Investor sees blockchain as key to GDPR compliance

The rules that govern data are changing rapidly, creating confusion for the companies that use blockchain to support payments, as well as potential investment opportunities for third parties that can ensure compliance.

Article For retailers to fully leverage tech progress, payments must lead

Thinking strategically and leveraging progress to anticipate what’s next

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Payments May 1
PayThink Online retailers are too focused on customer experience over security

Phishing is the likely culprit behind the recent Saks and Lord & Taylor breaches. Stronger email protection required to combat the threat, according to Matthew Verhout, 250ok's director of privacy.

Data breaches Matthew Verhout 7h ago
Visa invests in bringing open tech to a global market

When Visa opened its tools to third-party developers two years ago, it was a strong pivot away from a longstanding of operating a closed, proprietary network. Its latest investments indicate this strategy is of growing importance on a global scale.

Venture funding John Adams May 24
Amex launches rewards-based blockchain test with Boxed

American Express is putting its involvement in the Hyperledger Project to the test, deploying blockchain technology with Boxed to enable the digital warehouse merchant to customize a rewards plan for Amex cardholders.

Blockchain David Heun May 24

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Bitfinex said to find Caribbean bank after Wells Fargo exit

Due diligence in the sometimes shadowy universe of digital money often means trying to unscrew the inscrutable.

Bitcoin May 24

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Novogratz says DOJ bitcoin manipulation probe a 'good thing'

Major cryptocurrency proponents seemed unfazed by news the Department of Justice has started a criminal probe into potential trading manipulation.

Bitcoin May 24

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Article Dual interface unlocks opportunity

Why now is the perfect time to capitalize on Dual Interface EMV cards.

Payments May 1

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5.24.18 Your morning briefing

The information you need to start your day, from PaymentsSource and around the Web. Today: Hyundai collaborates on car pay tech; Fintechs take another crack at cryptocurrency payments; A fifth of Americans think cash payments will fade fast; Paytm puts a financial inclusion army in the field.

Briefing John Adams May 24

Briefing John Adams May 24
PayThink The networks' 'button' is a start, but not enough to beat PayPal

Adriana iordan
Vice President of product management 2Checkout

Avoiding repeating past mistakes will not be enough. Visa, Mastercard, Amex and Discover need to bring some added value that could trump PayPal’s already end-user-friendly solutions, writes Adriana iordan, vice president of product management for 2Checkout.

Payment cards May 24

Payment cards May 24
With payments getting faster, pressure is on dispute resolutions to catch up

In an age of quick processing for digital payments, transaction disputes can still take weeks for a resolution or chargeback — an unacceptable time frame for e-commerce. To hasten dispute resolution, some vendors are beginning to offer financial incentives to merchants that agree to speed up the process.

Payment processing John Adams May 24

Payment processing John Adams May 24

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Online retailers are too focused on customer experience over security

Matthew Verhout
Director of Privacy
250ok

Phishing is the likely culprit behind the recent Saks and Lord & Taylor breaches. Stronger email protection required to combat the threat, according to Matthew Verhout, 250ok's director of privacy.

Data breaches 7h ago
The real fight over CFPB's payday rule is just beginning

Victoria Finkle
Editor
American Banker

It's too late for Congress to overturn the consumer bureau's regulation on short-term lending, but acting Director Mick Mulvaney will have plenty of chances to reshape it.

Payday lending May 24
The networks' 'button' is a start, but not enough to beat PayPal

Adriana iordan
Vice President of product management
2Checkout

Avoiding repeating past mistakes will not be enough. Visa, Mastercard, Amex and Discover need to bring some added value that could trump PayPal’s already end-user-friendly solutions, writes Adriana iordan, vice president of product management for 2Checkout.

Payment cards May 24

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In Pictures

Data: Digitizing SMB payments

Small and midsize businesses (SMBs) are adapting to digital payments technology at slower speeds and for different reasons than larger enterprises. Cash and checks still account for almost half of all SMB payments, and SMBs have lagged behind other merchants in the U.S. shift to EMV technology.

8 ways AI will change banking and payments

Bank executives say artificial intelligence will create jobs, while analysts say the opposite. Employees are anxious but willing to try to work with it. All agree AI is already making an impact.

Data: Hispanics’ growing power in payments

Behavioral data about Hispanics’ use of digital payments is scarce, but the sector as a whole spends more than $1.4 trillion annually and its population growth rate significantly outpaces the mainstream, based on U.S. Census Bureau data.

Resources

Web Seminar The building blocks of vendor risk management

Vendors pose a startling array of risks--operational, reputational, credit, compliance, even strategic.

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Podcast Why P2P Matters – It’s A Game Changer

Millennials are big adopters but others age groups are showing interest

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P-to-P payments November 10, 2017
Podcast The Future of Mobile Wallets

What are the opportunities for banks to compete?

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