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October 1, 2021
Top Post
WSJ News Exclusive | Google Is Scrapping Its Plan to Offer Bank Accounts to Users
Wall Street Journal
“Google is abandoning plans to pitch bank accounts to its users, marking a retreat from an effort to make the tech giant a bigger name in finance. The Alphabet Inc unit announced almost two years ago that users of its Google Pay digital wallet would be able to sign up for enhanced checking accounts and debit cards at a handful of financial institutions large and small, including Citigroup Inc. and Stanford Federal Credit Union.”
December 26, 2018
On the web
Google Payment Expands With E-Money License From Lithuania
Bloomberg
“The license will enable Google to process payments, issue e-money, and handle electronic money wallets. The license, granted by the Lithuanian central bank, gives it permission to operate throughout the EU.”
August 28, 2018
On the wires
Mastercard and KeyBank To Transform Banking Experience With Artificial Intelligence
“Mastercard and KeyBank today announced that the bank will now use Mastercard Decision Intelligence™, a security solution that uses artificial intelligence (AI) to make more informed authorization decisions. This will enable KeyBank to increase the accuracy of real-time approvals of genuine transactions and enhance the overall cardholder experience. This is the first use of AI being implemented in KeyBank’s fraud detection services.”
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