Altcoins for the alt-right? Charlottesville's consequences for payments

In the wake of this weekend's violence in Charlottesville, Va., payments brands are working hard to disassociate themselves from the myriad groups promoting hate. A question that should come to mind right away is: Why were these hate groups even able to work with banks and payments companies as recently as last week?

White Paper Encashing the data currency: Banking on analytics

Download this white paper to learn how to analytics are making retail banks more customer friendly, safe and efficient.

Sponsor content from

Online banking July 31
Block hate groups? It’s not so simple

Payment processors and banks are being called on to cut off funds to white supremacist groups, but there are practical and legal limits to what firms can do.

AML John Heltman 53m ago
Millennials can be lured to credit cards by putting rewards within reach

Credit card issuers are still targeting high-spending customers, who tend to be resilient to economic swings, but competition at the top is brutal and marketing costs are high. At the other end of the credit spectrum, it’s a different story.

Credit cards Kate Fitzgerald August 17
8.17.17: Your morning briefing

Welcome to the PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Payments innovation advances in Singapore for young and old; Youth payment company Spriggy raises funds; Australia's post office teams with Mastercard for financial inclusion.

Briefing John Adams 5h ago

The Latest

Card rewards give banks a rare achievement — happy customers

Credit card issuers have been trying to outdo each other to offer the best rewards program. And it shows, as customer satisfaction rates with many (but not all) of their banks have never been higher in a yearly J.D. Power study. But they may not last forever.

Credit cards Andy Peters 44m ago

Credit cards Andy Peters 44m ago
PayThink Open payment tech lowers merchant service costs

Ryan James
CEO Surety Bank

So, in theory, businesses that want to run a payment service such as Stripe, can sign up directly at their bank, with a competitive rate, writes Ryan James, CEO of Surety Bank.

PayThink Conference 2h ago

PayThink Conference 2h ago
Investors pour money into security of the growing Internet of Things

The commercial potential of internet-connected devices appears bound only by imagination and comfort. For security companies, there's a similar broad horizon as watches, refrigerators and other everyday items become tools for payments.

Venture funding John Adams 4h ago

Venture funding John Adams 4h ago
PayThink Tokenization can drive blockchain innovation

Jason English
Vice President Sweetbridge

If tokenization can help us recapture liquidity not only for currencies, but by digitizing the value of all assets, time and work in a more flexible, fair exchange, that’s exciting, writes Jason English, vice president of protocol marketing for Sweetbridge.

PayThink Conference August 17

PayThink Conference August 17
Visa, Discover, Mastercard cut ties with extremist groups after rally

Companies behind the most popular U.S. credit cards said they are severing ties with extremist organizations that incite violence after they came under pressure to stop providing ways for white supremacists groups to raise funds.

Payment processing August 16

Payment processing August 16
Wirecard to CFPB: Give us another year, make these changes

The prepaid card industry already succeeded in getting one delay for complying with new Consumer Financial Protection Bureau rules, and at least one top prepaid card issuer is now requesting additional rule-changes and an extra year to comply.

Prepaid cards Kate Fitzgerald August 16

Prepaid cards Kate Fitzgerald August 16

See more of The Latest

PayThink

Open payment tech lowers merchant service costs

Ryan James
CEO
Surety Bank

So, in theory, businesses that want to run a payment service such as Stripe, can sign up directly at their bank, with a competitive rate, writes Ryan James, CEO of Surety Bank.

PayThink Conference 2h ago
Tokenization can drive blockchain innovation

Jason English
Vice President
Sweetbridge

If tokenization can help us recapture liquidity not only for currencies, but by digitizing the value of all assets, time and work in a more flexible, fair exchange, that’s exciting, writes Jason English, vice president of protocol marketing for Sweetbridge.

PayThink Conference August 17
Community banks stand to gain from blockchain — if they work together

Jalal “Jay” Shehadeh
General Counsel
U.S. Century Bank

Collaboration will help make up for cost concerns from adopting the technology and ensure that the core vendors get the message of community banks’ interest.

PayThink Conference August 16

See all Paythink

In Pictures

7 rumored iPhone 8 payments features

With this year's iPhone announcement getting closer, more rumors are spreading about how Apple plans to overhaul the way its phones handle payments. Some of these have already been confirmed by Apple; others are leaking in code the company has released.

7 ways to reinvent the plastic card

From gold plating to silicon guts, the plastic card is not what it used to be. Here are some of the most ambitious attempts to make credit and debit cards relevant in a high-tech world.

7 plans for a faster U.S. payments system

A task force convened by the Federal Reserve released its evaluations last week of 16 proposals to build a faster U.S. payment system. What follows is a brief look at some of the plans that received high marks.

Resources

Web Seminar The compliance/usability conundrum for digital onboarding and payments

Balancing the competing needs of compliance against the expectations of today’s digital native customers is no easy task.

Sponsor content from

Mobile banking
White Paper The key ingredients to a successful omni-channel banking strategy

Download this white paper to learn how to stay competitive by embracing an omni-channel banking strategy.

Sponsor content from

Online banking July 31
White Paper Encashing the data currency: Banking on analytics

Download this white paper to learn how to analytics are making retail banks more customer friendly, safe and efficient.

Sponsor content from

Online banking July 31
White Paper The FinTech revolution: Onslaught or opportunity?

Download this white paper to learn how banks are prioritizing tech considerations in the FinTech revolution.

Sponsor content from

Online banking July 31

See all Resources

See Also

Get us in your inbox

The Latest

PayThink

In Pictures

Resources

Get us in your inbox

Like what you see? Make sure you're getting it all

PaymentsSource