Will NFC Keep Square from Profitability?
Yes, Square has finally gotten NFC religion. Jack Dorsey, Square’s founder, disclosed in an interview with The New York Times a few days ago that, indeed, Square will unveil NFC functionality, although...
View ArticleUS Bank to Add Swipe-for-Balance, Beacon Support in 2015
Major changes are in store for US Bank’s mobile app in 2015. Niti Badarinath, senior vice president and head of mobile banking and payments, told Bank Innovation Monday that the bank would continue to...
View ArticlePayPal, Square and Stripe – the disrupters who might be disrupted by Bitcoin
Both Square and Stripe are in the WSJ Billion Dollar Club (but that may not mean as much when you look below the surface). eBay will be spinning off PayPal, so we will soon see how good it is as a...
View ArticleApple Pay Ads Start Proliferating [VIDEO]
And then there were three. Bank of America has joined JPMorgan and Wells Fargo & Co. in releasing an Apple Pay ad. Some industry experts have described the discounted rate banks gave to Apple as a...
View ArticleLendingTree’s Lebda, USB’s Badarinath to Do Fireside Chats at BI ’15
Two of the banking innovation industry’s most dynamic — and experienced — executives will participate in fireside chats at Bank Innovation 2015, the annual gathering of banking innovation professionals...
View ArticleLawsky Floats Further Revision to BitLicense Proposal
Benjamin Lawsky, superintendent of financial services for the New York State Department of Financial Services, is perhaps best known among FinTech watchers for championing New York’s proposed...
View ArticleApple Pay Dominates Our Top 25 Posts of the Year
Forget the Year of the Horse (apologies to our Chinese readers), but for the banking innovation industry, 2014 was the Year of the Apple Pay. Indeed, Apple Pay changed the financial services landscape...
View ArticleMasterCard Launches New Hackathon Series for Developers
MasterCard announced a new series of 10 hackathons spanning the globe today. The series will focus on developers and be called MasterCard Masters of Code. You might be forgiven for thinking this was a...
View ArticleApple Pay Adds Access to 21 Million Customers
As the year races to a close, Apple continues to sign banks onto its Apple Pay mobile payment platform at a rapid pace. The Cupertino, Calif.-based tech giant added within the last couple of weeks...
View ArticleGreen Dot, Walmart Reach One-Year Contract Extension
Green Dot Corp. announced Monday that it will continue to sell its prepaid cards in Wal-Mart stores, which are easily its largest distribution channel, through the end of 2015.
View ArticlePrimary Fintech Innovation Defined, and Why Klarna Fits the Bill
Primary innovation is doing something that has never been done before. Most primary innovation is ridiculous and fails without anybody noticing. Very, very rarely, primary innovation changes the world...
View ArticleWhy the Facebook of Banking Won’t Own a Charter
2014 was the biggest year in FinTech by far with billions being invested globally in what is to be expected in a global growth sector. But how much was invested globally in FinTech this year? It...
View Article$510M of Fintech Funding in 17 Deals Caps 2014
Last week was surprisingly busy given how close it was to the year-end holiday freeze. But two blockbuster deals, $250 million to Swedish payment company Adyen and $200 million raised in an IPO from...
View ArticleAlternative Lenders Dominate List of ’50 Best FinTech Innovators’
A list of the “50 Best FinTech Innovators” that has been making the rounds as the year winds down is dominated by alternative lenders. The list, assembled by Sydney-based investment firm Australasian...
View ArticlePayClip, a Latin American Square, Raises $5.2 Million
Mobile payments startup Clip (PayClip Inc.), based in Redwood City, Calif., but focused on the Latin American market, announced a $5.2 million raise on Dec. 24. As reported in PandoDaily, Clip is a...
View ArticleWas 2014 a Bad Year for Bitcoin?
As an investment, bitcoin was a particularly poor choice in 2014. You would have been better off with, well, just about anything else under the sun. Here’s the now-familiar graph of the...
View ArticleThe State of Consumer FinTech
Marc Andreessen in an interview recently said the following about finance: “We can reinvent the entire thing”. How has tech been changing finance? That’s what this piece will be about, in specific...
View Article60% of Amazon Shoppers on Dec. 26 Used Mobile Devices
It was a very happy holiday season for mobile commerce. Happy, that is, if Amazon is any indicator for the rest of the industry. The online retail giant released data indicating that nearly 60% of...
View ArticleAdyen are enabling rather than disrupting their way to Fintech Unicorn status
I struggled with the headline for this one. I knew there must be a story here, because it is not every day that a company that few of us have heard of, in a city that is far away from the big funds...
View ArticleWhat’s the Role for Banking and Payments at This Week’s CES?
The Consumer Electronics Show (CES) 2015, which officially begins tomorrow in Las Vegas, is the country’s premier event for introducing high-tech gadgets. This year will see a plethora of wearable...
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