Chase Pay Aligns the Nation’s Largest Bank with Merchants [VIDEO]
Another bank-driven mobile wallet arrived this week, and it’s good news for MCX. After being repeatedly teased on earnings calls and in investor meetings by CEO Jamie Dimon, Chase Pay, the mobile...
View ArticleTop 20 Finance Apps: Google Wallet Still Tops Android Pay
Google Wallet is still money — but it’s hardly encouraging news for mobile payments at the point of sale. A month and a half or so into the life of Android Pay, Google Wallet, now essentially a...
View ArticleBrother, Can You ‘Share’ a Ride?
In case you didn’t notice, the auto industry in the U.S. is metamorphosing. While it is hard to argue that the car dealer will go the way of the travel agent, it is equally fair to say that a healthy...
View ArticleEarly Warning Appears Set to Relaunch clearXchange as SecureExchange
Early Warning, the bank security consortium that last month combined with clearXchange, appears set to relaunch its payments service as SecureExchange. ClearXchange is the stuttering P2P payments...
View ArticleVisa Checkout Hits 7 Million Users, and Visa Europe Should Push That a Lot...
PayPal, take notes. Visa yesterday disclosed that it has “more than 7 million registered users” for its Visa Checkout service, a PayPal competitor. PayPal counts 173 million active users. Visa Checkout...
View ArticleAnnouncing the 2015 DEMOvation Finalists
EIght startups have been chosen as finalists in the DEMOvation Challenge at Bank Innovation Israel 2015. The finalists will demo their products at Bank Innovation Israel next week in Tel Aviv.
View ArticleMBank Goes All In on Biometrics for Logins, P2P Payments
You hear a lot of biometrics and banking, but what have you seen in your life as a bank customer? Passwords, passwords, and more passwords, quite likely. Yesterday, I signed up with Airbnb and noticed...
View ArticleFacebook Payments Revenue Falls While Ad Revenue Soars
Facebook revenue continues to soar, but payments revenue plays little part in that — it’s all about the advertising. Payments revenue was $202 million, down 6% from the prior quarter, and down 18% year...
View ArticleBank Leumi CTO Ilan Buganim Joins Fireside Chat at Bank Innovation Israel
Bank Leumi CTO Ilan Buganim is taking time out of his busy schedule — more on that below — to participate in a fireside chat at Bank Innovation Israel in Tel Aviv next week. Bank Leumi has a lot going...
View ArticleTokenization could be the Trojan Horse that will break the credit card rails
Tokenization was all the rage at Money2020. It is one of those buzzwords that float around market spaces in a way that excludes outsiders. If you know what tokenization is, then you are a payments...
View ArticleThe Next Fintech Boom: Resource Maximization
TEL AVIV — There’s OnDemandEconomy.org, and even @ondemandeconomy. The on-demand economy has even made its way into the presidential election. Republican presidential candidate Marco Rubio last month...
View ArticleHere’s Apple Pay, the Location Finder [VIDEO]
Pay Finder, a new app from noted payments expert Brian Roemmele that shares Apple Pay locations, was released yesterday in the Apple Store, and it turns out there are more than 3.2 million of them now....
View ArticleWhat Santander’s Belinky Is Looking for in Fintech Startups Right Now [VIDEO]
TEL AVIV — Mariano Belinky is arguably the Most Famous Man in Fintech Today. And not just because of his Spanish accent. No, it’s because Business Insider made a big deal last week about how Belinky...
View ArticleIs Bitcoin suitable as an interim store of value for a payment rail?
TL:DR – the answer is no. Bitcoin is back in fashion, for the simple reason that the price is rising. But Bitcoin has three use cases: # 1 Asset to invest in/trade with (digital gold) # 2 Currency to...
View ArticlePayPal’s Ellison: Regulators See Blockchain as Adding ‘Transparency’ [VIDEO]
Regulators’ hesitancy about blockchain may be a thing of the past. Scott Ellison, Senior Director, Corporate Strategy at PayPal, said at Bank Innovation Israel this week that regulators are...
View ArticleApple’s P2P Service Could Be a Play to Win Banks Over to TouchID
Apple is doubling down on payments, but it may actually be about authentication. The Cupertino, Calif.-based tech giant is expected to launch a peer-to-peer money transfer service sometime in 2016,...
View ArticleBBVA Compass Enables Realtime Mobile Rewards [VIDEO]
Bank wallets continue to gain ground and add functionality the tech giants will have trouble replicating. Capital One led the way by enabling POS transactions from its mobile app, and JPMorgan Chase...
View ArticleAlign Funding Shows Faith in Blockchain-based Transfers [VIDEO]
Blockchain may not be able to solve all bank problems, but it can solve most. So said Passion Capital’s Eileen Burbidge at Bank Innovation Israel last week, in discussion with Amos Meiri, CEO of Colu,...
View ArticleThe Minefield Hidden in Baidu’s Soon-to-Launch Online Bank
SEOUL — Should traditional bankers pay heed to the soon-to-launch direct bank by Baidu, the Chinese Google, and its bank partner, CITIC Bank Corp.? Yes, in the same way that seven-year-olds find cheese...
View ArticleKey Square Preorders Masked by NYSE Debut [VIDEO]
Mobile payments company Square began trading on the New York Stock Exchange today under the ticker SQ. And that’s likely not the most important news out of Square today. CEO Jack Dorsey disclosed to...
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