Amid the battle heating up between Ripple and SWIFT over payments infrastructure, SendFriend, a Ripple partner, gets funding for its cross-border payments efforts. Elsewhere, MUFG forges ahead with blockchain-based payment efforts.
Along with regulatory action from tax reform and tougher Know Your Customer (KYC) rules adding the pressure of complex red tape, public companies need to add one more compliance concern to their list: changes to accounting standards by the Financial Accounting Standards Board (FASB). Get...
Citi is launching a digital liquidity solution for corporate treasurers, the bank announced on Wednesday (Feb. 13). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
Alipay’s mobile payment platform will now be available at thousands of Walgreens locations throughout the U.S. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...
Microsoft President and Chief Legal Officer Brad Smith and Pope Francis met for 30 minutes on Wednesday (Feb. 13) to discuss “artificial intelligence [AI] at the service of the common good, and activities aimed at bridging the digital divide that still persists at the global level.”...
Banks historically, like grocery stores or gas stations, have always assumed that customers would just come to them. Banks are where consumers keep their money. Grocery stores are where consumers shop and buy their food. Gas stations are where consumers pull in and fuel up their...
Apple CEO Tim Cook and IBM CEO Ginni Rometty have been appointed to President Donald Trump’s advisory board that aims to direct the future of workforce policy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Artificial intelligence (AI) and machine learning (ML) aren’t part of a far-off future. They are here, and they are at the bank. In fact, 100 percent of modern financial institutions (FIs) use some type of AI, ML or other learning system in varying forms and capacities....
A proposed law aims to completely overhaul the student loan system by having monthly bills automatically deducted from borrowers’ paychecks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
