Square’s Cashback Program Could Bring Its Merchants Closer to Square Cash...
Square launched a rewards program for its Cash card yesterday called Cash Boost. Around noon Eastern time the company tweeted it would begin rolling the service out. By 5 PM it announced it had rolled...
View ArticleHow Square Learned to Stop Worrying About Bitcoin and Love the Blockchain
Square made a splash when it announced it would sell bitcoin in its Cash app, but failed to make much money doing so, it was revealed yesterday. But working with the cryptocurrency taught the payments...
View ArticlePayments Providers Are Lukewarm on Blockchain Technology
The ways businesses, consumers, and even banks make payments are changing, as technologies like realtime payments and APIs make it easier to send money across the globe. But one technology seems...
View ArticleWill Realtime Payments Push U.S. Banks Into an Open Banking Ecosystem?
Preparing for realtime payments has pushed U.S. banks to engage with APIs and open banking at a fundamental level. Look no further than core service providers such as Fiserv or Finastra, which are...
View ArticleWant Access to Chinese Remittances? You Need to Crack Alipay
With global remittances expected to grow by more than 4% this year, providers are utilizing mobile and other digital technologies to ensure sending money between countries is easier than ever. China,...
View ArticleCould Crowdfunding Create Competition for Digital SME Lenders?
Crowdfunding is on the rise. A recent report by Statista Digital Market Outlook shows that by 2022, crowdfunding could grow to $57 billion globally, with China being the leader in this area. To put the...
View ArticleZelle Passes on a POS Solution, For Now
Zelle is not working on a point-of-sale payments solution right now. “Zelle moved $25 billion last quarter,” said Norm Marraccini, vice president of product management and marketing, digital payments...
View Article3 Fintech Startups to Watch in the SME Space
Fintech startups have taken note of the vast opportunity in the SME space, which has been underserved by banks since the financial crisis. Add to this the growing number of freelancers and independent...
View ArticleMastercard’s PromptPay Hits 40M Users in Thailand (DEMO VIDEO)
Mastercard launched PromptPay, a P2P payments application, in January 2017 in Thailand. The app now has more than half of the Thai population registered — 40 million people with over 173 million...
View ArticleFacebook Goes Hard at Blockchain
Facebook has formed a team to tackle blockchain initiatives. And it has put the former PayPal President David Marcus in charge of the effort. Marcus's involvement implies that the blockchain effort...
View ArticleAI and Lending Dominate Day 1 of Finovate
SANTA CLARA, Calif. - New takes on lending and underwriting dominated the opening day of demos at FinovateSpring 2018 here yesterday. But this being fintech's leading demo showcase, the featured...
View ArticleExpectations Low for Facebook’s Blockchain Initiative
Long-time fintech analysts have low expectations for Facebook's newly unveiled blockchain initiative to be headed by PayPal's former president. Further, analysts suspect the effort might not center on...
View ArticleHow ‘Computer Vision’ May Change Banking
Chatbots are great for personal interactions with banks, but the camera may soon provide an even more powerful tool for gauging customer sentiment. How? By reading the expression on a customer's face,...
View ArticleMore Security Startups, Blockchain Still Absent at Finovate Day 2
SANTA CLARA, Calif. – Day 2 of FinovateSpring has come and gone, and curiously, there were still no demos focused on blockchain technology. Among the 54 fintechs that demoed here over the last two...
View ArticleConversational Banking Still Has a Lot of Learning To Do
SANTA CLARA, Calif. - Largely triggered by Google's demo showing Google Assistant imitating human voice to book a hair appointment (see here; it’s pretty impressive), the chatter on Day 3 of...
View ArticleWells Fargo Revamps Mobile Experience in Attempt to Build Customer Trust
Wells Fargo is hoping its new digital and mobile features will help better establish trust between the bank and its customers, one of the top goals of the bank after it was rocked by a series of...
View ArticleYes, Fintech Really Is Improving Customers’ Everyday Lives
Most veterans of the financial technology space can confess to some cynicism about new technology and products. Consumers, especially those with genuine day-to-day financial struggles, don't seem to...
View ArticleFintech Unfiltered: Chris Skinner on Ant Financial and the Global Payments...
Over the past few years, mobile payments has become a service that customers expect from their banks, FIs and e-commerce platforms. Most countries have their own idiosyncratic mobile payment platforms....
View ArticleAre Humans the Weak Link in Bank Security, or Is It Outdated Technology?
The most vulnerable aspect of a bank's security is the people -- employees and customers -- or so the story goes. But four security experts came together to discuss the issue and opinions differed. For...
View ArticleLittle Bank Takes Big Bank in Customer Service
When it comes to customer satisfaction, smaller banks do it better, according to an FIS survey released today. More than nine in 10 U.S. customers are very satisfied or extremely satisfied with their...
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