PYMNTS

SEPTEMBER 21, 2020

As China prepares to debut digital currency, JD.com Inc., CoinTelegraph.com reported the retailer has entered into a partnership with the Digital Currency Research Institute of the People’s Bank of China (PBoC). The idea is for the corporation and the central bank to craft wallets that support China’s digital currency.

Currencies 56

Currencies Banking eCommerce Planning 56

PYMNTS

MAY 27, 2020

The movement toward digital currencies may be a bit of an arms race of sorts, for now. As noted in this space last week, about 80 percent of 66 central banks queried by the Bank of International Settlements (BIS) are working on central bank digital currencies (CBDC).

Currencies 57

Currencies Banking Retail Accounting 57

PYMNTS

AUGUST 3, 2020

Innovation has been a welcome development for retailers in the pandemic. The store marks a new chapter in retail technology, social retail and social currency all at the same time. The Burberry-Tencent venture could be the most high-profile use of social currency in retail. eMarketer estimates that 11.6

Currencies 50

Currencies Retail eCommerce Accounting 50

Future CFO

APRIL 10, 2022

Digital money will be the future, said PwC recently when releasing its 2022 PwC Central Bank Digital Currency (CBDC) Global Index. It’s estimated that more than 80% of central banks are considering launching a central bank digital currency,” the company noted in a statement.

Foreign Exchange 98

Foreign Exchange Currencies Banking Retail 98

PYMNTS

MAY 11, 2020

Speaking at a virtual conference about the future of money, European Central Bank (ECB) executive board member Yves Mersch said a retail central bank digital currency (CBDC) is a game-changer. “A However, a retail CBDC, accessible to all, would be a game-changer, so a retail CBDC is now our main focus.”.

Retail 52

Retail Currencies Banking Financial Systems 52

CFO News Room

FEBRUARY 5, 2022

Finance minister Nirmala Sitharaman said in the Budget speech that the introduction of a central bank digital currency (CBDC) will give a big boost to the digital economy. Digital currency will also lead to a more efficient and cheaper currency management system.

Budgeting 130

Budgeting Currencies Finance Banking 130

PYMNTS

MAY 4, 2017

On Tuesday, Dubai FinTech company OneGram announced it would offer a gold-backed digital currency called OneGramCoin with the hopes of raising over $500 million in capital. We’re creating a merchant service program, and we will offer these tokens to retailers for free,” Mohammed was quoted as saying. “If trillion.

Currencies 41

Currencies Finance Retail Sales 41

PYMNTS

JANUARY 20, 2020

Add Australia to the list of countries with central banks looking to bring fiat currencies into the digital realm — with some conditions attached. A CBDC would be denominated in the sovereign currency, and convertible at par with other forms of money.”. The language is interesting — and noteworthy. What It Won’t Do. The Rewards.

Retail 40

Retail Currencies Banking Financial Systems 40

PYMNTS

NOVEMBER 29, 2019

In a season where tradition is key, retailers are setting new ones with the help of emerging products and services on this Black Friday. You may have missed our coverage of a few of the retail innovators that are summed up below, arranged in no particular order, or perhaps you’ll want to revisit them anew. Shoes As A Currency.

Retail 60

Retail eCommerce Currencies Accounting 60

PYMNTS

JANUARY 17, 2019

is to pay federal and state regulators penalties of $11 million for allegedly opening fake store card accounts. The news comes as it was reported last month that Wells Fargo revealed it is firing around three dozen district managers due to the retail banking scandal that occurred over two years prior. million fake accounts.

Accounting 46

Accounting Currencies Sales Retail 46

PYMNTS

JULY 25, 2018

The company announced Tuesday (July 24) that its Oracle Banking Virtual Account Management solution is now available to corporate banks. The solution aims to simplify banking for businesses with multiple bank accounts in multiple currencies.

Accounting 40

Accounting Banking Cash Management Currencies 40

PYMNTS

AUGUST 30, 2020

Users could search “digital currency” and find the app — and furthermore, they could activate it by entering the mobile phone number associated with their CCB account. But the brief trial run, however accidental, showed proof that the CCB has been working toward the much-publicized digital currency at the state level.

Banking 95

Banking Construction Currencies Retail 95

PYMNTS

DECEMBER 6, 2018

Wells Fargo has revealed that it is firing around three dozen district managers due to the retail banking scandal that happened more than two years ago. million fake accounts, which were often created without the consent or knowledge of customers. million fake accounts. An investigation discovered another 1.4

Retail 49

Retail Banking Currencies Sales 49

PYMNTS

MAY 3, 2017

And, if you build a strong business based on innovation and scale in card-based retail payments … VocaLink adds key platforms to that foundation, including the technology behind the BACS ACH payments system, the real-time account-to-account Faster Payments service and the LINK ATM network in the U.K.”.

Accounting 75

Accounting Currencies Securities Numbers 75

PYMNTS

NOVEMBER 4, 2019

According to a new LexisNexis study , overall retail fraud attempts doubled year-over-year and tripled since 2017. The rise of mobile commerce and selling of digital goods has added to retailers’ fraud problems. In fact, North America’s top 1000 online retailers have sold $143 billion worth of goods to customers outside the U.S.,

Retail 49

Retail eCommerce B2B Currencies 49

PYMNTS

JANUARY 26, 2018

Weird” is a currency in this world. Then there was the epic Wendy’s Twitter account and Denny’s Tumblr, which capitalized on meme culture and internet sass. The attention economy is a tough game to win (much tougher, we’ll wager, than any of the games in the Gamers box). Who else is getting weird-rich in the attention economy?

Currencies 40

Currencies Education Manufacturing Communication 40

PYMNTS

AUGUST 2, 2019

The digital currency may be pegged to the U.S. dollar and available for use only at selected retailers or partners. In other embodiments, the digital currency is available for use anywhere.”. Facebook, which proposed the digital currency Libra , would create the Libra Association and have it produce its own block.

Currencies 66

Currencies Retail Accounting Banking 66

PYMNTS

AUGUST 5, 2020

To that end, as Coinstar CEO Jim Gaherity told PYMNTS, the stage is becoming increasingly set for currency — the literal cold, hard stuff of bills and coins — to be rendered in bits and bytes. If consumers have accounts with a particular bank, they can pour coins into the kiosk and conduct a direct-to-account bank deposit.

Currencies 135

Currencies Advertising Numbers Accounting 135

PYMNTS

MARCH 10, 2020

To allow users to borrow against their holdings, digital currency wallet and exchange company Blockchain.com unveiled a “Borrow” Service. Smith continued, “Now, with our suite of trading products and Borrow, retail users can trade like the big guys without selling the crypto they’ve stockpiled or leaving their Wallet.”.

Currencies 86

Currencies Retail Finance Accounting 86

PYMNTS

MARCH 26, 2020

Cross-currency money transfer firm Western Union has announced the launch of Digital Location, a new tool that enables people to send money from home. A card is used for payouts into any bank account, digital wallet or agent locations supported by Western Union.

Foreign Exchange 114

Foreign Exchange Currencies Risk Management Technology 114

PYMNTS

DECEMBER 23, 2020

As reported by CNBC , the suit hinges on the contention that the crypto — the third largest as measured in terms of market value before a double-digit percentage slide in its value to 34 cents — is a security, not a currency, and thus is regulated by the SEC. “We XRP is a currency, as the DOJ and FinCEN determined in 2015.

Currencies 93

Currencies Securities Investments Sales 93

PYMNTS

JANUARY 6, 2021

If the high-level concept is that merchants will accept and banks will issue, in terms of mechanics, the CoDi platform lets users with savings accounts at participating financial institutions to make wire transfers through their phones by scanning merchants’ QR codes or wielding devices at on-site NFC terminals.

Banking 145

Banking Planning Accounting Currencies 145

PYMNTS

MAY 22, 2017

A new study has found that retail global expansion has lost some steam, and while the United States remains the most active, Europe is now the preferred spot for expanding retailers, according to Chain Store Age. The results found that retailers’ expansion into new markets increased by 2 percent in 2016, down from 3.1

Retail 43

Retail Currencies eCommerce Marketing 43

PYMNTS

DECEMBER 21, 2020

While it initially focused on currency in online checkouts, the company has branched out to work on checkout and fraud detection, integrating with companies like Shopify , Magento , BigCommerce , WooCommerce and Salesforce Commerce Cloud , according to the the report. Data from the IBM U.S. billion, the report says.

eCommerce 98

eCommerce Valuation Currencies Accounting 98

PYMNTS

JANUARY 19, 2021

Retail giant Walmart is partnering with global money movement leader Western Union to offer in-store payments and transfers. As the world’s largest retailer, Walmart offers customers transparent financial services using their preferred providers. Walmart is much more than a place where customers shop. and abroad.

Healthcare 87

Healthcare Currencies Retail eCommerce 87

PYMNTS

JANUARY 26, 2021

At present, he said, a number of factors have inhibited the adoption of bitcoin as a transactional currency, including the fact that it’s expensive and can be very slow. The company also offers an FDIC-insured checking account to help spur crypto-friendly banking, Johnson noted. Looking Ahead.

Currencies 102

Currencies Healthcare Numbers Retail 102

PYMNTS

DECEMBER 17, 2020

The digital currency is up more than 200 percent year to date, and while speculation runs rampant about how high the price can go, as MarketWatch reports , some observers of Wall Street see bitcoin trading as high as $250,000 or more. He said that “back then, the price was driven by mainly retail investors.”.

Currencies 117

Currencies Investments Banking Accounting 117

PYMNTS

AUGUST 5, 2020

This is not a shift because this digital growth isn’t coming at the expense of our retail business so much as it is about getting new customers to the category and other customers from other parts of the remittance market, like banks and other digital financial services providers.”. Earnings likewise fell sharply to $161.9 million ($1.43

CFO 134

CFO Currencies Education Retail 134

PYMNTS

FEBRUARY 26, 2020

A former Microsoft engineer was found guilty of 18 federal felonies after he stole $10 million worth of digital currency from his ex-employer and used the money to finance a $1.6 He took advantage of that access to steal currency stored value (CSV) such as digital gift cards that he then resold on the internet. . million in bitcoin.

Currencies 82

Currencies Accounting Finance Sales 82

PYMNTS

AUGUST 5, 2019

And that, it seems, is the approach that Walmart is taking to cryptocurrency — as last week the world’s largest retailer by sales quietly filed an application with the U.S. Patent and Trademark Office for a blockchain-backed digital currency all its own. fingerprint or eye pattern) credit.

Currencies 85

Currencies Pharmaceutical Banking Retail 85

PYMNTS

NOVEMBER 30, 2020

When PayPal announced recently that its 350 million users can deposit bitcoin and other cryptocurrencies in their accounts and spend it at 26 million merchants next year, it was characterized as the inevitable advance of digital currency.

Currencies 117

Currencies Treasury Banking Securities 117

PYMNTS

AUGUST 8, 2019

The collaboration gives the 12,000-plus national ACTA members an opportunity to tap into Western Union’s payments expertise and knowledge of foreign currency transactions and currency risk management, according to a Western Union press release on Thursday (Aug.

Currencies 71

Currencies Risk Management Leverage Accounting 71

PYMNTS

MARCH 10, 2017

What if we were to tell you that retail shopping isn’t dead? Powell told a conference held at Yale Law School that central banks issuing digital currency would become global targets for cyberattacks, cybercounterfeiting and cybertheft. Bricks and Mortar , Alive? That there may be a spark of life in the bricks and mortar model?

Retail 48

Retail Currencies Financial Systems Securities 48

PYMNTS

DECEMBER 4, 2020

The offering works with Citigroup, Goldman Sachs, Barclays and other financial institutions, and includes offering debit cards and bank accounts. UPS Caps Deliveries From Gap, Nike, Other Big Retailers. NEW DATA: Black Friday 2020: COVID-19 Steepens Physical Retail’s Long Slide. Top Trackers And Reports.

Currencies 60

Currencies eCommerce Treasury Retail 60

PYMNTS

MARCH 7, 2019

The new law will take effect in July and would require most retail outlets to accept physical currency. The move could affect innovation for companies like Amazon and its cashless “Go” stores, which link to an Amazon account through a mobile device and automatically charges for purchases.

Currencies 85

Currencies Retail Accounting Banking 85

PYMNTS

SEPTEMBER 30, 2020

Securities and Exchange Commission (SEC) claims that a Florida digital currency trader purportedly bilked customers out of $6.8 Just $970,000 of money from investors allegedly ended up in the individual’s trading account, while $1.8 SALT Blockchain is the firm behind SALT Lending , a loan offering supported by digital currency.

Profit and Loss 60

Profit and Loss Currencies Securities Retail 60

PYMNTS

DECEMBER 24, 2020

If one measures success for digital currencies in buzz — and in price appreciation for many of the marquee names — then 2020 stands out as a banner year. Building The (Retail) Use Cases. Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. Over the summer, the U.S.

Currencies 103

Currencies Banking Education Technology 103