No Buyers for the Apple Card, but the Technology Is Hot
The WSJ reported that Visa is considering a $100 million bid to shift the Apple Card’s network alignment from Mastercard to Visa. While this change will not help Goldman Sachs navigate its way out of its troubled consumer lending issue—which Goldman announced it wanted to shutter back in 2022—the deal illustrates the importance of Apple’s […]
South Korea to Pilot CBDC at Retailers, Including 7-Eleven
Over the next three months, South Korea will conduct a trial run of its newly launched central bank digital currency (CBDC), the digital won. During this period, up to 100,000 citizens—ages 19 or older and holding an account at a participating bank—can convert their deposits into the CBDC. These consumers can use digital won to […]
The Easiest Route to Modernizing Payments? PaaS.
Many banks rely on legacy systems, often built 15 or 20 years ago—sometimes on IBM mainframes. The original developers have likely retired, and there’s minimal documentation on the system’s architecture. These systems are black boxes—any change risks unintended disruptions, making banks hesitant to make any modifications. As a result, banks are increasingly looking for modern […]