Big Win for … Who?
Alkami Technology scored a big win today, recording a sale of its digital banking platform to Patelco Credit Union. Alka-who? Off-the-radar Alkami was launched in 2009 and has secured $43 million of...
View ArticleBig Banks Coming to NYC Next Week to Flesh Out Faster Payments
Representatives of the 24 banks that collectively own The Clearing House Payments Co., the oldest banking and payments association in the United States, will meet in New York next week to discuss...
View ArticleWhat Is the Pay.gov Deal Really Worth to PayPal & Dwolla?
On the surface, the deal making PayPal and Dwolla payment options on Pay.gov, the US Treasury’s online payments hub, looks massive — trillions-of-dollars massive. After all, the US Treasury reports...
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SmartPesa could bring the Underbanked into the credit economy
SmartPesa hails from Singapore, the next stop for the Fintech City Tour. From the name, I assumed SmartPesa was something to do with M-Pesa, but it seems to be just a clever way to say SmartMoney (pesa...
View ArticleNo, Google Did Not ‘Level the Playing Field’ Buying Softcard
Where does the acquisition (read: assumption) of Softcard leave Google in its drive to compete with Apple Pay? Not as far along as some industry observers would suggest. Wired offered a glowing review...
View ArticleGoogle Sticking It to Softcard Users
Softcard users will get no love from Google in the wake of the search giant’s acquisition of the telco-built mobile wallet platform. In an FAQ published since plans for the acquisition were announced...
View ArticleAssociated Bank Cutting Branches to Fund Mobile
Associated Bank, a Green Bay, Wisc.-based institution with $26.5 billion in assets, had 315 branches in 2007. Today, it has 225. Is the bank in trouble? Far from it. The bank is pursuing the cost...
View ArticleBank of the West Launches Photo Bill Pay
Bank of the West joined a select group of banks offering bill pay using the smartphone camera today. The feature, dubbed Scan to Pay, was built by Fiserv (which internally calls it Snap to Pay) with...
View ArticleFastacash Deal Will Let Visa Power Payments on Facebook
It seems Visa will soon make it very easy to pay people on Facebook. Earlier this week Visa Europe announced a partnership with Singapore-based Fastacash, a social payments service. Most of the...
View ArticleFirst Look at Samsung Pay [VIDEO]
Samsung introduced its new Galaxy S6 and S6 edge yesterday in Madrid, and Samsung Pay, its contactless payment initiative built on LoopPay technology, was a big part of the announcement. Below is a...
View ArticleSamsung Pay Hits the Scene With 4 Megabanks on Board
Samsung didn’t just introduce Samsung Pay yesterday. It introduced it with four megabanks as partners. JP Morgan Chase & Co., Bank of America, Citigroup and US Bancorp all are launch partners of...
View ArticleStratos Card, Another ‘Card to Rule Them All,’ Launches
Stratos Card, an all-in-one card like Coin, Plastc (not yet launched), and Wallaby (bought and repurposed by BankRate in December) launches today. The card was conceived several years ago by CEO Thiago...
View ArticleWelcome to the Internet of Value
SEATTLE — First, there was the Internet of Information. Then, presumably and as yet not fully realized, the Internet of Things. Next comes the Internet of Value. In a prescient presentation here at...
View ArticleUS Bank Pay in the Works
US Bancorp is working on launching US Bank Pay. The disclosure was made by a company executive at Bank Innovation 2015, this blog’s annual event in Seattle this week. The executive, Niti Badarinath,...
View ArticleTiny CBW Bank Finds a Way to Expand Its Global Payment Biz to Mexico
CBW Bank, the innovative bank in Weir, Kan., known for its partnerships with fintech pathfinders such as Moven and Ripple Labs, will expand its global remittance service within the next 18 months. The...
View ArticleCitibank Processed $440B in Mobile Payments from Corporate Clients in 2014
When mobile banking is in the news, it’s usually about the consumer side, but that view misses a wide swath of innovation in financial services today. Bells and whistles such as mobile check deposit...
View ArticleWhy 2015 Will Be the Year of Remittances
Guest Post by Laurent Oberholzer of Tawipay In 2015, the World Bank expects $608 billion to be sent back home by migrant workers around the world through money transfers known as “remittances”....
View ArticleWhen More Friction in Banking Makes Sense
On occasion, conventional wisdom gets debunked – without anyone noticing it. That’s exactly what happened at our recent Bank Innovation 2015 in Seattle. The conventional wisdom in question here is the...
View ArticleWill the Apple Watch Speed Apple Pay Adoption?
The Apple Watch debuted yesterday to great fanfare, and the $10,000 edition has already been ordered and is speeding its way to the Bank Innovation offices as we speak. Well, maybe not, but the...
View ArticleSocial Money Explores Microsavings in India
You’ve heard of micro loans, but how about microsavings? In a pilot program to start later this year, Des Moines, Iowa-based Social Money is looking to help underserved customers in India save money...
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