Bank Innovation Inks Partnership With LeumiTech for Israel Event
Bank Innovation today formed a wide-ranging partnership with LeumiTech, the high-tech services unit of Israel-based Bank Leumi, for its upcoming Bank Innovation Israel. Bank Leumi is Israel's...
View ArticleApple Releases First Video Promoting Apple Pay
Nearly a year after it was announced on Sept. 9, 2014, Apple has released a video promoting its Apple Pay mobile payment service. The video racked up more than 100,000 views in 24 hours. Apple Pay has...
View ArticleBanks Lose to Fintechs in App Store Ratings
The mobile banking apps of the 10 largest banks in the U.S. just don’t measure up. The average iOS iTunes score for those apps is short of the average score for the most popular fintech apps — make...
View ArticleAmid Wild Wall Street, Fintech Outperforms Market
Wall Street has given investors a wild ride in recent days. That is, with the exception of fintech investors. The Bank Innovation portfolio of stocks, which includes 25 fintech companies, has dropped...
View ArticleBanking in the Age of the Jetsons
What George, Jane and family can teach bankers about innovation and the velocity of change Like many kids growing up in the 1960s, I looked forward to Saturday morning cartoons. Armed with my bowl of...
View ArticleCoin 2.0 Lacking [VIDEO]
Coin, the card aggregation device, introduced its version 2.0 device with NFC capabilities a couple of days ago, and it is, well, lacking. Below is a demo of the device. Coin 2.0 reportedly started...
View ArticleCiti’s Jerusalem Challenge Offers ‘Gateway’ to Startups
Israel is a small country bursting with startups in search of wider markets. That’s why Israeli entrepreneurs appreciate opportunities like Citi Mobile Challenge, which came to Jerusalem — among a...
View ArticleIt Is Time for Banks to ‘Pivot’
Bankers need but one mantra today: “my bank is a technology company, my bank is a technology company.” And exhale. The truth is this concept appears to be incredibly difficult for the vast majority of...
View ArticleBankjoy Is Building an Apple Watch App Centered On … Voice
Listen to this: Bankjoy, the Y Combinator alum startup, is hotly working on a banking app for Apple Watch that will rely on voice for functionality. Dick Tracy would be thrilled. Michael Duncan, the...
View ArticlePayPal Introduces Square Cash-like PayPal.Me
Yesterday, PayPal’s head of consumer business, Hill Ferguson, stepped down. Today, it introduced a new consumer product, PayPal.Me. The first bit of news means the influence of Braintree founder Bill...
View ArticlePayments Industry Happenings: Samsung Pay, iZettle, PayPal
Samsung Pay launched an invitation only beta in the U.S. in advance of its rollout on September 28. The beta is open to consumers with a Samsung Galaxy S6, Galaxy S6 edge, Galaxy S6 edge+ or Galaxy...
View ArticleStartup Piddly Aims to Eliminate ATM Fees [VIDEO]
“Sorry, no cards — we’re cash only.” This depressing refrain sends many a millennial scuttling to the nearest ATM, where he will likely pay $2 or $3 so that the merchant can avoid a swipe fee. The cap...
View ArticleDwolla Unveils White Label Offering
Dwolla today introduced a white label service that allows financial institutions to use its FiSync “pipe” for its own faster payments service. Dwolla is also white-labeling an ACH application. The...
View Article‘Secret’ Bitcoin Meeting in Montreal [VIDEO]
A “secret” meeting will take place in Montreal soon to hash out bitcoin protocol issues, like expanding the blockchain size. It’s such a secret meeting, that Sinny Singh, the chief commercial officer...
View ArticleWhat Banks Can Learn From the Decline of Apple Pay
Around this time last year, the payments industry waited with much anticipation as Apple prepared to announce a move into mobile transactions that was expected to redefine the ecosystem as we knew it....
View ArticleDwolla Is ‘Happy to Be the Pipes’ of the Payment System
Not so long ago bankers feared that fintech insurgents like Dwolla wanted to turn FIs into “dumb pipes” moving money around while the fintechs would own the customer experience. Payments platform...
View ArticleSlow Going with EMV, Despite Looming October 1 Liability-Shift Deadline
With less than a month to go for the October 1 EMV liability shift deadline, the pace of EMV implementation both at the issuer and merchant end continues to be slow. Surveys, industry reports and our...
View ArticleNew York FinTech Can’t Shake Wall Street Traders
Sorry, consumers, the FinTech scene in New York isn’t about you; it’s about Wall Street traders. That was the upshot at last week’s New York FinTech meetup in Midtown Manhattan, which featured demos...
View ArticleHere’s a Peek at ING’s Fintech Focus
Those Dutch know how to fintech. From Rabobank to Adyen to ABN Amro (or at least before it imploded with the credit crisis), the Netherlands has been a global spark for fintech evolution in recent...
View ArticleApple Offers iPhone Loan Plan from Citizens Bank (But No Apple Pay News)
Apple offered at its September “special event” today a credit plan for its phones backed by Citizens Bank. But where was Apple Pay? A June Forbes article declared “almost no one” is using the mobile...
View Article