‘Banking industry is ripe for disruption,’ states Edgar, Dunn & Company
Edgar, Dunn & Company recently released the Advanced Payments Report for 2016, sponsored by Wirecard, a global financial services and technology company. Wirecard is considered to be a key player and innovator within the digital payments world. It assists companies such as FinTech startups, retailers and airlines to meet their digital payments requirements.
Banking Bitcoin-Related Businesses: A Primer for Managing BSA/AML Risks
This paper examines the current regulatory environment for Bitcoin-related businesses as well as measures these businesses can adopt to mitigate the BSA/AML risks inherent in the Bitcoin protocol. It also presents a framework for financial institutions (FIs) to consider for managing the risks associated with banking these companies. This paper is not a replacement, update, or supplement to BSA/AML guidance requirements provided in November 2014 by the Federal Financial Institutions Examination Council (FFIEC). By making a commitment to BSA/AML compliance, Bitcoin-related businesses can both better position Bitcoin as a mainstream payment system and enhance the ability of FIs to successfully bank them.
Five Things Blockchain Must Get Right to Realize Its Full and Transformative Potential
D outlines key considerations blockchain technology must achieve to fully capitalize on its potential to revolutionize payments.
Coinbase reveals the Shift bitcoin debit card is off to a solid start
Towards the end of last year Coinbase partnered with [Shift Payments](https://www.shiftpayments.com), a company that provides Visa debit cards. The team are working hard to enable users to connect a range of funding avenues to the card, including bitcoin.
Opportunities and risks associated with the advent of digital currency in the Caribbean
This report examines the usage of digital currency technology in the Caribbean subregion with a view to drawing attention to the opportunities and risks associated with this new phenomenon. It discusses the broader context of an emerging activity at the global level and considers how this technology could address subregional deficiencies in the electronic payment infrastructure.
After a bumpy road, Australia still embraces bitcoin bill payments
Using bitcoins to pay everyday bills is a reality, using third-party payment processing services. In Australia, it has become so popular that they’ve already processed over $1 million, despite a rocky time with their tax authority.
Instant revolution of payments – The quest for real-time payments
Traditional retail payment systems do not match the immediacy and ubiquity of digital processes in commerce and social life. In several countries, instant payment systems have been introduced to bring payments up to the speed of digital processes, but also for more general economic reasons like infrastructure modernisation or financial inclusion.
Committee on Payments and Market Infrastructures: Digital Currencies
This report considers the possible implications of interest to central banks arising from these innovations. First, many of the risks that are relevant for e-money and other electronic payment instruments are also relevant for digital currencies as assets being used as a means of payment. Second, the development of distributed ledger technology is an innovation with potentially broad applications. Wider use of distributed ledgers by new entrants or incumbents could have implications extending beyond payments, including their possible adoption by some financial market infrastructures (FMIs), and more broadly by other networks in the financial system and the economy as a whole. Because of these considerations, it is recommended that central banks continue monitoring and analysing the implications of these developments, both in digital currencies and distributed ledger technology.
The Future Way to Pay
The mode of payment for goods and services has been evolving since human beings started trading with each other during the early millennia. Over the last few years and looking ahead into the future, the way in which we exchange money for goods and services has and will see unprecedented growth and innovation due to advances in technology that is now part of our daily lives.
Virtual Currencies are not Threat to the Euro Area,says ECB President
Letter from the ECB President to Ms Eva Kaili, MEP, on virtual currency schemes and alternative forms of payment.
Bitpay And Ingenico Enabling Global Bitcoin Point Of Sale Payments
Ingenico, the world's largest merchant Point-of-Sale device maker just integrated Bitpay's service to allow a larger percentage of the world's merchants to accept bitcoin payments seamlessly.
Distributed consensus ledgers for payments
The goal of this paper is to guide banks seeking to realize the opportunities presented by DCL, help them see through and beyond the hype and disillusionment and position themselves appropriately, starting now (and avoid becoming part of the hype themselves).
Innovation in Payments: The Future is Fintech
This paper examines the growing capabilities of fintech in both the consumer/retail and wholesale/corporate payments arenas, and discusses the monumental role fintech â and the array of solutions it presents â will play in shaping the course of the payments industry as a whole.
Earning Bitcoins, Affiliates On The Rise
As more bitcoiners search for a way to earn money exclusively in bitcoin, Affiliate Marketer has become a promising new income source.
BitNexo Offers B2B Remittances in Asia and Latin America, Using Bitcoin
An international bitcoin startup is bringing bitcoin remittances to new countries and demographics with a new enterprise remittance solution leveraging bitcoin.
Comedian Louis CK Accepts Bitcoin, Shuns DRM
Louis CK has set precedents in the past, selling content directly to consumers with no digital rights restrictions. Now he is accepting Bitcoin payments for his online shows, and introducing a new group to digital currencies.
