Blackhawk Network Buys National Gift Card

PYMNTS

Global branded payments provider Blackhawk Network has acquired National Gift Card , one of the biggest North American prepaid tech and card companies, according to a press release emailed to PYMNTS.

Why Nations Fail

Chris Skinner

Robinson from the University of Chicago and co-author of Why Nations Fail, a book that changed thinking about what makes for successful countries and what makes them fail. I had … The post Why Nations Fail appeared first on Chris Skinner's blog. I was recently at a Capital Markets conference in Turkey where the main first day keynote speaker is Professor James A.

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BSA and AML Day National 2020 Celebration

Abrigo

Honor BSA/AML Professionals on October 26th Professionals across the nation are encouraged to celebrate National Financial Crime Fighter Day. . National Day Calendar Get more resources on this nationally recognized day. It's National Day!

America: a nation living in the 20th Century

Chris Skinner

These days, in … The post America: a nation living in the 20th Century appeared first on Chris Skinner's blog. When did you last write a check (cheque)? When did you last receive one? Although a valid payment mechanism in some countries, it has been phased out in many. Finland stopped using checks in 1993, Poland in 2006 and the Netherlands from the start of next year.

When national currencies fail (cryptocurrencies rise)

Chris Skinner

… The post When national currencies fail (cryptocurrencies rise) appeared first on Chris Skinner's blog. Venezuela is the latest country to spin into hyperinflation, showing the same signs as the meltdown in Zimbabwe that created the 100 trillion dollar note. Hyperinflation, as defined by economist Philip Cagan in the 1950s, is when a country sees inflation rates rise by more than 50% per month.

165 Execs Urge Peaceful Transition For 'Healing Of Our Nation'

PYMNTS

There is not a moment to waste in the battle against the pandemic and for the recovery and healing of our nation to begin.”. 165 business leaders joined together on Monday (Nov.

Amazon Pushes For National Price Gouging Law

PYMNTS

Amazon urged Congress on Wednesday (May 13) to enact legislation to prohibit price gouging during times of national emergency, Reuters reported. Brian Huseman, a vice president of public policy at Amazon, said in a blog post that each of the nation’s states have different rules when it comes to price gouging. Huseman made the case for a measure that would be implemented if a national emergency is declared.

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

Blockchain Lending Firm Figure Seeks National Bank Charter

PYMNTS

has sought a national bank charter from the Office of the Controller of the Currency (OCC), which will let it meet “promises of efficiency, affordability and financial inclusion,” according to a Friday (Nov. This national bank charter will be instrumental in our efforts to continue to develop and deliver new financial products and services to communities across this country that really haven’t had access to affordable offerings,” Davies said. “I

Payment nationalism is harming innovation

Payments Source

Competition between hundreds of national and global payment systems forces everybody to continually adapt, up their games, culling weaker and underperforming systems and inviting the search for better mouse traps, says Intrepid Ventures' Eric Grover.

National Australia Bank Cuts 6,000 Jobs, Shifts Staff to Digital

Bank Innovation

The National Australia Bank today announced it is slashing its workforce by 12%, or 6,000 job losses, over the next three years. Exclusive Online National Australia Bank NordeaIt will devote more resources to digital banking in future. NAB is following in the footsteps of Nordea Bank and Japan’s Mizuho Bank, both of which announced job cuts this week. Andrew Thorburn, […].

Kohl's Launches New Rewards Program Nationally

PYMNTS

Kohl’s has rolled out its new Kohl’s Rewards loyalty program throughout the country after a successful pilot in multiple markets, according to a Tuesday (Sept. 8) announcement.

National Bank of Australia Adds Google Pay

Bank Innovation

National Australia Bank (NAB) today added Google Pay to its roster of mobile payments services. NAB customers can now use Google Pay to make contactless payments. On its digital payment services, NAB currently has NAB Pay, which works on Android devices, NAB PayTag for iOS devices, Samsung Pay, Fitbit, and Garmin wearables. In a statement […]. Exclusive Mobile Online Open Fintech Payments contactless payments Fitbit Pay Garmin Google Pay NAB

JPMorgan Chase and National Bank of Canada Complete Blockchain Test

Bank Innovation

and the National Bank of Canada (NBC) announced today that they tested a debt insurance simulation on a new blockchain platform. JPMorgan Chase & Co. NBC issued a one-year, floating rate certificate of deposit for $150 million dollars to JPMorgan on the platform, with JPMorgan creating a replica transaction to NBC using a debt issuance […]. Corporate Innovations Lending Payments Wealth Management BlockChain fintech innovation JP Morgan Quorum

Fifth Third Bank has applied for a national bank charter

Bank Innovation

Cincinnati-based Fifth Third Bank has applied for a national bank charter as it expands its suite of products and services. On Thursday, the bank said it had filed an application with the Office of the Comptroller of the Currency to convert from an Ohio state-chartered bank to a national bank. A national charter will ensure […].

Live Nation’s Q2 Double-Whammy: Few Ticket Sales, But Lots Of Refunds

PYMNTS

Q2 was a lousy time to be in the live events business, as Live Nation ‘s recent earnings report demonstrates. Despite the hurricane-force headwinds, Live Nation did say the quarter contained a few bright spots. Earnings entertainment Live Nation News Q2 refunds Retail

Island Nation Mauritius To Set Up Fintech Fund

Bank Innovation

The island nation of Mauritius will now have a sovereign fund dedicated to investment in fintech. According to reports, high-level Fintech and Innovation-driven Financial Services Regulatory Committee panel met last week to discuss the possibility of the fund that would focus on, among other things, fraud, security, and blockchain. The committee consist of seven members, […]. Capital Exclusive fintech Mauritius

Today In How We Eat: National Cheeseburger Day, Fraud Free Pizza

PYMNTS

Today in the changing world of how we eat, Blaze Pizza finds ways to fight friendly fraud and quick-service restaurants (QSRs) digitally delight for National Cheeseburger Day. McDonald's Burger King And Other QSRs Celebrate National Cheeseburger Day With App-Based Discounts.

Inside First National Bank of Omaha’s seven-person innovation lab

Bank Innovation

First National Bank of Omaha (FNBO), with $20 billion in assets and 5,000 employees, is building out its seven-person innovation group within the bank's namesake skyscraper in Omaha, Nebraska. Daily Post 2 Daily Post 3 Exclusive Lending Open Banking Operations & Best Practices Premium Retail Banking First National Bank Upstart

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First National Bank of Omaha’s Butterfield to speak at Bank Innovation Build

Bank Innovation

Marc Butterfield, senior vice president of digital and payments solutions at First National Bank of Omaha, will speak at Bank Innovation Build. Bank Innovation Build Carousel Innovation Strategy Retail Banking bill.com First National Bank of Omaha UpstartHe will discuss selling innovation internally, in a panel that focuses on pitching, budgets and bridging disparate interests. Butterfield has led FNBO’s internal innovation group since its launch in 2017.

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Digital Services Mean Every Bank Is a National Bank

Bank Innovation

But the most significant revelation from the company’s earnings call yesterday may be that digital banking allows any bank to become national. Pittsburgh-based PNC Financial Services Group is making a significant digital push this quarter, and highlighted a number of areas this is benefiting the bank’s consumer business. Here’s CEO Bill Demchak: I would tell […].

Bitcoin Daily: Crypto-Themed Cruise Ship To Set Sail, Nigeria Eyes National Crypto Adoption

PYMNTS

The National Information Technology Development Agency and the Federal Ministry of Communications and Digital Economy of the country have teamed to create a framework for country blockchain adoption, CoinDesk reported, citing local media.

Apple Launches National Parks Initiative

PYMNTS

Apple has announced a new initiative that will help its customers support and enjoy America’s national parks. 24 through 31, the company is donating $1 to the National Park Foundation for every purchase made with Apple Pay at any Apple Store, online at apple.com or through the Apple Store app in the U.S. The App Store will also spotlight a collection of some of the best apps to help users explore the country’s national parks.

An Innovative Nation is a Connected Nation

Let's Talk Payments

The value of connectivity is difficult to overestimate – nations that are most successful in innovation adoption are the most connected nations, where the rate of internet penetration and mobile. Fintech Innovation Insights Asia Europe insights US

October 26th – BSA/AML Day | Nationally Recognized

Abrigo

Professionals across the nation encouraged to celebrate National Financial Crime Fighter Day. We started that effort in full-force in 2017, with an idea to create a nationally recognized holiday – BSA/AML Professional Day – to be observed on October 26 th each year. The post October 26th – BSA/AML Day | Nationally Recognized appeared first on Abrigo.

China Creates National Cyberattack Database

PYMNTS

China revealed that it is creating a national cyberattack database and will require telecom firms, internet companies and domain name providers to report any threats to it.

Two Chinese Nationals Charged With Laundering $100M In Crypto

PYMNTS

Two Chinese nationals were charged by the U.S. North Korea continues to attack the growing worldwide ecosystem of virtual currency as a means to bypass the sanctions imposed on it by the United States and the United Nations Security Council. national security,” said Don Fort, chief, IRS-CI. “We Security & Fraud Chinese Nationals crypto cryptocurrency Department of Justice exchange laundering News North Korea virtual currency What's Hot

Southwest National Bank Has Nationally Available Kasasa Products

BankDeals

Southwest National Bank (KS) offers its Kasasa brand products nationwide, including Kasasa Cash checking account and the companion Kasasa Saver savings account

Coronavirus Refunds: Washington Nationals Unveil Ticket Reimbursement Procedure

PYMNTS

The Washington Nationals baseball team unveiled its ticket reimbursement policy for contests that the pandemic impacted, The Washington Post reported. But many teams — such as the Nationals — had halted or delayed payments for season tickets. Coronavirus Baseball New York Mets News refunds reimbursements Washington NationalsThe coronavirus pandemic is upsetting normal life the world over, and plenty of consumers want refunds on things they paid for but aren’t able to use.

Chinese National Charged In Anthem Data Breach

PYMNTS

prosecutors have charged a Chinese national for his alleged involvement in the 2015 data breach at health insurance company Anthem , which led to the theft of 78.8 Legal Anthem Chinese national data breach hacker health insurance indictment legal News PII privacy What's Hotmillion records.

Varo Money Raises $45M To Become ‘A National Bank’

Bank Innovation

Startup Varo Money has raised $45 million for its plans to become a full-fledged, “national bank,” the startup announced yesterday. The funds will go towards marketing its service as well as for laying “the foundation” to become a bank, company CEO Colin Walsh told TechCrunch. Varo, a mobile banking startup that provides an FDIC-insured bank […]. Capital Exclusive Mobile capital funding Mobile banking online banking Varo Money

CEOs Ask Congress For National Privacy Act

PYMNTS

To enable continued innovation and growth in the digital economy, the Business Roundtable is asking Congress to pass a comprehensive consumer data privacy law that establishes a national privacy framework and strengthens protections for consumers. said in an email about such legislation, “Creating a national privacy law can provide many benefits for U.S. to come up with a national privacy law had hit a wall.

Luxembourg’s Bankers Association Releases National Fintech Directory

Bank Innovation

The purpose of the FinTech map is to facilitate increased interaction among the nation’s fintech community. The Luxembourg Bankers’ Association (ABBL) today released a Fintech Map, essentially a directory of the country’s startup ecosystem. The directory classifies and categorizes these startups based on key areas. See the full directory here. The Fintech map was created […]. Exclusive Innovations Startups fintech

Punjab National Bank Discovers Second Defrauder

PYMNTS

Punjab National Bank revealed that it had been defrauded $556 million from a struggling borrower, Bhushan Power & Steel, according to a report by The Wall Street Journal. Punjab National Bank filed complaints with the Reserve Bank of India as well as the police after discovering Bhushan’s involvement with the loan money. The company has misappropriated bank funds, manipulated books of accounts to raise funds from consortium lender banks,” Punjab National Bank said.

The CFPB Settles With National Credit Adjusters

PYMNTS

The Bureau of Consumer Financial Protection announced late last week it settled with the National Credit Adjusters , a private company, as well as its chief executive and part owner Bradley Hochstein. CFPB Debt Collection National Credit Adjusters News security & fraud What's Hot