PYMNTS

OCTOBER 5, 2020

Securities and Exchange Commission (SEC) charged John McAfee for allegedly touting investments in initial coin offerings (ICOs) to Twitter followers without saying that he received payment for doing so, according to a press release. The computer coder and businessperson’s bodyguard, Jimmy Watson Jr.,

Securities 81

Securities Banking Currencies Investments 81

PYMNTS

JUNE 8, 2020

United Nations global blockchain expert Massimo Buonomo has foreseen a future where digital currencies could replace low-interest bank accounts, Coindesk reports. In addition, Buonomo said digital currencies, especially central bank digital currencies (CBDC) may eventually be able to replace all bank accounts.

Accounting 135

Accounting Banking Currencies Securities 135

PYMNTS

OCTOBER 29, 2020

The Bank of Canada is progressing in its plans for a national digital currency, moving past proof of concepts to “executable” plans, according to Reuters. Currencies move across borders, and so we certainly wouldn’t want to be surprised by some other country,” he said in the report. “It percent fee tacked on to all purchases.

Currencies 63

Currencies Banking Planning Investments 63

PYMNTS

JANUARY 26, 2020

Bank of France Governor Francois Villeroy de Galhau said on Saturday (Jan. 25) that central banks should be in charge of issuing electronic currency, not private companies, Reuters reported. He noted that private citizens also might ask for cash alternatives. . “In

Banking 100

Banking Currencies Economics Planning 100

PYMNTS

MAY 1, 2020

Any business that trades internationally or manages a global workforce will be familiar with the pain points of traditional cross-border wires and bank transfers. “They accept cryptocurrency, facilitate the exchange, charge a professing fee then transfer funds into a bank account in one or two days. . The Benefits To AR.

Currencies 68

Currencies Accounting B2B Reconciliations 68

PYMNTS

JUNE 24, 2020

The Australian Securities & Investment Commission (ASIC) has reported an increase in the volume of investment scam reports by investors and consumers in Australia amid the pandemic, according to a press release. Scammers will many times ask for payment to an individual or firm into many or continuously changing bank accounts.

Currencies 67

Currencies Banking Investments Economics 67

PYMNTS

JANUARY 9, 2020

Lenders including Barclays, HSBC, Royal Bank of Scotland and Virgin Money had to stop foreign currency services after exchange provider Travelex was hit by a ransomware gang, according to reports on Thursday (Jan. The National Cyber Security Centre said it was providing technical support. The attack occurred on New Year’s Eve.

Currencies 52

Currencies Foreign Exchange Banking Securities 52

PYMNTS

DECEMBER 6, 2020

MonetaGo , which specializes in blockchain technologies, and GUUD Company , which focuses on making international trade smooth, have teamed up on international financial transaction security, MonetaGo announced in a press release. Both companies are based in Singapore. Going paperless has to happen.”.

Securities 82

Securities Leadership B2B Finance 82

PYMNTS

JANUARY 10, 2020

China’s central bank, the People’s Bank of China (PBOC), said it has completed the “top-level” design of its proposed digital currency, according to reports. Mu Changchun, the head of the digital currency research institute at the PBOC, said the focus will be on “stability, security and control.”

Banking 102

Banking Currencies Construction Securities 102

PYMNTS

SEPTEMBER 30, 2020

House committee this week began reviewing the idea of allowing the likes of Amazon or Facebook to receive charters to operate as banks — an idea that’s already gotten plenty of pushback from traditional financial institutions (FIs). However, the banking industry doesn’t like that one bit. “We Specific Concerns .

Banking 139

Banking Financial Systems Concentration Currencies 139

PYMNTS

AUGUST 19, 2019

To provide users with different levels of access to funds that are stored, Bank of America is reportedly aiming to patent a security system that is “partitioned” for crypto-wallets. The office published the application last week and lists a senior tech manager at the bank, Manu Kurian, as the inventor.

Currencies 77

Currencies Transportation Securities Banking 77

PYMNTS

JULY 16, 2020

United Nations Federal Credit Union (UNFCU) has partnered with cross-border payment network Thunes in order to bring mobile wallet money transfers in local currencies to members, according to a press release. “Since the launch of the service in February, transaction volume has grown 68 percent on average.

Currencies 67

Currencies B2B Finance Banking 67

Future CFO

MAY 10, 2021

Alibaba affiliate Ant Group is participating in China’s digital currency trial, according to a report by China Securities Journal. MYbank — an online bank in which Ant has a 30% stake — allows some users to link their accounts with China’s digital yuan app, the media report says.

Currencies 40

Currencies Banking Securities Accounting 40

PYMNTS

JUNE 18, 2019

In other news, malicious apps have managed to get around Google ’s security-enhancing measures, accessing one-time passwords (OTPs) and SMS-based two-factor authentication (2FA), as well as some email-based 2FA systems. Russia’s central bank might one day launch its own digital currency. Why would they?”

Currencies 53

Currencies Banking Numbers Technology 53

PYMNTS

DECEMBER 27, 2020

The rise of the currency's value has been surging just over the past holiday weekend, breaking $25,000 on Friday (Dec. The update will help to alleviate a common issue with bitcoin in that there were few user-friendly, secure methods to buy, sell and use cryptocurrency in general. The price of bitcoin has passed $28,000 on Sunday (Dec.

Currencies 101

Currencies Planning Banking Securities 101

PYMNTS

NOVEMBER 1, 2020

Acting Comptroller Brian Brooks , speaking on a podcast recently, said banks in the U.S. were exploring ways to adopt crypto after the Office of the Comptroller of the Currency (OCC) made a decision over the summer letting banks provide custody of crypto. The bank will expand to over 100 by next year, according to the report.

Banking 84

Banking Currencies Securities Numbers 84

Strategic Treasurer

OCTOBER 14, 2022

Global Payments Survey Shows Fraud Concern and Security Investment Plans. Results show the top challenges and areas of planned investment among companies of all sizes, with fraud and security as consistent themes. This survey’s questions probed corporate and bank respondents on their global payment practices and priorities.

Securities 52

Securities Investments Planning Treasury 52

PYMNTS

OCTOBER 3, 2019

While Philadelphia Federal Reserve Bank President Patrick Harker believes it’s “inevitable” that central banks will eventually issue digital currencies, he warned that the United States shouldn’t be first in line. He admitted that when it comes to the future of the Fed, digital currency will most likely play a part. “I

Currencies 55

Currencies Banking Securities Planning 55

PYMNTS

DECEMBER 14, 2020

EMTECH is rolling out its new Modern Central Bank Sandbox, which will help to streamline regulatory reviews and test central bank digital currencies (CBDCs), a press release says. The platform will also help central banks that want to collaborate with innovators on new technology.

Banking 93

Banking Currencies Finance Securities 93

PYMNTS

JULY 29, 2020

The Philippines central bank is now considering creating its own central bank digital currency (CDBC), it said during a virtual meeting, having formed a committee to address the issue, Bloomberg reported. He added that while cryptocurrency is important, the blockchain technology behind it is equally so.

Banking 58

Banking Securities Currencies eCommerce 58

PYMNTS

AUGUST 19, 2019

To provide users with different levels of access to funds that are stored, Bank of America is reportedly aiming to patent a security system that is “partitioned” for crypto-wallets. The office published the application last week and lists a senior tech manager at the bank, Manu Kurian, as the inventor.

Securities 43

Securities Banking Transportation Currencies 43

CFO News Room

JANUARY 18, 2023

Weeks before cryptocurrency exchange FTX filed for bankruptcy , dozens of young Nigerians in skintight dresses and brightly colored suits shimmied under limbo bars, posed for photos in front of the company’s logo and sipped expensive liquor at a swanky beachfront venue.

Currencies 100

Currencies Marketing Technology Investments 100

PYMNTS

JULY 16, 2019

Treasury Secretary Steven Mnuchin believes that Facebook’s proposed cryptocurrency could pose as a national security threat. In a press conference on Monday (July 15), Mnuchin warned that Libra “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.”.

Treasury 75

Treasury Securities Currencies Financial Systems 75

PYMNTS

DECEMBER 5, 2019

5) that digital currencies like Facebook’s Libra have no place in the European Union unless the consequences and pitfalls are adequately sorted out, Reuters reported. “No As a cryptocurrency, Libra is considered a stablecoin because it would be backed by traditional currency or securities.

Currencies 52

Currencies Finance Financial Systems Banking 52

PYMNTS

JULY 23, 2019

Facebook’s inability to detect the circulation of fraudsters could further discredit Libra and generate even more distrust as regulators investigate the proposed global currency. It also introduces a new programming language, Move, designed to make it more efficient and secure.

Currencies 54

Currencies Communication Securities Numbers 54

PYMNTS

JANUARY 24, 2020

In other bitcoin news, a proposed bill in Hawaii would let banks hold onto crypto for customers, according to CoinDesk. 18, and would allow banks in Hawaii to hold onto digital securities, virtual currencies, digital consumer assets and open blockchain tokens. The bill was introduced on Jan.

Currencies 52

Currencies Banking Entertainment Securities 52

PYMNTS

JULY 29, 2020

The Philippines central bank is now considering creating its own central bank digital currency (CDBC), it said during a virtual meeting, having formed a committee to address the issue, Bloomberg reported. He added that while cryptocurrency is important, the blockchain technology behind it is equally so.

Banking 66

Banking Securities Currencies eCommerce 66

PYMNTS

JULY 10, 2020

Stablecoins, the virtual currencies which seek price stability, could be the next target for money laundering and terrorist financing, a report found. The group said it was worried that the potential widespread adoption of stablecoins would be outside regulatory agencies and make it easier for criminals to break the law with the currency. “If

Currencies 56

Currencies Benchmarking Finance Economics 56

PYMNTS

NOVEMBER 7, 2016

4) it inked a partnership with Banque Régionale de Marchés (BRM) to provide a digital currency in the West African Economic and Monetary Union (WAEMU). The secure digital instrument can be used across all existing payment platforms and will be equivalent in value to physical legal tender, eCurrency said in the press release.

Currencies 73

Currencies Compliance Securities Economics 73

PYMNTS

NOVEMBER 11, 2019

Tencent has announced that it will launch a blockchain-based virtual bank. The company’s blockchain chief Yige Cai revealed last week that the Hong Kong Securities and Futures Commission (SFC) has approved a new license, and that the company is setting up a team to support the platform.

Currencies 43

Currencies Banking Planning Finance 43

PYMNTS

APRIL 10, 2020

While this strategy can yield results, it can also create silos, hampering a bank’s ability to achieve one of the most vital goals of DX: seamless integration of operations that boost efficiency and improve the end-user experience. “Banks are technology companies,” Rio Tinto recently told PYMNTS.

Technology 144

Technology Banking Foreign Exchange Currencies 144

PYMNTS

OCTOBER 23, 2020

Amid increased interest in cryptocurrencies from policy makers and central banks due to China's intentions to issue a digital yuan, a Bank of Japan official said the bank’s move to roll out a cryptocurrency would hinged on public support, Bloomberg reported. “At

Banking 69

Banking Currencies Securities Numbers 69

CS Lucas

APRIL 28, 2023

This article provides an overview of the integration between banks and the CS Lucas Treasury Management System, highlighting the benefits, methods, and costs of integration. Streamlined payment processing : Integration enables payment instructions to be automatically pushed to the bank for settlement, reducing manual intervention and delays.

Banking 52

Banking Reconciliations Transportation Securities 52

PYMNTS

APRIL 6, 2020

The plaintiffs, who are investors with the companies, allege the companies sold unregistered securities that totaled in the billions, according to published reports. The individual, a previous staffer at another financial services firm, and a certified general surgeon made a scheme seemingly as a way to join funds to trade digital currencies.

Currencies 52

Currencies Banking Securities Investments 52

PYMNTS

NOVEMBER 3, 2019

FinTech company SPEZA announced that it will be able to accept China’s Digital Currency Electronic Payment (DCEP), the world’s first sovereign digital currency. The digital asset solutions provider, exchange operator and regulator, based in Malaysia, will also accept all major digital assets listed on SPEZA Digital Asset Exchange.

Currencies 40

Currencies Economics Banking Technology 40

PYMNTS

SEPTEMBER 24, 2020

Between the Office of the Comptroller of the Currency clearing the way for financial institutions (FIs) to embrace stablecoin, and The Clearing House's latest real-time payments (RTP) push, new payment rails continue to gain traction. BELLIN Secures SWIFT gpi Label. OCC Clears Banks For Stablecoin. In a statement, Santander U.K.

B2B 75

B2B Banking Currencies Treasury 75

CFO News Room

FEBRUARY 5, 2022

The Finance Bill, 2022 proposes amending the RBI Act, 1934 to modify the definition of a bank note to cover digital notes issued by the central bank. The Reserve Bank of India ( RBI ) will introduce a digital rupee in the next financial year beginning April 2022 subsequent to amendments proposed in the Finance Bill, 2022.

Budgeting 130

Budgeting Currencies Finance Banking 130