Zelle posts 58% year over year growth in payment volume, as banks navigate UX
Peer-to-peer payments network Zelle is growing transaction volume, according to numbers released Tuesday by its bank-owned network operator, Early Warning Services. According to Early Warning data,...
View ArticleAmex takes aim at card startups through founder perks
American Express is courting founders with corporate card perks on an invitation-only basis. According to Courtney Kelso, senior vice president and general manager of commercial card products at Amex,...
View ArticleLuge Capital’s Gillani: Canada is becoming a test market for fintech founders
Luge Capital, a fintech venture capital firm based in Toronto and Montreal, serves a growing ecosystem of startups north of the border. This week, it closed a C$85 milion ($65 million) fund for fintech...
View ArticleWith Mastercard, Revolut aims for US market
Digital banking and stock trading app Revolut, which boasts 8 million customers, is in the midst of a global expansion effort. The U.K.-based company, which operates in Europe and Australia, announced...
View ArticleWeekly Wrap: Luge Capital courts early-stage fintechs, as payment providers...
Welcome to the latest episode of our weekly wrap video series, for the week ending Friday, October 25, 2019. In this episode, Suman Bhattacharyya, deputy editor, and Angely Mercado, associate editor,...
View ArticleAmazon Pay launches bill inquiry feature via Alexa devices
Amazon Pay is partnering with payment network Paymentus to allow U.S. consumers to query Alexa devices about their bills, the companies announced Sunday at the Money2020 conference in Las Vegas. The...
View ArticleInside TransferWise’s regulatory advocacy efforts
U.K.-based money transfer startup TransferWise is going beyond cheeky ads to spread its message of foreign exchange fee transparency. It’s taking its position to regulators around the world in an...
View ArticleDigital financial services to generate $38b in southeast Asia, study finds
Digital financial services from lending to asset management are expected to generate at least $38 billion of annual revenue across Southeast Asia by 2025, more than tripling from $11 billion in 2019,...
View ArticleThe Clearing House: FedNow could create ‘bifirucation’ in real-time payments
The Clearing House launched its real-time payments (RTP) network two years ago with the goal of bringing instantaneous payments to financial institutions in the U.S. So far, more than half of the...
View ArticleGoogle, Walmart help drive India payments past 1 billion transactions
A payments platform created by India’s largest retail banks surpassed a billion transactions in October, a milestone that affirms the tremendous growth of services offered by U.S. giants from Walmart...
View ArticleGoldman hands out $10b in credit lines for Apple card
Goldman Sachs Group Inc. leaders have been coy about backing up their recent assertion that the Apple Inc. card is the industry’s most successful credit card launch ever. Regulatory filings this week...
View ArticleINV Fintech’s pivot to bank enablement evident in new accelerator class
INV Fintech’s new class, announced today, solidifies the accelerator’s pivot to greater bank enablement. INV has refocused its operations within the last year on FI enablement, and the new class –...
View ArticleDeloitte: Credit card companies should go beyond cash back perks
According to a Deloitte survey, discounts and cash back aren’t enough to maintain credit card customer loyalty, and providers need to look to more holistic personal financial management tools as...
View ArticleHow PFM could be a differentiator for card companies
According to a Deloitte study, perks like cash back and discounts are continuing to drive the loyalty of credit card customers. Zach Aron, author of the study and principal at Deloitte, told Bank...
View ArticleIt’s time for banks to take cues from big tech
Last week’s Money 20/20 in Las Vegas showcased numerous innovations in financial services, ranging from the launch of Uber Money to Facebook’s continued push for Libra, and the growth of Amazon Pay....
View ArticleJPMorgan has a plan to help Amazon and Airbnb look more like banks
JPMorgan Chase & Co. has long feared that technology giants will act more and more like banks. The firm’s surprising solution: help them do it. The bank has spent the last year developing an...
View ArticleRobinhood is back in Washington’s crosshairs after leverage glitch
Robinhood Markets Inc. is once again getting unwanted scrutiny in Washington after some of the brokerage’s customers took advantage of a flaw that allowed them to make highly leveraged trades without...
View ArticleN26’s Cooke: A global presence is fueling the brand’s expansion
To digital banking brand N26, which operates in 26 markets and boasts 3.5 million customers, a global footprint lets it benefit from a wealth of expertise on product development. The company recently...
View ArticleWith Recurly and TransferWise, GoCardless tackles cross-border payments
GoCardless is continuing its international push through new partnerships. This week, the company confirmed tie-ups with subscription billing platform Recurly and cross-border payments company...
View ArticleViral tweet about Apple Card leads to Goldman Sachs probe
A Wall Street regulator is opening a probe into Goldman Sachs Group Inc.’s credit card practices after a viral tweet from a tech entrepreneur alleged gender discrimination in the new Apple Card’s...
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