MasterCard Ditches ‘Mobile Wallets’
Another payments company is backing off digital wallets. MasterCard CEO Ajay Banga, speaking in a fireside chat today at the JPMorgan Chase Global Technology, Media, and Telecom Conference in Boston,...
View ArticlePayPal Said to Be Unaffected in EBay Breach
EBay today is asking all users to change their passwords due to a cyberattack that has compromised key data. However, according to eBay, financial information, as well as its mobile payment subsidiary...
View ArticleSomething’s Fishy With This Mobile Wallet
Today brought news of two new mobile wallet offerings, one from prepaid provider InComm and the other from … SeaWorld. Can we finally say mobile wallets have jumped the shark? (Insert snare-drum sound...
View ArticleFinovate Exits Asia
Finovate is saying so long to Singapore. Financial innovation showcase Finovate has “postponed” (read: cancelled) its FinovateAsia event, previously scheduled for November 2014. The Finovate Group,...
View ArticleNew Bill-Pay Apps Take Aim at Ongoing Pain Point
No one likes paying bills, but we all have to do it. Managing bills is a tedious and frustrating task for most — and several new ventures are taking renewed aim at this pain point. Google Now Google...
View ArticleVIDEO: Standard Bank Launches Mobile Payments — With 3% Fee
Standard Bank in South Africa introduced a new mobile payments option for merchants called SnapPay — and the bank is still charging merchants a hefty processing fee. There is a hope that direct...
View ArticleIn Bitcoin Pizza Day, Bitcoin’s Real-World Potential Shines Through
Happy Bitcoin Pizza Day! Four years ago, Bitcoin enthusiast and Florida resident Laszlo Hanyecz wanted two pizza pies, but wanted to pay with bitcoins. Little did he know that his hunger would help...
View ArticleWhat Does Apple’s POS Update Bode for NFC and the iPhone 6?
Apple is reportedly updating the point-of-service device its store employees use to allow them to process payments with the iPhone 5S, rather than just the iPod Touch. To some, this is a sign that...
View ArticleRipple Co-Founder Dumps Virtual Currency; Price Tanks
Ripple Labs co-founder Jed McCaleb announced yesterday that he would be selling all of his shares in Ripple’s internal cryptocurrency, XRP (better known as ripples), which led to share prices tanking...
View ArticleIntuit to Buy Check to Power Bill Payment in Mint
Don’t worry, Intuit‘s picking up the check. As expected, Mountain, View, Calif.-based Intuit is going ahead with its plan to purchase the mobile bill pay app Check, formerly known as Pageonce. The...
View ArticleStripe Users Can Now Send Money to Debit Cards
Payment processor Stripe has added a new feature to transfer money to recipients through debit cards. Users can now use the service to pay recipients with their debit cards, a payment method that’s...
View ArticleMeet the First Pro-Bitcoin Lobbyist in DC
Falcon Global Capital, the world’s first investment fund focused on virtual currencies, is sending CEO Brett Stapper to Washington to convince Congress that Bitcoin is the future of currency. Actually,...
View ArticleCustomers Want More Than Banks Are Giving
Banks are not giving customers what they want, and risk losing an entire generation because of it. More than half of bank customers in the U.S. — 51% — want their banks to proactively recommend...
View ArticleSquare Offers Cash Advances Based on Transaction Data
Square is using its data to give working capital to retailers. Square, the mobile payments startup launched by Twitter co-founder Jack Dorsey, has officially launched a new service where the company...
View ArticleDoes BBVA’s Simple Deal Still Make Sense?
The Simple deal just got complicated. Banking services provider Simple was purchased by BBVA, the second largest bank in Spain, for $117 million a few months ago, but new reports indicate that its...
View ArticleAnother $20M FinTech Round, This Time for Bitcoin Mining Shop BitFury
Financial technology startups have been raising lots of capital recently. Add Bitcoin mining manufacturer BitFury to the club of startups that have scored a +$20 million funding round. The company,...
View ArticleCheck Purchase Will Help Intuit Customers Look Forward, Not Back
Last week, Intuit announced it would acquire bill payment provider Check, formerly known as Pageonce, for $360 million. In the wake of the announcement, some industry watchers questioned why a company...
View ArticleCash Is Still King
There are between 60 million and 100 million cash-preferring consumers in the U.S. That’s about the population of the nation’s four largest states – California, Texas, New York and Florida – combined....
View ArticleApple’s Touch ID for Third Parties Opens iOS for Payments
Today Apple delivered the news mobile payments enthusiasts have been waiting for: Touch ID will soon work with third party apps. The feature was previously limited to authorizing purchases on iTunes...
View ArticleApple to Allow Bitcoin Apps Back Onto iOS
It looks like Apple is opening the door to Bitcoin. According to the new iOS App Store guidelines, Apple has lifted its ban on apps that facilitate transactions in bitcoins and other virtual...
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