Why Newly Launched Paym Might Be On to Something
Getting that girl’s number in a bar has a whole new meaning today. Paym, a person-to-person payments system that allows for the transferring of funds via mobile phone number, was launched today in the...
View ArticlePayPal User Count Nears 150M, Rebranding Push in the Wings
PayPal, the payments powerhouse owned by eBay, Inc., is nearing 150 million active users, according to eBay CEO John Donahoe. The company also announced a brand refresh based on a more modernized...
View Article‘The Future of Banking’ Webinar Scheduled for May 14
Loyal readers of this blog will know that Bank Innovation maintains strong views on the future of banking. From apps to wearables, we’ve got passionate opinions on which direction financial services is...
View ArticleThe 5 Big Banks Which Consumers Bitch About Most
We all love complaining. (Admit it.) So which large bank gets the most complaints in the nation? The “winner” is TD Bank, which had the greatest number of complaints to million accounts — 91.4 — over...
View ArticleIs a Lot of Innovation at MasterCard Too Much?
No one would call MasterCard‘s innovation strategy minor. Not only has MC stepped up its internal innovation — most notably through the global launch of its MasterPass mobile payments initiative — but...
View ArticleMusings on Full Stack Financial Services Startups
(This post has been long in the making). One of the posts that sparked my interest in the last months is a post by Chris Dixon, Full Stacked Startups. In it, Chris highlights several startups such as...
View ArticleCoin Finalizes Product Development
Coin is almost here. Coin, the payment startup, unveiled today a working version of the super credit card that can store up up to eight credit cards for consumers. Coin showcased its Coin product on...
View ArticleM-Pesa’s Mobile Banking Platform Moves to Realtime
The wait is over — realtime mobile banking transactions are here! Here, that is, if you are in Kenya or another country served by M-Pesa. The realtime service was unveiled today. M-Pesa, the money...
View ArticleThe Complicated — and Crucial — Web Tying Alibaba to Alipay
EBay is not eBay without PayPal, and the same appears to be true for Alibaba and Alipay, but with one major caveat: Alibaba doesn’t own Alipay anymore. As Alibaba heads for an initial public offering,...
View ArticleMasterCard: Use Cards Because Cash Is …‘Dirty’?
Sorry, cash-dependent customers, you’re using a dirty instrument. What is MasterCard‘s marketing pitch these days? Calling cash use a “dirty habit,” as it did in a marketing video released this week....
View ArticleWisely Adds Reviews, User History and More with App Update
Recommendation engine Wisely just got, well, wiser. The app uses real-world transaction data to help users find nearby stores and restaurants. It also tells users what other visitors spent and how they...
View ArticleWhy Square Wallet failed, and why Coin card is next…
Square’s recent troubles are not exactly a secret. The Wall Street Journal published a detailed analysis on April 21, detailing Square’s financial troubles and its rapidly shrinking cash position....
View ArticleThe Hires That Significantly Deepen BBVA’s Innovation Bench
First, BBVA purchases Simple to own substantial banking technology. Now, it is making its play to own the players who can invent the next FinTech innovation. Yesterday, BBVA scored two substantial...
View ArticleVIDEO: ‘The Future of Banking’ Webinar
What is the future of banking? This simple question led us to look broadly at all fintech trends to try to identify a bright line for the future of banking technology and innovation. The result of this...
View ArticleVIDEO: PayPal’s Beacon Gets Play on Bloomberg TV
PayPal got a helping hand from Bloomberg TV today, which ran a piece on its Beacon retail payments platform. Citing a macaroon shop as a test case. PayPal introduced Beacon last September. As the...
View ArticleVIDEO: Details on Circle’s Recently Unveiled Bank Account for Bitcoins
Bitcoins just got their first bank account — almost. Circle, a Boston-based bitcoin startup, emerged from stealth today at Bitcoin 2014 in Amsterdam with a consumer-facing bitcoin app that is built to...
View ArticleWhat Premier League FinTech Team Are You?
Javelin Strategy Group coined the term “The Gang of 5” in a white paper published in 2013. This select group (Google, Facebook, Amazon, eBay/PayPal, and Apple) represent the key payment tech...
View ArticleVenmo Adds Feature as It Enjoys Rapid Growth
Venmo, the mobile payments startup, continues to add new features that can pad its revenue stream. Venmo, a subsidiary of BrainTree, which is owned by PayPal, allows for peer-to-peer payments that can...
View ArticleStrong Month for FinTech Startup Launches in April
The number of fintech startups launched last month appears to have increased about 13%, according to a Bank Innovation analysis. Bank Innovation did an analysis of major repositories of startup...
View Article1,500 Reasons Why Crowdfunding Continues to Pick Up Steam
Quick quiz: How many people showed up for the “Crowdfunding Day” event in Paris last Saturday? 100 500 1,000 1,500 “I have no idea” / “Leave me alone” For all of you who answered E — well, I have no...
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