GoBank Revenue per Account Up 35% YOY
How is the mobile bank account GoBank, a product of prepaid card company Green Dot Corp., doing in the marketplace? It’s anybody’s guess. GoBank watchers have learned to feast on scraps, as Green Dot...
View Article3 Startups to Watch: Adaxial, Dimes, Beagle Boys
This week’s startups include farming finance management, a second-generation credit card, and a mysterious, intriguing unknown. Adaxial Solutions – Adaxial Solutions provides an analytics platform to...
View ArticleDEMOvation Challenge Israel Kicks Off
Israel might have one of the hottest startup scenes in the world, but which fintech startup in Israel is the hottest? The DEMOvation Challenge, which officially opens today, will find the answer to...
View ArticleFintech Trends Signal Imminent Disruption
Rather than an indication that a fintech bubble is forming, the sky-high investments in the sector are a sign that banks will be disrupted sooner rather than later. Fintech investment is ballooning as...
View ArticleTop 20 Finance Apps: Xoom Zooms In
The top spots in both iOS and Andoird Finance apps remained the same since my last post: Chase Mobile is No. 1 in the iOS store, while Credit Karma is No. 1 in Google Play. The No. 2 spots also...
View ArticleUSForex Launches Mobile App for High-Value Transactions
It’s a simple matter to send $20 on your mobile phone now — options abound. But what about when you want to send $10 thousand? USForex has had a mobile app for a while, but it was purely informational....
View ArticleBetter Support, Not Better Tech, Confounds Banks
How can banks give their customers the “Simple” experience? That clean design, contextual messaging, safe-to-spend alerts — isn’t this a massive technological challenge for supposedly backward banks?...
View ArticleBank of America on Why People Don’t Have Instant Access to Funds [VIDEO]
How quickly does a customer get access to funds he has deposited? It’s a complicated a question — and that’s the whole problem. From the Ford Model T (1908) to the Tesla Model S (2012), not much has...
View ArticleCFPB Issues Payment Principles
As the payments industry looks to speed up and secure payments, the Consumer Financial Protection Bureau (CFPB) advocated for the development of faster and safer consumer payment capabilities in both...
View ArticleGoogle Wallet, Android Pay Should Stay With Google in Alphabet Reorg
It appears Google’s payments services Android Pay and Google Wallet will both remain part of the “search” company — that is, Google — in the company’s reorganization as Alphabet, announced yesterday....
View ArticleSunGard Acquisition Makes FIS the Beast of Fintech
Meet the new King of the Fintech Hill: FIS. Today, FIS effectively became the largest financial services technology company in the world by revenue, as it agreed to acquire SunGard for $9.1 billion....
View ArticleSunTrust Launches Payments ‘Hub’ Initiative
Payments are spread across just about every line of business in banking, but SunTrust Banks is taking steps to pull them together. The bank is developing an enterprise payments hub that will tie the...
View Article3 Startups to Watch: Onethly, Mogo, and Alloy
There’s a new startup looking to solve a problem in financial services every day — and each week we’re picking three of them for a closer look. Of the three startups we’re profiling this week, two aim...
View ArticleHere’s What Samsung Pay Looks Like [VIDEO]
The world is finally getting a look at Samsung Pay, the latest entry in the mobile payments space. At yesterday’s Samsung Galaxy Unpacked event in New York, Injong Rhee, head of payments for the the...
View ArticleTop Image Systems Says It Scored a Big Win
Top Image Systems (TIS), a provider of image processing solutions, announced today that it had scored a software-as-a-service contract with a Top 5 bank in the U.S., the company announced today. The...
View ArticleP2P Comes to Wearables with Square Cash for the Apple Watch
Peer-to-peer payments have arrived on wearable devices with the arrival today of Square Cash for the Apple Watch. The service, with offers a simple numerical keyboard on smartphones, employs a...
View ArticleMasterCard Paints Sunny Picture of EMV Liability Shift
As the EMV liability shift approaches, the pressure is on both retailers and banks. Retailers need to upgrade their point-of-sale equipment, while banks need to get chip cards in the hands of...
View ArticleAmex Looks Further Downmarket with Cashback Prepaid Card
American Express announced a prepaid card with 1% cash back today, calling the card the first and only one of its kind. Debit reward cards became rarities after the Durbin Amendment slashed “swipe...
View ArticleTop 20 Finance Apps: Robinhood Hits the Mark
Robinhood, a startup promising free stock trades, made a strong showing in rankings for Google Play store finance apps, coming in at No. 7, putting it ahead of Google Wallet, Venmo, Citibank, and US...
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