Global Payments News

• Smart contracts don't take crypto firms out of regulatory range
  The Department of Justice can still investigate and arrest the developers behind the automatic transactions, says Exante's Anatoliy Knyazev.
• Chase undercuts fintechs with same-day card acceptance for small shops
  Several large mobile point of sale projects are hitting the market at once to reach financially troubled retailers, with JPMorgan Chase making use of a three-year-old acquisition to push back against the technology firms that have been gobbling up small-business clients.
• FIS connects to Walgreens for card loyalty program
  FIS has added Walgreens as a rewards partner in Premium Payback, its payment card loyalty program for financial institutions using its banking services platform.
• How PayPal’s approach to crypto breaks with precedent
  PayPal isn’t the first company to open its platform to cryptocurrencies, but its technique is more hands-on than most payment providers.
• Complying with faster pay rules is not enough to prevent fraud
  Businesses continue to demonstrate that they are no match for criminals’ swift ability to hijack vulnerable personally identifiable information or socially engineer victims into payments fraud, says Giact's Kimber Johnson.