MOBILE BANKING & PAYMENTS Archive

China says no tough rules for foreign bank card firms

Source photo China will not impose tough licensing restrictions on overseas bank card providers seeking to enter the country’s $7 trillion card payment market, a senior central bank official said on Tuesday. Industry sources told Reuters in October that they were concerned the Chinese government would limit the number of licenses issued to foreign card [&hellip

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Optimal Payments says investigating data breach allegations

Mobile payments company Optimal Payments Plc said it was investigating allegations that personal data belonging to some of its customers had been compromised. The company said the allegations were about data breaches at two of its units in 2012 or earlier and the data which is available in the public domain emanated from those breaches. [&hellip

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Making 401(k) enrollment and escalation automatic

Given the large gap between retirement needs and retirement resources, our retirement programs need to work as well as possible. In the private sector, 401(k) plans, the main vehicle for retirement saving, are not working as well as they could. This problem could be remedied with more extensive use of automatic provisions – automatic enrollment [&hellip

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Americans are afraid of having their identities stolen but don’t do much about it

If constant headlines about data breaches have made you fear your identity might be stolen, you’re not alone. About 77% of Americans are frightened by the prospect of having their identities stolen, according to a survey released Monday by Bankrate.com, at a time when cyber threats are growing. And 46% of people said they’ve already [&hellip

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14 banks looking at bitcoin and blockchain, ranked by how much they get it

When bitcoin first emerged banks didn’t want anything to do with it. But a few years down the line and pretty much all of them are looking at it. Although no British High Street banks currently accept bitcoin — Barclays is tipped to become the first — many of them are experimenting to varying degrees [&hellip

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