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.

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.

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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.

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.

Live Nation Settles With DOJ Over Ticketmaster Antitrust Violation

PYMNTS

Live Nation Entertainment reached a deal with the government, resolving concerns that the company had violated a 2010 antitrust settlement. Live Nation must notify customers from now on about the clarified and extended terms of the decree.

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.

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.

Retailers Expect 26 Pct. Spike On National Returns Day

PYMNTS

As online shopping powers a forecasted 26 percent year-over-year volume surge on National Returns Day, the United Parcel Service (UPS) foresees shipping 1.9 A 2018 report from the Appriss Retail and National Retail Federation noted that roughly 10 percent of products sold in the U.S.

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 Hot

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 said it was expecting to get some of the money back, although it didn’t specify how much.

DOJ Claims Live Nation Violated Terms Of Ticketmaster Merger

PYMNTS

With claims that the company aimed to coerce music venues into using its Ticketmaster subsidiary, the Justice Department is reportedly gearing up to take legal action against Live Nation Entertainment, Inc. Regulation Department of Justice Live Nation News ticket sales Ticketmaster What's Ho

US Treasury Secretary Sees Libra As National Security Threat

PYMNTS

Treasury Secretary Steven Mnuchin believes that Facebook’s proposed cryptocurrency could pose as a national security threat.

The Commerce Magic Of National Dog Day

PYMNTS

National Chocolate Chip Cookie Day (Aug. 4), National Chocolate Day (Oct. 28), National Avocado Day (July 31), National Ice Cream Day (July 21) and so on. Holidays like National Dog Day. Fear not – the options abound on National Dog Appreciation Day.

Wells Fargo To Settle Navajo Nation Lawsuit For $6.5M

PYMNTS

The Navajo Nation announced that it has settled its lawsuit against Wells Fargo & Co for $6.5 The Navajo Nation sued Wells Fargo in federal and tribal courts in 2017, claiming it targeted tribal members with “predatory sales tactics.”

Lawmakers Hit A Wall In Creating National Privacy Law

PYMNTS

to come up with a national privacy law have hit a wall, with Senators unable to agree on how strict the rule should be. If Congress comes up with a national law, the tech companies hope it will override what California has on the books. Efforts from lawmakers in the U.S.

Patriot National Hits Regulatory Snag In SBA Platform Plans

PYMNTS

Community bank Patriot National has hit a regulatory roadblock in its plans to launch a Small Business Administrative platform, but reports in American Banker on Thursday (March 13) said the financial institution remains undeterred by the challenge.

Rebeca Romero Rainey: You are the backbone of our nation’s financing

Independent Banker

When I think about how the lending market has changed over the past decade, there is one consistent theme—community banks have been, and continue to be, the backbone of our nation’s financing.

Mastercard Protests Payments ‘Nationalism’ In India

PYMNTS

government over the use of nationalism by the government in India to promote a domestic payments network there. ” Modi has said that using RuPay is akin to offering a service to the nation, given the fees associated with the use stay in India.

Mastercard General Counsel Tapped To Chair National Urban League

PYMNTS

The world of payments has provided a new leader to the National Urban League. Murphy was elected to the post during the National Urban League’s Board of Trustees quarterly meeting in New York City. Mastercard financial inclusion MasterCard National Urban League News What's Hot

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. A national charter will ensure […].

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 Nordea

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.

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.

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.

Israel Considers Issuing National Cryptocurrency

Bank Innovation

The Israeli government is creating its own “digital shekel,” according to multiple reports. The move is apparently driven by the desire to reduce black market activity, which makes up 22% of the country’s GDP, the report says.

National Bank Of Canada Blockchain Pilot Eyes Trade Finance Contracts

PYMNTS

The National Bank of Canada , the country’s sixth-largest bank, is collaborating with business consulting and IT company CGI to launch a blockchain-powered trade finance solution.

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 Upstart

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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.

National Direct Bank CIT Rolls Out eChecking

PYMNTS

National direct bank CIT Bank is introducing eChecking, a new digital checking account with a wide variety of electronic transfer and payment solutions, the company announced in a press release on Friday (Nov. The new accounts have no monthly fee and offer ATM fee reimbursement of up to $15 a month. Customers can use numerous electronic transfer and payment solutions, including debit card controls, Zelle, Bill Pay, Apple Pay and Samsung Pay.

FBI Charges Russian National With Running Online Hacker Marketplace

PYMNTS

A Russian national believed to be behind the Deer.io service, which lets hackers advertise and sell stolen information, has been arrested by the FBI, according to published reports Tuesday (March 10). Kirill Victorovich Firsov, was arrested Saturday, March 7, at the John F.

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.

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National Payments Corp. Of India To Verify WhatsApp Compliance

PYMNTS

The National Payments Corp. Digital Payments Audit compliance india National Payments Corp. of India is reviewing an audit report to ensure WhatsApp complies with local rules. “We

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.

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.

Wegagen Bank Teams With WorldRemit; Hatton National Bank Unveils eWallet

PYMNTS

Hatton National Bank PLC unveiled the rollout of HNB Solo in Sri Lanka , personal remittances from overseas Filipinos (OFs) are on the rise in the Philippines , and Canadian bank CIBC is launching a new small business platform called CIBC SmartBanking for Business.