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IRS Conducting Aggressive Virtual Currency Money Laundering Probes
Internal Revenue Service examiners are conducting bank-like exams of virtual currency firms for possible anti-money laundering violations, Financial Crime Enforcement Network Director Jennifer Shasky Calvery said May 6.  more »
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Affirm CEO Max Levchin
While PayPal deals with Consumer Financial Protection Bureau probes related to its consumer credit products, one of the company's founders is forging ahead with a company he created to develop its own consumer credit service for e-commerce. more »
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Corporate payment company WEX has launched a fleet fuel card tailoredto smaller businesses. more »
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Instant card issuance builds immediate value in the eyes of the consumer, and also helps them feel like a valued customer, potentially increasing their card usage rate and extending the longevity of the business relationship. more »
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In theory, all parties benefit when consumers have their choice of payment options, but the deluge of new technologies has led issuers to respond in ways that could create lasting frustration for consumers and merchants. more »
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Kwik Chek Food Stores' new technology for updating gas prices at the pump also pushes those price changes to motorists using its mobile payment app, a feature that gets customers engaged with the retailer long before they pull up to the pump. more »
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Digital currency firm Ripple Labs just made history—but not the kind it's been hoping for. more »
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The Weve joint venture is breaking up, with Telefonica O2 buying out the U.K. telcos that joined it four years ago in planning a country-wide mobile payment system. more »
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Home Depot Inc. plans to enable Apple Inc.'s mobile-payment platform at its more than 2,000 stores, making it the largest retailer to accept Apple Pay. more »
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Visa Europe plans to increase V.me digital wallet use this year by getting more U.K. issuers and retailers involved in the online payment service. more »
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A big problem holding back mobile payments is a "chicken-and-egg" issue that Apple Pay's U.S. rollout and pending debut in Europe can reverse. more »
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Because biometrics can't be reduced to a single hash (a number generated from a string of text), providers that store biometric information must rely on the security of their encryption keys for safekeeping of data that can't be revoked. more »
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PayByPhone is bringing mobile payments to parking meters in cities around the world, and the vendor argues that its platform will attract consumers that don't want a different app for every city they travel to. more »