PayThink

Financial institutions need to take notice of this phenomenon and ramp up their payments infrastructure to support these developments, writes Chet Kamat, senior vice president of Oracle Financial Services.

Society has accepted central banks’ monopoly over creating and controlling the flow of money, but history and current technological innovations point to alternative approaches.

We know banks don’t like failure. But what is lesser known is how their reluctance is all to do with banking's compliance culture.

The advancement that we are seeing in terms of API Banking in the payments domain makes it evident that the overall banking system is moving toward an open banking framework, writes Satya Swarup Das, a senior architect for the global banking practice at Virtusa.

The uplifting story of another Virginia statue — this one honoring the first black female to charter a bank — is well-timed. Plus, JPMorgan Chase's O'Connor on laboring over Libor and U.S. Bank's Lawler on getting people to do the right thing.

Alternative currency investments are volatile. Another way to look at the market's sustainability is the willingness of participants to stick with this new mode of payments, writes Mariam Nishanian, a representative for Dentacoin, a virtual currency for the dental industry.

The idea that the trading ban burdens community banks and prevents them from investing in fintech opportunities is misleading.

As marketing becomes more expensive, issuers are under pressure to find new ways to lure merchants, according to Eric Marks and Sean Clark from West Monroe Partners.

Contactless payments today seem to address the slowness of EMV contact without compromising security. And unbeknownst to many, it uses the same security protocol, writes Andrey Tikhonov, senior director of payment technology for Infinite Peripherals.

Not only did Walmart's bid for an industrial loan company galvanize bankers, it also turned the ILC world upside down.