News - page 257

Fintech & Ecommerce

Experian to Pilot Credit-Building Service

Experian will pilot a new service for “credit invisibles”– people with little to no credit history – to get better access to mainstream financial services and start their credit-building journey

Blockchain & Crypto

Australian Taxation Office Implements Crypto Monitoring

The Australian Taxation Office is taking measures to monitor crypto transactions and ensure tax law compliance when it comes to digital assets with the help of a new data-matching tool

All materials

US Department of Agriculture to put State Benefits on Mobile Phones in Five States

The U.S. Department of Agriculture (USDA) will provide citizens eligible for financial support under the Supplemental Nutrition Assistance Program (SNAP) in Illinois, Louisiana, Massachusetts, Missouri, and Oklahoma with the opportunity to receive benefits and make payments via NFC or QR code for relevant purchases on a mobile device.

Finance & Economics

Bank of Egypt Ups Withdrawal Limits for Instant Payments

The Central Bank of Egypt has decided to increase the amount of money that can be withdrawn through payment service providers.

Finance & Economics

F5 and Visa Partner to Reduce Login Friction

F5 announced the beginning of cooperation with Visa in order to provide sellers with a simpler login algorithm for customers.

Fintech & Ecommerce

Numeral Launches in UK to Help Fintechs Access EU Markets

The French platform for aggregating banking transactions and automating payments, Numeral, has announced the start of work in the UK financial market.

Finance & Economics

Binance to Convert Recovery Funds From BUSD to ‘Native Crypto’

Reacting to the sudden collapse of the most crypto-friendly US banks, Binance CEO and co-founder Changpeng (CZ) Zhao reconsidered the firm’s recovery funds, aiming to change them into native crypto

Finance & Economics

Regulators Close Crypto-Focused Signature Bank

In the US, regulators have decided to close the New York-based Signature Bank, which is one of the largest lenders in the crypto industry.

Blockchain & Crypto

Nissan Tries New Sales Avenues With Four Web3 Trademarks

Nissan enhanced its Web3 efforts with four new related trademarks filed in the US, while its Japan unit is currently experimenting with auto sales in the metaverse

Finance & Economics

First Republic Strengthens Liquidity With the Help of JPMorgan

First Republic Bank enhanced and diversified its financial position through additional liquidity from the Federal Reserve Bank and JPMorgan Chase

Blockchain & Crypto

South Korea Launches Metaverse Fund

The Ministry of Science and ICT of South Korea established an investment fund to support the growth of metaverse initiatives in the country

Finance & Economics

BILL and BMO Debut Bill Pay and Invoicing Tool

BILL software development company, together with the Bank of Montreal (BMO), has launched a platform for paying bills/invoicing.

Finance & Economics

Finance Platform Railsr to Sold to Consortium

Railsr, formerly known as Railsbank, will become the property of a consortium of global investors.

Finance & Economics

Krungthai Bank Deploys Visa B2B Connect in Thailand

Krungthai Bank (KTB) and Visa announced the conclusion of a partnership agreement to provide enterprises operating in Thailand with the opportunity to make cross-border corporate payments under a simplified procedure.

Blockchain & Crypto

Biden Budget Proposes Crypto Mining Tax

A budget proposal by U.S. President Joe Biden aims to “reduce mining activity” with a 30% tax on electricity costs linked to the cryptocurrency mining process

Finance & Economics

Pocketbook and Bond Help Small Businesses Deploy Digital Wallets

Pocketbook and Bond announced the beginning of cooperation, the purpose of which is to provide small and medium-sized businesses with the opportunity to introduce digital wallets.