article thumbnail

FEMA Looks At Blockchain To Aid Disaster Payouts

PYMNTS

The United States Federal Emergency Management Agency (FEMA) has revealed that it might look into using blockchain technology to streamline disaster insurance payouts, as well as speed up its response to disasters.

article thumbnail

NEN Widens USAT Partnership For Cashless Payments Growth

PYMNTS

Cashless payments firm USA Technologies (USAT) is expanding its partnership with amusement kiosk operator National Entertainment Network (NEN) to bring expanded cashless payment options to more vending machines and devices, the companies announced in a press release on Friday (Nov. and Puerto Rico.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Facebook CMO Leaving To Focus On Promoting Diversity In Tech

PYMNTS

Facebook ’s Chief Marketing Officer Antonio Lucio is leaving the social media behemoth after just two years on the job to actively promote diversity in the technology sector. His Facebook corporate profile states that he was born in Spain and grew up in Puerto Rico.

article thumbnail

3 insurance trends to watch in Q4’22

CB Insights

With climate-related losses expected to continue climbing, insurers will need more granular, real-time climate data and enhanced analytics capabilities to accurately price policies and manage claims. Expect to see more insurers adopt this technology in the near future. It raised a $4.5M Seed VC round led by Anthemis in August.

Trends 95
article thumbnail

Banking's Top 5 Total Return to Shareholders: 2022 Edition

Jeff For Banks

Twenty-six percent of the bank is owned by the Board, Executive Management, and the ESOP. and Puerto Rico banking laws and regulations. Founded in 1964, OFG's banking subsidiary, Oriental Bank , is one of Puerto Rico's largest banks, and is focused on the island and the U.S. I would call that stakeholder alignment.

article thumbnail

Bancolombia, First Data Team Up On eCommerce Solutions In Colombia

PYMNTS

First Data , “a global leader in commerce-enabling technology,” has announced a partnership with Bancolombia , a conglomerate of Latin American and Caribbean financial companies, that will “integrate and strengthen their technology platforms in order to improve and diversify services for business owners in Colombia.”.

article thumbnail

Equifax Names Ex-Mastercard CEO To Its Board

PYMNTS

Prior to Mastercard, he spent 20 years at Citibank, where he held several leadership positions, including managing parts of Citibank’s Consumer Financial Services business in the United States, Brazil, Puerto Rico and the United Kingdom. At the end of 2017, the cost from the data breach stood at $439 million.