John Adams is executive editor of payments for American Banker.
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The timing of the settlement serves as a warning to other companies of the risks they face in an increasingly data-focused economy.
July 22 -
The information you need to start your day, from PaymentsSource and around the Web. Today: Amazon Go preps a larger store; Western Union and MoneyGram add to their networks; Bots emerge for PSD2 compliance.
July 22 -
The information you need to start your day, from PaymentsSource and around the Web. Today: Toys "R" Us plots its recovery; Libra searches jump in China; App bank gets license in Australia; Biometric contactless cards advance.
July 19 -
Blockchain and cryptocurrency innovations threaten to upend mainstream remittance providers, but there are still market gaps that may be best served by a large bank footprint.
July 19 -
The information you need to start your day, from PaymentsSource and around the Web. Today: France set for crypto regulations; Giant Eagle plans no-checkout stores; PSD2 has gaps; Square's hiring more crypto engineers.
July 18 -
Transit systems are attracting contactless payment technology, but there are other options on the horizon that could make boarding easier than tapping a card or smartphone — provided riders are comfortable with an experience like something out of Minority Report.
July 18 -
Card issuers are accustomed to a world in which consumers choose which card to use at the moment they make a purchase. But in the Amazon Go model that more retailers want to emulate, that choice is made long before the shopper enters the store.
July 17 -
The information you need to start your day, from PaymentsSource and around the Web. Today: U.K. fintech investment plows ahead; Patreon draws more funds; Tether erases crypto; Is AI too hard to understand?
July 17 -
Fintech startups have been a natural fit for the gig economy, leading Visa and Mastercard to seek them out as partners to maintain relevance.
July 16 -
The information you need to start your day, from PaymentsSource and around the Web. Today: Samsung works on digital ID; Royal Mint supports crypto; Kenya bars sports betting payments; South Korean company patents blockchain payments technology.
July 16
