the lottery, while 43 percent would be interested in giving a lottery gift card.”.

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From China With Love: AI, Robotics, AR/VR Are Hot Areas For Chinese Investment In US

CB Insights

At issue are concerns that such investments could help China expand its technological and military abilities. Which Technologies Chinese Investors are backing in the US. These deals flattened between 2015 and 2016, while China investment deals in 2017 could see a year-over-year drop of 38% at the current investment rate.

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