Friday , July 20, 2018

John Stewart

Starting as an editor on Bank Network News at Faulkner & Gray, John ultimately played a key role in starting, editing, and publishing many of F&G's flagship publications, including Credit Card Management, Card Technology, Card Marketing, and Collections & Credit Risk. Before co-founding Boland Hill Media, John was a group publisher at Thomson Media responsible for a $10 million division embracing magazines, newsletters, and Web sites.

Crypto Gets a Boost As Bitcoin Surges And Mastercard Scores a Networking Patent

After weeks of listless trading, Bitcoin has rallied over the past 24 hours, shooting up from the high-$6,000s to the mid-$7,000s in a move that has brought new energy to other leading cryptocurrencies. Coincidentally, Mastercard Inc. on Tuesday was awarded a patent for a system that could allow users of …

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A Visa-Sponsored Report Lays Out the Costs of a Cash-Based Economy

Payments gurus for years have touted benefits like faster transactions, improved security, and associated rewards when it comes to mobile payments. Now a study released Tuesday indicates converting off-the-books cash payments to digital methods could also boost a nation’s gross domestic product and augment the flow of tax revenues to …

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Eye on Cryptocurrencies: CheapAir Lands a New Provider; Payroc Joins the Ranks of Crypto ISOs

Online travel agency CheapAir.com says it has found a workaround that will let it continue to accept cryptocurrency, and Payroc LLC has become the latest payments provider to offer crypto to merchant clients. Calabasas, Calif.-based CheapAir notified customers on Friday that it has found a new provider for Bitcoin acceptance …

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A Pair of Banking Giants Report Quarterly Numbers Indicating Robust Payments Growth

Two of the nation’s largest banks on Friday released some details about their payments businesses indicating robust growth despite their size. JPMorgan Chase & Co., which operates one of the nation’s biggest merchant-processing centers, reported its merchant volume grew 12% in the quarter ended June 30, to $330.8 billion. For …

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A Facebook Patent Filing Lays Out a Method to Streamline Bot-Based Payments on Messenger

Facebook Inc. enabled payments via so-called chatbots back in 2016, and now the massive social network is acting to standardize and streamline consumers’ use of the digital gadgets on sellers’ pages. The United States Patent And Trademark Office published on June 28 an application from Facebook for a method for …

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Following Its Big June IPO, Adyen Continues To Surge

Does it pay to bet on payments? If the bet is on Adyen N.V., it pays handsomely so far. The Dutch processor and payments gateway is showing no signs of slowing down since its initial public offering nearly four weeks ago. The stock, which trades on the Euronext Amsterdam exchange, …

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The ICBA Notches a ‘Victory’ Against Square, But Looks to Quash the ILC ‘Loophole’ for Good

Square Inc. may be planning to re-file its application for deposit insurance with the Federal Deposit Insurance Corp., but that isn’t stopping its main opponent from celebrating the fact that the company has withdrawn its original application—at least for now. “We can call it a victory,” Chris Cole, executive vice …

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The Problem of Stolen Crypto Is Getting Worse Fast, Spurring a Possible Regulatory Crackdown

Enthusiasts of Bitcoin and other cryptocurrencies are trying to position the digital currencies as legitimate means of exchange, but crypto’s tendency to be stolen and then laundered by thieves is not only well-known, it’s growing worse. The total estimated value of cryptocurrency pilfered from exchanges worldwide came to almost $800 …

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Eye on Crypto: Fit Pay Readies Its Flip; Expedia Cancels Bitcoin; Lightning’s Woes; Facebook’s About-Face

It has been a busy week in the cryptocurrency business. On Thursday, technology vendor Fit Pay Inc. announced it is closer to shipping a contactless coin-shaped device called Flip that allows consumers to convert their Bitcoin to U.S. dollars so they can make purchases. Earlier, news emerged that the online …

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Alipay Launches a Wallet-Based Cross-Border Money-Transfer Service Using Blockchain

Payments observers wondering when, and where, blockchain technology would take hold may want to pay close attention to cross-border remittances. Alipay Payment Services (HK) Ltd. said on Monday that it has launched a mobile-wallet based money-transfer service between Hong Kong and the Philippines using a blockchain backbone. The service, which …

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