A Doozy of a Risk Factor Within the Winklevoss ETF
The Winklevoss twins, arguably the world’s most ardent bitcoin-ers (and “one” of our 44 Innovators to Watch), this week kicked off an IPO process for a bitcoin investment fund. The proposed fund,...
View ArticleGoBank Kicks Off Marketing for Retail Deposit Accounts at Rite Aid
You can now add a bank account to toothpaste and aspirin during your drugstore shopping. Consumers can now open a GoBank account at Rite Aid. GoBank, the mobile-first bank account from Green Dot...
View ArticleVIDEO: Square Explains Square Register in a Series of 14 New Videos
On July 1 Square launched a series of 14 animated videos explaining its Square Register app for merchants. The videos cover fees, compatible devices, how to sign up, how to download the software, how...
View ArticleVIDEO: Citibank’s Connect and Pay for Billers to Receive Mobile Payments
In June, Citigroup quietly launched a new accounts receivable platform called Connect and Pay. The system allows billers to send e-bills to users and allows bill payment through a variety of channels,...
View ArticleMoven Opens Its Doors Wider And Will Move to Mobile Originations By the End...
Moven is opening its doors wider — two Bank Innovation staffers received invitations to join the beta yesterday. There goes the neighborhood. Or maybe not — NetBanker received his invitation yesterday...
View ArticleSimple Incorporates Venmo Touch and Dropbox
Simple, despite its closed-door policy for new members, has really opened up. The digital banking service announced today that it will soon incorporate the payments provider Venmo Touch and file...
View ArticleTemenos Releases Software to Speed Up Mobile Transactions
While Americans were eating hot dogs on the Fourth of July, Temenos, a provider of banking software based in Switzerland, released software that the company says improves transaction speeds and speeds...
View ArticleStandard Treasury Is Set to Close First Clients on Road to ‘Revolutionizing’...
Standard Treasury, the startup aiming to be the Stripe of Banking Services, is set to close its first two clients, and they are major banks, the company’s founders told Bank Innovation. The company is...
View ArticleVIDEO: Breadcrumb, Groupon’s (Little-Known) Square Lookalike, Unveils POS Device
Breadcrumb, the Square-like credit card reader from Groupon, released a video touting its new point-of-sale system on June 29. What, you’ve never heard of Breadcrumb? Groupon launched its credit card...
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Leading American Banks Adopting Mobile Bill Pay and Remote Deposit Capture
Top US financial institutions have widely adopted mobile bill pay and remote deposit capture (mRDC), according to a new report from analyst firm, Celent. The Celent report, “The U.S. Mobile App...
View ArticleWith API Update, Stripe Allows Developers to Build Digital Wallets
Payments processor Stripe released an update to its API that allows multiple cards to be attached to a single customer file. Stripe provides payments services to technology developers, and this...
View ArticleStealth Payments App Clinkle Gamifies the Waiting List
Clinkle, the yet-to-be released payments app that has been making a lot of noise in the tech space, aims to change the way users interact with the boring old waiting list. The more people a user...
View ArticleThe 10 Best Innotribe Startups of 2013
Innotribe, SWIFT’s startup engine, today unveiled the 15 companies that are finalists for the $50,000 prize for best startup to be awarded at the upcoming Sibos Dubai. We’ve narrowed down the 15 to the...
View ArticlePaying With Your Phone May Never Work, But How About Your Face?
Pessimism is rampant in the mobile payments world — often with good reason. Nobody f___ cares about NFC (including Apple), and new ventures like Clinkle, which will apparently transmit payments via...
View ArticleVIDEO: Betaworks’s CEO on Why Crypto-Currency ‘Will Change the Web,’ Courtesy...
John Borthwick, CEO of betaworks, a technology investor and “studio,” is more than bullish on bitcoin on the like — his firm has bought digital currency and made a 6x investment on it. In this video,...
View ArticleAmex Inks Deals with ShopRunner, Chegg — on the Downlow
American Express, it turns out, inked two important innovation deals last quarter — one with ShopRunner and the other with Chegg. The news was buried in Amex’s second quarter earnings yesterday. How...
View ArticleAcquisition cost vs Processing cost : strategies for payment startups?
With the cambrian explosion of payment startups, clones tackling mobile, NFC, QR codes, cryptography etc. it is quite a confusing market, especially when looking for the startups and companies that...
View ArticleMobile Wallets Forgot the Merchant
By Michael Connor, Managing Principal Financial institutions, venture capitalists and any organization that believes in mobile payments are busy building their vision for a mobile wallet. However, the...
View ArticlebPay Uses College Town as Its Test Case for Mobile Wallet
It’s no secret mobile wallets are struggling to find traction. When Barclaycard tapped Paydiant to help develop its mobile payments solutions eighteen months ago, the two companies decided to start...
View ArticleInnovation Units at Four Banks Gear Up for Investment, Acquisition
To build innovative products and meet — or even exceed — customer expectations, banks are employing a mix of internal and external investment. Four bankers took to the stage last week at PayVest to...
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