Square Capital Moves Beyond Cash Advances to ‘Flexible Loans’
Is it best to dip a toe in the water, or jump in for a cannonball? According to Square, a slow and constant march into the wading party beats both. The payments company announced today it would move...
View ArticleMIT Rides to the Rescue of Bitcoin with $900,000 Developer Fund
While private initiatives seek to capitalize on distributed ledger technology, academics are turning their attention to bitcoins. It’s been an open secret for some time that as blockchain has soared to...
View ArticleYodlee Moves Away from Fintech, Toward Investment Management
Apparently now is the time to move away from fintech firms toward the higher, more stable ground of investment management — or at least that’s the way the wind appears to be blowing at Envestment-owned...
View ArticleAdd Samsung Pay to the Mobile Payments Now Flooding China
Samsung Pay became the latest mobile payments platform to enter China, the South Korean tech giant announced today. The move was made in partnership with China UnionPay, the sole interbank ATM network...
View ArticlePayments Industry Happenings New & Noteworthy for the week ending 03.25.16
Square announced that it will begin offering installment loans to its small business customers in addition to the current merchant cash advance product, Square Capital. The installment loans will be......
View ArticleTax Apps Drop While Credit Karma Retains Title
Last week Credit Karma passed Chase Mobile to slip into first place on both Android and iOS platforms. Maybe tax season has mobile users worrying about their credit history, or contemplating borrowing...
View ArticleIt’s Getting GUI Out There
All that GUI out there might just change fintech forever. Increasingly, developer-level applications are offering up their wares not as “only a math Ph.D can figure it out” interfaces, but with GUIs...
View ArticleRead My Lips (and Listen to My Voice) — Biometrics Goes Bimodal
A Russian company wants to move users out of the password era with a combination of voice and facial recognition. SpeechPro, based in St. Petersburg, Russia, introduced its new authentication...
View ArticleGoodbye, Google Wallet Card
It was never supposed to have existed. Google Wallet Card, the sad offspring of Google’s original mobile payments dreams, will shut down June 30, as Android Police reported on March 28. Emails have now...
View ArticleBreaking Banks: Big Data Use in Real-Time Transactions [AUDIO]
Brett King opened yesterday’s episode of Breaking Banks with the new Citibank report, which suggests disruption will lead to a 30% cut in employees across the retail banking sector. Next up was data...
View ArticleCan Pivotus Help Save Banks from Themselves?
Pivotus Ventures, a new venture capital firm launched by Umpqua Holdings Corporation, believes that drastic action is needed to keep banks relevant in the coming years. If any FIs can do it, Umpqua is...
View ArticleKlarna Ramps Up U.S. Customer Service Efforts
The Swedish payments firm Klarna, which raised $231 million in funding in Europe and launched in the U.S. last September with Overstock.com as its first customer, has expanded its American customer...
View ArticleThis Guy Just Reserved His Tesla 3 with Bitcoin
Of the more than 250,000 people who have pre-ordered a Tesla 3 in the last three days, one guy stands out. That guy is Mason Borda, a software engineer at BitGo, a bitcoin security firm. Borda uniquely...
View ArticleFacing P2P Competition, Western Union to Launch Business Service
Western Union is diversifying. Its main business, cross-border peer-to-peer payments, faces significant threat of disruption, and rightly so — these payments can be expensive, slow, and far from...
View ArticleHot Hashtag: #Copenhagen, Fintech Destination
This week, with Money 20/20 in town, the gaze of the world’s fintech watchers is centered on Copenhagen, Denmark. It seems the Danish city has charmed its fintech-hungry visitors. Although the hashtags...
View ArticleNavy Federal Credit Union Joins Bank Innovation INV
Bank Innovation INV today announces the addition of Navy Federal Credit Union as a member of Bank Innovation INV, the revolutionary fintech accelerator. INV, which was launched in January, is the first...
View ArticleBank Innovation, Open Bank Project Renew API Research Initiative
Once again, Bank Innovation has teamed with the Open Bank Project to conduct a research initiative surrounding the use of APIs in banking. Specifically, Bank Innovation and the Open Bank Project will...
View ArticlePutting Bitcoin Where It Belongs, Circle Partners with Barclays in U.K.
It seems like Circle has cryptocurrency all figured out. The point of Bitcoin isn’t just to use Bitcoin, despite what anarchists might think — it’s about using the digital currency to enable smoother,...
View ArticleR3CEV Unveils Corda, Its Distributed Ledger Product
The hits keep coming for virtual currency consultancy R3CEV. Once derided as a blockchain support group for the consortium of financial institutions it amassed, R3CEV said repeatedly it wanted to build...
View ArticleFedEx Gets Deeper Into the Digital Payments Business
Welcome to FedEx, the payments business. Amazon may be taking on FedEx in its core delivery business, but FedEx is also beefing up its competition with Amazon, as well as digital payments companies the...
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