Another $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 ArticleTouch ID for 3rd 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...
View ArticleVIDEO: ByeWallet Tests Collaborative Purchases
Can’t afford that hot new thing? Ask a friend to pitch in. ByeWallet is a Spanish startup that brings a social element into payments with collaborative purchases. There are few details yet, but it...
View ArticleWhy Amazon is Better Placed to Disrupt Payments Than Apple
Apple may be catching all of the headlines with its rumored interest in mobile payments, but some industry watchers think another tech giant may be better positioned in the mobile payments industry:...
View ArticleXapo Bitcoin Card to Launch — Fees an Open Question
Cash, card, or bitcoin? How about bitcoin card? The bitcoin payment card from Xapo, which will resemble other payment cards in form and function, is set to launch at the end of June, according to the...
View ArticleVIDEO: Amex, of All FIs, Releases Dark Documentary on the Unbanked
American Express, long considered the financial institution of corporate spending and the wealthy, this week released “Spent: Looking for Change,” a 40-minute documentary “about the nearly 70 million...
View ArticleAre Digital Bankers Truly on the ‘Rise’?
I haven’t met many chief digital officers of banks. I doubt you have, either. Despite the claims from American Banker‘s Penny Crosman yesterday, who wrote that the bank “chief digital officer” is on...
View ArticleCiti Expands Its Innovation Ventures in Israel
TEL AVIV, Israel — Shalom, Citigroup. The megabank has turned to the tiny Middle Eastern nation as its new new hotspot for banking innovation. The bank’s chief innovation officer, Debbie Hopkins, did a...
View ArticleFive Startups Win Innotribe 2014 New York
NEW YORK – Five early-stage companies won the approval of attendees at the Innotribe Startup Challenge in New York that took place June 5: Standard Treasury, Epiphyte, LendingRobot, Wallaby and Juntos...
View Article6 Reasons Why the iPhone 6 Will Include Payments
Rumor continue to churn out reports that Apple will build a payments system into the iPhone 6, which will likely be introduced in September, especially after last week’s Apple Worldwide Developers...
View ArticleCapital One Looks To Hire Bitcoin Experts
If you know bitcoins, Capital One Financial Corp. wants to hire you. Specifically, Cap One is looking to hire data scientists with extensive knowledge of Bitcoin, cryptocurrency, and other emerging...
View ArticleFacebook Poaches PayPal’s Marcus to Run Messaging
Facebook managed to pull of a major hire today, poaching David Marcus from PayPal, the eBay-owned payments company where he served as president.
View ArticleAmazon Payments Hinges on … Hardware?
Might Amazon be launching a payments service — today? According on a report from Reuters, Amazon will be introducing a payment service — purportedly today — which will attempt to make it easier for...
View ArticleFintech Startup Volume Eases in May
April showers apparently did not bring May fintech startups. Last month, 64 fintech startups were launched or sought new rounds of financing, according to a Bank Innovation analysis, up 6.7% from...
View ArticleVIDEO: US Bank Shows Off Voice Banking
US Bank has been testing voice banking with FlexPerks credit card customers for about a year, and on Friday, the Minneapolis-based bank released a video showing off the feature for retail customers....
View ArticlePayPal Has a Really Bad Monday
Everyone hates Mondays. But the folks at PayPal probably had a rougher Monday than you. First, it was reported that Amazon was taking on the eBay subsidiary with a new subscription and recurring...
View ArticleMarcus Likely Pushed Out at PayPal, Insider Says
David Marcus might not be the golden payments guru some (hint: Facebook) are making him out to be. A former PayPal executive with extensive knowledge of the goings-on there told Bank Innovation today...
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