Chase to Launch Its Own P2P App
JPMorgan Chase & Co. building a peer-to-peer payment app featuring its QuickPay service, which is tied into the clearXchange network, CEO Jamie Dimon announced yesterday. Dimon did not say when the...
View ArticleIndia may take the lead in mobile payments by cracking the digital ID problem
A lot has changed since the Fintech Global Tour went to India in January 2015, when the action looked uninteresting. Days later we discovered Paytm and digging into that story we could see how India is...
View ArticleWells Fargo Wallet Goes Live on Android (Sorry, iPhone Users!)
Another bank is live with a digital wallet. Wells Fargo & Co. joins JPMorgan Chase and Capital One in launching a bank-branded mobile payment platform, or digital wallet. These instruments for...
View ArticleTech Spending at Amex Continues to Climb
While the headline out of American Express‘s earnings yesterday was the $1 billion of gain from the sale of its Costco Wholesale Corp. credit portfolio, the underlying story — at least from an...
View ArticlePayPal Signs Exclusive 12-Month Deal with Visa
When Visa CEO Charlie Scharf said his company would “go after PayPal in ways that people have never seen before,” he apparently meant he was pursuing a partnership. That deal was announced today, and...
View ArticlePayPal’s Future Will Be Built on Partnerships
PayPal‘s partnership with Visa is only the beginning, according to CEO Dan Schulman. The payments industry was awash in rumors of a PayPal-Visa partnership this week, and yesterday, when both companies...
View ArticleSilicon Valley Bank Building Out Payments Services
Watch out payments industry, Silicon Valley Bank is coming. The bank for startups — officially named SVB Financial Group — said last Friday that it was boning up its payments infrastructure and...
View Article10 Fintech Startups You Probably Haven’t Heard Of (Until Now)
When you’re in financial services, it sometimes seems like fintech startups are everywhere. They’re on Twitter, LinkedIn, they’re at conferences, they’re in your inbox, they may be waiting outside your...
View ArticleMasterCard CEO Doesn’t Understand ‘Exclusivity’ of PayPal-Visa Deal
PayPal and Visa jointly announced a deal last week giving PayPal access to Visa payment rails at the point of sale, and giving Visa cards preferential treatment within the PayPal environment. The deal...
View ArticleVenmo Will Soon Be Larger Than Any Bank P2P Service
July’s PayPal earnings call talked quite a bit more about Visa than Venmo, but while the consequences of the Visa deal are still unknown, Venmo’s numbers are already known, and they look great....
View ArticleMasterCard and Visa Join ClearXchange Realtime Payments Network
Realtime has gone prime time with the addition of Visa and MasterCard to the clearXchange payments network. Today, Early Warning, which owns clearXchange, expanded its realtime payments network by...
View Article3 Fintech Startups to Watch: BillGO, Barzahlen, & Pleo
It seems like new fintech startups show up daily, all vying for the top slot in the type of financial service they offer: want to find a P2P lending service? There’s dozens of startups for that. Need...
View ArticleSquare Considers Offering Capital to Non-Square Merchants
Square Capital may soon be available to non-Square merchants. The payments firm with the famous dongle just reported on a strong quarter and its lending product, Square Capital, played an important...
View ArticleTop 20 Finance Apps: Chase Mobile vs. Credit Karma
Chase Mobile and Credit Karma are locked in a struggle to claim the number one slot among finance apps this week, with Chase Mobile topping the iOS charts and Credit Karma emerging as number one for...
View ArticleFintech Companies Prepare for Same-Day ACH
On Sept. 23 a major milestone in the journey toward faster payments will be reached: New rules will go into effect that will enable the same-day processing of ACH payments. Vendors are working to make...
View ArticleGoBank for Uber Revs Up
GoBank launched an account for the “gig economy” in March, and its first test case was the rideshare giant Uber. Yesterday, for the first time, Green Dot, which owns and operates GoBank, revealed some...
View ArticleCapital One Joins Effort to Educate Seniors About Online Banking
Banks only care about millennials, right? Not really, though marketing about digital efforts may make it appear that way. Yesterday Capital One, a leader in digital banking, joined OATS (Older Adults...
View ArticleFiserv, PayPal and Square Join Visa Direct Realtime Network
The ubiquity of realtime money transfers in the U.S. took a step forward with yesterday’s news that Visa Direct was partnering with such major players as PayPal, Fiserv, and Square. Fiserv became one...
View ArticleDisney Adds Messaging Service for Kids with Games (and Payments?)
What do you call the generation that comes after millennials? For now they’re just kids, but soon they’ll be a powerful force in the world of commerce. (Today’s parents may tell you they already are.)...
View ArticleTop 5 Fintech Raises: Deliveroo, Yunnex, TransferWise
Fintech funding is growing scarce? Maybe, but there are still plenty of big raises to speak of. The five biggest fintech raises this week range from a certain money transfer service in London, to...
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