Patents are the lifeblood of innovation, innovation the lifeblood of FinTech. In the race for FinTech-related patents, it seems tech firms are leading banks. Elsewhere, the U.K. garners some headlines tied to cross-pollination between traditional financial players, AI and tech upstarts. No surprise, it’s all aimed...
China’s peer-to-peer (P2P) lending crisis has caused widespread anger from citizens who are demanding that the government bail out hundreds of collapsed P2P companies. Last week, it was reported that China ordered a lockdown of Beijing’s financial district to prevent individuals from protesting a crisis in...
Alternative payments methods, such as contactless and QR codes, have been growing globally in popularity for the last half-decade or so. However, the year 2018 has seen something of a quiet sea change when it comes to the acceptance of such payment methods among hotels...
Welcome to the Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the newest sales figures from the National Retail Federation (NRF), along with two stories about new revenue paths for Amazon. Citigroup has let go of a...
The vagaries of currency take on all sorts of meaning to consumers, borrowers and lenders large and small, individual and corporate. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Citigroup announced Monday (Aug. 13) that Jud Linville, CEO of global cards and consumer services, will leave the bank as part of executive reshuffling. According to a report in CNBC, Citigroup is overhauling the executives in its global consumer banking businesses and, as a result,...
If the world of cryptocurrencies is relatively nascent, unformed, without a clear roadmap … guess what else is equally opaque? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Chase Card Services and Expedia Group announced on Monday (Aug. 13) a strategic alliance that will boost the Chase Ultimate Rewards travel hub. In a press release, the companies said the alliance will also give Chase Ultimate Rewards users new capabilities and more flexibility in redeeming...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes Indonesia-based Salim Group’s investment in Singapore-based Youtap. In addition, Miles Software is partnering with SBM Bank (Mauritius) Ltd. (SBM) and SBM (NBFC) Holdings Ltd., and investors are turning to gold...
