What will be the killer app for mobile wallets?
If you are introducing a new platform, you need a “killer app.” These are applications so useful that people need the platform so they can have access to the app. VisiCalc and Lotus 1-2-3 were some of...
View ArticleVisa Warns PayPal of All-Out Competitive War
Visa may soon start targeting PayPal in ways you’ve “never seen before,” CEO has warned investors. PayPal has long been walking the line with traditional payment networks. So when asked about the...
View ArticleMeet Pavlok, Wearable Payments Newcomer
Did you catch the season finale of Shark Tank last week? Yikes.. For those who didn’t: the product pitched in the above episode, Pavlok, is a wearable device that uses zaps, taps, beeps and vibrations...
View ArticlePayPal Responds to Visa Threats, Sort of
Last week, Visa’s Chief Executive Charles Scharf went on a bit of a rant describing the complicated relationship between PayPal and payment networks. At a different conference yesterday, Dan Schulman,...
View ArticleChase Ready to Compete in Digital Payments, CEO Says
The digital payments space is crowded and competitive, but that doesn’t seem to concern JPMorgan Chase at all. Quite the opposite: the bank’s Chief Executive Jamie Dimon said at a conference yesterday...
View ArticleANZ Unveils Hysterical ‘Pay by Bum’ Series of Ads [VIDEO]
Playing off “fanny pay” humor, ANZ, the New Zealand bank, dropped three new “pay by whatever” ads yesterday that are just hysterical. The series urges consumers to “pay using your phone with ANZ,” and...
View ArticleAdd Western Union to List of PayPal Foes with Paybybank [VIDEO]
Add another name to the host of competitors facing PayPal: a European service called Paybybank. Paybybank offers a digital checkout service that links directly to a shopper’s bank account, prioritizing...
View ArticleDyme Releases Prototype of First Facebook Financial Chatbot
In what is believed to be a first, Dyme has developed a prototype of a Facebook Messenger bot for financial services. Dyme, the text banking startup, gave Bank Innovation a sneak peek at the savings...
View ArticleVisa Has Built Private-Label Wallet Apps for More Than 40 Banks
Payments network Visa announced a private label digital commerce app yesterday, noting that more than 40 banks have already implemented it, or are soon to. Visa has said it will go to war with PayPal...
View ArticleU.S. Bank Wallet? Not Yet
U.S. Bank would launch a mobile wallet, if a customer need arises, a spokeswoman told Bank Innovation. The bank announced a partnership with MasterCard yesterday, allowing customers to load their debit...
View ArticleAs MCX Shuts Down, Chase Pay Adds Merchants
Is this (finally) the end of MCX? When the Merchant Customer Exchange (MCX) deal with JPMorgan Chase made news last fall, it was clearly important. The country’s largest bank was teaming up with...
View ArticleApple’s iOS 10 Offers Significant New Platforms for Payments
The payments news from Apple seemed sparse compared to other flashier offerings at today’s Worldwide Developers Conference, but significant new payment platforms within the iOS were quietly announced....
View ArticleAnt Financial to Sign Up a Third of the World
Aim big, they say. Ant Financial did just that. The Alibaba affiliate that operates the digital payments platform Alipay, Ant Financial said this week it will sign up 2 billion users in 10 years for...
View ArticleHow Important is Apple Pay on the Web?
Yesterday, Apple announced a number of features for both iOS and its desktop operating system, renamed macOS, but the one that struck the payments community was the announcement that Apple Pay was...
View ArticleChase 3rd Bank to Launch Realtime ClearXChange Payments
Three banks are now live with realtime peer-to-peer payments on the ClearXchange network: U.S. Bank, Bank of America, and as of yesterday, JPMorgan Chase. U.S. Bank and Bank of America joined the...
View ArticleThe Big Apple to Square Off Against Online Payment Giants
Recently H&M opened its doors here in Australia. Devoid as we have been for some time down under of fast fashion, the past few years have seen a flood of global retailers open on our high streets,...
View ArticleRegistration for Bank Innovation Israel 2016 Officially Opens
Bank Innovation Israel 2016 registration has officially opened today. The only Western fintech event in Startup Nation, the 2016 Bank Innovation Israel will take place 1-3 November at the Dan Tel Aviv....
View ArticleBank Innovation Launches BankBoost App to Answer Fintech Questions
Bank Innovation today officially launches BankBoost, a new app that fosters information discovery in the fintech industry. BankBoost is an “answerbase,” which means it is an app for getting questions...
View ArticleAlly Launches Cashback Credit Card [VIDEO]
Ally Bank announced today that it offers a cashback rewards credit card to its customers, but Ally is not the card issuer. The issuer of the card is TD Bank. “Our customers wanted a credit card and...
View ArticleBlockchain Wallets: ‘Bigger Than the Internet’?
Jaxx plans to do for blockchain what the internet did for communications. Toronto-based Bitcoin consultancy and software development company Decentral announced last week that it has integrated Jaxx,...
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