Myze Puts Mobile Aside to Focus on Online Shopping
Myze is backing off mobile. The San Francisco-based card rewards startup is switching its focus from its mobile app to a browser plug-in for online shopping, CEO Yuval Yifrach informed Bank Innovation...
View ArticleVCs Start Pining to Own a Bank
There’s something brewing in Silicon Valley: a growing crew of venture capitalists are beginning to talk about starting a bank. Among those VCs with banking interests are Marc Andreessen of Horowitz...
View Article8 Innovative Companies Sponsor Bank Innovation 2014
Eight innovative companies have committed to sponsoring Bank Innovation 2014. To learn which are the sponsoring companies, click here. Mirroring the overall intent of the Bank Innovation 2014, which is...
View Article13 Bitcoin Ideas for Google
It’s getting increasingly difficult to buy or sell bitcoins using an iPhone. But it may soon be a snap to do so on an Android device. Apple has been methodically shutting down bitcoin wallets and...
View ArticleMarcus Tells PayPal Staffers to Use the App or Else
PayPal President David Marcus, whose credit card was apparently hacked earlier this week, is now tearing into employees for lacking passion for the company and its products. If you haven’t installed...
View ArticleVIDEO: Arvest Bank Uses a Branch to Prove Branches Don’t Matter
Can we stick a fork in branch banking if a bank proves its branches are worthless? That’s essentially what Arvest Bank, in Bentonville, Ark., has done with its new ad promoting its recently unveiled...
View ArticleM-Pesa is Smoking Bitcoin in Number of Transactions
The media is abuzz with bitcoin stories, but the cryptocurrency’s number of transactions is essentially flat since its 2009 launch. Meanwhile, M-Pesa, the mobile money movement service that began in...
View ArticleWhich Mobile Payments Competitor Frustrates PayPal the Most?
PayPal is facing a slew of competitors in its bid to become the “operating system of mobile payments”: Apple, Amazon and Google chief among them. But which mobile payments company frustrates PayPal the...
View ArticleHow Innovative Are You? Take the Bank Innovation 2014 Survey
When it comes to innovation, is your company leading or following — or is innovation not on the agenda at all? What area of banking is most in need of innovation today? As part of Bank Innovation 2014,...
View ArticleWhich Companies Are Dominating Payments? Just Ask the Candy Crush Folks
Don’t ask the folks who built the game Candy Crush Sage into a multi-billion-dollar company whether Apple is a payments company. They know the answer is already yes. Today, King Digital Entertainment...
View ArticleHalf of All Mobile Banking Customers Are Now Part of ClearXchange
Capital One Financial Corp. has joined the P2P network ClearXchange, bringing the nation’s seventh-largest bank, and its 50 million customers, into a network that already contains JPMorgan Chase, Bank...
View ArticleWhatsApp Deal Proves Banks Need to Embrace Social Mobile, and Fast
WhatsApp has 450 million active mobile users. JPMorgan Chase & Co. has 15.6 million, most among any bank in the US. WhatsApp has 32 engineers. JPM employs 260,000. That’s the deficiency of banks in...
View ArticleBBVA Acquires Simple
Simple, the alternative banking company, has been acquired by Banco Bilbao Vizcaya Argentaria (BBVA.) Online reports put the price at $117 million in cash. Investors put $18.1 million into Simple,...
View ArticleHere’s the Email That Started Simple
So what led to the launch of Simple, the banking startup that was acquired today for a reported $117 million by Spanish bank BBVA? Simple, just four years old and has 100,000 customers — and its debit...
View ArticleThe Path Not Taken by Simple (Bank) to Remake Finance
This morning Simple sold for $117M to BBVA. It’s great news for the team and I think it’s going to be great news for retail banking. Simple has had an amazing amount of potential but also ran into all...
View ArticleIt’s Alive! NFC Is Back from the Dead
NFC is back and on the move. Visa and MasterCard both announced support for host-card emulation (HCE) this week and that means near-field communication (NFC), long thought to be finished in the...
View ArticleCoolest Brands 2014: The Gold Standard in Mobile Payments
It just might be impossible to talk about banking services for the underdeveloped world without mentioning M-Pesa. Launched in 2007 by mobile network operator Safaricom in Kenya, M-Pesa has become one...
View ArticleCoolest Brands 2014: Elevating Payments to Another Level
Officially, American Express had the most valuable financial services brand in the world last year, according to Interbrand. The consultancy valued the American Express brand last year at $17.6...
View ArticleCoolest Brands 2014: Game of Thrones, LeBron James, Barack Obama and…
“If Bitcoin were a person, it would probably be Justin Bieber,” The New York Times proclaimed recently. That’s exactly why bitcoin is on this list of the 10 Coolest Brands in Banking. Today, about the...
View Article10 Coolest Brands in Banking 2014
No one will accuse bankers of being too cool. There are too many regulations for that. But when you scratch the surface of the financial services sector today, as well as the economy broadly, you can...
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