article thumbnail

Here’s How to Become More Than the Branch Next Door

Gonzobanker

It’s sort of like asking Taylor Swift to give up singing to take a job handling financial fraud instead. Heck, Apple reported in August that it secured more than $10 billion in deposits with its savings product in partnership with Goldman Sachs. Short answer: Yes. But here’s the kicker: It’s not a one-and-done kind of thing.

How To 109
article thumbnail

Do Consumers Own Digital ID Algorithms? Look To Illinois.

PYMNTS

Biometrics promise to take a larger role in authentication security in 2019, helping to stop online fraud and bringing speed, efficiency and security to transactions ranging from QSR mobile-order ahead to airport car rentals. Employee Suits.

Illinois 161
article thumbnail

PA Department of Banking and Securities: virtual currency is not “money”

CFPB Monitor

The Pennsylvania Department of Banking and Securities (“DoBS”) just released Guidance declaring that virtual currency, “including Bitcoin,” is not considered “money” under the Pennsylvania Money Transmission Business Licensing Law , otherwise known as the Money Transmitter Act (“MTA”). Click here to subscribe to Money Laundering Watch.).