Weekly Wrap: Transit to drive tap-to-pay push, as Chase embeds with merchants
Welcome to the latest episode of our weekly wrap video series, for the week ending August 23, 2019. In this episode, Suman Bhattacharyya, deputy editor of Bank Innovation, discusses the following news...
View ArticlePayments firm Marqeta to add 175 jobs to boost global presence
Fresh off a $260 million Series E funding round, card issuing and processing startup Marqeta is building its team as it expands to new geographies. The Oakland-based company plans to add 175 jobs this...
View ArticlePayments startup Doxo targets customers frustrated by bank bill pay solutions
Doxo, a bill payment aggregator with 50,000 billers and more than 3 million customers, is growing its customer base by adding bill pay solutions where banks fall short. Co-founder and CEO Steve Shivers...
View ArticleWeekly Wrap: Challengers court US customers as PNC launches in-house startup
Welcome to the latest episode of our weekly wrap video series, for the week ending August 30, 2019. In this episode, Suman Bhattacharyya, deputy editor of Bank Innovation, discusses the following news...
View ArticleSquare is growing its platform into a one-stop shop for retailers
Square, which is best known for its physical and digital payment solutions, is building out its product ecosystem to manage nearly all of the operational needs of retailers. The goal is allow retailers...
View ArticleNo one-trick pony: How Ally got to $100b in deposits
With the rise of digital-only challenger banks, it’s easy to overlook Ally Bank. But Detroit-based Ally, which has no branches, was the one of the earliest digital-only banking players, rolling out a...
View ArticleWeekly Wrap: Radius launches rewards checking, as Credit Sesame expands its...
Welcome to the latest episode of our weekly wrap video series, for the week ending Friday, September 6, 2019. In this episode, Suman Bhattacharyya, deputy editor of Bank Innovation, discusses the...
View ArticlePlugging leaks: Bento for Business uses tech to help clients streamline payments
As consumer payments go digital, startups and banks now are focusing on digitizing business-to-business payments, an area where small business owners still are reliant on paper checks and a multitude...
View ArticleUS Bank acquires startup Talech to enhance point-of-sale tools for SMEs
In an effort to reach more merchants, U.S. Bank is hoping its acquisition of payments company Talech will help it fuse payments with other day-to-day business functions through a single point of entry....
View ArticleDaimler Mobility expands ePayment services
Daimler Mobility is integrating its ePayment service, Mercedes pay, into Mercedes-Benz vehicles, the company announced at the International Automobile Exhibition in Frankfurt. The service will allow...
View ArticleJack Dorsey’s Square is testing a new free stock trading service
Jack Dorsey’s Square already lets customers buy and sell Bitcoin on its popular Cash App. Soon, it may let them buy and sell stocks. Square is testing out a new Cash App feature that would enable users...
View ArticleWeekly Wrap: Varo drops goals-based savings, as banks woo SMEs with faster...
Welcome to the latest episode of our weekly wrap video series, for the week ending Friday, September 13, 2019. In this episode, Suman Bhattacharyya, deputy editor of Bank Innovation, discusses the...
View ArticleRetail rewards as in-app cash: Venmo embeds with loyalty programs
Brands have begun to Venmo their most loyal customers with rewards points converted to Venmo cash. PayPal-owned Venmo this week rolled out a partnership with PepsiCo’s loyalty program Pepcoin, in which...
View ArticleMastercard’s Miebach: Prepaid cards are not a niche business
Mastercard is doubling down on its prepaid card business, which it sees as fuel for the rise of many consumer-facing fintech companies. During its investor day on Thursday, the payments giant said its...
View ArticleGoCardless launches direct debit option for US payers
GoCardless, the direct debit payment company based in London, is now offering its payments solution to U.S. customers. The company also opened a San Francisco office this summer to spearhead its U.S....
View ArticleWells Fargo using blockchain for corporate international money transfers
Wells Fargo is turning to blockchain to speed up cross-border money transfers for its corporate clients. The bank is using the technology to create a money transfer service it’s branding as Wells Fargo...
View ArticleWith Wirecard, UnionPay takes aim at Visa, Mastercard
China’s UnionPay, the world’s largest card issuer with 57.6% of the world’s payment cards in circulation, has global ambitions. Its latest move is a memorandum of understanding with digital payments...
View ArticleCross River CEO: ‘High-profile fintech folks’ interested in its real-time...
Cross River Bank, the partner bank for large fintech startups like Stripe and Affirm, is using The Clearing House’s real-time payments (RTP) network to enhance service to clients and boost its value...
View ArticleWeekly Wrap: Revolut rolls out Gen Z account, as UnionPay expands globally
Welcome to the latest episode of our weekly wrap video series, for the week ending Friday, September 20, 2019. In this episode, Suman Bhattacharyya, deputy editor of Bank Innovation, discusses the...
View ArticleWith Plaid, Wells Fargo gives customers a new lever to control their data
Wells Fargo has entered into a data-sharing agreement with aggregator Plaid in an effort to safeguard customer data and, consequently, enhance customer control over their account information. With the...
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