Payments News

On The Web

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Opinion

Why Is Uber Hiring So Many Fintech People?

“The best prospects for Uber financial services aren’t the firm’s customers–it’s their drivers. According to one survey , a little more than half of rideshare drivers are 30 to 49 years old, and a third are either African-American or of Hispanic heritage. Another survey found that nearly four in ten Uber drivers rely on the […]
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Opinion

Cashless Stores Alienate Customers in the Name of Efficiency

“On the surface, the move to a cashless society may seem like a win-win situation. However, the only clear winner would be the federal government. In a cashless environ­ment, money laundering and tax evasion would become much more difficult. For brands and consumers, the change is less clear.”
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Opinion

Visa’s New ‘Visa B2B Connect’ Could Become A Major Growth Driver

“Visa ( V ) is launching a new service, Visa B2B Connect, to facilitate cross-border business to business transfers. The service launched on June 11th connecting 30 global trade corridors . The service uses a distributed ledger system to enhance transparency and decrease the likelihood of fraud. There exists a significant opportunity for growth in […]
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Opinion

Privacy in a Digital World

“Technological progress has created a situation of severe tension and incompatibility between the right to privacy and the extensive data pooling on which the digital economy is based. This development requires new thinking about the substance of that right.”
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Opinion

“We’re living in an interesting time for payments, with consumer and business behaviours shifting right in front of us. My predictions for the next three to five years is that card payment volume will continue to drop. Account payments on the other hand will rise, and consumers will find one mobile app to manage their finances. […]
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Opinion

2020 Could Be the Year Bitcoin’s Fee Market Is Put to the Test

“The past two “halvenings” have passed without incident. Bitcoin’s price has increased consistently over the past two reward eras, so that the dollar amount of the block subsidy is now higher than it ever was in either of the earlier eras. The price has also grown about as fast or faster than overall transaction volume. […]