Given the impact that dark pools and high-frequency trading can have on financial markets, it is not surprising that both practices are garnering more attention from government agencies as well as banks and investment firms. High-frequency trading involves using powerful computers to trade stocks at very fast speeds ahead of other investors. By using complex [...]
Wal-Mart appears to be willing to try almost anything to offer more goods and services to its customers. While the major retailer will not sell insurance, it did announce it is collaborating with AutoInsurance.com to meet the auto insurance needs of its customers. All customers have to do is click a link on walmart.com to [...]
As U.S. News and World Report identified, this week marks the five-year anniversary of the Credit Cardholders Bill of Rights (aka the CARD Act) being passed. So, some time should be taken to assess how well this legislation has lived up to expectations. The CARD Act had two primary objectives. One was to prevent unfair [...]
As of today, Bitcoin is in money limbo. In the majority of countries throughout the world, Bitcoin is not illegal or completely unregulated. Virtual currencies like Bitcoin are basically digital money that does not have the backing of any official authority or governing body. Most governments are trying to decide how to handle this issue. [...]
According to Swiss Re Ltd., one of the largest reinsurers in the world, global insurance industry losses due to man-made disasters and natural catastrophes plummeted by 44% in 2013. In 2012, global insured losses reached $81 billion, but these losses fell to $45 billion in 2013. Of this $45 billion, $37 billion was a result [...]
The term “mobile wallet” has been thrown around quite a bit in recent months. Although it is sounds intriguing in concept, there does not seem to be a clear definition of what it actually looks like in reality. As pointed out in American Banker, no one can definitively say how it will impact banks, merchants [...]
If you are a leader in finance-related industries such as banking, insurance and credit card services, there are some crucial conferences worth attending. In addition to providing the opportunity to continue to build your expertise, these finance conferences can help to broaden your business network. Click on a link to obtain more details. All Payments Expo [...]