article thumbnail

Figure CEO: Figure Pay, National Bank Charter Will Boost Financial Inclusion

PYMNTS

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. “As Figure, said Cagney, can offer some of its products in New Yok — but not in, say, Illinois.

National 215
article thumbnail

Blockchain Tracker: 88 Bales Of Cotton, Illinois State Gov. And Adoption

PYMNTS

to buyer Brighann Cotton Marketing Australia — and blockchain to prove that the goods were shipped, which all ultimately elevated transparency, security measures and tracking. At the state level, Illinois’ government has shown interest in delving into incorporating blockchain into how it does business.

Illinois 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Apple Pay Rolls Out To 17 American Credit Unions And Banks

PYMNTS

As has been reported, Apple Pay is also available internationally in, among other nations, Australia, China, Hong Kong, Japan, Spain, the U.K. The total roster now claims more than 1,600 banks and credit unions domestically, said the site, even as 35 percent of retailers in the U.S. support Apple Pay. and Switzerland.

Apple 117
article thumbnail

Deutsche Bank, PNC Plan To Reduce Brick-And-Mortar Bank Branch Footprints

PYMNTS

The financial institution said per the report that it would shutter approximately 100 locations throughout the nation, which would shrink its domestic offices to roughly 400. Securities and Exchange Commission (SEC) filing per the outlet. The financial institution has just over 2,250 offices, according to a U.S.

article thumbnail

Pandemic Scammers Robbed US Consumers Of More Than $77M

PYMNTS

But that number misses an unprecedented scope of scams connected to the coronavirus, according to John Breyault , a spokesman for the National Consumers League , the Washington, D.C.-based the Illinois-based insurance company, said the best offense is a good defense. based consumer advocacy group. “I

US 175
article thumbnail

Washington State AG Sues Uber Over Data Breach

PYMNTS

Even worse: It took the company more than a year to disclose the breach, and its chief security officer hid the cyberattack and paid hackers $100,000 to delete the stolen information. The lawsuit is the result of a massive data breach that Uber suffered in October 2016, when hackers stole the personal data of 57 million customers and drivers.

article thumbnail

Scottsdale Community Bank: Making microloans

Independent Banker

Small businesses] need a place that will listen to their financial needs and to their dreams of being independent, having financial security, contributing to the community and providing resources for their families.” William Atkinson is a writer in Illinois.