Chase Maintains Lead in Mobile as BofA, Wells Fargo Play Catch-Up
EXCLUSIVE— More and more consumers switch to mobile banking every day, as this quarter’s numbers prove: each of the top U.S. banks reported steady quarterly user growth, but JPMorgan Chase continues to...
View ArticleDid Consumers Even Notice the Death of the Signature?
EXCLUSIVE —The age of signing receipts for in-store purchases met its end last week, and while this means the end of tedious paperwork, authentication checks, and backlogs for credit card providers,...
View ArticleRevolut Rolls Out Its Savings Tool, Vaults
British challenger bank Revolut is rolling out a new savings tool, which will allow app users to save their spare change, the bank announced today. The app will allow users to add spare change from...
View ArticleCrypto Exchange Coinbase Buys Earn for $120M
Coinbase, one of the top cryptocurrency exchanges in the United States, has acquired Earn.Com in a deal valued at $120 million. The deal will also place Earn co-founder and CEO, Balaji Srinivasan, in...
View ArticleWells Digital Labs Focuses on Predictive Banking
What areas of innovation are banks really focusing on right now? For Wells Fargo, the ways in which banks deliver information — as well as the technologies used to deliver it — is a key area of focus,...
View ArticleAmericans Prefer EMV Chip Payment Over Swiping Cards
Americans prefer paying with EMV chip cards to swiping their cards or even paying with cash, according to a recent survey from financial technology solutions provider Fiserv. According to the report,...
View ArticleTransferWise Joins the United Kingdom’s Payment Elite
TransferWise, the money transfer company valued at over $1 billion dollars, today became the first non-bank direct member of the UK’s Faster Payment Scheme. The government program set a new policy in...
View ArticleU.K. Fintech Loot Will Focus on Generating Revenue in 2018
EXCLUSIVE - With over 100,000 signups to date, Ollie Purdue, CEO of digital current accounts Loot will turn his focus on generating revenues this year. “We spent last year and most of 2016 scaling and...
View ArticleSamsung Pay Partners with RBC for Payment Support
Personal payment cards issued by the Royal Bank of Canada are now supported by Samsung’s mobile payment system, Samsung Pay, the company announced today. The partnership is part of a broader expansion...
View ArticleIBM-Backed Batavia Completes DLT Pilot
Batavia, the blockchain-based transaction platform developed by multiple banks, has passed its first live pilot. The pilot successfully tested the entire sales cycle on Batavia’s blockchain technology...
View ArticleVisa and Mastercard Will Combine E-Commerce Payment Buttons
Payment providers Mastercard and Visa will combine their online checkout experiences into one, in an attempt to make e-commerce payments as simple as PayPal or Amazon. The initiative, announced earlier...
View ArticleJPMorgan Chase and National Bank of Canada Complete Blockchain Test
JPMorgan Chase & Co. and the National Bank of Canada (NBC) announced today that they tested a debt insurance simulation on a new blockchain platform. NBC issued a one-year, floating rate...
View ArticleNumber of EMV-Enabled Cards Reaches All-Time High
Most cards across the globe are EMV-chip enabled, according to a report by EMVco. According to the report, released yesterday, the number of EMV-chip enabled cards in global circulation increased by 1...
View ArticlePayPal Ups Efforts on Prepaid Debit Cards, In-Store Payments
Payments fintech PayPal will be expanding its in-store payment offerings this year, now offering users the ability to deposit money onto a prepaid debit card or use their service via a partnership with...
View ArticleFraudsters ‘Flourishing’ On Zelle, New York Times Reports
Bank P2P service Zelle is having some issues with fraud, with some customers reporting that hackers, exploiting weaknesses in the platform, had cleaned out their bank accounts: even if those customers...
View ArticleP2P Will Keep Expanding, Says Visa, But Cash is Still A Concern
EXCLUSIVE—With P2P payments growing, and growing, it might be time for providers such as Visa Direct to start experimenting with other use cases, Cecilia Frew, SVP, head of North American push payments...
View ArticleCEO Spotlight: Ollie Purdue of U.K. Challenger Bank Loot
EXCLUSIVE – When college student Ollie Purdue set out to create the student-centered digital current accounts company Loot, the idea was to solve a personal problem. “What’s the minimum I can earn, and...
View ArticleGlobal Funding Deals for VC-backed Fintechs Reach All-Time High
It’s a good start to the new year for fintechs seeking venture capital backing. According to the latest report by CB Insights, funding deals for VC-backed fintechs reached an all-time high in 1Q18 --...
View ArticleHSBC Goes Live on SWIFT GPI (Global Payments Innovation) Service
HSBC is now live on SWIFT gpi, the payments service meant to enhance cross-border payments around the globe, the company announced today. While 160 banks are signed up for the payments service, HSBC...
View ArticleMint Shutters Bill Payment Feature
One of the first standalone money management services, Mint, is shutting down its bill payment feature, though users will still be able to track bills on the platform, the company stated this week on...
View Article