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.

Blackhawk Network Buys National Gift Card


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.


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City National Bank, Extend Team On Virtual Corporate Cards


City National Bank has enlisted New York City FinTech Extend to enable the bank’s clients to offer virtual corporate cards to employees, vendors and other business partners, the companies announced in a press release. With Extend, City National is the first issuer in the U.S.

BSA and AML Day National 2020 Celebration


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.

Cybersecurity Firm FireEye Hacked By Suspected Nation-State


The cybersecurity firm FireEye — which counts numerous government agencies among its clients — said in a blog post that its proprietary tools were hacked by a suspected nation-state. “We The company has cybersecurity clients across the national security space in the U.S.,

City National, Extend launch tokenized virtual Visa business cards

Payments Source

City National Bank is working with the fintech startup Extend to further boost contactless payments at the point of sale for business employees through the launch of a virtual Visa commercial credit card. B-to-B payments Visa Credit cards Tokenization

Amazon Pushes For National Price Gouging Law


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.

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, […].

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 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

Unity National and ALC offer PPP2 loans

Banking Exchange

The two lenders join a growing number of regional banks announcing partnerships to help minority-owned and small businesses Community Banking Feature3 Feature The Economy PPP Covid19. 1Community Banking

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 […].

Happy National Women’s Small Business Month

ATM Marketplace

This month celebrates National Women's Small Business Month. What are we doing as an industry to recognize this segment of business? Mastercard has put a program in place that turns small business dreams into realities

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

Kohl's Launches New Rewards Program Nationally


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 Restaurant Association Framework Aims To Close Gap Between Restaurants And Aggregators


16), the National Restaurant Association offered up seven public policy tenets that – in collaboration with delivery aggregators – are being billed as a “framework” for the delivery industry.

Amex offers restaurants a lifeline via National Trust for Historic Preservation

Payments Source

The organizations are working to deliver $1 million in grants to help some of the most treasured and vulnerable restaurants in the U.S. get through the pandemic. Corporate philanthropy American Express

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 […].

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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Biden And Yellen Will Talk Stimulus With Nation’s Leading CEOs


Chief executives from some of the nation’s top companies are heading to Washington, D.C. to talk about the $1.9 trillion stimulus plan with President Joe Biden and Treasury Secretary Janet Yellen, CNBC reported on Tuesday (Feb. Chief executives expected to attend the meeting include J.P.

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


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

Biden Picks BlackRock’s Deese To Head National Economic Council


President-elect Joe Biden has announced a new director of the National Economic Council in Brian Deese , the current head of sustainable investing at BlackRock , CNBC reported.

First National Strikes Merger Agreement with The Bank of Fincastle

Banking Exchange

Elsewhere, First Mid Bancshares has completed its acquisition of LINCO Bancshares Management Feature M&A Feature3 Community Banking. 1Management

Apple Launches National Parks Initiative


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

Blockchain Lending Firm Figure Seeks National Bank Charter


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

China Creates National Cyberattack Database


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.

October 26th – BSA/AML Day | Nationally Recognized


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.

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


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

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


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.

Two Chinese Nationals Charged With Laundering $100M In Crypto


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