US Commerce Department Launches National AI Advisory Committee


The committee — dubbed the National Artificial Intelligence Advisory Committee (NAIAC) — will attempt to recruit “top-level candidates,” the release stated. The NAIAC was established as part of the National AI Initiative Act of 2020 and its charge is to give recommendations on U.S.

ICBA’s 2021 National Community Bank Service Award winners

Independent Banker

ICBA’s National Community Bank Service Award winners for 2021 demonstrate that when their local areas need support, community banks are there with innovative, compassionate and thoughtful responses.


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Flinks Gets $103M Jolt From National Bank of Canada 


National Bank of Canada announced Wednesday (Aug. Flinks is strategically positioned at a key moment in the evolution of customer experiences,” said Louis Vachon , president and CEO at National Bank of Canada, in the joint announcement.

Cardano Partners With Ethiopia Government On National ID Blockchain System


Input Output (IOHK), the company behind the Cardano cryptocurrency, plans to build a national ID blockchain system in Ethiopia. It’s our intention to compete amongst others for the whole national ID system, which is about 110 million people,” he said.

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.

Live Nation Kicks Off Return Of Concerts With $20 Tickets


Live Nation is making up for lost time – or, rather, lost concerts – by offering fans $20 all-in tickets to nearly 1,000 shows this year, according to a Thursday (July 22) press release. Retail concerts entertainment Events Live Nation News What's Hot

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.

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.

National Australia Bank Facing Money Laundering Probe


National Australia Bank (NAB) said Monday (June 7) it is under investigation for breaches of the country’s money laundering and counter-terrorism laws. AML international investigations National Australia Bank News What's Hot

United Nations Report Shows $26.7 Trillion Worldwide eCommerce Surge


trillion and comprised 19 percent of total retail sales in 2020, according to a report released on Monday (May 3) by the United Nations Conference on Trade and Development (UNCTAD). eCommerce ecommerce Editors' Picks international News United Nations What's Hot

Rite Aid On-Demand Delivery Goes National with Uber Eats 


Rite Aid on Friday (Sept. 24) broadened its partnership with Uber Technologies, Inc. , and is now offering delivery of healthcare items, groceries and Rite Aid products through the Uber Eats platform from 2,185 Rite Aid locations across the U.S. in 17 states. .

Report: Swiss National Bank Sees No Need For CBDC


Carlos Lenz, chief economist of the Swiss National Bank , told a news conference the bank sees no need for a digital franc, even though it is studying how one would work, Handelszeitung reported.

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.

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. Huseman made the case for a measure that would be implemented if a national emergency is declared.

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.

Bitcoin Daily: OCC Reports Fraud Messages; Dutch National Bank Reverses Crypto Wallet Requirements


In other news, Dutch National Bank (DNB) has reversed a requirement for wallets, according to a press release from Bitonic. Bitcoin Binance Bitonic cryptocurrency Dutch National Bank fraud international News Norway Office of the Comptroller of the Currency PancakeBunny regulations What's Ho

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!

National Fuel Gas Joins Growing List of Utilities Embracing Expanded Payment Options


With nearly two million natural gas customers in western New York and northwestern Pennsylvania on its roster, National Fuel Gas — like many of its peers — is looking to increase customer satisfaction by enabling a suite of modern digital payment and connectivity options.

First Midwest Merges With Old National In $6.5 Billion Deal


Chicago’s First Midwest Bank and Indiana’s Old National Bank have signed a $6.5 First Midwest stockholders will receive 1.1336 shares of Old National stock for each share of First Midwest stock they own. Chairman and CEO of Old National Jim Ryan will maintain his role.

National Bank of Indianapolis upgrades core to support automation


The National Bank of Indianapolis is automating aspects of its wealth management division and mortgage process after a recent core migration that upgraded the $3 billion bank’s core for the first time since the late 1990s.

Inside Look: First National right-sizes innovation


Retail Banking Features First National Bank of Omaha PremiumInnovation in the financial industry is now an expectation. However, for small and mid-size financial institutions, this can be a fine line to negotiate.

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.,

Commonwealth National Bank On Tapping Payment Tools To Bring Underbanked And Unbanked Consumers Into The Financial Fold


Many FI executives are worried that the FDIC’s upcoming 2021 report will reflect the realities of financial hardship stemming from pandemic-related job losses, Sidney King , CEO of Alabama-based Commonwealth National Bank , said during a recent PYMNTS interview.

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


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.

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.

Fast Food Freak-Out As Milkshakes Go Missing From Whole Nations, And Chicken Wings Fly Away


Bread lines. Soup kitchens. It’s happened before. What’s next — fast-food shortages? Afraid so. We’ve entered a twilight zone where even burger bun rationing is becoming conceivable. And incidentally, Wendy’s is changing their fries.

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.

Fime to test India's national transportation card

Payments Source

India Contactless payments

Fintechs shouldn’t give up on national bank charters

American Banker

Fintech National banks OCC

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.

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

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

Valley National buying Bank Leumi USA for $1.15 billion

American Banker

M&A Commercial banking

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