From Apple iPhones to New York City subway turnstiles, tap-to-pay use in everyday American life is growing, thanks in part to its security and ease of use. But tap-to-pay and its small near field communication antennas are more complicated than they look.
WSJ takes you inside one of Square’s card readers to break down the tech that works in seconds to power contactless payments.
Sir Richard Branson is one of the most successful and high profile businessmen in the world. But his recent business ventures; Virgin Galactic, Virgin Orbit, and Virgin Hyperloop have become disasters.
Jamie Dimon, the chief executive of JPMorgan Chase, warned that the banking crisis 'not yet over' in an annual letter to shareholders just weeks after the collapse of three US banks. He said he didn't expect the turmoil to lead to a global crisis like in 2008, noting that it involved "involved fewer players and fewer issues". But he warned the impact would linger.
Former U.S. President Donald Trump has been charged with 34 felony counts of falsifying business records after a Manhattan grand jury voted to indict him for his alleged role in arranging a hush-money payment to porn star Stormy Daniels.
Ashby Jones of the Wall Street Journal explains what you need to know about the charges.
Charles Ponzi, was an Italian born con artist based out of the United States and Canada. Born and raised in Lugo Italy, he became internationally famous in the early 1920s as a con man for his money-making scheme. He promised clients a 50% profit within 45 days, or 100% profit within 90 days, by buying discounted postal reply coupons in Europe and redeeming them at face value in the United States as a form of financial arbitrage.
In reality, Ponzi was paying earlier investors using the investments of later investors. While this type of fraudulent investment scheme was not originally invented by Ponzi, it became so identified with him that it now is referred to as a "Ponzi scheme".
His scheme ran for just under a year before it collapsed, costing his "investors" $20 million.
This history channel style documentary tells the full story of Charles Ponzi, from his childhood in Italy, through to the heights of his fame in Boston Massachusetts, through to his prison sentence, deportation, and his life after the scheme collapsed. In this film the Ponzi scheme is explained along with how it differs from a pyramid scheme.
The film is written and narrated by Patrick Boyle, a fund manager and finance professor at King's College London.
ChatGPT, OpenAI’s new artificially intelligent chatbot, can write essays on complex topics. WSJ’s Joanna Stern went back to high school AP Literature for a day to see if she could pass the class using just
On this episode of Fintech Insider expert host David M. Brear is joined by some great guests to ask: "What would happen to financial services if we put the engineers in charge?"
The whole fintech industry is built on top of complex tech stacks, constructed and maintained by engineers. Their value has never been in doubt, but where they sit in the business structure changes from company to company.
We've put together a panel of experts to discuss how the role of engineers has changed in financial services, the challenges they have to contend with and what the future of financial services would look like if we put the engineers in charge.
My name is STANLEY EPSTEIN and I am a member of the Citadel Advantage Group. I am a Illumeo Certified Instructor. Check out all my Online Training Courses. Just CLICK on the INSTRUCTOR badge.
