According to USA Today, a potential debt deal for Greece appeared to stumble yesterday as Greek Prime Minister Alexis Tsipras suggested that international creditors did not accept the latest round of reform proposals from Athens. Global markets, which have been gaining all week on expectations that a last-minute deal is likely, declined as a result [...]
In less than five years, the use of drones (unmanned aerial vehicles – UAVs) could become common practice for almost 40 percent of businesses. In the next 10 years, it could be common practice for 85 percent of businesses. This information comes from a 2015 survey of corporate risk managers conducted by Munich Re. What [...]
In some ways, retailers and credit card companies are trying to be proactive in the fight against credit card fraud. For example, Visa developed software to detect whether it is you or an impostor who is using your credit card at a gas station pump. The use of new EMV-chip credit cards will help prevent fraud, because they [...]
While “Pony Express” may sound like a potential offering from Wells Fargo (or possibly another visual to go with its iconic stage coach), it is not a creation of this bank. In fact, it is a service that Google has in the works. According to the tech news website Re/code, Google is developing this service [...]
In the last few years, transportation network companies (TNC) such as Uber, Lyft and Sidecar have become very popular alternatives to taxis. This has provided the public with another convenient form of transportation, but it has created confusing challenges about liability and collision insurance coverage when drivers and their passengers are involved in accidents. In [...]
If you are a leader in a finance-related role or finance-related industry such as banking, insurance or credit card services, there are a number of business conferences worth considering. In addition to providing the opportunity to continue to build your expertise, these finance conferences can help to broaden your professional network. Click on a link [...]
The U.S. is the last G20 country to transition to credit cards secured with EMV chip technology. While initiating the transition has taken awhile, industry experts shared in Forbes that they believe that 70% of U.S. cards will have EMV chips by October 2015, because this is when the responsibility for card losses on magnetic-stripe [...]
How well are banks doing at preventing another major financial calamity? According to Forbes, financial regulators have been establishing tighter rules based on Basel III standards to ensure the sustainability of global banks in the event that another economic disaster occurs in the future. Basel III standards came about as a result of the inadequate [...]
Forty-five percent of employers have implemented or are thinking about using a private health insurance exchange for active employees before 2018 according to a survey conducted by the Private Exchange Evaluation Collaborative. Private exchanges are run benefit consulting firms in conjunction with insurance companies. They are not new, but business interest in them has increased [...]
According to a 2013 Federal Reserve study, the total number of credit card transactions in the U.S. was 26.2 billion in 2012, and the total value of these transactions was $2.48 trillion. With these staggering numbers showing how much credit cards are used along with the money at stake, consumers, government agencies and businesses alike [...]