HSBC to focus on tech in U.S. branch expansion plans

Bank Innovation

trillion in assets, is making technology a core component of U.S. The bank today announced the opening a new location in Cupertino, California, along with 50 planned new branches in the U.S. HSBC, a top global bank with $2.6

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Europe as a model for US payment security

Mobile Payments Today

Efforts by European regulators to provide stronger authentication could serve as a model for payments in the U.S., as multi-factor authentication is already available in mobile wallets like Apple Pay

US Banks Shun Money Transmittal

PYMNTS

According to a report in The New York Times , while Mexico is the largest destination for money transfers from the U.S., billion was sent from the U.S. It also means limited options for those living in the U.S.

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US Treasury Secretary Sees Libra As National Security Threat

PYMNTS

And earlier this week Libra Head David Marcus told U.S. Treasury Secretary Steven Mnuchin believes that Facebook’s proposed cryptocurrency could pose as a national security threat.

US Bank, Inworks Partner On Hospital Payments

PYMNTS

In a statement, Inworks CEO Don Carlson said U.S. Likewise, our relationship with U.S. Bank has a long history of serving the banking and finance needs of healthcare organizations,” added U.S. In 2017, U.S.

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US Bans Chinese Facial Recognition Tech

PYMNTS

A Chinese company that develops facial recognition technology could be facing a ban in the U.S. As a result, the United Stated has banned government agencies from buying Hikvision products, and now there are rumblings that the company might be facing a ban on on importing U.S.-made

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Toys R Us May Return With Smaller Stores

PYMNTS

Ahead of this year’s holiday season, defunct toy chain Toys R Us could be making a comeback: The remnant of the company will reportedly open a shopping website along with roughly six U.S. via over 700 stores, including its Babies R Us brand , Bloomberg reported.

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US Senate Revives Export-Import Bank

PYMNTS

After a four-year hiatus, the U.S. Export-Import Bank (EXIM Bank) is returning to full-fledged operations as a provider of high-value trade financing and other services to support cross-border trade with U.S. Reports in Reuters earlier this month said the U.S.

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US Retail Sales Fall In April

PYMNTS

As Americans reduced their spending on appliances and clothes, among other items, retail sales in the U.S. Retail economy News U.S. Department of Commerce U.S. dropped in April. The Commerce Department said on Wednesday (May 15) that sales declined 0.2 percent, CNBC reported.

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U.S. Bank’s Venturo sees 5G as ‘enabler’ for IoT innovation

Bank Innovation

Dominic Venturo, executive vice president and chief innovation officer at U.S. The focus of the innovation group at U.S. Bank Innovation Build 2019 Daily Post 1 Exclusive IoT & Wearables Operations & Best Practices Bank Innovation Build identity verification IOT US Bank

U.S. Bank Announces Amazon Alexa Integration

Bank Innovation

EXCLUSIVE- U.S. The Minneapolis-based bank ran an employee pilot over the summer and initiated work on the Alexa skill earlier in 2017, said Gareth Gaston, executive vice president and head of omnichannel banking at U.S. […].

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U.S. Farming Has A Banking Problem

PYMNTS

The latest jobs figures propel the lengthy period of corporate optimism in the U.S. While concerns over a possible upcoming economic recession are beginning to seep into the corporate world, and while smaller businesses are struggling to find adequate talent to grow, overall, some economists welcomed the most recent payroll figures from the U.S. Yet when the U.S. That pullback comes amid cash flow concerns for farmers impacted by U.S.-China The U.S.

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US Mulls Banning Visa, Mastercard From Processing In Venezuela

PYMNTS

The U.S. The U.S. In fact, earlier this week, the U.S. Latin America financial sector MasterCard News Nicolas Maduro sanctions SWIFT transactions U.S.

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US Faster Payments Council Announces Founding Sponsors

PYMNTS

The U.S. It also signifies their determination to get the FPC’s work off to a strong start in the U.S. The FPC’s founding sponsors are truly committed to sharing their expertise and resources as we collectively work to accelerate widespread U.S.

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If Facebook launch a cryptocurrency, will US government shut it down?

Chris Skinner

April 2019) This is because they are getting serious about payments and blockchain, after a variety of reports that they … The post If Facebook launch a cryptocurrency, will US government shut it down?

N26 Rolls Out US Mobile Banking

PYMNTS

Through a staged rollout in which 100,000 customers on the U.S. The company is a U.S. also looks to debut Metal — a premium tier account — to U.S. C-Founder Stalf, who is the CEO of N26, said in the announcement, “The U.S.

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US-China Trade War Could Hurt Amazon Merchants

PYMNTS

The retailers, which rely on a business model of buying inexpensive goods in China and selling them for a higher price in the U.S., Amazon administration china international merchants News tariffs trade war trump us What's Hot Xi jinping

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Q1 2019: US credit card issuer snapshot

Accenture

Each quarter, Ryan Douglas from the Card Issuing group compiles key metrics on US consumer credit cards, tracking spend, receivables, loss rates and returns reported by the largest US banks. Stay tuned for next quarter’s report on US consumer credit card trends.

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How Corporates Are Driving US RTP Adoption

PYMNTS

Adoption of real-time payments in the U.S. “The stage is set for the U.S. The U.S.’s ” The path toward real-time payments is in its early stages in the U.S., has been slow, particularly compared to other markets like the U.K.

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Prime Day Expected To Lift US eCommerce Spend Past $2B

PYMNTS

Amazon’s impact from Prime Day this year will again lift the U.S. eCommerce market, according to a report by TechCrunch. .

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US Treasury: Taxes On Digital Companies Are Discriminatory

PYMNTS

A U.S. Reuters reported that Chip Harter, the U.S. What we have seen of the most recent French proposals, we view them as highly discriminatory against U.S. Regulation digital companies digital tax French tax News OECD regulation tax reform U.S.

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US Restaurants Face Tough 2019

PYMNTS

According to a report in Bloomberg citing analysts and industry watchers, U.S. Bloomberg pointed to Starbucks, which already announced plans to close some of its U.S. Because consumers in the U.S.

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Danske Bank Whistleblower: Major European Bank, U.S. Lenders Involved

PYMNTS

19), contended that a major European bank helped to process as much as $150 billion in suspicious payments, and noted that two U.S.-based The comments came as regulators in Denmark, Estonia, Britain and the U.S. We have breached the expectations society had of us.

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U.S. Bank Reaching Beyond Branches as 71% of Active Customers Are Now Digital

Bank Innovation

Coming off the launch of a revamped mobile app and the hiring of the bank's first chief digital officer, U.S. Lending Payments Premium Retail BBVA branch banking digital banking Mobile banking US Bank

Crypto Touted As Cuba’s US Embargo Lifeline

PYMNTS

Tech guru John McAfee claims he can help Cuba by launching a cryptocurrency that overcomes a U.S. In an interview, McAfee also revealed that he believes that income tax is illegal and will run for the Libertarian Party nomination for U.S. It would be trivial to get around the U.S.

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U.S. Bank branch restructuring is underway with closures in Chicago area

Bank Innovation

Exclusive Premium Retail Banking branches JPMorgan Chase US Bank Wells FargoBancorp is closing 21 branches in the Chicago area as part of a restructuring plan to expand its physical footprint in some markets while shrinking its presence in others, bank spokesman Evan Lapiska confirmed.

Visa: US Starting To Close The Contactless Gap

PYMNTS

Globally, tapping to pay with contactless cards has taken off remarkably, and the U.S., We’re excited to share that tapping to pay is becoming a reality across the U.S., Around the world, tapping is becoming a dominant payment factor quickly — excluding the U.S.,

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Chinese Investments In US Tech Startups Dry Up

PYMNTS

Investments on the part of China in U.S. According to a report in Reuters citing Rhodium Group, Chinese venture funding in U.S. Hurting the investments, reported Reuters, is new legislation that gives the U.S.

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Survey Shows Fall In US Consumer Sentiment

PYMNTS

Consumer Finance consumer behavior consumer finances financial health financial invisibles household income News personal finance U.S.

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Visa Will Follow Russian Payments Law Despite US Sanctions

PYMNTS

Visa will comply with a Russian law that says international payments systems have to process transactions for the country despite U.S. VISA international payments Law News Russia U.S. sanctions , according to reports. Visa said Russia is an important market for the company in terms of strategy, and the new law won’t make it leave the country.

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U.S. Bank’s Dominic Venturo to speak at Bank Innovation Build 2019

Bank Innovation

Dominic Venturo, executive vice president and chief innovation officer at U.S. Bank, will participate in a fireside chat at Bank Innovation Build 2019, this blog’s event on best practices in banking innovation.

Toys R Us Is Going Strong In Asia

PYMNTS

While Toys R Us has disappeared from the United States, it is going strong in Asia, which plans to open 60 new stores throughout the region this year. We are cautiously optimistic,” said Jo Hall, Toys R Us chief commercial officer for Greater China and Southeast Asia. “We

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Removing the drag from tableside payment growth in the US

Mobile Payments Today

Tableside payment in the restaurant industry has been a growing trend, yet there still remain obstacles to wider acceptance by consumers

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US Bank Freight Payments Integrate With project44

PYMNTS

Third-party logistics technology provider project44 is integrating payments capabilities as a result of its partnership with U.S. 27), project44 revealed that U.S. The deal will enable U.S.U.S. “Our work with U.S.

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US Faster Payments Council Completes Elections For Board Of Directors

PYMNTS

The U.S. This group helped set the stage, and now, our newly elected Board will take us into the future.”. Personnel MasterCard NACHA News U.S.

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Toys R Us’ Surprisingly Sexy Inventory Auction

PYMNTS

When now bankrupt Toys R Us puts its assets on the auction block next month, some expected things will be up for sale — like the toy and game retailer’s internationally recognized mascot Geoffrey the Giraffe, according to recent CNBC reports. Toys R Us owns those names to prevent other firms from using them — and from encroaching on its brand. Not all the choices Toys R Us claimed were racy in nature. The ‘R Us’ is the key to the brand, not the Toys.”.

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Barclays Eyes US Expansion

PYMNTS

bank Barclays is considering whether it should expand further into the U.S. payments platform in the states, as well as building a U.S. In addition, sources say that Barclays is putting more capital behind its U.S. Many European banks have to tried to expand into the U.S., with some of the biggest financial institutions (FIs) almost collapsing due to exposure to the U.S. But a strong economy has made the U.S. Last year, the U.S.

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U.S. Bank Wants To Remove Passwords From Login in 2017

Bank Innovation

Biometrics and behavioral analytics are taking over banking apps for good, and U.S. Corporate Operations Technology authentication behavioral analytics cybersecurity US Bank

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Digital Banking Partnerships Gain Traction in the US

PYMNTS

Among the latest examples, N26 , which is a digital-only bank based in Europe, has entered the US market through partnership with Axos Bank in order to offer FDIC insured accounts. As has been reported Monzo is entering the US market as well.

US Banking Industry Had No Failures In 2018

PYMNTS

According to a report in CNBC , citing Calculated Risk, last year was the first time since 2006 that not one U.S. Citing Bloomberg, CNBC noted that the largest U.S. Economy banking FDIC financial crisis financial system News regulation U.S.

Bankrupt Toys R Us Aims For Retail Revival

PYMNTS

Even with the liquidation of Toys R Us operations in the U.S., Now, the company is looking to restart the brand in places such as the U.S. Chief Executive Officer Richard Barry said, according to the outlet, “That’s certainly our intent, to be in a position where U.S.

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Cashless trend becoming a crisis debate in UK, US

Mobile Payments Today

The rise in cashless payments and the declining presence of bank branches and ATMs is leading to a potential crisis point in many communities across the U.S. and the U.K.

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Walmart US eCommerce Sales Surge 43 Pct

PYMNTS

Retail giant Walmart posted fiscal 2019 fourth quarter results that topped expectations amid strong holiday spending and U.S. With a nod to the current economic climate, management, including CEO Doug McMillon and CFO Brett Biggs, said that the U.S. Total Walmart sales in the U.S.

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