The Bank of England unveiled its first plastic banknote on Thursday (June 2), which is a polymer £5 bill sporting an image of Sir Winston Churchill. The move to offer a plastic note is a significant one, noted The Guardian, as the Bank of England...
Faced with what feels like a sudden onslaught of attacks, SWIFT may be looking to pull the plug on member banks with cybersecurity that is not sufficiently strong. According to SWIFT Chief Executive Gottfried Leibbrandt, sophisticated cyberhacking enterprises have “chang[ed] the game completely.” “We could say...
Not much of a dip, as shares were down less than 1 percent on Thursday (June 2), but nonetheless, Apple got a bit of a downer from Goldman Sachs. As has been widely reported, the investment bank trimmed its price target on the tech juggernaut...
Smaller manufacturing firms can't compete on price alone. KeyedIn, which just struck a partnership with cloud accounting firm Sage, says operational efficiency via real-time, firm-wide data is the key to growth in a hyper-competitive market.
“We live in a world where each day we are surprised by something new when it comes to the sophistication and the capabilities of hackers,” Benjamin Lawsky, banking and cybersecurity expert, told CNBC on Wednesday (June 1) during an interview for its “Power Lunch” program....
ACI Worldwide, the Florida-based electronic payment solutions provider, announced the launch of its UP eCommerce Payments solution, which it says will enable merchants and payment service providers to better capitalize on the $2.2 trillion eCommerce opportunity. The solution, ACI Worldwide said, has been designed to to...
In a relatively new twist on payday lending oversight, small lenders claiming ties with tribal entities cannot claim sovereign immunity when it comes to extending loans and the interest rates tied to those loans. As reported by Courthouse News Service, sovereign immunity does not “shield” payday...
Lloyds Banking Group (LBG) may soon introduce advanced mobile order and pay at the catering locations across all of its locations after receiving “fantastic” feedback from a test run of the service. The “order and pay with mobile” solution from U.K. FinTech startup WoraPay was...
According to Pew Charitable Trusts, about 12 million Americans take out a payday loan each year. The typical loan is $375. Borrowers are usually employed full-time (thus the “payday” moniker), must have an active checking account and, by most accounts, would appear to be “middle class” or “working class,” according to Pew. But based...
