It almost seems counterintuitive that a health savings account would be so attractive that it could actually be used as a marketing tool to recruit prospective employees and retain existing ones.
Brim Financial is the only non-bank or credit union to have an issuer licence from Mastercard Canada. Unlike other countries, Canada doesn't require credit card issuers to have bank licenses or bank sponsors.
For Citigroup, a change in how it plans to operate in the U.S. is all about streamlining operations so its global network can be on the same page regarding product development, payments technology and card portfolio growth.
Starling Bank, a U.K.-based digital-only bank, is among the latest European banks offering the benefit of its full banking license and its technology to companies that want to offer white-labeled banking products and debit or credit cards but don’t want to invest in a banking license or technology.
Consumers, who often understand little to anything about the fees retailers pay to accept cards, will not care about the details of the fight and will place their displeasure solely on the shoulders of any large retailer that elects this strategy, writes Myron Schwarcz, executive vice president of Strategic Resource Management.
Banks — especially smaller ones — are being told to brace themselves for a wave of ATM raids by cybercrooks. Industry officials are uncertain what information the red alert is based on, but experts say swift, sophisticated thefts are very doable.
The information you need to start your day, from PaymentsSource and around the Web. Today: Alipay and WeChat are available at Mall of America; ATM attackers hit bank in India; Faster payments boosts business automation; Square expands bitcoin support.
Proximity to the client is crucial. Only by understanding your client’s perspective on AI can you deliver a project that is truly worthwhile, writes Naomi Bowman, managing director at Berkeley Research Group.
Executive Vice President
Strategic Resource Management
Consumers, who often understand little to anything about the fees retailers pay to accept cards, will not care about the details of the fight and will place their displeasure solely on the shoulders of any large retailer that elects this strategy, writes Myron Schwarcz, executive vice president of Strategic Resource Management.
In blockchain, a dispersed network of stakeholders takes over the previous owners of such services. These providers and users not only own but maintain the services that are powered by the blockchain. They also get to share the profits that are produced by the services, contends Donika Kraeva, communications manager at Dentacoin.
Proximity to the client is crucial. Only by understanding your client’s perspective on AI can you deliver a project that is truly worthwhile, writes Naomi Bowman, managing director at Berkeley Research Group.
Each of these wallets has developed its own personality — and, presumably, its own must-have feature to pull consumers and merchants away from the competition.
While mass transit has long been seen as a potential catalyst for changing payment habits, it's apps such as Uber, Grab and Lyft that are making the biggest difference in how people pay for transportation.
How will you stay ahead in the data science arms race? Banks are shoring up their AI-enabled fraud prevention resources, in part by investing in data science teams. Meanwhile, fraudsters are rapidly evolving their tactics. The winners in this adversarial climate will be the banks that combine the best in-house data science with open source tools.
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