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

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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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.

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.

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!

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

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

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, […].

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.

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.,

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

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.

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.

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 […].

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.

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

Fime to test India's national transportation card

Payments Source

India Contactless payments

Coronavirus Refunds: Washington Nationals Unveil Ticket Reimbursement Procedure


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.

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

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 […].

Live Nation Settles With DOJ Over Ticketmaster Antitrust Violation


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.

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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DOJ Reportedly Readies To Take Action Against Live Nation


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

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 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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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

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.

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

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 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.

Retailers Expect 26 Pct. Spike On National Returns Day


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.

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

DOJ Claims Live Nation Violated Terms Of Ticketmaster Merger


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

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.