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Visa Seeks Patent On System To Turn Government Currencies Into Digital Blockchain Versions

PYMNTS

patent on a computer system that would convert physical dollars and other fiat currencies into digital versions, complete with denominations and serial numbers and recorded via blockchain. The system would then remove the paper currency from circulation. A central entity may be associated with a government of such a region.”.

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BAS 2020: Regions upgrades consumer lending system with automation

BankInovation

Regions Bank is overhauling its consumer lending system to keep its competitive edge. “We of that, meaning completely net-new consumer lending omnichannel-enabled customer experience for our secured and unsecured lending,” […].

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Cloud Banking Gives Legacy Systems A Lift

PYMNTS

Is it surprising to know that 55 percent of legacy financial institutions (FIs) report lacking maturity in core systems? Or that, on average, 15 percent of an FI’s annual operating costs go toward maintaining core banking systems that are outmoded? It’s true, but not for long. AI Poised for a “Profound Impact”.

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Entersekt, Netcetera Team Up On eCommerce Payment Security

PYMNTS

FinTech solution company Entersekt has upgraded its authentication technology in the DACH region of Europe, according to a release. The company recently announced that the software company Netcetera implemented the authentication system for Bank-Verlag, a company that makes and provides secure services for Germany’s banks.

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Central Bank To Tighten Regulatory Focus On Jamaican Payment Systems

PYMNTS

Regionally operated payment systems in Jamaica will consequently be regulated more closely. The bank explicated that FMIs are crucial to Jamaica’s financial system and the country’s broader economy, contributing to overall financial growth.

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Have Governed Data Available Across Applications with Minimal Effort

Perficient

Turns out, that piece of information lies in another system, with its own login workflow and going to get it would require you to switch focus, possibly getting you out of “the zone” What if you could bring that information to you? What if you didn’t have to switch systems, login somewhere else, or do a search?

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Secure By Design: Why Privacy Must Be Baked In To IoT Devices

PYMNTS

If data within the Internet of Things (IoT) is not secured properly, it puts people’s overall safety in jeopardy — and it’s not just about loss of sensitive personal data. In fact, according to UL , the even greater threat is that an attacker could take over the functionality of poorly secured devices. Pros and Cons of Regionalization.

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