Bank Of America Accused Of Aiding $102M Ponzi Scheme
Bank of America has been accused in a lawsuit of providing more than 100 accounts, used to carry out a $102 million Ponzi scheme. According to Bloomberg, the class-action suit, Heinert v. Bank of...
View ArticleVisa, Mastercard May Reach Settlement In Card Swipe Fee Suit
More than a decade after merchants brought a class-action suit against Mastercard, Visa and card-issuing banks in 2005, a settlement between the parties is reportedly in the works. While it is not...
View ArticleFIs Beef Up Loyalty And Digital Wallet Features
As digital banking and payments become mainstream, financial institutions (FIs) are stepping up their efforts to improve customer engagement (CE). The moves comes as consumers expect excellent product...
View ArticleTwo-Sided Markets Sizzle, Swipe Fees Fizzle And Exactis Leaks A Lot Of Data
Fizzle of the Week: Exactis “Records are made to be broken.” That famous quote has been assigned, in some variation, to Richard Branson, Michael Phelps, Red Auerbach, Karl Malone and Jackie...
View ArticleBank Of America Deploys Biometrics For Enterprise Mobile Banking
Enterprise processes are starting to look a lot more like the consumer world. From procurement’s path to mimic an Amazon experience, to the Bring Your Own Device movement, corporates have embraced the...
View ArticleNew Friends Edition: Amazon, Amex, Santander, Ripple, BoA
This week, the World Cup reminded us all that friendships can emerge in the strangest and most unexpected ways. In a testament to how truly confusing the World Cup rules are, Germany was bounced from...
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Investing In The Future As It Unfolds
Here is a quick survey of the world of payments, commerce, financial services and financial technology at the mid-point of 2018. Everyone is trying to get on board with what’s next, but, of course,...
View ArticleH1 2018 — The Best Of B2B (So Far)
The B2B payments market is already enjoying a solid year, thanks to some of the biggest names in payments and FinTech taking a solid stance in the space. However, it wasn’t just the mergers and...
View ArticleBlockchain Co R3 Eyes IPO
Sources are reporting that R3 — a blockchain-software company that works with big companies such as Intel, Microsoft, U.S. Bank and Wells Fargo — is considering going public. According to Bloomberg,...
View ArticleBank Of America Earmarks $500M In Tech Spend As Mobile Use, Zelle Soar
Continuing the recent string of earnings from big banks – a string that kicks off earnings season per tradition – Bank of America said loan growth and a boost in digital initiatives boosted results in...
View ArticleZelle Catches A Growth Wave, Threatening Venmo
The Q2 earnings season has just kicked off, and it’s already helping shedding light on recent developments in the peer-to-peer (P2P) world — most notably, the shape of the ongoing competition between...
View ArticleWhat Q2 Earnings Say About Business Spend
Corporations will always put their best foot forward when releasing earnings data, but the stats revealed by members of the financial services community offer a window into the financial habits of...
View ArticleWinning, Losing And Playing Catch-Up
While the world loves to pick winners and losers – and will occasionally turn things into horse races that possibly shouldn’t be – it is not always an easy thing to assess. Because in real life, as...
View ArticleIn FinTech, The Race for Patents (And More)
In technology, innovation, of course, is as critical as oxygen, fueling the “next big thing” and boosting top and bottom lines. And shoring up that “next big thing” comes with patent filings, part of...
View ArticlePapa John’s Hires Financial Advisors To Help Turn Business Around
Papa John’s has hired Bank of America and Lazard as financial advisors, as the national chain tries to recover from weak sales and negative publicity surrounding its founder. According to CNBC, the...
View ArticleBank Of Spain Site Disrupted Via DoS Attack
The Bank of Spain’s website has been temporarily disrupted since Sunday (Aug. 26) due to a cyberattack. According to Reuters, the bank said that the attack has not effected the bank’s services or its...
View ArticleBofA Links Corporate Cards To Mobile Wallets
Bank of America is adding mobile wallet functionality to its suite of commercial card products, the bank said Wednesday (Sept. 12). In a press release, Bank of America said its corporate cards are now...
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From Startup To Global Payments Giant: Visa Turns 60
Sixty years ago today (Sept. 18), a San Francisco startup launched by sending roughly 60,000 credit cards to consumers living in northern California. This startup was a bank, and its innovation was a...
View ArticleVisa, Mastercard Settle $6.2B Swipe Fee Lawsuit
A $6.2 billion settlement has been reached by Visa, Mastercard and several U.S. banks over a suit brought by merchants over what is commonly known as “swipe fees” — a name for the fees that are paid by...
View ArticleWill BoA Give B2B Mobile Wallets A Boost?
Polished shoes and nice jacket? Check. Laptop? Yep. Business cards and document pouch? Got it. Company-issued plastic? Ha! Who needs that? A successful business trip depends on preparation, and that...
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