Simple Shows Off Goals, Tugs Heartstrings [VIDEO]
Simple shows off its savings goals in an effective and emotional video, released today. Simple, a branchless bank account, was bought by BBVA in 2014 for $117 million.
View ArticleIdentity Fraud and Apple Pay: A Discussion
The payments space moves at what seems like the speed of light. New products and companies are introduced almost daily, everyone is chasing the next unicorn, and a winner of mobile wallets is declared...
View ArticleConvergence Coming to Mobile Payments and Commerce [VIDEO]
IBM Banking offers some concrete examples for banks hoping to compete and differentiate in mobile payments, and participate in adding value around mobile transactions.
View ArticleVenture Funding for FinTech Climbs 62% YOY, New Data Shows
FinTech venture funding continues to increase. A total of $520 million was invested in financial services startups last quarter, up from $289 million during the last quarter of 2014 and $321 million,...
View ArticleDubious and Disturbing ‘Pay to Play’ in FinTech Media
This week, Columbia University Graduate School of Journalism, my alma mater, graduated its latest class of students. The graduation had me thinking about journalism and media ethics, and that led me to...
View ArticleTop 5 Reasons to Read Ron Shevlin’s New(ish) Book
In a sense, if you’ve been reading Ron Shevlin’s Snarketing 2.0 blog, now part of The Financial Brand, you have already read his book Smarter Bank, published Jan. 30. Much of the material is familiar,...
View ArticleATM-Killer SPARE Begins Beta Testing (For Real This Time)
A long time ago, in a galaxy far, far away — actually, it was just last year in Los Angeles — a startup called SPARE emerged with the mission of killing the ATM machine. Its method was to turn...
View ArticleAndroid Pay Arrives — and It Looks Eerily Familiar
Google teased the release of Android Pay in the presentation of its “M” release today at Google I/O and it looked quite a bit like Apple Pay in every way, from its logo to its user experience....
View ArticleUnlocking the Android Pay Pricing Mystery
Being that little about Android Pay, unveiled yesterday, was interesting, attention turns to the only real differentiator available to Google: pricing. What was remarkable about Apple Pay was that...
View ArticleBank of the West Bakes PFM Into Its Online Banking Experience
Bank of the West has made personal financial management (PFM) capabilities an integral part of its online banking portal. The update went live May 11 and was made public late last week, said Jamie...
View ArticleMasterCard CEO Confirms Tokenization Will Come to MasterPass ‘Later This Year’
MasterCard will add tokenization to its MasterPass NFC product “later this year,” the company’s top executive said today. By adding tokenization, MasterCard will jump into the contactless fray, joining...
View ArticleReal-Time payment is different from ‘faster’ because it changes consumer...
Almost every country now has initiatives controlled by banks to do faster payments. The UK one is called – appropriately – Faster Payments and I have seen initiatives like this on almost every stop on...
View ArticleA Tidal Wave of Payments Fraud Wells Up
The financial services industry is racing toward faster payments, driven, we’re told, by consumer demand. But consumers are not likely to be aware of the resources banks need to devote to fighting...
View ArticleAndroid Pay Reportedly Delayed — Already
Google introduced Android Pay last week, and already its formal launch appears to have been delayed. Tom Noyes, the former head of channels at Citi-turned consultant, blogged yesterday that he “was at...
View ArticleApple Pay to Enable Loyalty, Adds Discover to the Mix
Apple Pay will get a series of enhancements and updates with the iOS 9 release in the fall, the technology company announced today. Jennifer Bailey, vice president of worldwide online stores, made the...
View ArticleUSAA to Relaunch App With ‘Full Personalization’ This Summer
AUSTIN, Texas — “My app” will have a whole new meaning for USAA customers later this summer. The bank for consumers with ties to US military service members told Bank Innovation yesterday that it will...
View Article20 Hottest Apps in Finance
Mobile banking is red hot, but it can still be difficult to determine which financial services apps are winning the most users. It just so happens that both Apple and Google rank the most popular apps...
View ArticleChip & Sig is Unsafe. Chip & Location Isn’t.
The EMV train is rolling around the bend — is anyone ready? EMV cards — the initialism stands for Europay MasterCard Visa — are more commonly known as chip cards, or smart cards. They are dipped rather...
View ArticlePlenti Branding Ramps Up as AT&T Ad Runs During NBA Finals [VIDEO]
The Plenti nationwide advertising campaign, which kicked off last month, hit high gear last night when AT&T used its spots during the NBA Finals for the rewards program. The Plenti rewards program,...
View ArticleWith More AI Comes Refinement, Not Revolution, in Banking
This has nagged me for some time: if it is so easy to build a financial model today, why am I not inundated with model-driven financial services? No company is offering me a “smart” payment card that...
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