Genesis Global Capital

Wall Street | February 14, 2020

Wall Street edged lower on Friday as uncertainties surrounding the coronavirus epidemic and downbeat economic data put a damper on investor sentiment. While the S&P 500 and the Nasdaq were down only modestly, the industrials-heavy Dow suffered a larger decline. Having seen-sawed through much of the week as buyers took breathers between record index highs, all three major U.S. stock averages were set to head into the holiday weekend having posted their second consecutive weekly advances. The ...

Payments, Fintech

PRnewswire | May 15, 2023

Today, Pinwheel, the market-leading provider of income and employment data engineered for next-generation fintech innovation, achieved Payment Card Industry Data Security Standard (PCI DSS) Level 2 compliance. The PCI DSS is a set of security standards designed to ensure that all companies that accept, process, store, or transmit credit card information maintain a secure environment. To achieve PCI DSS Level 2 compliance, Pinwheel underwent a rigorous assessment carried out by A...

Nacha | February 07, 2020

US clearing house Nacha is to use blockchain technology to build Phixius, an online platform to ease the exchange of payment-related information between companies. Traditionally, the exchange of payment-related information has consisted of multiple bilateral agreements, which are costly to administer and often run manually, resulting in misdirected payments and opportunities for fraud. The new online platform will integrate technology, rules and participants to streamline the payments process, u...

JPMorgan | February 13, 2020

JPMorgan Chase & Co (JPM.N) has told financial technology companies that they will be barred from accessing its customer information by July 30 if they do not sign data access agreements with the bank and agree to a plan to stop using customer passwords to gather the data. The largest U.S. bank by assets set the new deadline in a letter sent to the companies in late January, in which it also said they must agree a “concrete plan” to transition to a new method of collecting custom...