PYMNTS

NOVEMBER 12, 2020

Christine Lagarde , European Central Bank (ECB) president, said the ECB could make its own digital currency within a few years, which could change up the eurozone financial sector drastically, Bloomberg reported. If it’s cheaper, faster, more secure for the users, then we should explore it.

Currencies 121

Currencies Banking Securities Retail 121

PYMNTS

DECEMBER 12, 2019

The China Securities Regulatory Commission , China’s security watchdog, is setting up a technology regulation bureau and will announce Yao Qian as its new department chief, the Chinese business publication Caijing said on Wednesday (Dec. Yao was the head of China’s central bank digital currency initiative. .

Currencies 52

Currencies Securities Banking Planning 52

Global Finance

OCTOBER 22, 2024

Central bank leaders on Tuesday discussed the evolving landscape of Central Bank Digital Currencies (CBDC) at the Sibos conference in Beijing. Mu stressed the importance of AI and big data technologies in securing transactions and protecting user privacy. Privacy concerns remain at the forefront of the design.

Currencies 59

Currencies Banking Finance Technology 59

PYMNTS

MARCH 27, 2019

And Japan’s Financial Service Agency (FSA) has said that Rakuten’s new digital currency exchange, Rakuten Wallet, is now registered as a virtual currency exchange provider with Kanto Local Financial Bureau under the Payment Service Act, CoinDesk reported. The group reportedly had revenues of $53 billion last year.

Securities 53

Securities Currencies Retail eCommerce 53

PYMNTS

AUGUST 29, 2018

The currency decline continues: The Swedish krona fell Wednesday (Aug. The decline comes amid political uncertainty in that Nordic country, the prospect of a widening trade war that could hurt it and increasing attention to the benefits of currency hedging among commerce and payments businesses. Such lows were last seen in 2009.

Currencies 46

Currencies Foreign Exchange Profit and Loss Banking 46

PYMNTS

FEBRUARY 6, 2020

In today’s top payments news, Stripe and Lightspeed team up to advance in-store and online payments for retailers and restaurants, the Federal Reserve weighs the costs and benefits of a digital currency and the Reserve Bank of Australia considers stopping banks from automatically routing “tap and go” payments through Visa and Mastercard.

Currencies 52

Currencies B2B Retail Banking 52

CFO News Room

FEBRUARY 5, 2022

Finance minister Nirmala Sitharaman said in the Budget speech that the introduction of a central bank digital currency (CBDC) will give a big boost to the digital economy. Digital currency will also lead to a more efficient and cheaper currency management system.

Budgeting 130

Budgeting Currencies Finance Banking 130

PYMNTS

MARCH 1, 2019

Cybersecurity returned to the top of the B2B startup investment list as three companies in the enterprise security realm landed nearly half of the $246 million in B2B venture capital this week. Cequence Security. Also operating in the enterprise security space is Cequence Security, based in California. Contrast Security.

B2B 75

B2B Securities Investments Startups 75

PYMNTS

OCTOBER 14, 2020

The central bank of Russia is seeking to place a yearly cap on the amount of cryptocurrency that retail investors can purchase, CoinDesk reported. As it stands, Russia has ratified legislation regarding digital securities issuance. Silbert is the founder and CEO of the Digital Currency Group, which is the parent of Grayscale.

Investments 56

Investments Retail Currencies Treasury 56

PYMNTS

JULY 27, 2017

Security in the digital age is a goal for most retailers and consumers — and nearly everyone else in the business world. When it comes to personal information, especially data linked to payment accounts, the level of privacy and accuracy of security are key in keeping the retail world spinning. Although most U.S.

Securities 49

Securities Currencies Retail Financial Data 49

CFO Talks

JULY 4, 2024

For instance, retail businesses need to benchmark their payment solutions against industry standards and customer expectations to ensure seamless and efficient transactions. Dr. Ayiku highlighted that digital payments offer significant advantages, including reduced errors, increased speed, and improved transaction security.

CFO 52

CFO Strategic Planning Currencies Prioritization 52

PYMNTS

DECEMBER 28, 2020

at online trading platform eToro , said in the report there are "storm clouds" on the horizon for the form of currency. Warnings of money-printing by global central banks, some of which began to show their own interest in digital currency, gave way to fears of inflation. billion unregistered securities offering.

Currencies 100

Currencies Securities Sales Retail 100

PYMNTS

DECEMBER 23, 2020

News came this week that the United States Securities and Exchange Commission has filed suit against Ripple over its XRP cryptocurrency. billion unregistered securities offering, and named CEO Brad Garlinghouse and Co-Founder Chris Larsen in the suit. XRP is a currency, as the DOJ and FinCEN determined in 2015.

Currencies 93

Currencies Securities Investments Sales 93

PYMNTS

APRIL 30, 2019

According to Will Byrne, CEO of Worldnet Payments , the kiosks and smart shelves that are gaining traction across any number of commerce and retail settings may even shift the employment picture a bit. The Changing Retail Footprint. As unattended retail notches an increasing footprint, said Byrne, other use cases will also emerge.

Retail 55

Retail Transportation Leverage Technology 55

Global Finance

OCTOBER 11, 2024

trillion in extended credit and new capital for its consumer and institutional clients while moving $10 trillion in over 120 currencies daily. The transaction netted JPMorgan approximately $173 billion in loans, $92 billion in deposits, and $30 billion in securities. Throughout 2023, JPMorgan Chase raised $2.3 million clients.

Banking 107

Banking Foreign Exchange Profit and Loss Finance 107

PYMNTS

SEPTEMBER 15, 2020

To that end, Bloomberg reported at least some financial regulators from the European Union say there need to be strict controls governing central bank digital currencies in place — and Libra (among other private efforts) may present a threat to financial stability.

Currencies 91

Currencies Retail Banking Finance 91

PYMNTS

MAY 20, 2020

The last several weeks have certainly made for unexpected and unprecedented times for consumers and all players in the retail ecosystem and left a lot of businesses standing at a crossroads as they face the back half of 2020 and questions about what to do next. In other words, trust has become a primarily valuable currency of late.

Retail 75

Retail Economics eCommerce Currencies 75

PYMNTS

NOVEMBER 19, 2020

Bank of England Chief Economist Andy Haldane advocated for the potential benefits digital currencies can offer in a recent speech given at TheCityUK 10th Anniversary Conference on Wednesday (Nov. The future of digital currencies, Haldane said, is uncertain and most likely varied. So far, that has not been the case.”.

Currencies 89

Currencies Economics Banking Securities 89

PYMNTS

DECEMBER 30, 2020

A lawsuit filed by the Securities and Exchange Commission (SEC) against digital payments firm Ripple is heading to virtual court on Feb. 29) that the SEC's lawsuit has already harmed "countless innocent XRP retail holders with no connection to Ripple" and have “needlessly muddied the waters” for the industry. crypto industry.".

Currencies 130

Currencies Securities Retail 130

PYMNTS

NOVEMBER 4, 2019

According to a new LexisNexis study , overall retail fraud attempts doubled year-over-year and tripled since 2017. The rise of mobile commerce and selling of digital goods has added to retailers’ fraud problems. According to the PYMNTS Securing B2B Payments Report , criminals last year successfully made off with $4.2

Retail 49

Retail eCommerce B2B Currencies 49

PYMNTS

APRIL 17, 2020

Smooth accounts payable (AP) processes are critical in the spice business, in which purveyors must send funds securely to vast numbers of distributors and growers worldwide. Suppliers often feel that such transactions are secure and enable them to avoid the processing fees involved in accepting credit cards. Savoring Safety.

Accounts Payable 60

Accounts Payable Securities Accounting Invoicing 60

PYMNTS

JULY 28, 2019

Initial coin offering (ICO) consultant CoinLaunch will pay $50,000 to settle with the Ontario Securities Commission (OSC). According to the regulator’s website , CoinLaunch was consulted on two ICOs, with both determined to be securities. As a result, CoinLaunch has agreed to pay a $50,000 fine.

Securities 40

Securities Currencies Banking Sales 40

PYMNTS

MAY 3, 2018

billion, up 31 percent year on year and 27 percent in constant currency terms, was better than the $3.3 Of particular note was cross-border volume, which gained 21 percent as measured in local currency, and driven by Europe. borders, the environment is sanguine, with some retail spending growth in the U.K. billion consensus.

Currencies 48

Currencies Numbers CFO Retail 48

PYMNTS

MARCH 1, 2019

Consumers no longer had to carry hard currencies, and they could make purchases using money they expected to earn. Additionally, they give FIs better analytics and reduce retailers’ concerns over payments reversals or cancellations. Security strategies. In turn, businesses could more easily sell higher-priced items.

Securities 53

Securities Reconciliations Banking Invoicing 53

PYMNTS

OCTOBER 10, 2019

Retailers trying to scale their businesses can now get expert help from a new Shopify platform that connects merchants with skilled professionals, Shopify announced in a press release on Thursday (Oct. The new Experts Marketplace connects retailers with external resources and experts who specialize in the Shopify platform.

Retail 43

Retail Currencies eCommerce Securities 43

PYMNTS

AUGUST 21, 2020

Earlier this month, as PYMNTS noted , the Federal Reserve said its Boston bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency. Central bank digital currencies (or CBDCs) have been gathering steam, at least as a concept.

Currencies 107

Currencies Banking Education Technology 107

PYMNTS

SEPTEMBER 30, 2020

Securities and Exchange Commission (SEC) claims that a Florida digital currency trader purportedly bilked customers out of $6.8 The individual was charged with different contraventions of securities laws in a U.S. SALT Blockchain is the firm behind SALT Lending , a loan offering supported by digital currency.

Profit and Loss 60

Profit and Loss Currencies Securities Retail 60

PYMNTS

NOVEMBER 30, 2020

When PayPal announced recently that its 350 million users can deposit bitcoin and other cryptocurrencies in their accounts and spend it at 26 million merchants next year, it was characterized as the inevitable advance of digital currency. Privacy And Security.

Currencies 117

Currencies Treasury Banking Securities 117

PYMNTS

FEBRUARY 9, 2018

The security of the technology is a major concern, he said, with reports of people losing their secret keys or huge chunks of their crypto funds. Gobaud predicts that data commerce will become a reality as businesses look for ways to buy and sell data in a fast, secure way – and he believes that blockchain will be the way to do that.

Securities 56

Securities Currencies Communication Startups 56

PYMNTS

JANUARY 22, 2020

The patent application states that the technology will enable a person to pay in any currency, and allow the recipient to receive that payment in whatever currency they choose, with the network itself automatically changing the first payment into the desired currency.

Currencies 64

Currencies Technology Securities Retail 64

PYMNTS

DECEMBER 14, 2020

EMTECH is rolling out its new Modern Central Bank Sandbox, which will help to streamline regulatory reviews and test central bank digital currencies (CBDCs), a press release says. For example, EMTECH is currently working with the Central Bank of the Bahamas on its Digital Sand Dollar Currency.

Banking 93

Banking Currencies Finance Securities 93

PYMNTS

MARCH 10, 2017

What if we were to tell you that retail shopping isn’t dead? That’s bad news for commercial mortgage-backed securities tied to real estate, where loan viability and payments visibility remains in doubt if rent is not there to cover interest payments or if no tenants are left to pay said rent. Bricks and Mortar , Alive?

Retail 48

Retail Currencies Financial Systems Securities 48

PYMNTS

DECEMBER 29, 2016

Blockchain technology is slowly slinking through the aisles of retail business. As blockchain crawls into other industries, analysts are already predicting that the technology will show up more glaringly in the retail space. Ultimately, payments will continue to become cheaper and faster,” said Shihara. “As

Retail 51

Retail Technology Currencies Startups 51

Global Finance

OCTOBER 31, 2024

Official media in July reported China Merchants Bank Chairman Miao Jianmin’s announcement of a strategic shift for his institution from “retail bank” to “value bank.” The institutional giant is accelerating its transformation into a new retail bank featuring efficient, data-driven interactions between its wholesale and retail operations.

Mergers and Acquisitions (M&A) 52

Mergers and Acquisitions (M&A) Manufacturing Risk Management Construction 52

PYMNTS

JANUARY 7, 2021

Morgan forecasting that the currency could reach $146,000 in the long run. The parabolic move in bitcoin in such a short time period, I would say for any security, is highly abnormal,” Rosenberg told CNBC. Some bitcoin bulls have called bitcoin “digital gold,” CNBC said, with J.P. 6) and trading above $1,200, CoinDesk reported. .

Marketing 132

Marketing Investments Forecasting Currencies 132

PYMNTS

JULY 13, 2020

South Korean crypto users might soon see 20 percent taxes on their currency, according to Cointelgraph. Proposed amendments to existing bills want to classify cryptocurrencies as goods rather than currencies. equity securities, let those users enter into contracts to price those movements with blockchain-based financial transactions.

Currencies 68

Currencies Education Securities Economics 68

Global Finance

JULY 26, 2024

A fragmented regulatory environment, uneven access to financial services, a shallow pool of readily available funds, and currency controls and limitations in some African markets can lead to trapped cash. African banks are empowering clients with greater access to real-time data and greater control over their cash. million).

Cash Management 52

Cash Management Treasury Reconciliations Currencies 52