Search

The article discusses the new regulation that will subject Apple Pay and other digital wallet services to the same federal supervision as banks by the US Consumer Financial Protection Bureau (CFPB). This oversight aims to ensure compliance with consumer protection laws regarding privacy, fraud, and service continuity. The rules will impact digital wallet providers with over 50 million transactions annually, including Apple, Cash App, PayPal, Venmo, and Google Pay. The CFPB views digital payments as essential in daily commerce, reflecting the shift from cash to digital wallets over the past decade. [Extracted from the article]

This article discusses the challenges and innovations in the chemical logistics industry. It highlights the importance of reliable and stable logistics providers in addressing obstacles in the challenging economy. Changing regulations and sustainability initiatives are also posing challenges for chemical distributors. The article emphasizes the opportunities presented by technology and artificial intelligence in optimizing processes. It mentions companies like Bulk Connection, KAG Logistics, Odyssey Logistics, and WSI that offer safe, sustainable, and cost-effective services to meet the industry's needs. These companies specialize in transportation management, packaging, inventory management, and emergency response services, and prioritize trust and responsibility in handling chemical shipments. [Extracted from the article]

With a cross-border CBDC payment system, immigrants, for example, could send money back to their countries of origin without having to pay what can be exorbitant fees for electronic money transfers. The global value of central bank digital currencies (CBDCs) will grow dramatically from $100 million today to $213 billion by 2030, once the virtual money gains greater adoption for domestic payments, according to new data from Juniper Research. [Extracted from the article]

Apple Pay has revolutionized digital wallets over the past decade, expanding beyond personal payments to include small-scale loans and car rentals. Apple's vice president of Apple Pay and Apple Wallet, Jennifer Bailey, outlined upcoming additions to the service, emphasizing support for third-party payment solutions. With over 11,000 banks supporting Apple Pay, the service's future features include installment loans, flexible payment options, and improved card adding processes. As digital wallets continue to evolve, Apple's focus on security and privacy remains crucial, especially as the company aims to extend its services to new markets and industries. [Extracted from the article]

Woodside Energy Group Ltd. has agreed to acquire OCI NV's blue ammonia project in Texas for $2.35 billion. The project, a collaboration between OCI and Linde PLC, is the world's first large-scale, low-carbon-intensity hydrogen-based ammonia facility. Woodside will pay 80% of the purchase price at closing, with the remaining balance payable upon project completion. The clean ammonia plant is scheduled for completion in the first half of 2025, with a second production line expected to follow. The project is expected to achieve an internal rate of return above 10% and payback within 10 years. [Extracted from the article]

State and local governments are facing the need to modernize and digitize their revenue collection processes. Traditional methods involving manual processing and paper-based systems are becoming inefficient and costly. Automated payment processing technologies in online payment portals offer a solution to these challenges. They improve efficiency, enhance public trust, free up resources, and provide a user-friendly experience. These technologies work through intuitive user interfaces, secure payment gateways, integration with government databases, and advanced security measures. They can manage various sources of revenue, such as parking tickets, speeding fines, utility bills, business licenses, and court fees. Adopting automated payment processing technologies leads to increased collection rates, cost savings, transparency, accountability, and convenience for citizens. It is crucial for state and local governments to prioritize the modernization of their revenue collection processes to meet the needs of their citizens in an increasingly digital world. [Extracted from the article]

The Pakistan Peoples Party-led Sindh government has introduced the Automated Fare Collection (AFC) system for the Peoples Bus Service in an effort to provide convenience to the public. This system allows people to pay their bus fare using a smart card. The Sindh Minister for Transport and Mass Transit, Sharjeel Inam Memon, stated that the AFC system will initially be available on Route 1 and 9 buses, and it aims to bring transparency to the fare collection process. Additionally, Memon mentioned the Pink Buses, a women-only bus service, and the government's plans to expand the bus service with new routes in the future. [Extracted from the article]

Visa is using artificial intelligence (AI) to share consumer shopping preferences with merchants, aiming to enhance personalized shopping experiences. The company plans to add personal data back into the payment flow, allowing merchants to access private data tokens containing AI-generated insights based on a consumer's past transactions. Consumers will have the ability to review and revoke access to their data through their banking apps. However, it is unclear how Visa and merchants will incentivize customers to share more information. Visa also unveiled a biometric service called Visa Payment Passkey, which uses facial recognition or fingerprints to confirm a consumer's identity and authorize online payments. This service could simplify security and user authentication, eliminating the need for multiple logins. [Extracted from the article]

The article explores the potential impact of changes in cannabis laws and banking on the cannabis market in 2025. Experts discuss how the passage of certain banking acts or the rescheduling of marijuana could lead to improved profitability, better access to financial services, and reduced tax burdens for the industry. While these changes may not lessen compliance burdens for financial institutions, they could pave the way for increased transparency, education, and innovation in the cannabis market. [Extracted from the article]

The article lists various transportation services including bulk dry chemicals, bulk liquid chemicals and storage tanks.

The article provides information from an interview with Ricky Donnell Ross, also known as Freeway Rick Ross, a business owner best known for his involvement in the Iran-Contra affair that took place during the administration of U.S. President Ronald Reagan, who is launching Freeway Rick's in Los Angeles, California. Topics include an overview of Freeway Rick's and one of the ways that artificial intelligence (AI) will play a crucial role in cannabis education according to Ross.

The New York Attorney General's office recently sued Citibank for failing to reimburse customers who were victims of fraud, sparking a broader discussion about when customers should be reimbursed and the role of their own actions in the matter. Financial institutions have been refusing to reimburse customers who have done nothing wrong, but the issue becomes more complex when the customer is at fault. The article presents three scenarios of fraud and questions whether the financial institution should be required to return the funds in each case. The case highlights how financial institutions are using outdated rules to avoid customer reimbursements and emphasizes the need for clearer laws holding banks accountable for customer fraud. [Extracted from the article]

The US Consumer Financial Protection Bureau (CFPB) is planning to subject big tech firms with digital payment platforms, including Apple Pay, to stricter scrutiny. This move comes as banks have been losing ground to technology firms in the financial industry. The CFPB aims to ensure that tech firms meet the same regulatory requirements as banks, as they have been taking advantage of the profitable aspects of the banking industry. While tech firms argue that their services offer convenience and better user experiences, the CFPB is concerned about the lack of consumer protection in some tech payment services. This increased regulation may lead to more competition and innovation in the industry, favoring tech firms over traditional banks. [Extracted from the article]

The article discusses the projected growth of mobile payment transactions in the U.S. at a compound rate of 20 percent per year through 2021, according to a report by research firm Forrester. Topics include the types of mobile payments identified in the report such as mobile remote and mobile in-person payments, the opportunity for marketers to transform their relationships with customers as a result of mobile payment growth, and views on the evolution of the mobile wallets.

The article reports on the antennas built by technology company MatSing that refracts signals to create multiple independent signals beamed in multiple directions and which are used in festivals and events. Music events that used MatSing antennas include Coachella, Lollapalooza, and Outside Lands. It shows improvements made by carriers to supplement coverage at mass gatherings including fiber network expansion, carrier aggregation, high-speed 5G networks and distributed antenna system.

Apple's Tap to Pay service for the iPhone has finally arrived inthe UK, allowing smaller UK merchants and other enterprises toreplace traditional payment terminals at the point of sale. News Small UK merchants, businesses, and other enterprises can nowuse Apple's Tap to Pay on iPhone service to replace paymentterminals at point of sale. [Extracted from the article]

News Analysis FedNow will be the first of its kind central bankinstant payment system in the US and could revolutionizehow businesses and consumers pay and receive money. For consumers not familiar with the ACH payment system,it's the funds transfer system used when employees sign upfor direct deposit, make eChecks payments or authorizeautomatic payments to be deducted from their bankingaccounts. [Extracted from the article]

When the last financial crisis hit, iPhone payments were a hot Apple speculation, but Apple Pay hadn't been introduced. Hitting the big league But Tap to Pay and Apple Pay aren't the only financial services Apple provides. [Extracted from the article]

The FedNow real-time payment and settlement service willincorporate clearing functionality into each payment,allowing banks and businesses using it to instantlydetermine if the payor has the funds to cover a purchase. FedNow helps with reconciliation, because when therecipient receives the payment, it also gets informationabout who sent the payment and for what reason -- in thisexample, an insurance premium payment. NEWS ANALYSIS The US central bank's FedNow payment and settlementrail will increase liquidity, especially for smallbusinesses and supply chain participants who can getpaid instantly for goods and services The US Federal Reserve (Fed) is preparing to launch a newfinancial network that would eliminate any wait time forsending and receiving payments. [Extracted from the article]

The article focuses on the increasing need for cyber insurance in the construction industry as the likelihood of cyber attacks and resulting disputes over payments rise.

The gap between the broader use of digital platforms and the prevalence of digital banking tools in Pakistan is one of the largest in the world, said Fernando Morillo, group head of retail banking at Mashreq, a Middle East-based financial institution that's received a no-objection certificate (NOC) from the banking regulator to start a digital bank in Pakistan. One feature that sets Mashreq apart from competition, according to Mr Lodhi, is its "hollow" core banking, a back-end system that processes transactions within a bank. Upcoming digital bank sees "phenomenal opportunity" in Pakistan. [Extracted from the article]

Here are the main points we'll cover: Effectively Champion modernization in your agency Key requirements for considering technology vendors Using user experience to drive adoption and channel shifts Technical must-haves for a payments solution Evaluating a vendor's partnership orientation to determine fit To read the whole white paper, please register here. PayIt serves more than 80 million people in North America, and we've worked with numerous leaders in local government agencies who are eager to modernize but unsure how to go about it. This guide contains detailed information to help government agencies define digital engagement and payment software purchase criteria and evaluate vendors. [Extracted from the article]

News Analysis Bank of America, JPMorgan, Wells Fargo, and otherbanksare joining forces to create a digital wallet to competewiththe likes of Apple Pay and Google Pay. But they have anuphill battle ahead A group of leading banks is partnering with payment serviceZelle's parent company to create their own "digital wallet"connected to consumer credit and debit cards to enableonline or retail store payments. [Extracted from the article]

NBA strikes deal with consumer data firm The National Basketball Association has signed a multiyear deal with consumer data firm StellarAlgo, with the league's investment arm taking an ownership stake in the company as it looks to grow its portfolio. Ad Age Agency Report 2023: Call for entries The upcoming Agency Report 2023 will include Ad Age's annual rankings, facts and figures on agencies and agency companies. Agency Report covers agencies and agency companies across disciplines including advertising, CRM/direct, media, promotion and other specialties. [Extracted from the article]

The difference is that CBDCs, liketraditional cash, are backed by a central bank's authority,which is why they're called central bank digital currencies. News Analysis China's digital yuan has been piloted in 15 provincesand tested across a multinational financial network. Even before Biden's executive order, the US had been lookingto create a federally-backed digital dollar through ProjectHamilton, a collaboration between The Federal Reserve Bankof Boston and the MIT's Digital Currency Initiative. [Extracted from the article]

The article discusses the emergence of mobile wallets and how it changed customer experience in payment process. Topics include the appeal of mobile commerce functions in smartphones to consumers, the use of more personalized shopping experiences, and the near field communication (NFC) system. Also mentioned is information on the role of PayPal, the formation of payment infrastructure company Merchant Customer Exchange (MCX), and the selection of an open or close loop design in transactions. INSETS: A Digital Wallet Versus a Mobile Wallet;Back to Square One.

El artículo se centra en varias innovaciones en el campo de los servicios de pago minoristas en América Latina y el Caribe. Los temas tratados incluyen el papel de los bancos centrales en esta región para promocionar el buen funcionamiento de la infraestructura de los mercados financieros a través de servicios innovadores en los servicios de pago minoristas; la introducción de métodos electrónicos y digitales para hacer los pagos de una manera cómoda y económica sin el uso de dinero en efectivo; y la importancia de los servicios de pago minoristas para la economía.

Opinion The Zen of IT The European Union is cracking down oncryptocurrencies. An EU official told me "thetext will be ready in time for the confirmation of theprovisional agreement by ambassadors of EU member states atone of the Coreper meetings, not before September.". [Extracted from the article]

An interview with U.S. economist Neil Wallace is presented. The interview begins with the influence of Bob Lucas' paper on rational expectations on the work of Wallace. He then discusses the importance of the idea of establishing microfoundations for macroeconomics. Wallace also talks about the existence and utility of money, the use of electronic payments and debit and credit cards, and the implementation of quantitative easing.

The article offers information on several aspects related to the 245th American Chemical Society National Meeting to be held in New Orleans, Louisiana from April 7-11, 2013 including meeting registration, social and special events, and accommodations. It mentions the need of registration by every attendee for participating at the technical session. It highlights several payment methods including bank wire transfer, check and credit card. INSET: TIPS FOR A SAFE STAY IN NEW ORLEANS.

The article discusses the development over the past 35 years of the U.S. Federal Reserve's cash volume and the forecast of cash growth for the nation's central bank over the next 10 years. It states that the circulation of the U.S. dollar has continued to grow without interruption, despite the increase in electronic payments adaptation, such as credit and debit cards. It predicts an annual 1.7% growth of Federal Reserve's cash volume in the next 10 years.

The article reports on the installation of the Clover point-of-sale hardware and Bypass point-of-sale software from Fiserv, Inc. at the Belmont Park's UBS Arena in New York to allow digital and contactless payment options at the entertainment and sports venue. According to UBS Arena's Hank Abate, they focus on digital engagement at the facility with offerings like self-service kiosks and touchless order fulfillment.

The article presents the results of the AmLaw Tech Survey on the measures being conducted by law firms to upgrade their information technology in the U.S. 70% of the surveyed firms use client extranets for 11 and more clients. Firms are also focusing their attention on electronic billing software applications which are required by their clients. 85% of the firms use flat-panel display in their computers.

Focuses on the emergence of business-to-business electronic payment systems in replacement for paper payment processes. Problems associated to paper payment process; Advantages of using electronic payment systems; Features and capabilities of the Order to Pay e-payments system from Xign Corp.; Barriers that restrict the adoption of business-to-business electronic payments.

Discusses electronic payments networks in the U.S. Information on automated clearinghouse; Reason Americans might use electronic payments less frequently; Benefits of electronic payments.

Explains why Web-based electronic bill payment and presentment (EBPP) has a low consumer adoption rate in the United States. Benefits of EBPP solutions; Details on the EBPP solutions of some companies; Flaws of the consolidator model.

Offers a look at the emergence of electronic bill payment and presentment (EBPP) in the wireless industry. Predicted growth of EBPP by 2005; EBPP technology developed by Telus Communications; EBPP program of BellSouth.

Focuses on the growing business of electronic bill presentment and payment (EBPP) via the Internet. Cost advantages of EBPP; Concerns about electronic billing; Electronic billing methods preferred by online personal computer users; Three issues addressed by EBPP; Type of companies that should offer EBPP.

Focuses on the Automated Clearing House network, which aims to supplant paper checks with secure electronic payment options. Operations of the ACH network; American Clearing House Association's location in Phoenix, Arizona; Electronic Payments Network's functions as a subsidiary of the New York Clearing House Association; Exchange of information with the United States Federal Reserve System and Visa USA.

El artículo enfoca en los sistemas de pagos electrónicos y la eficiencia financiera y monetaria. Se discute la función y evolución del dinero. Se explican los sistemas de pagos electrónicos, que incluyen las redes de transferencias electrónicas de fondos, las redes de compensación automática de pagos, las redes de las bolsas de valores y las redes de banca electrónica y cajeros automáticos.

Se presenta un artículo que da una panorámica de cómo se dan actualmente en Estados Unidos los pagos electrónicos. Muestra que el sistema de pagos estadounidense se está transformando cada vez más en electrónico. Los tradicionales tipos de pagos electrónicos como las tarjetas de crédito, tarjetas de débito y transacciones de cámara de compensación automática son las que están impulsando al sistema de pagos de los EE. UU. Se analiza el uso de cheques y efectivo. Se hablan de las transferencias telegráficas.

Provides information on the multifunction library and debit card, Access Brooklyn Card technology of the Brooklyn Public Library in Brooklyn, New York City. Features of the card system; Testing efforts for the automated system; Installation of computers for system implementation.

The filings extend the Walmart name, the Walmart Connect media business and their related starburst logos to almost every imaginable area of the metaverse, including virtual healthcare visits, NFTs and all manner of electronic transactions. Walmart seems prepared for an all-out blitz of the metaverse, thanks to a series of trademark filings that extend its central brand and logo across seemingly every imaginable application - including a full range of cryptocurrency, NFT and other metaverse services for suppliers. Walmart stakes claim on metaverse: Trademark filings hint at intriguing possibilities - like Walmart Connect using crypto to bypass financial players. [Extracted from the article]

The article highlights the business opportunity presented by the App store payment systems to the technology company Apple. It mentions the pressure facing Apple to make changes to App Store payments in South Korea and the U.S. The company announced its decision to comply with the South Korean law that requires App Store platforms to support multiple payment systems. Also noted is the possibility that Apple will improve its payment system to appeal to consumers' preferences.

Offers a look at the factors that keep people from using the electronic bill presentment and payment (EBPP). Issues faced by telecommunication billing departments; Purpose of some companies for not implementing EBPP; Methods used by telecommunication companies engaged in EBPP; Features of the Interact portal of MCI WorldCom.

Focuses on the security risks associated with electronic commerce. Role of trust in electronic commerce; Privacy versus security; Encryption and electronic commerce; Online and offline electronic commerce systems; Smart cards; Electronic credit; Online electronic cash.

Discusses Internet billing by several wireless communication companies in the United States. Three ways wireless carriers can send bills to customers via the Internet; Companies that use Internet billing; Problems encountered in Internet billing. INSET: Telephone, television...telebill?.

Focuses on the prospects for the creation of a common secure electronic credit card payment system. History of the measures taken to develop a common system; Features of the negotiations between major credit card associations to develop a common system; Benefits of a common electronic credit card payment system. INSET: Once over lightly: What technologies make electronic...

El artículo examina la influencia de las remesas en el financiamiento de la economía salvadoreña. Aunque el flujo de las transferencias han mantenido la estabilidad macroeconómica, el futuro de las remesas como un factor integral en el producto interno bruto es cuestionable. Se menciona la escasez de información sobre los patrones de las remesas familiares, aunque se aproxima un 10% de la población emigró entre 1979 y 1989. El artículo discute las remesas a través de modelo económicos.