-
In late 2010, a small team of strategists was assembled at Citigroup and told to be visionary. The result? Money2 for Health, a payments dive into the U.S. health care sector.
November 21 -
By the time David Marcus became its president last year, PayPalone of the most successful technology startups of the late 1990shad taken on the culture of an entrenched player in payments.
November 21 -
He is perhaps banking's leading expert on the subject, but David Saul doesn't much care for the phrase "big data."
November 21 -
In January, customers of the $4.9 billion-asset First Financial Bank in Abilene, Texas, began paying bills by taking a picture of them with a smartphone or tablet. A few months later, U.S. Bank became the first big bank to roll out a photo bill pay service.
November 21
Bitcoin has received a lot of attention this year, for all the wrong reasons. Forget the mystery of "Satoshi Nakamoto," the pseudonymous programmer (or programmers?) who developed the decentralized Internet currency and payment system. Disregard the wildly fluctuating exchange rates between bitcoins and fiat currencies. Ignore all the attention Bitcoin is getting from the Winklevoss twins, and the central role Bitcoin played in an underground drug marketplace shut down by the feds.
This is why Bitcoin matters: It shows what is possible with money in this century. And in doing so, it puts the
Consider a
A real-time validation process assuring the payer's account has enough funds? Check.
Assurance a payment will not be reversed? Check.
Near-real-time posting/availability of funds to accounts? Check.
Masked account details, eliminating the need to disclose account information?
Bitcoin demonstrates money can be sent anywhere on the planet, at near-zero cost, almost instantaneously, without traditional financial institutions. Whether it eventually goes mainstream, remains a niche payment method for online transactions or gets
