Posts in category

Electronic Transfers


The Special Investigating Unit (SIU) “is poised to strike against corruption” – and so far is hitting its target. The Digital Vibes report prepared by the SIU and submitted to President Cyril Ramaphosa on July 23 has been publicly released and can be viewed here. The SIU launched its investigation into Digital Vibes and former …

A recently published paper, whose authors include a researcher from nChain, delves into a new monetary policy tool enabled by a retail central bank digital currency (CBDC): sector-specific cashback payments on private consumption expenditure. The paper looks at how electronic cashback and varying cashback rates can enhance the economic toolkit as a way for central …

IAA’s September 2021 Legislative Update reviews enacted bills affecting the auto auction industry from Illinois and North Carolina. IAA, Inc. is dedicated to being pro-active when monitoring legislative and regulatory matters that affect our customers and our industry. We believe being engaged with the legislative process is critical to the auto auction industry to promote …

Audrey Strauss, the United States Attorney for the Southern District of New York, and  Michael J. Driscoll, the Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), announced today that the United States has simultaneously filed and settled a civil fraud lawsuit against Wells Fargo Bank, N.A. (“Wells Fargo” …

BSP targets unbanked sector for QR PH By Lee C. Chipongian The central bank and the payments industry will roll out the Quick Response or QR Ph person-to-merchant (P2M) payments “in the coming days” to enable the unbanked small businesses, tricycle drivers, market vendors, and sari-sari store owners to transact digital payments. BSP to launch …

September 26, 2021 After years in artisan circles — from a decade touring with a famous roots jam band to making fine furniture for the Hanes family in Roaring Gap — Joe Thrift has settled down in Elkin to teach the craft of violin making, which he studied in England in the mid-1970s. His students …

If you scrolled through your newsfeed this week, you likely saw headlines related to the European Commission’s new proposal to force smartphones and small electronic devices to use USB-C for charging. The headline likely included Apple or iPhone, because a tech-related story is much more interesting when it involves the biggest company in the world. …

A St. Paul charter school that lost $4.3 million in a hedge fund investment has been directed by its authorizer to enact several finance and governance changes, including steps approved by the school board this week. The investment loss leaves Christianna Hang, superintendent and founder of Hmong College Prep Academy (HCPA), with big challenges on …

MTN’s new deal with payments technology firm, Flutterwave is set to deliver cash to mobile wallets of more Africans via MTN Mobile Money (MoMo) with the planned expansion in Cameroon, Côte d’Ivoire, Rwanda, Uganda, and Zambia. This digital move is primed to plug millions of unbanked people in those countries into mainstream financial services and …

Today’s batch of burning questions, my smart-aleck answers and the real deal: Question: What is going on with all of the $1.4 million land transfers between MANNA Food Bank and someone named Brian Jones? Why does MANNA own so much property? Who is Brian J. Jones? There were multiple transfers for $1.4 million. My answer: If Rolling Stones founding …