Payments: How FIs Can Reduce Operating Costs of Health Reform
Unless you’ve been living under a rock for the last few years, you’re well aware by now that our healthcare system is drastically changing and that initiatives, like moving to across-the-board...
View ArticleDan Schatt Moves On from PayPal
Dan Schatt, formerly general manager of financial innovations at PayPal, has moved on from San Jose-Calif.-based company, Bank Innovation has learned. Schatt joined PayPal in 2007 and took over as GM...
View Article21 Reasons Why the Mobile Banking Naysayers Are Wrong
No monetization — that’s the crux of the argument against mobile banking. The Debbie Downers of banking say mobile has not — and, to some degree, will not — be monetized by banks to any great extent....
View ArticleAt PayPal, Growth and Margins — While Still Steep — Decline
When tallying profit margins, 280 basis points count. That’s the amount of margin decline suffered at PayPal last quarter compared to 2Q12, and the fall is surprising. Don’t get us wrong, a 23% profit...
View ArticleVIDEO: Wells Fargo Introduces SurePay for Mobile Person-to-Person Payments
Wells Fargo & Co. introduced SurePay, a person-to-person (P2P) payments solution for mobile devices, on July 17. The video introducing it is below. SurePay is the new name for Wells Fargo‘s P2P...
View ArticleLemon Wallet Ups Its Game by Partnering with Shopping Sites
Lemon Wallet announced yesterday that it has enabled purchases on participating merchant sites without customers needing to enter payment information. Lemon Wallet users can now buy goods and services...
View ArticleCIT Sees Significant Growth in Online Deposits
Online banking is booming for CIT Bank. The financial services company yesterday reported that it had secured $11.1 billion in new deposits last quarter, of which $6 million, or 54%, came through the...
View Article10 FinTech Startups You’ve Never Heard Of, But Should Have
There’s no shortage of startups in financial services, and staying on top of them can be a challenge for even the most seasoned fintech watcher. For those of you who say you are on top of every startup...
View ArticleGetting Low
P2PCash P2PCash was born out of the microfinance movement and aims to enable the inexpensive movement of cash between individuals regardless of location. Any cellphone can tap into the network, which...
View ArticleThe Kitchen Sink of Banking
Vudubu Turkish-based Vudubu is a mobile bank account linked to a prepaid Visa card, and also includes a crowdfunding platform that is linked to the user’s friends on social media. If that’s not enough,...
View ArticleMoven Announces Username and Password Coming Soon for Mobile
Moven sent an email to its beta testers yesterday announcing that its username and password feature, currently only available online, would soon be available for mobile. This will give mobile users...
View ArticleThe FinTech Deadpool: Which Banking Startups Are Finished?
Every year, hundreds of startups enter the world of banking and financial services. They all work hard and most have seemingly sound ideas and business plans and dedicated founders, but only a few...
View ArticleWill China’s Mobile Payment Volume Actually Hit $1.45 Trillion?!?
There’s no doubt mobile payment volume is large and growing rapidly in China, but when it comes to putting exact numbers on that volume, well, that’s another matter entirely. Earlier this week the...
View ArticleMasterCard Re-ups Its Innovation Strategy for the Next Three Years
MasterCard, which yesterday beat Wall Street earnings expectations with a 21% increase in second quarter profits, has put some more heft behind its innovation strategy. The credit card company...
View ArticleD3 Banking to Launch Data-Driven Digital Platform in November
Data — big or small or in-between — is the foundation of delivering the best banking experience to customers. At least, that’s how D3 Banking sees it. The company is readying its data-driven digital...
View ArticleGroupon’s Breadcrumb Makes Its Card Reader Free
Free at last. Breadcrumb, Groupon’s payments platform, has ditched its $15 fee for credit card readers. Breadcrumb is Groupon’s payment system for businesses that includes a retail POS, as well as a...
View Article5 Most Popular Banking Questions on Quora Right Now
Some have suggested that Quora might be the new Google. While we won’t go that far, the Q&A site offers a unique window into what’s bugging people right now, including those engaged in financial...
View ArticleChirpify Will Allow Payments Wherever Brands Advertise — Which Is Everywhere
A newly funded Chirpify is moving beyond social selling to facilitate the buying of advertised goods wherever brands are advertising. Chirpify began in July 2011 as Sell Simp.ly, allowing users to buy...
View ArticleSuccess of Rewards Platform Plink Points to the Power of Social Media Marketing
Online-to-offline rewards company Plink is making good use of the plethora of data for sale from Facebook. The customers delivered by advertising on Facebook have powered the Denver-based company to...
View ArticleVIDEO: VeriFone is Finally Using the Point Technology It Bought in 2011
VeriFone introduced a “payment as a service” solution, VeriFone Point, yesterday. The company acquired the Sweden-based payment processor Point in November 2011 for $820 million. Point’s technologies...
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