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Summer is here at last 鈥?the time of year when temperatures go up, the days get long and the pace of almost everything slows down to a more relaxed level. Almost everything 鈥?but not the payments and commerce ecosystem, as Karen Webster and Featurespace Founder聽Dave Excell agreed upon when they sat down for The Week In Payments conversation.As it turns out, payments and commerce dont believe in summer vacation, and are never short on developments to discuss and this week was no exception, as the mounting ransomware problem, Prime Day聽action and consumers relationship to the connected economy all took center stage. Its been an interesting week, Excell noted. We saw that for consumers, time is one of the most valuable assets. I don ;t want to read the fine print鈥擨 just want to hit accept and go on to the next thing. The Rising Tide of RansomwareThe rise of ransomware made the headlines this week, though thankfully not because a major incident has da
stanley hrnek maged Americas critical infrastructure 鈥?a la the Co
stanley termos lonial Pipeline hack 鈥?but because the FBI director was speaking at a Senate Budget and Appropriations Committee hearing,聽asking for additional funding聽to beef up the agencys cybersecurity investigations.As ransomware attacks are on the rise, Excell told Webster, were encountering one of the unfortunate side effects of the widespread digitization of the economy. As the systems that we rely on for our day-to-day activities ha
stanley cup nz ve become automated and are running in the cloud, th Qwqh Microsoft To Get Nod From EU For Its $7.5B GitHub Buy
Some states are girding for a fight with the Trump White House over plans for the federal government to increase its role in overseeing the FinTech startup market.According to a report in the Wall Street Journal, Mark Brnovich, Arizonas Republican attorney general, said in an interview he wants the federal government to eit
kubki stanley her take a more hands-off approach or ink cooperative agreements with the states when it comes to FinTech.聽 Washington, D.C., is, frankly, where good ideas go to die, Brnovhic told the paper. Arizona recently launched a sandbox project aimed at encouraging companies and state officials to work together to test new FinTech products and business models. States
stanley cup who are courting FinTech companies now have to compete with the federal government as well.The calls from some states come after the Treasury Department in the U.S. last week issued a report urging financial regulators to embrace FinTechs. Meanwhile, the Office of the Comptroller of the Currency said it is accepting applications
stanley kaufen for banking charters from startups, while the Consumer Financial Protection Bureau and the Commodity Futures Trading Commission this year have rolled out their own sandboxes, noted the Wall Street Journal.The push by the federal government is worrying officials in states. They fear the federal government push will hurt states ability to lure the new businesses their way. There are also concerns federal financial agencies will override state laws that protect consumers
