Daily Business News

FRIDAY, SEPTEMBER 21, 2018

Cross-Border Volume (FX) for Visa & Mastercard Transactions Slipped a Tad in the Q2 MORE

Flipkart Launches Cashless Credit, Eyes Non-Banking License
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Over 2,000 European AI experts Join Hands to Challenge US, China in Artificial Intelligence
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Blockchain will Make a Great Contribution to Donation Payments
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U.S. Credit Card Charge-Off Rates – Slowly But Surely Marching North in Q2
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Beauty App Embraces Crypto Rewards; Associated British Ports Explores Blockchain
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P2P Lending Firms Plan to Police Themselves
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Point of Sale Attacks are a ‘Point of No Return’
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THURSDAY, SEPTEMBER 20, 2018

Credit Card Gross Dollar Volume Tracks with the U.S. Economy Entering Double-Digit Growth YOY MORE

Japanese Cryptocurrency Exchange Hacked, $59 Million in Losses Reported
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Visa, Mastercard Settle $6.2B Swipe Fee Lawsuit
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At Equifax Breach’s Anniversary, Most Institutions Still Lack Resilience
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Capital One U.S. PDV Credit Card Marketshare Soars in Q2 +90 bps YOY
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P2P Lending Platform X Financial Prices US IPO Below Midpoint at $9.50
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Here’s What the CFPB’s Sandbox Should Look Like
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Bitcoin A Lifeline To Palestinians; NY AG Questions Legality Of Binance, Kraken
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WEDNESDAY, SEPTEMBER 19, 2018

Credit Card Rates Rise Nearly 150 bps YOY or 2X Prime Rate Increase MORE

Digital ‘Exhaust’ Provides the Fast ID Security that Millennials Demand MORE

Alipay Has 700M Active Users MORE

Cryptocurrency Regulation: UK Treasury Committee Report Calls For New Rules MORE

Credit Card Debt Remains in Summer Doldrums for July 2018 MORE

Mastercard Files For DLT Patents, SBI Holdings Plans Ripple-Infused App MORE

 

British Airways Breach Shows the Need for 'Constant Compliance’ MORE

Artificial Intelligence Can Transform the Economy MORE


TUESDAY, SEPTEMBER 18, 2018

Circulation of Payment Cards Worldwide Rises 6% YOY in Q2 & to Top 5.5 billion EOY MORE

Mastercard’s Plan for Hurricane Florence Recovery MORE

 

Africa’s Jumo Raises $52M Led by Goldman to Bring its Fintech Services to Asia MORE

UnionPay To Roll Out Branded Card In The UK MORE

Draper Says Cryptocurrency Market Will Eventually Hit $80 Trillion MORE

Fintechs Push to Get Out of the Shadow of Uber, Amazon MORE

Payment Card Transactions for V+M U.S. Rises 9.5% YOY in Q2 MORE

Tezos Launches Main Network, WannaCry Still Used To Mine Crypto MORE

 

MONDAY, SEPTEMBER 17, 2018

Credit Card Yield Remains Solidly 11%+ in 2018 with Capital One the Driving Factor MORE

Cryptocurrency and Blockchain Hugely Popular at Universities MORE

IBM Embraces Blockchain Registry; Crypto Crash Surpasses Dot-Com Bubble Burst MORE

Don’t Let the ‘Trade War’ Divert Attention from Payments Innovation MORE

Ethics and the Pursuit of AI MORE

Visa and Mastercard European Credit Cards Q2 Racking-Up Impressive YOY Gains MORE

A Single Sign-On For Mobile Apps Coming Via US Wireless Carriers MORE

 

P2P-Focused Fintech Aims to Raise £500,000 MORE

The Future of Ambient Banking is in Mobile Pay Apps MORE


FRIDAY, SEPTEMBER 14, 2018

Australian Credit Card Debt Languishes as Consumer Confidence Wanes But Credit Card PDV Marches Upward MORE

Brazilian Retail Giant Partners With Blockchain Payment Service Airfox to ‘Drive Adoption’ MORE

Western Union Launches Mobile App In Mexico MORE

Uber’s ‘Pay with Venmo’ Signals the Slow Death of Traditional POS MORE

Global Q2 Profits for Top 4 U.S. Networks Top 20% YOY – Fueled by Mastercard +33% YOY MORE

High-Profile Firms Plan Blockchain Association,’ Cryptos Tumbled 76% Since January MORE

KinerjaPay Corp. Launches KFUND as Its P2P Lending Platform MORE

What EMV Overlooked MORE


THURSDAY, SEPTEMBER 13, 2018 

U.S. Credit Card Charge-Off Rates – Slowly But Surely Marching North in Q2 MORE

FINRA Takes Down HempCoin Cryptocurrency for Selling Unregistered Securities MORE

Silos and Slow Policy are Hurting Blockchain’s Growth MORE

US Bank Launches Loan To Compete With Payday Lenders MORE

Credit Card Q2 Delinquency Stabilization Evident Among All Banks — Not Limited to Top 4 Issuers MORE

FINRA Files First Crypto Disciplinary Action; Paris Soccer Team Plans ‘Fan Token Offering’ MORE

Ohio’s Blockchain Support Will Boost Innovation for Payments and Fintech MORE

Softbank Finishes Its Blockchain Proof of Concept Pilot For P2P Mobile Payments MORE

 

WEDNESDAY, SEPTEMBER 12, 2018

Capital One U.S. PDV Credit Card Marketshare Soars in Q2 +90 bps YOY MORE

Treating ICOs and Cryptocurrencies the Same Way is an Expensive Mistake MORE

Gen Z Starts Cutting Into Consumer Buying Power MORE

Cryptocurrency Market Update: Bitcoin Dominance Reaches New 2018 High MORE

Top 4 U.S. Card Issuers Q2 Charge-Offs Remain Stable — Hovering Around 3.5% MORE

Blockchain’s on the Rise, But Trust and Laws are Still Lacking MORE

NY Approves First Stablecoins, WeChat Blocks More Crypto Accounts MORE

Japanese Internet Giant GMO Launches Live Cryptocurrency Trading Platform MORE

 

TUESDAY, SEPTEMBER 11, 2018

Credit Card Debt Remains in Summer Doldrums for July 2018 MORE

China Says Blockchain Can Authenticate Evidence, Australia To Closely Monitor ICOs, Crypto MORE

New Laundering Schemes Can Thwart Even the Best Protections MORE

Argentina Back in Crisis: Should the Government Buy Bitcoin? MORE

Excluding U.S. — V+M Q2 Global PDV Rises +14% FX YOY Helped by Mastercard International Debit MORE

TokenEx Uses Multi-Variant Tokenization To Streamline Data Flows MORE

Real-Time Payments Go Corporate MORE

Bank of America Applies for a Blockchain-Based Crypto Storage Patent MORE

 

MONDAY, SEPTEMBER 10, 2018

Payment Card Transactions for V+M U.S. Rises 9.5% YOY in Q2 MORE

Goldman Says Bank Still Looking At How To Offer Bitcoin Access MORE

 

Small Business Processing Automation Benefits More than Small Business MORE

Despite Ban, China Keeps Trading Cryptocurrency Thanks to Tether and VPNs MORE

Major 4 Payment Networks Q2 U.S. PDV (Credit + Debit) in Robust Double Digits YOY MORE

Ethereum And Cardano Hit One-Year Lows, Blockchain Used To Monitor Parolees In Chinese City MORE

Merchants Need to Embrace Payments as a ‘Learning Tool’ MORE

SEC Prohibits Trading in Two Cryptocurrency ETFs MORE

 

FRIDAY, SEPTEMBER 7, 2018

Visa and Mastercard European Credit Cards Q2 Racking-Up Impressive YOY Gains MORE

Think Tank Wants Common Crypto Rules In The EU, Record-Breaking CryptoKitty Nets $170K MORE

Google’s Rebranded ‘Tez’ Gives it a Path Become a Global Payment Giant MORE

Grayscale Makes Multi-Million Dollar Bet on Cryptocurrency ZEN MORE

Big 6 U.S. Card Issuer Q2 Outstandings +6% YOY +13.5% Since Q2/16 – Driven by AXP & DFS MORE

Apple Suspends Plans For Digital Payment Service In India MORE

Bitcoin Suspect Could Shed Light on Russians Targeted by U.S. MORE

GO-JEK Pairs With P2P Lenders To Boost FinTech In S. Asia MORE

 

THURSDAY, SEPTEMBER 6, 2018

Credit Card Profits Among Top 4 Issuers Post Solid Q2 Gains MORE

Crypto Reaches $240B Market Cap, Abra CEO Says SEC Will Allow Bitcoin ETF In The ’Next Year’ MORE

 

Why Fintechs Should be Held to CRA Standards MORE

Bull Trap? Bitcoin Price Slides Below $7K Despite Strong Indicators MORE

Major U.S-Based Card Network Global Q2 GDV Rises 10% YOY – Propelled by MasterCard MORE

 

Square Integrates With Apple Desktop, Chromebook MORE

Mobile Payments Key to Unlocking Smart Cities MORE

Cointopia Raises $3 Million for Marketplace for Blockchain Companies and Services MORE

 

WEDNESDAY, SEPTEMBER 5, 2018

Late Stage Q2 Credit Card Delinquency Hovers at 1.00% for Big 6 U.S. Issuers MORE

UK, China Issue Crypto-Related Warnings, Russian Police Seize 20 Crypto ATMS MORE

Small Biz has Conquered Digital Payments. It's Processing that Needs Work MORE

IBM Reveals Stellar-Based ‘Near Real-Time’ Blockchain Payment Network MORE

COF Continues to Drive Growth in Q2 – Top 4 EOP Outstandings +4% YOY MORE

1.5B Mobile Users To Rely On Biometrics Security By 2023 MORE

Cashierless Checkout: Everything You Need to Know MORE

US Retail Giant Walmart Eyes Blockchain to Improve Delivery Process MORE


TUESDAY, SEPTEMBER 4, 2018

Global PDV for Major 4 U.S. Card Networks Up 12% in Q2 FX YOY MORE

BTC.com Rolls Out Ethereum Mining Pool; Russia Seeks To Track Crypto Operations MORE

Walmart's Complex Payments a Crash Course for New Merchant Group Chief MORE

India Sends Officials to US, Japan and Switzerland to Study Cryptocurrency and ICOs MORE

V + M Q2 U.S. Credit CIF +6% — Debit CIF +7% YOY — Led by Mastercard MORE

IBM’s Real-Time X-Border Payments Network Goes Live MORE

Blockchain Payments are a Perfect Match for Gen Z MORE

South Korea to Double Blockchain Trials in Public Sector Next Year MORE


FRIDAY, AUGUST 31, 2018

Visa + Mastercard LAC Q2 PDV (FX) YOY Surges as Visa Marketshare Continues to Slip MORE

TokenEx Launches Multi-Variant Tokenization MORE

Fintechs are Filling the Merchant Credit Gap, But it’s Not Enough MORE

U.S. Credit Card Q2 PDV Tops Double-Digits YOY MORE

Artificial Intelligence In Retail? Nope - Start With Automation MORE

With Patent Filing, Square Circles Cryptos For Payments At POS MORE

Reserve Bank of India Fears P2P Cryptocurrency Trading Could Harm the Economy MORE

Blockchain's Course Correction MORE

Fintech Startup Pagaya Raises $14 Million in Private Funds MORE

 

THURSDAY, AUGUST 30, 2018

British Brexit Economy Sputters as Credit Card Lending Slows in July Amidst Stagnate Workers’ Pay MORE

Alabama Works On ‘Operation Cryptosweep,’ Venezuelan Banks Ordered To Accept ‘Petro’ Crypto MORE

As Payment Fraud Spikes, Involving Customers can Aid Prevention MORE

 

Top 4 U.S. CC Issuers Q2 30+ Day DEL Edges Down 4 bps YOY MORE

‘Africa’s Stripe,’ Paystack, Snags $8M From Visa, Tencent, Stripe MORE

Google’s Cryptomining Crackdown is a Smart, Energy Saving Move MORE

JPMorgan’s Balancing Act Between Blockchain and Crypto MORE

 

WEDNESDAY, AUGUST 29, 2018

Big 6 U.S. Issuer Portfolio Q2 Yields Solidly 11%+ w/COF & DFS Leading the Path MORE

The Growing Impact of Artificial Intelligence on Financial Institutions MORE

India Central Bank Sets Up Blockchain Division; Samsung Subsidiary Blockchain Solution Streamlines Bank Transactions MORE

Digital Transactions' Speed is a Gateway to Account Fraud MORE

V+M Q2 U.S. Credit + Debit Cards GTX Up 7.9% YOY – Up 180 bps Over 2017 MORE

Beijing to Take Action to Tackle P2P Lending, Stock Market Leverage Risks Amid Trade War MORE

Mitek CEO to Depart in Leadership Shuffle MORE


TUESDAY, AUGUST 28, 2018

Big 6 Issuers Q2 U.S. Charge-Offs +18 bps YOY – Trending Upward Since Q1/17 MORE

JP Morgan CIO: Blockchain Will Replace Existing Technology MORE

China Intensifies Its Crypto Crackdown MORE

How Artificial Intelligence is Changing Business in Every Industry MORE

How the Latest mPOS Hacks Made Vendors More Secure MORE

V+M Canada Q2 PDV +10% YOY (FX) & CIF +9.5% YOY MORE

Visa Makes Strategic Investment In Paidy MORE

 

MONDAY, AUGUST 27, 2018

Credit Card Q2 Delinquency Stabilization Evident Among All Banks — Not Limited to Top 4 Issuers MORE

Indiegogo Kicks Off 1-Percenter Token Sale, Binance Rolls Out Blockchain Incubator MORE

Facebook’s Latest Data Push Creates Risk for the Payments Industry MORE

Why the Artificial Intelligence Bubble Looks Like it has Already Burst MORE

COF Continues to Drive Growth in Q2 – Top 4 EOP Outstandings +4% YOY MORE

Venmo Might Get Rid Of Public Transaction Posts To Protect User Privacy MORE

Cryptocurrency and Blockchain are the Last, Best Way to Win Young Consumers MORE


FRIDAY, ​AUGUST 24, 2018

Top 4 U.S. Card Issuers Q2 Charge-Offs Remain Stable — Hovering Around 3.5% MORE

Thailand Central Bank To Adopt Ripple Rival; WeChat Bans Crypto News Accounts MORE

The New Causes of Mobile Payments Fraud MORE

South Korea Is Cementing Its Place As A Global Blockchain Leader MORE

V + M Q2 U.S. Credit CIF +6% — Debit CIF +7% YOY — Led by Mastercard MORE

Adyen POS Processes Volumes Up 120 Pct YOY In 1H MORE

Resistance to U.K.’s Open Banking Regs is Futile MORE

 

THURSDAY, AUGUST 23, 2018

U.S. Consumer Credit Card Debt Growth Slows as FOR/DSR Ratios Remain Stable MORE

US Senate Mulls Gov’t Blockchain; Australians Pay Bills Via Crypto MORE

CRA-Like Standards for Fintechs Could Reduce Access to Credit MORE

KeyBank to Apply AI Tech from Mastercard to Make More Informed Authorization Decisions MORE

U.S. Credit Card Q2 PDV Tops Double-Digits YOY MORE

 

Germany Wants New, Non US Global Payments System MORE

Remittances' Economic Impact is Being Underestimated MORE

 

WEDNESDAY, AUGUST 22, 2018

Excluding U.S. — V+M Q2 Global PDV Rises +14% FX YOY Helped by Mastercard International Debit MORE

In UK, Warnings On Crypto Scams, While Bitcoin Wilts MORE

Organizations Don't Have to Go 'All In' to Automate Corporate Payments MORE

Tencent Enhances WeChat's Payment Features in Malaysia MORE

Consumer Credit Card Debt Solidly Above $1T; But Plateaued in June; +4.9% YOY Quarterly MORE

Bitcoin Has a Scale Problem. Here's How to Fix That MORE

$8B In Bad Credit Card Debt Write-Offs Worry US Banks MORE

 

TUESDAY, AUGUST 21, 2018

Major 4 Payment Networks Q2 U.S. PDV (Credit + Debit) in Robust Double Digits YOY MORE

Coinbase Snares Patent For Bitcoin Payments Network MORE

Visa's Outage Shows the Value of Modern Quality Assurance MORE

Mobile Merchant Transactions to Help Drive Financial Inclusion MORE

Top 4 U.S. CC Issuers Q2 30+ Day DEL Edges Down 4 bps YOY MORE

Capital One Eyes Blockchain For Authentication MORE

Payments' New Diversity will Falter Without Innovative Gateways MORE

 

MONDAY, AUGUST 20, 2018

Major 4 Q2 U.S. Credit Card GDV +9.4% YOY MORE

Ripple Eyes China’s Cross-Border Payments Market MORE

 

Exobot Attacks Banks, but has its Eye on Payments, Retail and e-Commerce MORE

 

PSCU Adds Ondot's Suite of Card Control Services MORE

 

V+M Q2 U.S. Credit + Debit Cards GTX Up 7.9% YOY – Up 180 bps Over 2017 MORE
 

Cryptocurrencies Are 70 Percent Lower Than January Highs MORE

 

Apple Pay's Recent Moves Bode Well for In-Store Payments MORE
 

 

 

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