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Businesses are already entering partnerships with some of the biggest players in the Chinese payments market, such as AliPay, and WeChat Pay, with the goal of offering tourists the ease of payments that they are accustomed to, writes Igal Rotem, CEO of Credorax.
May 18
Credorax -
A provision to remove new mortgage recordkeeping requirements would help overburdened community banks lend without disrupting data collection that is used to police discrimination.
May 18
Industrial Bank -
For Whole Foods, the potential to tap into the sheer volume of new customers via the Amazon Prime premium loyalty program is unprecedented, writes Tom Caporaso, CEO of Clarus Commerce.
May 18
Clarus Commerce -
For cryptocurrency entrepreneurs in particular, many of whom are just developing the anti-money laundering programs they are required to have under other FinCEN rules, the CDD rule is worth taking note of, writes Laurel Loomis Rimon, senior counsel at O'Melveny & Myers LLP.
May 17
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A bill to allow the USPS to offer financial products would be bad for consumers, taxpayers and the banking industry.
May 17
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The reality behind the confusing "05: Do Not Honor" refusal is some issuers (or their processors) do a poor job of returning the appropriate refusal reasons to the merchants, writes Chris Laumans, product owner at Adyen.
May 17
Adyen -
It's too late for Congress to overturn the consumer bureau's regulation on short-term lending, but acting Director Mick Mulvaney will have plenty of chances to reshape it.
May 16
American Banker -
A long-anticipated financial rule could help law enforcement root out illegal activity, but it requires banks to keep extra-close tabs on certain business clients. That won't be easy.
May 16
Promontory Financial Group -
Women frustrated with limited opportunities for advancement and problems with sexual harassment should consider creating their own financial institutions tailored to the needs of female consumers.
May 16
Gartner -
Bitcoin has morphed into a store of value rather than the “digital cash” of its original promise, and we’d be naïve to think it wouldn’t stray from its original plan. Bitcoin cash has the potential to act as a vehicle for cryptocurrency's original intent, writes Nishant Sharma, Bitmain's international marketing manager.
May 16
Bitmain