Card.com Plans New Features for 2016 with a Focus on Mothers
Card.com is focusing on the CEOS and CFOs of America — meaning mothers. The Santa Monica, Calif.-based prepaid card provider announced a Series C raise of $9 million yesterday, which will enable it to...
View ArticlePaying for Black Friday and Beyond: Card Strategies for the Holidays
Black Friday and its online sibling Cyber Monday are upon us again. The ads are everywhere and the preview circulars are available online. Just as you are creating your plan of attack for the wee hours...
View ArticleNavy Federal Ups the Ante with Ambitious App Update
Navy Federal Credit Union recently released an updated mobile app that does, well, pretty much everything. Call it the “kitchen sink” update. Released Nov. 18, the updated 5.0 version of the app puts...
View ArticleBankMobile Takes Aim at Investing with Robinhood Deal
BankMobile is aiming to help its millennial customers start investing via an upcoming partnership with free stock-trading service Robinhood. The mobile-first arm of Phoenixville, Pa.-based Customers...
View ArticleStriking Fintech Gold
If you invested in the S&P 500 at the start of 2015, by the end of trading today, you would have enjoyed a return of … 1.04%. Yeah, not impressive. But had you invested in the portfolio of fintech...
View Article68 Million U.S. Adults Are Financially Underserved [Infographic]
PayNearMe, which allows users to pay digital bills with cash, serves the nation’s underbanked customers. Who are the underbanked? PayNearMe, based in Sunnyvale, Calif., lays it out in the infographic...
View Article10 Most Innovative CEOs in Banking 2015, Page 3
8. Dan Schulman, PayPal Earlier this year, Carl Icahn, the investor-agitator, got his wish: PayPal was unshackled from former parent company eBay through an initial public offering. Waiting patiently...
View Article10 Most Innovative CEOs in Banking 2015, Page 2
4. Heather Cox, Citi FinTech Big banks can’t innovate? Er, no one told Heather Cox or Citigroup, which recently launched a mobile-first unit led by Cox, previously the bank’s chief client experience,...
View ArticleKlarna Plans to Stretch Its Credit Terms
As Klarna, the Stockholm-based payments unicorn, is beefing up its credit risk management unit in New York, the company is also stretching out its credit terms. Klarna offers credit for online...
View ArticleEMV, Designed to Solve a Problem, May Cause More Bank-Merchant Squabbling
By now, everyone’s had the experience of presenting a chip card at a point of sale only to be told to swipe the card, because the chip reader “doesn’t work” or “is down.” It may not make much...
View ArticleWells Fargo Reminds Customers About Beacons in Time for Holiday Shopping
One of the nation’s biggest banks is taking on PayPal in the shopping space. Wells Fargo Wholesale (@WellsFargoB2B) tweeted today about its beacon offering to support merchants during the year’s...
View Article10 Greatest iPhone Fintech Apps of All Time
Which are the greatest iPhone apps of all time? Even asking the question seems daunting. But that’s exactly the question Mashable posed — in truth, it upped the ante on that question. Specifically, it...
View Article10 Most Innovative CEOs in Banking 2015
2015 has been a busy year in fintech. New mobile payments methods appeared on our phones; investing became easier and cheaper for millennials (who may finally have money to invest); Square went public;...
View ArticleWalmart Pay: Why Now?
Walmart, the nation’s largest retailer, is launching its own mobile payment service. It was announced late last night that Walmart Pay would join the growing parade of branded mobile payment platforms:...
View ArticleCredit and Debit Distinctions Blur, Even for Wells Fargo
Will that be credit or debit? Or rather, what’s the difference? Beyond the obvious — debit cards pull money from your checking account while credit cards draw on a credit facility the issuer has...
View ArticleCEO Out at The Bancorp
Frank M. Mastrangelo has been abruptly replaced today as chief executive officer of The Bancorp, a key player in the fintech sector. Mastrangelo first joined The Bancorp [ticker: TBBK] in September...
View ArticleVeriFone to App Up
VeriFone Systems Inc., the payments hardware company, is going whole hog into apps. In the second quarter of next year, VeriFone plans to unveil an app marketplace for its products and services. The...
View ArticleGreen Dot CEO Streit to Chat Fireside at Bank Innovation 2016
Steve Streit, CEO of prepaid card issuer Green Dot Corp., will participate in a fireside chat at Bank Innovation 2016 on March 1 in Seattle. Green Dot issued its first prepaid cards in 2000, and went...
View ArticleGlobal Payments to Acquire Heartland for $4.3 Billion
In a time of frenetic payments activity, news arrives of consolidation. Global Payments Inc. announced today that it will acquire Heartland Payments Systems for approximately $4.3 billion. The...
View ArticleAffirm’s Max Levchin Just Called the Fintech Bubble
Affirm, the small business lending startup headed by Max Levchin, has raised $320 million to date. Apparently, even Levchin, a PayPal founder, views that as, well, a lot. Yesterday, in a wide-ranging...
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