PYMNTS

NOVEMBER 24, 2020

Record sales following a massive staff reduction prompted point-of-sale (POS) restaurant technology (ResTech) startup Toast to hold a share purchase offering on an $8 billion valuation. The news comes after PayPal announced that will now let clients purchase, keep and sell cryptocurrency straight from their PayPal accounts.

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PYMNTS

DECEMBER 24, 2020

If 2020 taught us anything about cryptocurrencies, it’s that they’ve reached a tipping point. Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. Bitcoin, of course, exists as one of the most widely recognized cryptocurrencies. Building The (Retail) Use Cases.

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PYMNTS

SEPTEMBER 26, 2019

As a deep technology company with extensive intellectual property, including nine U.S. has created a global cryptocurrency (ASK) that enables consumer engagement. The Permission Marketplace operates like other major eCommerce platforms, connecting users with products from major retailers. Permission.io

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PYMNTS

DECEMBER 13, 2017

The commentary reflects the surging value of cryptocurrencies and how eager investors are to take part in the industry. 250 | The number of countries’ government-issued IDs that identity verification solutions provider Jumio’s technology can currently verify, including multiple generations of IDs from all 50 U.S.

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Bank Innovation

MAY 17, 2018

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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PYMNTS

JANUARY 1, 2021

Indian FinTech Cashaa and the country's United Multistate Credit Cooperative Society teamed up to launch what they say is the world's first cryptocurrency bank branch through a joint-venture bank called Unicas, according to a release. The operation also will provide traditional banking services, according to the backers.

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PYMNTS

DECEMBER 8, 2020

Many of these processes had begun to shift to digital channels within the past several years, however, and the health crisis has caused the online shift to pick up steam at an incredible pace. Brazil-based facial recognition and identification technologies provider Acesso Digital recently reported that more than 5.2

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PYMNTS

DECEMBER 11, 2020

AML automation is a breakthrough technology for many businesses, enabling them to be compliant with federal regulations while avoiding the tedious and expensive manual effort of inspecting every transaction for potential violations,” the Tracker states.

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Bank Innovation

NOVEMBER 16, 2018

And for banks, making sure regulatory and security compliance is met on each technology undertaking only makes those costs larger. Innovation is expensive. But innovation is a must for banks, who are not only competing with fintechs like neobanks, PFMs, and payment companies, but also with the likes of Amazon, Google, and even Walmart.

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Bank Innovation

NOVEMBER 16, 2018

And for banks, making sure regulatory and security compliance is met on each technology undertaking only makes those costs larger. Innovation is expensive. But innovation is a must for banks, who are not only competing with fintechs like neobanks, PFMs, and payment companies, but also with the likes of Amazon, Google, and even Walmart.

Innovation 150

Innovation Technology Google Compliance 150

PYMNTS

AUGUST 23, 2019

One common criticism of bitcoin and other cryptocurrencies is that — beyond the wild price swings and uncertain regulatory climate — the digital coins are not widely accepted by merchants on any grand scale. In simple terms, SPEDN processes transactions made with cryptocurrencies such as bitcoin, Ethereum and Litecoin, among others.

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PYMNTS

AUGUST 28, 2019

The Blockchain-as-a-Service (BaaS) model enables organizations to start using Kadena’s blockchain by quickly provisioning it online, significantly reducing the cost and time-to-market associated with the on-premise installation of other blockchain solutions. SEN allows our institutional customers to deposit and withdraw U.S.

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PYMNTS

DECEMBER 29, 2020

Whether it’s simple online purchases or banking, or more complex areas like cryptocurrency or money laundering, Trevor Wingert , a senior know your customer (KYC) and anti-fraud solutions consultant for GeoGuard , told PYMNTS that rapidly changing use cases and technology highlight gaps in the current security approaches being used. “So

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Banking Exchange

OCTOBER 14, 2019

Banks should not learn the wrong lessons, however Payments Technology Risk Management Financial Trends Cards Online Mobile Security Checks/Remote Deposit Capture Tech Management Operational Risk Compliance/Regulatory Cyberfraud/ID Theft Blockchain Fintech Feature Feature3.

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PYMNTS

DECEMBER 18, 2019

Industries that operate solely online are some of the most vulnerable to fraud, including that of online travel. Cryptocurrency is a popular target for cyberattacks. billion of cryptocurrency during Q3 2019, a year-over-year increase of 159 percent. Developments From Around The World Of Digital Fraud.

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PYMNTS

SEPTEMBER 16, 2020

And the central bank of the Bahamas will reportedly launch the Sand Dollar throughout the country next month following a test of the cryptocurrency on Abaco and Exuma in 2019, Bloomberg reported.

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PYMNTS

JUNE 27, 2019

According to data from CoinATMradar.com, cryptocurrency ATM manufacturer General Bytes has installed 69 new machines since the beginning of June, while Genesis Coin added 24 new BATMs, and Lamassu and Bitaccess added 13 and 11 cryptocurrency ATMs, respectively. percent. In other news, it was announced that the U.K.’s

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PYMNTS

JULY 6, 2020

Travala.com , the Binance-backed online trading agency, will be allowing travel bookings through Expedia paid for in cryptocurrency for the first time since 2018, according to CoinDesk. In other news, a subsidiary of cryptocurrency exchange Kraken in the U.K.

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PYMNTS

OCTOBER 8, 2018

Malaysia-based MyEG Services is rolling out a new payroll solution developed on blockchain technology. Existing services from the firm include retirement services for overseas employees, online work permit renewals and insurance solutions. Payroll is one of the many potential use cases for blockchain technology.

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Abrigo

DECEMBER 27, 2022

And while final numbers are still being calculated for 2022, bankers saw typologies exacerbated by the pandemic provide criminals with avenues for fraud while cryptocurrency scams surfaced more frequently. Business email compromise (BEC): Business email compromise (BEC) is one of the most financially damaging online crimes. Learn More.

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Bobsguide

AUGUST 25, 2022

Australian creative technologies business Two Bulls and Thailand’s Translucia Global Innovation are developing a Metaverse R&D Center in Australia. Located in Melbourne, Victoria, the US$100 million centre will be one of the largest in the world when operational. Australia to host US$100m Metaverse R&D Center. fintech .

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PYMNTS

MARCH 4, 2020

The Financial Crimes Enforcement Network (FinCEN) has fined Michael LaFontaine, former chief operational risk officer at U.S. FinCEN encourages technological innovations to help fight money laundering, but technology must be used properly.” . 10, with new regulations for cryptocurrencies, wallets and exchanges.

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FICO

MARCH 6, 2020

In 2014, I joined Tonbeller as Head of Sales & Channel Operations and became Management Board member shortly thereafter. In our experience these technologies can increase the number of SARs by 20% while at the same time producing efficiency gains of 30% in alert investigation and case management. How long have you been in the industry?

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PYMNTS

AUGUST 15, 2018

Coinbase , the cryptocurrency exchange operator, announced Wednesday (Aug. In a blog post , the company said the Distributed Systems team is working with Coinbase to find new and innovative ways to validate and verify identities as cryptocurrency goes more mainstream.

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PYMNTS

MARCH 7, 2018

Of course, the FinTech industry doesn’t have to look it up, but the dictionary now defines blockchain as a technology that enables the keeping of records of financial transactions in a digital database as part of a publicly accessible network. The Amazon of China may be operating in blockchain, but the world’s actual Amazon is doing the same.

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PYMNTS

MARCH 23, 2018

The drop came as news surfaced that Japanese regulators were scrutinizing cryptocurrencies. Of all the online attacks that were blocked in December, nearly one quarter – or 24 percent – were considered to be instances of cryptojacking. Bitcoin fell below the $9,000 mark on Thursday (March 22), CNBC reported. as of 4:24 a.m.,

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PYMNTS

JANUARY 29, 2018

Here are the numbers: $10,000 | The psychological barrier threshold associated with bitcoin and cryptocurrency prices, particularly amid raids on suspect operators, tax rates in South Korea and hacks of crypto exchanges. 750 | Number of online merchants in the quarterly PYMNTS Checkout Conversion Index (CCI) merchant sample.

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PYMNTS

JULY 22, 2019

Online platform eBay announced it has tapped Peter Thompson, former vice president of Amazon’s Alexa Voice Services, as its new senior vice president and chief product officer. In addition, eBay appointed Mazen Rawashdeh senior vice president and chief technology officer, the company announced in a press release.

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PYMNTS

AUGUST 12, 2020

Mastercard is expanding its Accelerate financial technology (FinTech) portfolio and is adding 11 companies to its Start Path startup engagement program, according to a Wednesday (Aug. 12) announcement. The company said its efforts recognize “the important role FinTechs play in the world’s rapid digital transformation.”.

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Bank Innovation

JUNE 17, 2016

Early this morning, cryptocurrency exchange operators got urgent orders to halt trading activity on ethers, the cryptocurrency behind the blockchain platform Ethereum. This morning, the US woke up to a financial meltdown. But not the kind you’d expect. The reason: nearly $60 million of ethers were hack (i.e.

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PYMNTS

AUGUST 5, 2020

Coinstar now owns and operates more than 22,000 kiosks across nine countries and recycles roughly $3 billion in coins annually worldwide ($2.7 In fact, our bitcoin sales on our machines have increased dramatically week over week for the last 10 to 12 weeks,” amid an online and in-store advertising boost. billion in the U.S.

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PYMNTS

APRIL 19, 2019

Bloomberg said this week that Lyric, based in California, operates as an on-demand short-term rental provider, connecting users with premium apartments and cleaning services. Lyric plans to use the investment to expand its operations as it continues to focus on regulatory compliance. Chainalysis.

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PYMNTS

JUNE 28, 2018

In addition, EBANX is working with Light In The Box for card payments and Ukraine’s government says it doesn’t plan to regulate cryptocurrency mining. With the system, Bitkoin seeks to open the doors to instant remittances and purchases, while making it unnecessary for users to be online for an ongoing trade. billion in sales.

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Bank Innovation

MARCH 17, 2016

A lot has happened in the bitcoin multiverse this week, some seemingly positive for the embattled cryptocurrency, some decidedly negative.

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PYMNTS

SEPTEMBER 9, 2019

And those payments, at least in general, are following larger consumer trends when it comes to methods and technology. More online gambling sites also apparently are becoming more “friendly” to cryptocurrencies, at least according to CoinRevolution early this month. A key part of user experience is payment speeds.

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PYMNTS

NOVEMBER 11, 2019

Cryptocurrency companies that previously let customers remain anonymous will have to change their tunes in some countries, as will online gambling sites that provided fast onboarding at the expense of rigorous identity verification approaches. Around The AML/KYC World.

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PYMNTS

DECEMBER 4, 2018

KuCoin , a digital currency exchange based in Singapore, has rolled out support for the trading of the Ripple XRP cryptocurrency, Cryptovest reported. The platform now supports trading through eight pairs, including Ethereum, bitcoin, Tether, USD Coin, NEO, TrueUSD, Paxos Standard Token and KuCoin Shares.

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