Directive Blogs

As the modern gift certificate, the gift card has become an institution, especially around the holidays. Thousands of companies offer statically-priced and reloadable gift cards. With that much cheddar flying around it isn’t a surprise that there is big business in gift card theft. The FTC has stated that gift card scams are up a whopping 270 percent since 2015. With so much money at stake, keeping yourself out of the way of the scammers has to be priority one.

Money needs to move in order for the economy to work. Traditionally, banks are the major lending institutions, and as a result have to adhere to a myriad of regulations. To provide an equitable system that people aren’t afraid to utilize, there are a lot of checks and balances that have put in place by the bank and regulators, alike. Today, there is growth of what are called marketplace lenders (MPLs) that are changing the way people (and organizations) can access capital and it is fueled by what is referred to as FinTech, or financial technology. Today, we will take a short look at FinTech and how it is changing the way we manage, borrow, pay, see, and use money.