Monday , September 16, 2024

Search Results for: blockchain

The Trump Effect

Payments providers expect the Trump Administration’s lighter regulatory touch to make it easier to bring new products to market faster and more cost effectively. For better or worse, President Trump has made good on his campaign pledge to lighten the regulatory load on businesses. In fact, the brisk pace at …

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Eye on Digital Currencies: Request Network Goes Live; Top 5 Currencies Take a Dive

The Request Network, a decentralized payment network built on the Ethereum digital currency, says it is now live on the main network used by Ethereum. This development enables requesting and sending cryptocurrency payments for goods, services, or as peer-to-peer payments, Request Network says. These initial digital-currency payments are available only …

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New WiseKey Technology Connects the IoT With Its WiseCoin Cryptocurrency

In a mashup of the Internet of things and cryptocurrency, authentication and data-security firm WiseKey International Holding Ltd. announced Thursday that it has developed a payment service for IoT-connected devices and its own WiseCoin. Geneva, Switzerland-based WiseKey said it has tested the system, dubbed IoT CryptoCurrency Smart Payment, on a …

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Braintree Extend Debuts and other Digital Transactions News briefs from 3/28/18

PayPal Holdings Inc.’s Braintree e-commerce processing unit launched Braintree Extend, a service offering that includes support for transaction services, rewards and loyalty, and contextual commerce. Brazil’s central bank this week announced a cap on debit card interchange of 0.80% of the transaction, while averaging no more than 0.50%, according to …

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Backed by BBVA, a Fintech Startup Creates a ‘Borderless’ Payment Account

Denizen Financial Inc., a San Francisco-based startup backed by one of Spain’s biggest banks, has created what it calls “the first true global, borderless account” that allows customers to receive money in one country and pay it out in another while avoiding international transfer fees and foreign-exchange fees. Denizen says …

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Who’s Afraid of Cryptocurrency? ISO Aliant Adds Ether And Litecoin to Its Bitcoin Gambit

Some experts may dismiss cryptocurrency as impractical for retail payments, but at least one independent sales organization is doubling—make that tripling—down on crypto for merchant acceptance. Fort Lauderdale, Fla.-based Aliant Payment Systems Inc. last week launched programs for Ether and Litecoin to go along with one for Bitcoin that it …

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Veem Now Offers Working Capital and other Digital Transactions News briefs from 3/9/18

Cross-border payments provider Veem announced it now offers working capital to merchants through a deal with merchant-financier BlueVine. Payments provider Bluefin Payment Systems LLC said its services will be available to users of practice-management software from Rev360 that is designed for use in eye-care practices. Payments provider Century Business Solutions …

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PayPal Anticipated Cryptocurrency Processing Slowdowns a Year Before They Became a Problem

The cryptocurrency world often gets feverish upon news that an established power in payments or financial services has turned its attention to matters of Bitcoin or its cohorts. Such was the case Monday when reports surfaced that PayPal Holdings Inc. had applied for a patent for a so-called “expedited virtual …

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Why Amazon Is Talking to Banks About a ‘Checking Account’ for Its Customers

Amazon.com Inc.’s interest in launching a checking-account-like product, reported Tuesday by The Wall Street Journal, could have deep roots in its strategy both for payments in general and for Amazon Pay, the payment wallet it operates for non-Amazon sites, expert observers say. Talks between the Seattle-based retailing colossus and banks …

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With a Fleetcor Pilot, Ripple Gains More Momentum As the SEC Shines a Spotlight on ICOs

Interest among mainstream financial institutions and payments providers in the potential for cryptocurrency is heating up just as the top U.S. financial regulator is reportedly eyeing a crackdown on so-called initial coin offerings, or token sales used by digital-currency startups to raise capital. In the latest sign that processors and …

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Digital Transactions