PYMNTS
OCTOBER 26, 2016
At the state level, Illinois’ government has shown interest in delving into incorporating blockchain into how it does business. By signaling a willingness to explore these technologies, Illinois opens the door for partnering with the broad range of private-sector companies pioneering innovative solutions in this area.”. “By
PYMNTS
JULY 10, 2020
The end goal: to speed innovation toward new products and services while keeping fraudsters out. Regulation Vs. Market Forces. The need for both innovation and security comes at a time when open banking is gaining a foothold in the United States due in part to the pandemic. The Pandemic Is Speeding Innovation Up.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
PYMNTS
FEBRUARY 15, 2018
Through the Conference of State Bank Supervisors, Georgia, Illinois, Kansas, Massachusetts, Texas, Tennessee and Washington are looking to standardize the ways firms across traditional financial services and FinTech upstarts apply for, and are granted, licenses. Can the states make licensing – of the money movement kind – any easier?
PYMNTS
APRIL 22, 2019
That would seem to apply to credit unions (CUs), and to Consumers Credit Union of Illinois specifically, one of the largest CUs around, which has been in business since 1930 (before the Great Depression reached its worst depths). We don’t have the resources [or] the money center banks do” to be more proactive on innovation. “We
PYMNTS
MAY 30, 2018
If you don’t give any regulation at all, it has the chance to go off the rails and completely burn itself out, which is where I was fearing bitcoin was going to a couple months ago if they haven’t already. And at the same time, if you overregulate, you sort of tamp down that creativity and you discourage the innovation.”. But the U.S.
PYMNTS
DECEMBER 12, 2018
The city of Bakersfield, Illinois, for example, recently disclosed that cybercriminals had compromised the third-party website Click2Gov, used to process residents’ utility and municipal payments. Companies like Dunkin’ are not the only victims of a data breach, of course. Giving Gig Workers Faster, Safer Payments.
PYMNTS
NOVEMBER 23, 2020
As for easing the path toward financial innovation, there’d always been some consideration of seeking a national banking charter, noted Cagney, especially as the company began building blockchain and blockchain applications over the past few years. Figure, said Cagney, can offer some of its products in New Yok — but not in, say, Illinois.
Expert insights. Personalized for you.
100 
Let's personalize your content