PayPal Rides Venmo as It Heads Toward IPO
On Monday, PayPal will once again be an independent company. And as it gears up for its big day, the social person-to-person payments service Venmo is the best thing PayPal has going for it. While...
View ArticleCarl Icahn Was Right About PayPal
Carl Icahn, the activist investor, argued that PayPal was “shrouded by a conglomerate discount.” Today we can say Icahn was right. PayPal started trading today with the ticker PYPL and by midmorning...
View ArticleUtility Payments in Africa Draw 2 Startups — From the U.S.
M-Pesa is far from the only FinTech innovation happening in Africa, but its value proposition — moving money through the mobile phone — is central to innovation efforts on the continent. Mobility is...
View ArticleJet.com Launches and Explains Its Low Prices [Video]
Jet.com, the well-funded challenger to Amazon.com, officially launched today. Comedian Kumail Nanjiani from HBO’s “Silicon Valley” hosts the introductory video, which takes on the prodigious task of...
View ArticleSynchrony Is First to Give Out Apple Pay Transaction Data
Synchrony Financial, the nation’s largest provider of private-label lending programs, will start providing its clients with deep Apple Pay transaction data. Synchrony appears to be the first issuer...
View Article3 Startups to Watch: FrankMoney, Text a Loan, TravelersBox
This week’s Startups to Watch help solve three consumer problems: seeing how donations get used, getting loans fast, and ditching pesky foreign currency right at the airport. Frank Money – Frank Money...
View ArticleApple Pay to Hit 1.5 Million Locations by Yearend
Soon, there will be 1.5 million chances for you to bump into Apple Pay. That’s because Apple Pay is expected to be in 1.5 million locations in the United States by the end of 2015. Last week, Apple Pay...
View ArticleCapital One Rolls Out Ads Explaining EMV [VIDEO]
Capital One is the latest big bank to produce a video explaining chip cards, also known as EMV cards (it stands for Europay MasterCard Visa) to the American public. Good luck, guys. The video was...
View ArticleMasterCard’s Embrace of APIs Leads It to Smaller Clients
MasterCard Inc. has confirmed what many suspected: that is application programming interface, or API, offerings are leading to a larger population of smaller clients at the payments network. At a NYPAY...
View ArticleTop 20 Finance Apps: Apple Watch Bill Pay Climbs in Ranking
While there was some movement in the rankings this week, and an exciting newcomer joined the mix, most apps held their places. The top three spots on both app lists remained the same as last week, with...
View ArticleCurrencyTransfer.com Prepares Major Funding Round
CurrencyTransfer.com, a currency exchange marketplace for businesses, is preparing a major funding round from institutional investors later this year, the company told Bank Innovation....
View ArticleIn Spending Mode, Discover’s Direct Bank Expenses Climb 18%
Discover Financial Services might be the major FI most engaged in spending on information technology today. Which is why it is worth noting that the company claims it is already “seeing good returns...
View ArticleWhy Starbucks Is Launching Stars, a Currency Based on — You Guessed It — Coffee
Yesterday, Starbucks introduced Stars, a coffee-based currency that will work outside its stores, and mobile payment volume of 20%. Just another day for the Seattle coffee giant that has dominated the...
View ArticleWant to Build a ‘Buy Button’? Better Write a Check to Amazon
Stripe just got a heap of cash to work on Buy Buttons with Visa. (And the payment upstart is now worth $5 billion.) Some of that money will make its way to Amazon. Money has a way of drifting over to...
View ArticleMasterCard Beefs Up Its Fintech Acquisitions
You certainly can’t accuse MasterCard of ignoring FinTech innovators. In addition to running hackathons with startups all over the globe — the next one is in Mexico City this weekend — MasterCard is...
View ArticleWells Fargo Shoots For Innovation Headcount of 130
Catherine Bessant, Bank of America’s chief technology officer, recently said that innovation labs were not in the cards for her company because anything that only brings a 10% return can’t be taken...
View ArticleSynchrony Provisioning for Samsung, Google and CurrentC in the Works
Synchrony Financial is actively engaged in the work to allow its cards to run through Samsung Pay, Android Pay and CurrentC, Bank Innovation has learned. Carol Juel, chief information officer of...
View Article1 Second Delay in Transaction Time Costs 12 Customers, Braintree Says
Slower transaction times mean lost customers and lost revenue. Literally. Tyson Hackwood, head of Asia for PayPal subsidiary Braintree, said recently that reducing friction in the payment process is a...
View ArticleDigital Customers at BBVA Hit 30% of Total
BBVA is continuing its march to digitalization. The Spanish bank, among the world’s most aggressive in pursuing a digital strategy, now counts 30% — or 13.5 million — of its active customers as digital...
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In October When America catches up to Europe with EMV, e-commerce will take a...
By Bernard Lunn In October, America will finally make the transition to chip and pin cards. Chip and pin cards reduce fraud for card present transactions in physical stores. The chip adds another layer...
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