Visa Europe Hits 1.1 Billion of Contactless Transactions
Visa Europe has “just reached” 1.1 billion contactless transactions on the Continent in the past 12 months, the payments network disclosed today. Visa Europe made the revelation as it announced that it...
View ArticleDoes Google Wallet’s P2P Pivot Matter?
Android Pay, which begins rolling out today, has not killed Google Wallet as many assumed it would. Instead, Google Wallet today made public that it has made another pivot, this time into a...
View ArticleChain’s Funding Shows Banks’ Faith in Blockchains
The $30 million funding of blockchain startup Chain, which included capital from a number of financial institutions including Visa, Citi Ventures, and Capital One, provided yet more evidence (as if any...
View ArticleCrew of Banks in Android Pay Kick Off Mirrors Apple Pay’s
In one way, Android Pay has already matched Apple Pay: its group of charter banks is eerily similar. Android Pay, Google’s contactless mobile payments offering, kicked off yesterday with 11 bank...
View ArticleTop 5 Least Used Mobile Banking Features
Why do we use our mobile banking app? That’s easy: to transfer money, view our transactions, deposit a check — but which features don’t we use on our mobile banking apps? That has been more of a...
View ArticleTop 20 Finance Apps: Google’s Confusing Wallets
Google is making things confusing with its proliferating wallets. Google, now part of an umbrella company called Alphabet, recently repositioned Google Wallet as a pure person-to-person payment app,...
View ArticleUber Competes Head-on in Payments in India
I see the so called sharing economy services such as Uber and AirBnB as payment systems with a domain specific wrapper. They work for both parties because payment is so easy. At some stage this was...
View ArticleForget the Plastic, Wallaby Is All About APIs Now
So the Wallaby card never arrived — but hey, who needs cards anymore? Wallaby began beta testing in June 2012, and received $1.1 million in seed funding that August. The goal was to provide a card that...
View ArticleFintech API Providers Band Together to Form Network
Now the API community is joining forces. Xignite, which bundles and distributes financial data via API, or application programming interface, today unveiled a network of APIs called the...
View ArticleBank of America Quietly Boosts Its Mobile Transfer Limits
Bank of America mobile customers can now send more money to their buddies. The megabank quietly increased its dollar limit to $2,500 from $1,000 on mobile peer-to-peer payments, which the bank formally...
View ArticleFinovateFall Day 1: All Aboard the Mobile Train
Finovate arrived in New York on a beautiful fall day and brought with it a host of solutions for onboarding customers on mobile devices, as well as managing wealth and fighting fraud. Barely heard...
View ArticleFinovateFall Day 2: Tackling the Identity Problem
Mobile onboarding and authentication continue to be major preoccupations of the financial services community, and for good reason. This was made abundantly clear on the second day of Finovate yesterday...
View ArticleBeanstocks Is an App for Parents to Pay Kids — Built by Kids [VIDEO]
While your kids were destroying the house yesterday, or playing video games, glassy-eyed, for hours, two pint-sized entrepreneurs took the stage at TechCrunch Disrupt in San Francisco and showed off an...
View ArticleLending Wins at Startup Competition in New York
Lenders stole the show — and won the two awards — at the BBVA Open Talent competition, held last Tuesday in New York. This is the seventh year the competition has been held, according to Gustavo...
View ArticleBreaking the Ball & Chain of Core Banking
It may be time to rethink the core. Core transactional systems are commonly derided as being outdated and slow, yet they are rock-solid for what they do, such as maintaining an accurate record of how...
View ArticleDEMO: Mobile Commerce in Action With PowaTags
Payments startup Powa is no longer much of a startup — it’s got 450 employees, has received a valuation of $2.7 billion, and has deals in the works with 1,200 brands to incorporate its technology. The...
View ArticleCircle Forges Ahead with BitLicense, Non-Bitcoin Functionality [VIDEO]
Where is Circle going? Last week, consumer bitcoin app Circle revealed it was the first company to be granted a BitLicense by New York State (license number BL 000001), and also noted that it will...
View ArticleSwift to Shift Innotribe Strategy
Swift is pivoting its strategy for financial startups. First, the global collective that powers inter-bank payments, will move away from its “boil the ocean” strategy of supporting the startup...
View ArticleVikram Pandit, Tom Glocer to Speak at Bank Innovation Israel
Vikram Pandit, former CEO of Citigroup, and Tom Glocer, ex-CEO of Thomson Reuters, will speak at Bank Innovation Israel. Pandit and Glocer will participate in a special half-day portion of the Tel Aviv...
View ArticleSantander InnoVentures Invests $4 Million in Ripple
Yes, banks are serious about the blockchain. (What’s a blockchain? A blockchain is — well, see the three-minute video from Financial News below, which explains it using cartoon figures.) SAN...
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