nbsp;

Uncategorized

Ripple Raises $200 Million to Push Adoption of XRP Cryptocurrency

December 20 2019

“Ripple, a San Francisco-based company that uses cryptocurrency to move money across borders, announced a massive funding round on Thursday that values the company at $10 billion. The $200 million Series C funding round, which was led by global investment firm Tetragon , could help validate Ripple’s claim that more banks and money transmitters will […]

On The Web

nbsp;

Uncategorized

Apple Allowing Apple Card Customers to Skip March Payment Without Interest Due to Coronavirus

March 16 2020

“In response to the continued coronavirus outbreak, Apple and Goldman Sachs are allowing customers to skip their Apple Card March payment without incurring interest charges. Apple Card holders should receive an email announcing this “Customer Assistance Program.” As first shared on Reddit , and noticed first by MacRumors , Apple Card customers can skip their […]

nbsp;

Uncategorized

Amazon Launches Business Selling Automated Checkout to Retailers

March 9 2020

“Amazon.com Inc ( AMZN.O ) on Monday is set to announce a new business line selling the technology behind its cashier-less convenience stores to other retailers, the company told Reuters.  The world’s biggest web retailer said it has “several” signed deals with customers it would not name. A new website Monday will invite others to […]

nbsp;

Uncategorized

Revolut uses ‘open banking’ to let you aggregate other bank account data within its app

February 11 2020

“Revolut , the European banking and money transfer app that now claims over 10 million customers, has partnered with open banking API provider TrueLayer to add bank account aggregation features to its app. The new functionality means that Revolut’s U.K. customers — both consumer and business — can now connect their external U.K. bank accounts […]

nbsp;

Uncategorized

US mobile app subscription revenue jumped 21% in 2019 to $4.6B across the top 100 apps

January 27 2020

“Outside of in-app purchases in mobile games, subscription revenue from non-game apps helped to boost 2019’s mobile consumer spend — a figure that reached $120 billion globally last year, according to a recent report by App Annie. Now, new data from app intelligence firm Sensor Tower indicates U.S. subscription app revenue grew by 21% last […]

nbsp;

Systems

Central Bank Digital Currency Policy-Maker Toolkit

January 27 2020

• in
• Central bank digital currencies (CBDC)

“The World Economic Forum’s Central Bank Digital Currency (CBDC) Policy‑Maker Toolkit seeks to address the need for a concise CBDC decision guide that provides comprehensive and risk‑aware information to policy‑makers. This document serves as a possible framework to ensure that any CBDC deployment fully considers the costs as well as the potential benefits, appraising a […]

nbsp;

Uncategorized

Burger King Venezuela Set to Accept Bitcoin Payments in 40 Restaurant Locations

January 6 2020

“Burger King in Venezuela will soon be allowing Bitcoin as a form of payment. According to Cointelegraph , a single Burger King branch, which is located in the Sambil area of Caracas, now accepts Bitcoin as well as altcoins Ether (ETH), Litecoin (LTC), Binance Coin (BNB), and Dash. The restaurant also accepts stablcoin Tether (USDT).”

On The Wires

nbsp;

Uncategorized

U.S. Faster Payments Council Launches New Work Groups Focused on Financial Inclusion and Real-Time Recurring Payments

February 23 2021

“The U.S. Faster Payments Council (FPC), a membership organization devoted to advancing faster payments in the United States, announced it has launched two new FPC Work Groups: Financial Inclusion and Real-Time Recurring. The newest work groups are in addition to the FPC’s wide range of workstreams on faster payments topics such as education and awareness, cross border […]

nbsp;

Uncategorized

90+ Financial Institutions Provide Real-Time Payments Through Jack Henry

February 23 2021

“oday, Jack Henry & Associates, Inc. (NASDAQ: JKHY ), a leading provider of technology solutions and payment processing services primarily for the financial services industry, confirmed that 93 financial institutions are live on its faster payments hub, JHA PayCenter ™. In total, more than 170 banks and credit unions are contracted to leverage JHA PayCenter […]

nbsp;

Systems

Nacha Mulls Same-Day ACH Limit Increases to $1 Million and Above

February 10 2021

• in
• ACH

“After receiving enthusiastic responses to last year’s same-day ACH limit increase, the National Automated Clearing House Association (Nacha) has proposed layering in major limit increases over the next three years that would enable corporates to speed up a wide variety of debits and credits. The proposal was issued December 7 and received 107 industry comments […]