A cashier's check is a type of payment issued by a bank or financial institution and guaranteed by the issuing bank. It is an accepted form of payment for many transactions, but what happens if you need to cancel a cashier's check? Understanding the laws and regulations around cashier's...
The U.S. is usually described as the world's largest economy and one that takes the moral use of funds passing through its borders under the regulations of a number of laws. One of the main areas of concern for the IRS, the Attorney General, the FBI, and the CIA...
Back in late 2012, it was revealed that then Attorney General Eric Holder dismissed a recommendation to prosecute HSBC for anti-money laundering, according to a staff investigation by the House Financial Services Committee. HSBC avoided prosecution because of the described "systemic importance" that they had towards the world's financial...
The Task Force on Financial Integrity & Economic Development is advised by its Economist Advisory Council, an elite team of PhD economists who work in relevant fields. The Economist Advisory Council is comprised of: Dr. Guttorm Schjelderup, Chair Guttorm Schjelderup is Professor, Department of Finance and Management Science, Norwegian School of Economics...
In the ever-evolving world of digital transactions, small businesses face the challenge of offering convenient payment solutions to their customers while managing operational efficiencies. One significant development in this area is the emergence of Payment Facilitators, often called PayFacs. This comprehensive guide aims to demystify the concept of Payment...
Though its application cases have been few, blockchain technology has gained popularity in recent years.  It is a good moment to use blockchain to enhance current products and services and develop new, more affordable ones because of the change in the U.S. government's stance towards them.  Blockchain technology is a decentralized...
In terms of assets, Capital One is among the top 10 largest banks in the United States. It is headquartered in McLean, Virginia. In addition to its American customers, the bank serves people in the United Kingdom and Canada. It has more than 750 branches and is ranked among...
Have you just received a Vanilla Gift Card and are trying to figure out how to activate it? Don't worry! Activating a Vanilla Gift Card is a straightforward process that can be done in a few easy steps. Whether you're looking to purchase items online, in-store, or over the...
Cryptocurrency has become a very intriguing asset class to investors all around the world. Having witnessed bitcoin’s occasional spikes in value — which rewarded plenty of fairly casual traders with small fortunes — many are keen on catching the next significant crypto wave. The only trouble is that the...
Savings accounts are one of the most basic types of financial products, but that doesn’t make them any less useful. A savings account is exactly what it sounds like – a place to store your savings. When you open a savings account, you’ll likely be able to choose from...