flwnet

American Express and card-on-file management company Knot are launching a card-on-file payments solution to improve the payment experience at trusted retailers.  “Amex has integrated with Knot’s CardSwitcher technology, which allows eligible card members to quickly and securely provide their payment information to participating merchants directly through the Amex website,” Stephanie Schultz, vice president and head…

Michelle Beyo, chief executive of consultancy firm Finavator, will be featured in the upcoming Bank Automation News webinar “The future of open banking: Payments meet data,” taking place on Tuesday, Sept. 17, at 11 a.m. ET. Register here for the webinar.   The free, 45-minute webinar moderated by BAN Editor Whitney McDonald will see industry leaders…

TD Bank was ordered to pay $28 million in fines by the Consumer Financial Protection Bureau, which ruled the bank had shared inaccurate information about its customers to consumer reporting companies.  Consumer reports are used by financial institutions and other lenders to determine access to credit, housing or employment. By sharing inaccurate information regarding bankruptcies…

NEW YORK — KeyBank is hesitant to join the Federal Reserve’s real-time payments network FedNow until the payments rail shows some growth.  The $184 billion bank wants FedNow to reach 5% of demand deposit accounts (DDA) before joining the payment network. DDAs allow deposited funds to be withdrawn at any time, Jon Briggs, head of…

Things we’re reading today include … Innovation may slow amid bank-fintech partnership scrutiny: analysts | Banking Dive UK fintechs warn tax hike could undermine global fintech status – The Banker FIS draws fintech startups into accelerator | Payments Dive New bill introduced in Parliament to clarify crypto’s legal status – GOV.UK (www.gov.uk) Cryptocurrency-Linked Scams Surge……

Everyone seems to be talking about CBDCs: Central Bank Digital Currencies. They are being launched to stem the tide of cryptocurrencies, but it makes you ask: what’s the difference. A CBDC is backed by a government; a cryptocurrency is backed by decentralised democracy. Not much difference there then. The Bank of England defines CBDC as……

Everyone seems to be talking about CBDCs: Central Bank Digital Currencies. They are being launched to stem the tide of cryptocurrencies, but it makes you ask: what’s the difference. A CBDC is backed by a government; a cryptocurrency is backed by decentralised democracy. Not much difference there then. The Bank of England defines CBDC as……

Everyone seems to be talking about CBDCs: Central Bank Digital Currencies. They are being launched to stem the tide of cryptocurrencies, but it makes you ask: what’s the difference. A CBDC is backed by a government; a cryptocurrency is backed by decentralised democracy. Not much difference there then. The Bank of England defines CBDC as……

Everyone seems to be talking about CBDCs: Central Bank Digital Currencies. They are being launched to stem the tide of cryptocurrencies, but it makes you ask: what’s the difference. A CBDC is backed by a government; a cryptocurrency is backed by decentralised democracy. Not much difference there then. The Bank of England defines CBDC as……

Everyone seems to be talking about CBDCs: Central Bank Digital Currencies. They are being launched to stem the tide of cryptocurrencies, but it makes you ask: what’s the difference. A CBDC is backed by a government; a cryptocurrency is backed by decentralised democracy. Not much difference there then. The Bank of England defines CBDC as……