Fintech

While there are a handful of payment pilots underway, the real benefit of blockchain for banks is a long-term proposition--and most early projects will be internal.

As Starbucks prepares to transition its top executives into new roles, it helps to look back on its history in mobile payments and examine how its management structure helped this plan. Here are a few of the key decisions the company made.

Investors initially jeered Howard Schultz's decision to step down as Starbucks' CEO, though the famed mobile strategy that's helped spur the coffee chain's high performance over the past couple of years doesn't necessarily require the company's founder to be in its biggest office.

American Express has added a new mobile payment service to the growing list of "Pays" available to consumers in Canada.

Lines are nothing new in Venezuela, where the economy is shattered. Now added to the indignities of daily life in a country desperately short on most everything except crime is the ATM hustle, as banks crack down on what customers can take out.

The unemployment rate hit levels not seen since August 2007, but one quarter of the unemployed population is “long-term unemployed.” Still, the jobs news almost guarantees that the Fed will raise rates when it meets next.

Hawaiian Tel FCU absorbed tiny Board of Water Supply FCU, which posted a loss of more than $80,000 last year and lost $46,000 during the first three quarters of 2016.

Howard Schultz, who built the coffee empire over the past three decades and served two separate stints as CEO, will step down next year, handing the reins to technology veteran Kevin Johnson.

The combined institution will now serve more than 16,000 members with $142 million in assets.

Mastercard cardholders in the U.K. will soon have the ability to choose a financing option for scheduled payments when making a purchase at a Verifone point of sale terminal accepting the new application.