PYMNTS

MAY 1, 2020

In many ways, the rise of crypto and digital currencies like Bitcoin aims to address some of these issues, empowering payers and payees with a way of bypassing the “middleman” of the inter-banking system for faster transaction speeds. .” Choice, he said, is key to guiding corporates toward a digital currency ecosystem.

Currencies 68

Currencies Accounting B2B Reconciliations 68

PYMNTS

OCTOBER 9, 2020

In terms of collaboration, as noted in this space, the Federal Reserve is working in collaboration with seven other central banks and the Bank for International Settlements (BIS) to bring together a framework that would smooth the path to digital currency issuance. The Federal Reserve Bank has been exploring a digital currency.

Currencies 70

Currencies Banking Retail Securities 70

PYMNTS

DECEMBER 6, 2020

MonetaGo , which specializes in blockchain technologies, and GUUD Company , which focuses on making international trade smooth, have teamed up on international financial transaction security, MonetaGo announced in a press release. Both companies are based in Singapore. Going paperless has to happen.”.

Securities 82

Securities B2B Leadership Finance 82

PYMNTS

JANUARY 21, 2019

A new report has revealed that Fortnite’s in-game currency is being used to launder money from stolen credit cards. According to a report by The Independent and cybersecurity firm Sixgill , a hacker will access someone else’s credit card information, and then use it to create a Fortnite account and buy V-bucks, which is the game’s currency.

Currencies 84

Currencies Securities Accounting 84

PYMNTS

JULY 16, 2020

United Nations Federal Credit Union (UNFCU) has partnered with cross-border payment network Thunes in order to bring mobile wallet money transfers in local currencies to members, according to a press release. “Since the launch of the service in February, transaction volume has grown 68 percent on average.

Currencies 67

Currencies B2B Banking Finance 67

CFO News Room

JANUARY 18, 2023

Weeks before cryptocurrency exchange FTX filed for bankruptcy , dozens of young Nigerians in skintight dresses and brightly colored suits shimmied under limbo bars, posed for photos in front of the company’s logo and sipped expensive liquor at a swanky beachfront venue.

Currencies 100

Currencies Marketing Technology Investments 100

PYMNTS

MAY 29, 2019

A European Central Bank ( ECB ) official is throwing his support towards wholesale central bank digital currencies (CBDCs). A wholesale CBDC could be used to boost payments and securities settlement efficiency, as well as to reduce counterparty credit and liquidity risks, he said, according to CoinDesk. “[A

Currencies 76

Currencies Banking Retail Accounting 76

PYMNTS

APRIL 8, 2020

After a cybercriminal took advantage of a sizable software flaw to steal digital currency valued at over $250,000, Bisq suddenly stopped allowing trading Tuesday night (April 7) when it came across “a critical security vulnerability,” Coindesk reported. The default fallback is where digital currency arrives if a trade does not work.)

Securities 89

Securities Currencies Investments Technology 89

PYMNTS

MAY 13, 2020

The Bank of Mauritius is progressing toward providing a central bank digital currency (CBDC) per its governor, CoinDesk reported. Seegolam noted that any digital currency would need to be distributed via the current banking system to steer clear of the risk of putting the island’s financial system in an uneven position.

Currencies 61

Currencies Banking Forecasting Financial Systems 61

PYMNTS

AUGUST 19, 2019

To provide users with different levels of access to funds that are stored, Bank of America is reportedly aiming to patent a security system that is “partitioned” for crypto-wallets. The office published the application last week and lists a senior tech manager at the bank, Manu Kurian, as the inventor.

Currencies 77

Currencies Transportation Securities Banking 77

Future CFO

MAY 10, 2021

Alibaba affiliate Ant Group is participating in China’s digital currency trial, according to a report by China Securities Journal. According to the report, six state-owned banks in China have participated in the country’s digital currency trial.

Currencies 40

Currencies Banking Securities Accounting 40

PYMNTS

NOVEMBER 21, 2019

A group of senators have introduced a bill that would classify Facebook’s proposed cryptocurrency Libra as a security under the law, according to a report by CNBC. The bill is called the “Managed Stablecoins are Securities Act of 2019” and was proposed by two members of the House Financial Services Committee, Reps.

Securities 54

Securities Currencies Numbers Marketing 54

PYMNTS

NOVEMBER 21, 2019

A group of senators have introduced a bill that would classify Facebook’s proposed cryptocurrency Libra as a security under the law, according to a report by CNBC. The bill is called the “Managed Stablecoins are Securities Act of 2019” and was proposed by two members of the House Financial Services Committee, Reps.

Securities 58

Securities Currencies Numbers Marketing 58

PYMNTS

JULY 23, 2019

Facebook’s inability to detect the circulation of fraudsters could further discredit Libra and generate even more distrust as regulators investigate the proposed global currency. It also introduces a new programming language, Move, designed to make it more efficient and secure.

Currencies 54

Currencies Communication Securities Numbers 54

PYMNTS

OCTOBER 3, 2019

While Philadelphia Federal Reserve Bank President Patrick Harker believes it’s “inevitable” that central banks will eventually issue digital currencies, he warned that the United States shouldn’t be first in line. He admitted that when it comes to the future of the Fed, digital currency will most likely play a part. “I

Currencies 55

Currencies Banking Securities Planning 55

PYMNTS

DECEMBER 27, 2020

The rise of the currency's value has been surging just over the past holiday weekend, breaking $25,000 on Friday (Dec. The update will help to alleviate a common issue with bitcoin in that there were few user-friendly, secure methods to buy, sell and use cryptocurrency in general. The price of bitcoin has passed $28,000 on Sunday (Dec.

Currencies 101

Currencies Planning Banking Securities 101

PYMNTS

MARCH 3, 2020

The blockchain for the Marshallese sovereign (SOV) digital currency will be developed with Algorand technology, according to an announcement. This partnership ensures that the SOV will be built on a scalable and secure platform.”. The supply of SOV will be set to increase at 4 percent yearly to stop inflation from occurring.

Currencies 67

Currencies Planning Compliance Securities 67

Musings on Markets

JANUARY 27, 2021

In this post, I will take a look at these other markets, starting with a way of dividing investments into assets, commodities, currencies and collectibles that I find useful in thinking about what I can (and cannot) do in those markets, and then reviewing how these markets performed during 2020. Currencies : A currency serves three functions.

Currencies 52

Currencies Investments Marketing Treasury 52

PYMNTS

JULY 10, 2020

Stablecoins, the virtual currencies which seek price stability, could be the next target for money laundering and terrorist financing, a report found. The group said it was worried that the potential widespread adoption of stablecoins would be outside regulatory agencies and make it easier for criminals to break the law with the currency. “If

Currencies 56

Currencies Benchmarking Finance Economics 56

Strategic Treasurer

OCTOBER 14, 2022

Global Payments Survey Shows Fraud Concern and Security Investment Plans. Results show the top challenges and areas of planned investment among companies of all sizes, with fraud and security as consistent themes. The second highest challenge for all firms overall was security fraud management at 49%.

Securities 52

Securities Investments Planning Treasury 52

PYMNTS

JULY 16, 2019

Treasury Secretary Steven Mnuchin believes that Facebook’s proposed cryptocurrency could pose as a national security threat. In a press conference on Monday (July 15), Mnuchin warned that Libra “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.”.

Treasury 75

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PYMNTS

DECEMBER 5, 2019

5) that digital currencies like Facebook’s Libra have no place in the European Union unless the consequences and pitfalls are adequately sorted out, Reuters reported. “No As a cryptocurrency, Libra is considered a stablecoin because it would be backed by traditional currency or securities.

Currencies 52

Currencies Finance Financial Systems Banking 52

Global Finance

OCTOBER 16, 2024

Lim Soon Chong , Group Head of Global Transaction Services, DBS As financial institutions seek to expand their cross-border payment capabilities, the challenge lies not only in scaling to new corridors but also in managing the complexity of currency volatility and compliance. Real-world applications of this approach are already in motion.

Currencies 105

Currencies Economics Leadership Compliance 105

PYMNTS

NOVEMBER 7, 2016

4) it inked a partnership with Banque Régionale de Marchés (BRM) to provide a digital currency in the West African Economic and Monetary Union (WAEMU). The secure digital instrument can be used across all existing payment platforms and will be equivalent in value to physical legal tender, eCurrency said in the press release.

Currencies 73

Currencies Compliance Securities Economics 73

Global Finance

OCTOBER 21, 2024

BofA launched Guaranteed FX Rates beyond a 24-hour period eight years ago, supporting over 200 currency pairs. The one-year tenor is available in 37 currency pairs. Securing guaranteed FX rates of longer tenors can help them improve forecasting, which will lead to better informed decision-making.”

Cash Flow Forecasting 110

Cash Flow Forecasting Treasury Forecasting Cash Management 110

PYMNTS

DECEMBER 24, 2019

The People’s Bank of China said that China’s cryptocurrency, the digital yuan, will not need a currency basket to keep its value, according to a Monday (Dec. The [digital yuan] currency is not used for speculation. It isn’t known if there is another way to put a value on the currency without using the traditional renminbi.

Currencies 58

Currencies Finance Securities Banking 58

PYMNTS

NOVEMBER 3, 2019

FinTech company SPEZA announced that it will be able to accept China’s Digital Currency Electronic Payment (DCEP), the world’s first sovereign digital currency. The digital asset solutions provider, exchange operator and regulator, based in Malaysia, will also accept all major digital assets listed on SPEZA Digital Asset Exchange.

Currencies 40

Currencies Banking Economics Technology 40

PYMNTS

OCTOBER 27, 2019

Under the new regulation, cryptography will be organized into commercial crypto, as well as core and common, which will be governed by special authority and utilized to keep national secrets secure. . David Marcus , the executive in charge of Facebook’s proposed digital currency, said if Libra fails, the U.S.

Currencies 43

Currencies Banking Securities Technology 43

PYMNTS

JANUARY 9, 2020

Lenders including Barclays, HSBC, Royal Bank of Scotland and Virgin Money had to stop foreign currency services after exchange provider Travelex was hit by a ransomware gang, according to reports on Thursday (Jan. The National Cyber Security Centre said it was providing technical support. The attack occurred on New Year’s Eve.

Currencies 52

Currencies Foreign Exchange Banking Securities 52

PYMNTS

SEPTEMBER 20, 2019

The lawsuit, which alleges that Ripple illegally sold unregistered securities related to the XRP cryptocurrency, could have some repercussions in the crypto world. Specifically, it could change how cryptocurrency is viewed going forward, as it seeks to answer the question of whether digital coins should be viewed as securities or not.

Securities 54

Securities Currencies Sales 54

PYMNTS

JUNE 24, 2020

The Australian Securities & Investment Commission (ASIC) has reported an increase in the volume of investment scam reports by investors and consumers in Australia amid the pandemic, according to a press release.

Currencies 67

Currencies Banking Investments Economics 67

PYMNTS

SEPTEMBER 24, 2019

Securities and Exchange Commission declined to tell a congressional panel if the digital currency would be regulated as a security. When asked if he thought Libra would be a security, the official said, “I’m not prepared to make a decision like that here.”. Clayton could have a pivotal part in possibly regulating Libra.

Securities 46

Securities Currencies Finance Planning 46

PYMNTS

APRIL 6, 2020

The plaintiffs, who are investors with the companies, allege the companies sold unregistered securities that totaled in the billions, according to published reports. The individual, a previous staffer at another financial services firm, and a certified general surgeon made a scheme seemingly as a way to join funds to trade digital currencies.

Currencies 52

Currencies Banking Securities Investments 52

PYMNTS

NOVEMBER 7, 2019

In other news, the European Central Bank might want to issue its own digital currency in response to Facebook’s plans for its crypto, Libra. That means that any virtual asset firm trading at least one security token will be under the SFC’s scrutiny, while applications for peer-to-peer (P2P) exchanges will not be reviewed by the agency.

Currencies 40

Currencies Securities Banking Investments 40

PYMNTS

MARCH 12, 2020

Meanwhile, as the tax authority in Australia puts digital currency traders in its sights, many people in the country will get a warning in the following weeks from the Australian Taxation Office (ATO), news.com.au Digital currencies, for their part, are seen as a property type and an asset when it comes to capital gains tax.

Securities 52

Securities Currencies Auditing Sales 52

PYMNTS

JANUARY 7, 2019

Coverage includes the launch of Wirecard and Ctrip ’s multi-currency Visa cards for customers in China. Digital financial technology company Wirecard and online travel agency Ctrip are rolling out multi-currency Visa cards to Ctrip customers in China, Wirecard said in an announcement. In addition, U.K.

Currencies 67

Currencies Retail Securities Technology 67

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