OCC’s Otting: Why do state regulators want to limit consumer choice?

More from: | PaymentsSource | 0 The decision by the Office of the Comptroller of the Currency to begin accepting applications for special purpose national bank charters from fintech companies promotes innovation, gives consumers and businesses greater choice and creates economic growth and opportunity. It is also good for America’s... Read more

EMVCo picks up collaborators for EMV spec work

More from: | PaymentsSource | 0 EMVCo has added 14 organizations to its associates program since late last year, providing a boost for EMV specification development. The EMVCo associates program allows global payment industry stakeholders, including card or terminal manufacturers, processors, banks, payment systems, mobile network operators, transaction processors and... Read more

Moneycorp's platform shakeup adds turf for acquired U.S. clients

More from: | PaymentsSource | 0 Digital transaction network Moneycorp is transferring its 4,500 U.S. customers to an international payments platform that serves more than 14,000 businesses globally. The single-platform transfer is part of London-based Moneycorp’s full integration of Commonwealth FX, a U.S.-based corporate international payments business it acquired at... Read more

Hackers are targeting bitcoin with a leaked NSA software tip

More from: | PaymentsSource | 0 Hackers are illegally generating Monero, Bitcoin and other cryptocurrencies by exploiting a software flaw that was leaked from the U.S. government, according to new research, raising questions about the security of one of the fastest-growing corners of financial markets. Detected cases of illicit cryptocurrency... Read more