Goodbye, signatures: Credit card firms make big change

Don’t take this too hard: your autograph isn’t worth what it once was. American Express, Mastercard and Discover have each announced that, starting in April, they will no longer require signatures on any U.S. and Canadian credit card purchases. (Actually, American Express is making the change for all its transactions worldwide.) Visa hasn’t announced any plans… Please follow and like us:

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Bank of America Has Dozens Of Blockchain Patents

American banks are in a bind. It’s hard for them to innovate with new technologies, because banks are already labyrinthine institutions and the United States is home to a heavily regulated industry. Talk to fintech experts abroad and they’ll usually comment in amazement about just how hard it is to play ball in the complex U.S.… Please follow and like us:

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Sterling falls amid gloomy prospects for UK economy

British currency and stock markets fell on Tuesday after the governor of the Bank of England delivered a pessimistic speech about the prospects for the United Kingdom’s economy as the nation prepares to leave the European Union. A twenty pounds banknote is seen in front of displayed stock graph in this picture illustration taken June 9,… Please follow and like us:

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Blockchain technology to see growth in next 10 years

Zhang Jian, CEO of BoChen Technology, speaks at a blockchain forum in Guiyang, Guizhou province, May 27, 2017. [Photo provided to chinadaily.com.cn] Blockchain-based application scenarios will become prosperous in the next five to 10 years as the technology continues to improve, Zhang Jian, CEO of BoChen Technology, said. BoChen Technology focuses on the infrastructure creation of… Please follow and like us:

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The Rise Of Passive And Indexed-Based Investing, And Its Effect On Market And Liquidity Risk

The most profound developments in the investment markets in the last 20 years have been the growth of indexed-based investing and the move to passive fund management. Though the assets of mutual funds have increased three-fold in the last 17 years, the assets of exchange traded funds (ETFs), funds that are typically indexed, have grown 130-fold.… Please follow and like us:

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