The Week in Review

The Week in Review

Friday April 20, 2018 –

Here are the new and noteworthy stories we have been following this week.

Bank of America earnings: 62 cents per share, vs 59 cents expected

Bank of America earns $23.1 billion in Q1.

Mastercard Patents Blockchain Tech To Combat Fake Identities

Mastercard has filed a patent for a Blockchain system to store and verify identity data.

Barclays Bank sets up tech venture unit

Barclays Bank has launched a new venture unit to invest in and partner with tech companies in a drive to find new opportunities for growth and innovation.

Inter-American Development Bank Publishes Report on Fintech Sandboxes

The Inter-American Development Bank recommends a regional sandbox for Latin America.

Start-up TransferWise breaks into Britain’s faster payments scheme

TransferWise has become the first non-bank company with direct access to Britain’s Faster Payments Scheme.

Visa to launch its direct payments product in Ireland in June

Visa is set to launch its direct payments product in Ireland in June, offering real-time payments to customers through its global systems.

iZettle expands from mobile payments into e-commerce and online sales for SMBs

iZettle is expanding services for SMBs with an e-commerce platform launching first in the UK and Sweden.

American Express earnings beats: $1.86 per share, vs $1.71 per share expected

Amex earned $9.7 billion in Q1 revenue.

Wells Fargo fined $1 billion for insurance and mortgage abuses

The OCC and the CFPB fined Wells Fargo $1 billion.

Shiny New Button May Help Visa, Mastercard and AmEx Fight PayPal

Visa / Mastercard to team up to simplify the e-commerce checkout experience.

Selling to America: the radical makeover of Goldman Sachs

Goldman making strong push into consumer banking.