South Korea: Financial Watchdog Warns Two Banks Over Poor Crypto Transaction Management

The South Korean Financial Supervisory Service has asked two major domestic banks to supplement their currency-related business procedures. A South Korean financial authority has warned two major domestic banks about their lack of management of cryptocurrency transactions and anti-money laundering (AML) regulation, local online media outlet The Daily reports Dec. 4. The Financial Supervisory Service […]

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‘Free Transactions Cleared in Five Seconds’: Platform to Help Businesses Use Blockchain

sponsored A startup is aiming to woo social networks, gaming companies, payment providers and other businesses through a blockchain platform that benefits them and their customers. A startup is aiming to attract social networks, gaming companies and mobile payment providers through a “full-service platform” that eliminates the headaches associated with using blockchain technology to reach […]

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Mastercard Patent Claims Cryptocurrency Can Benefit From Fractional Reserve Banking

Payment processing giant Mastercard wants to patent a new method of simultaneous crypto and fiat storage. U.S. multinational financial services corporation Mastercard wants to apply principles of fractional reserve banking to cryptocurrency, a new patent application published Thursday, Oct. 25 reveals. According to the document, published by the U.S. Patent & Trademark Office (USPTO), the […]

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First Data, BlueSnap Partner On eCommerce Payment Processing

First Data, the global commerce-enabling technology company, and BlueSnap, a payments technology provider, announced on Wednesday (October 10) a partnership to combine BlueSnap’s All-in-one Payment Platform with the suite of global and local payments solutions offered by First Data. In a press release, the companies said the partnership will also provide BlueSnap with access to First […]

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