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China Tests Facial Recognition Subway Payment

PYMNTS

A subway operator in Shenzhen, China is testing facial recognition software, powered by a 5G network, to pay for entry, according to reports. The face would be linked to a payment account, although whether the technology will work for similar faces or twins is not known.

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Apple Pay’s Latitudinal Reach

PYMNTS

Many of Sberbank clients actively use new technologies, and an increasing number of them will prefer cash-free and contactless payment using their smartphones.” Apple Pay is now supported by 22 banks after adding The Co-operative Bank and Metro Bank earlier this month, and Apple Pay is now available in the U.K. and the U.S. .”

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How Can Banks Thrive in the Next Five Years?

Jeff For Banks

And a branch, on average, cost about 1% of deposits in direct operating expenses. And oh by the way, it cost another 1% to support the operating expenses of support functions back at headquarters. Build a positive culture with operating discipline. Millennials get annoyed if they have to go into a branch.

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End-Of-Summer Edition: Retro Malware, Bitcoin’s Surge ‘N’ Split And Apple Watch Sees Other People

PYMNTS

EST in South Carolina, there will be a total solar eclipse — with Idaho, Wyoming, Montana, Nebraska, Iowa, Kansas, Missouri, Illinois, Kentucky, Tennessee and Georgia all enjoying prime viewing slots between start and finish. EST/9:05 a.m. PST in Oregon and 2:48 p.m. Bitcoin Surges — And Faces Another Split.

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NEW REPORT: For UN Workers, A Credit Union Crosses Borders

PYMNTS

Meanwhile, other CUs are turning to collaborations with technology partners to better serve their members by enabling greater access to account-to-account and peer-to-peer (P2P) transfers, in addition to fraud mitigation services. Meanwhile, in the U.S.,

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The Paycheck Protection Program, Round Two

PYMNTS

USHG noted that it’s burning through money and facing operating losses of over $1.5 In a phone interview with Politico, Senate Majority Leader Mitch McConnell (R-Kentucky) started signaling that in future appropriations rounds, Congress will have to exert some level of economic “caution.”.

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