Australian regulators on Tuesday (Sept. 25) criticized top banks in the country for what authorities called inadequate reporting of breaches of financial law. Reports in Reuters said the Australian Securities and Investments Commission (ASIC) announced the completion of its review into Australia’s top four banks and how they managed and remediated issues of non-compliance. The ASIC […]
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Visa is expanding the testing of its B2B payments technology, B2B Connect, into Thailand, according to reports. The Nation reported that B2B Connect is now being piloted by Thailand’s largest bank Kasikornbank. “Visa is proud that we have representation from a Thai financial institution in the pilot program,” said Visa Thailand Country Manager Suripong Tantiyanon in […]
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The Amazon Alexa Fund has invested in Plant Prefab, a leading home design and prefabrication company. The Southern California startup announced it has raised a $6.7 million Series A funding round that also included participation from Obvious Ventures. The funds will be used towards new senior hires, building the marketing and sales team, and developing […]
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A new report revealed that Homeland Security’s face scanning airport security program is facing “technical and operational challenges” and might not be ready to launch nationwide by its estimated completion in 2021. Homeland Security’s inspector general said that while Customs and Border Protection (CBP) is making “considerable progress” in launching the airport scanning facial recognition […]
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Four months after General Data Protection Regulation (GDPR) came into effect, France is seeing a rise in data privacy complaints. The country’s CNIL agency announced on Tuesday (Sept. 25) that it’s received 3,767 complaints since May 25, which is when the GDPR went into effect. That is an increase from 2,294 complaints over the same period last […]
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These days, it is fair to say that data makes the world go ’round. Every day, 2.5 quintillion bytes of raw data are produced worldwide, and harnessing the power of that data has built better transportation systems, real estate markets, retail experiences, payment options, banking interactions and security systems, just to name a few. When venture […]
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Maybe Isaac Newton — the hopelessly hopeful alchemist who came up with some solid rules of physics — was a genius of business and even B2B payments, too. After all, one of his main rules concerns the tendency for objects (by which he means everything in the universe) to remain in a state of inertia. […]
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One card to rule them all: the mantra rings throughout the payments realm, and smacks of some sorcery and swashbuckling movies one may remember. Like a scene out of a Tolkien movie, though, the lure of that mantra has left a lot of bodies in its wake, where peril outweighed promise, where startups burned through cash. […]
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Whether at a traffic stop, purchasing age-restricted products or even boarding an airplane, consumers are used to reaching for their wallets when asked for identification. However, if digital driver’s license pilots — like those happening both in the United States and abroad — are successful, they might soon be reaching for their smartphones. In the latest Digital […]
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With a strong labor market and expectations for more growth in the economy, consumer confidence in the U.S. reached an 18-year high in September. According to a report in Reuters, citing the Conference Board, the consumer confidence index jumped to a reading of 138.4 in September, up from 134.7 in August, marking the best reading since […]
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