Payment Systems News

To help you stay on top of developments that are changing the way we pay for goods and services, Wiser has created a payment systems news email. It is delivered to your inbox once a day and features the best articles on the topic from around the web. Down through history the way payments have been made and received has changed. Bartering gave way to currency which lasted for centuries until technology developed electronic methods of payment. These payment systems include electronic transfers and payments by debit and credit cards. Electronic payment systems have become more popular, and have moved on to contact-less payments and payment through personal mobile devices. But new technologies are changing payment systems even further. One change is the introduction of non-traditional financial institutions to control the networks. An example of this is using the technology company PayPal rather than a traditional bank. And this is moving even further with systems that remove the middleman altogether - an example of this is Bitcoin. To stay up-to-date with payment systems news and with developments in the technology and regulatory system, sign up for the free Wiser email digest.

Recent Payment Systems News Coverage
 
Your Weekly Recommendations Friday, April 20, 2018
 
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Wells Fargo to pay $1 billion for mortgage, auto lending abuses
Chicago Tribune • Ken Sweet
Mulvaney defends pay freeze even for feds he knows are underpaid
Washington Post • Joe Davidson
Wells Fargo to be fined $1B as early as Friday: reports
Chicago Tribune • Ken Sweet
Whole Foods is retiring all of its loyalty programs before integrating with Amazon Prime (AMZN)
Business Insider • Dennis Green
The death of cash in travel
Eye for Travel • Pamela Whitby
12-year sentence for investment adviser who scammed clients, including his elderly in-laws, feds say
Chicago Tribune • Mike Nolan
Ex-assistant charged with misusing company credit card to cater son's party, run up $50,000 in expenses
Chicago Tribune • Jason Meisner
The Sweet Spot: My Husband Got Secret Credit Cards and Maxed Them Out
The New York Times • Cheryl Strayed, Steve Almond
Grubhub now lets you use Venmo to split food orders inside its app
The Verge • Shannon Liao
Pornhub now allows payments from one specific cryptocurrency
Mashable • Marcus Gilmer
 
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Bank of America, Credit Cards
Wells Fargo to pay $1 billion for mortgage, auto lending abuses
Chicago TribuneKen Sweet
(Matt Rourke / AP) Wells Fargo will pay $1 billion to federal regulators to settle charges tied to its mortgage and auto lending business, the latest chapter in a wide-ranging scandal at the banking giant. However, it appears that none of the...
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Bank of America, Credit Cards
Mulvaney defends pay freeze even for feds he knows are underpaid
Washington PostJoe Davidson
Content from Bank of America This is content paid for by an advertiser and published by WP BrandStudio. The newsroom was not involved in the creation of this content. Learn more about WP BrandStudio. "There is no better example of shared success...
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Bank of America, Business Ethics
Wells Fargo to be fined $1B as early as Friday: reports
Chicago TribuneKen Sweet
Federal regulators plan to fine Wells Fargo as much as $1 billion as early as Friday for abuses tied to its auto-lending and mortgage businesses, The New York Times and other news outlets reported, citing unnamed sources. The potential $1 billion fine...
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Amazon Video, Credit Cards
Whole Foods is retiring all of its loyalty programs before integrating with Amazon Prime (AMZN)
Business InsiderDennis Green
Whole Foods has announced it is ending all of its online programs, including its loyalty programs and digital coupons. They will be phased out in May. The change is in anticipation of Whole Foods' integration with Amazon Prime. Amazon is bringing more...
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Credit Cards, Credit Services
The death of cash in travel
Eye for TravelPamela Whitby
The payment landscape is changing but is cash really in terminal decline? An EyeforTravel report goes in search of answers From e-wallets to currency cards, peer-to-peer exchanges, cryptocurrencies and, of course, the good old credit and debit card, cash is having to...
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Credit Cards, Credit Services
12-year sentence for investment adviser who scammed clients, including his elderly in-laws, feds say
Chicago TribuneMike Nolan
An investment adviser who defrauded clients, including his elderly in-laws, through Orland Park businesses he operated was sentenced Tuesday to more than a dozen years in prison, according to the U.S. attorney’s office in Chicago. Daniel Glick, 65, of Chicago, stole $5.2...
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Credit Cards, Credit Services
Ex-assistant charged with misusing company credit card to cater son's party, run up $50,000 in expenses
Chicago TribuneJason Meisner
A former executive assistant at one of Chicago’s largest asset management firms was charged Tuesday with using company money to pay for a string of extravagant personal expenses, including her rent, catering her son’s birthday party and box seats for Cubs and...
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Credit Cards, Credit Services
The Sweet Spot: My Husband Got Secret Credit Cards and Maxed Them Out
The New York TimesCheryl Strayed, Steve Almond
Image My husband and I are both 30. We’ve been married five years. Several months ago, we decided to begin the process of becoming homeowners. After meeting with a mortgage broker, who mentioned he’d be checking our credit reports, my husband was...
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Credit Cards, Credit Services
Grubhub now lets you use Venmo to split food orders inside its app
The VergeShannon Liao
Grubhub has come out with a Venmo integration, which it officially announced today. Now, you can use Venmo as a payment option inside Grubhub. The new integration also lets you split the bill for group food orders with Venmo. Users must have...
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Credit Cards, Credit Services
Pornhub now allows payments from one specific cryptocurrency
MashableMarcus Gilmer
Image: Pornhub Finally, PornHub has jumped into cryptocurrency craze just as the ancient prophecies foretold. The widely-visited porn site is pairing up with cryptocurrency company Verge to offer customers an easier way to pay for Pornhub products, including for the site's Premium...
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