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"No new money"
The Bank of International Settlements questions Facebook executives on Monday, along with officials from Fnality, a stablecoin project; and executives from JPMorgan, which is creating JPM Coin.
Cryptophone
HTC has partnered with Bitcoin.com to outfit all new Exodus 1 phones with a Bitcoin Cash wallet already installed, a move to encourage more usage of its
HTC will also push an update to add the wallet app for existing devices, reports
The device manufacturer sees Bitcoin Cash as a gateway for other services that support consumer-driven data control, according to Engadget.
Youth pay
JPMorgan Chase and Wells Fargo have joined a $54 million investment in Greenlight Financial Technology, which has developed an app and debit card for kids.
Drive Capital led the investment, which Greenlight attracted in part because it has signed up about a half million parents and kids since its launch in 2017, reports
Nationwide breach
Most of Ecuador's population, if not all, has been victimized by a data breach that included financial data, automobile registration, family tree information and government registry data, all information that can be used for ID theft and payment-related crimes — including exposure for cross-border transactions in other countries.
More than 20 million records were compromised, reports
The breach was due to a misconfigured database, and is likely the largest in the nation's history, according to ZDNet.
From the Web
YAHOO FINANCE | Mon September 16, 2019
Businesses using BitPay for payment processing can accept Ethereum for purchases without the need for any integration or enhancements. Additionally, wallet users will be able to store and use Ethereum in a BitPay wallet and BitPay Prepaid Visa Card holders can top up debit cards.
THE STRAITS TIMES | Mon September 16, 2019
Global cyber security firms, large and small, that set up base in Singapore to grow their businesses and capabilities can tap the Republic's technical prowess, skilled manpower and networks, Senior Minister Teo Chee Hean said. Mr Teo added that these companies can use Singapore's global networks for cross-border collaboration, which is crucial for cyber security, given how it is an international field.
COINDESK | Mon September 16, 2019
Coinbase announced its review of eight cryptocurrencies earlier last month. Of those under study, dash is the first to be approved. A proof-of-work cryptocurrency, dash focuses on payments and security. With a reported marketcap of over $800 million, Dash is the 16th largest cryptocurrency by that metric.
More from PaymentsSource
As anti-money laundering requirements tighten in many jurisdictions, financial institutions and fraud prevention platforms are ditching legacy AML solutions for newer technology — but alternatives aren’t easy to come by yet.
In response to rising concern about the environment, American Express has redesigned its classic Green Card to contain recycled plastic gathered from the ocean.
Plaid, the San Francisco-based financial technology infrastructure provider, has received strategic investments from Mastercard and Visa as part of a $250 million round of funding. Plaid did not disclose the two networks' specific investments.
It’s a familiar scenario: A financial company offers a new high-tech service, and hackers immediately begin trying to game the system and drain money out of it.