As Digital Banking Advances, Denmark Sees 60% Jump in Card Fraud
As online banking becomes more popular, countries are grappling with cybersecurity. In Denmark, the advent of digital banking also saw almost a 60% jump in card fraud, Bloomberg reported yesterday....
View ArticlePayPal: Good News (BofA Merrill Lynch Partnership), Bad News (Bye Bye EBay)
Good news and bad news for PayPal. Good news: Bank of America Merrill Lynch announced a partnership with the payments platform that enables BofA’s U.S.-based commercial clients to make payments in...
View Article5 Startups to Watch: Ledger, Speedinvest, Emma, and More
EXCLUSIVE – Fintech is constantly expanding its reach in the world, adding new customers, new services, and new startups every day. That’s why keeping up with new companies making their mark in...
View ArticleINV Unfiltered: Green Dot’s Banking-as-a-Service Explained [PODCAST]
It’s almost a truism in banking to say, “We’re really a technology company,” but few can substantiate the claim. Green Dot has a good argument for that: it was a technology company that bought a bank....
View ArticleStripe to Open Engineering Hub in Dublin
Payments facilitator Stripe has plans to open an engineering center in Dublin, Ireland, a site it chose due to the city’s growing technology presence, the company announced today. Aside from an...
View ArticleDo Rewards Need to Change with Mobile Banking? No, Citi Says [VIDEO]
EXCLUSIVE— One of the largest draws for a credit card is its rewards program—an area banks have been competing in for decades. But will the approach need to change as more consumers chose to bank...
View ArticleMastercard, Visa Now Classify Bitcoin Purchases as ‘Cash Advances,’ Leading...
Payment processors Visa and Mastercard have re-classified bitcoin purchases and will now view them as “cash advances,” a category that will bring an additional 5% fee to those virtual currency...
View ArticleBetterment Attributes App, Site Crash to ‘High Volume,’ States Accounts Were...
EXCLUSIVE—Roboadvisor investment firm Betterment experienced service interruptions yesterday when customers flocked to its site and app after the Dow fell more than 1,500 points. The firm has...
View ArticlePayPal Now Offering Two Additional Wireless Card Readers for SMBs
EXCLUSIVE—Payments provider PayPal is now offering two new card readers for small and medium businesses, allowing owners to accept payments with more ease and efficiency, the company announced today....
View ArticleChinese Payments Service LianLian Joins Ripple Network
Chinese payments provider LianLian is joining Ripple’s payment network, RippleNet, to use its blockchain technology for faster cross-border payments, the companies announced today. Upon joining the...
View ArticleU.K. Challenger Bank Coconut Partners with PrePay Solutions for Freelance...
United Kingdom challenger bank Coconut will partner with prepaid cards and services provider PrePay Solutions, or PPS, to enable the bank to deliver digital banking for freelancers and the...
View ArticleTSYS Inks Partnership with JPMorgan to Supply B2B Virtual Card
Payments solution provider TSYS snagged a deal with JPMorgan to provide its Virtual Payment Precept card to the bank’s corporate customers. Corporate customers can use the B2B payables card is for both...
View ArticleVisa Has Not Changed Bitcoin Purchase Policies
EXCLUSIVE—Payment processor Visa has not changed any policies related to the purchasing of bitcoin, the company told Bank Innovation. The company still allows Visa cardholders to make cryptocurrency...
View ArticleMajor Nordic Banks Join Hands to Form Cross-Border Ecosystem
Major Nordic banks are coming together to explore the possibility of a regional cross-border payment infrastructure between the different Nordic countries of Sweden, Denmark, Finland and Norway. These...
View ArticleFor Payments, Banks Should Use Technology as a ‘Bridge’ for Client Needs, BNY...
EXCLUSIVE— Banks are juggling a lot of change when it comes to the world of payments, but in order to be successful, banks should avoid getting bogged down in one specific technology trend, BNY Mellon...
View ArticleACI Worldwide Preps BMO Bank for Realtime Payments in Canada, Zelle in U.S.
EXCLUSIVE – Canada is on a five-year plan to revamp its payment infrastructure, as of 2016. Bank of Montreal has tapped real-time solutions provider ACI Worldwide to prepare it for these changes, Bank...
View ArticleCitigroup Opens Innovation Lab in London
Citigroup is setting up an innovation lab in London. The decision to set up this lab comes at the heels of U.K.’s preparation for Brexit, not to mention the new PSD2 regulation that went live some...
View ArticleVisa Buys SaaS Tech Firm Fraedom
Visa has acquired software-as-a-service company Fraedom for £142 million ($200 million). The London.-based Fraedom provides expense management solutions for financial service companies. Visa’s...
View ArticleMillennials Have More Banking Apps than Other Generations
Mobile banking has officially gone mainstream: 55% of U.S. adults have at least one full-service banking app on their phones now, according to a study conducted by BankRate. Additionally, those...
View ArticleInside Barclaycard’s Co-Branding Strategy
EXCLUSIVE – What’s a bank to do when it’s core market is somewhere else and it’s trying to establish itself as a major player in a market already dominated by a set of major banks? The answer, at least...
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