Page 50 - Payment Network News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Connected to terrorism. jose, critical to this, and perhaps most controversially, the economy minister is calling for the europeans to have full access to the data on these swift payments network. you know this is the payment network that controls 90% of payments that take place around the globe and 10,000 banks and more than 200 countries. currently there are two servers, one in the u.s., one in europe and the europeans rely on the u.s. to analyze most of that data. >> olivia sterns in paris, thank you very much. short break and be right back.

Bitcoin. credit card processing is a real nightmare. i'm looking at bringing these currencies in. >> what's wrong with the dollar? >> there's nothing wrong with the dollar except that to facilitate transactions online, the traditional payment network that surrounds the dollar is archaic. it was created in the 1950s. in many ways, it's still in the 1950s. >> bitcoin's road to the future is not without its bumps. the value of bitcoin has varied widely, and recently the irs ruled it's not a property, not a currency, so don't throw away your debit and credit cards just yet. do you have a big idea?...