ClearXchange Partnership Reinvigorates Popmoney
The two leading providers of realtime bank-based peer-to-peer payments solutions have joined forces. Last week, Fiserv, which operates the P2P solution Popmoney, and Early Wanring, the owner of...
View ArticleWhy Walmart Bought Jet.com
After a week of speculation, it has been officially announced that Walmart will acquire innovative ecommerce company #JetCom, for which it will pay $3 billion in cash. It’s a sweet deal for Jet, and...
View ArticleAnother Day, Another Bitcoin: After the Bitfinex Hack
It’s been just about a week since the bitcoin exchange Bitfinex was hacked, with a loss of 119, 756 BTC, or about $80 million in boring old, traditional currency. The hack remains a hot-button topic in...
View Article‘ATM Killer’ Spare Releases v. 3.0 of App
The mobile payments app Spare wants to kill the ATM. More specifically, Spare wants to give customers access to cash from merchants for less than the cost of an ATM fee, and more security. To use...
View ArticleD+H: Millennial Employees Drive Banks to Adapt to Digital Age
It’s not just millennial customers banks are adjusting to today — it’s millennial employees. With the emergence of new technologies, channels, and strategies, banking customers — not to mention working...
View ArticleMasterCard and Plastiq Enable Faster U.S. Tuition Payments for Chinese Students
MasterCard launched a new site with card payment service Plastiq yesterday to help Chinese students in the U.S. pay their tuition, even if their schools do not accept credit cards for payments. “For...
View ArticleBanks Down Under Declare War on Apple
When Apple launched Apple Pay in 2014, it obtained advantageous terms for transactions, and banks seemed eager to be aligned with Apple’s brand. A bit of the shine is off Apple Pay today due to low...
View ArticleAmex Shoots Down OptBlue Rumor
American Express today dispelled market rumors that it would expand its OptBlue program. The program, launched in May 2014, allows merchants who charge less than $1 million a year through American...
View ArticleLarge Seller Growth Swells Square For Favorable Q2
It’s hip to be Square — a Square seller, that is. Square’s Q2 earnings report was released last week, with the company’s results and changes in corporate strategy setting the fintech community abuzz...
View ArticleCiti Fintech Loses CEO Before It Launches a Single Product
Citi Fintech launched in the fall of 2015 to build the bank of the future, but it has yet to release a product. Now Citigroup‘s innovation unit has lost its CEO. USAA announced today that Citi Fintech...
View ArticleCVS Health Launches Barcode-Based CVS Pay
For anyone who has to fill prescriptions, there’s an app for that — finally. Friday, CVS Health launched its new end-to-end mobile payment app, CVS Pay, for select stores in New York, New Jersey,...
View ArticleApplication Period Opens for Second INV Fintech Accelerator Class
Calling all fintech startups — today marks the opening of the application period for the second class of INV Fintech, a global accelerator operated by Bank Innovation and Fiserv. Interested startups...
View ArticleTop 5 Fintech Raises: Fusion Microfinance, Outfittery, UpGuard
“Wow, all of this funding, and not a fintech company in sight”—there’s a sentence you won’t be hearing from investors for a good while. There are so many fintech ventures out there, investors are...
View ArticleBitfinex Offers $3.5M Bounty for Stolen Bitcoin as Socialization Plan Stalls
It’s been another week, an eternity in the bitcoin world, and it looks like Bitfinex’s chosen recovery plan, in which it would “socialize” its losses by having its customers share 36% of the loss, may...
View ArticleHot Hashtag: Fintech and the #IoT
The Internet of Things — the network of internet-connected devices that might include your alarm clock, thermostat, and refrigerator– is growing, and that carries important implications for fintech and...
View ArticleU.K.-based Mobile Bank Mondo To Announce New Name Next Week
Mondo — what a great name, right? Well, kiss it goodbye. The U.K.-based mobile bank, which was granted a limited banking license this week, will announce a new name next week, CEO Tom Blomfield told...
View ArticleBankMobile Seeks College Ambassadors to Spread Education and Awareness
“Start ‘em young” is a motto that can be applied to a lot of things in life, but isn’t often used in tandem with providing financial knowledge. Changing this is the goal behind BankMobile’s second...
View ArticleUber, Green Dot & MasterCard Expand Instant Pay to Most U.S. Debit Cards
Uber announced yesterday that the Instant Pay option for its drivers has been extended to nearly all U.S. debit cards, with the help of MasterCard Send and Green Dot, the operator of the mobile-first...
View Article3 Startups to Watch: Cookies, Blendle, Neighborly
So many startups, so little time. This week, these three fintech startups stand out from the crowd for a variety of reasons: one is the first P2P lending app for Germans (a notably cash-loving...
View ArticleTop 20 Finance Apps: Stash Invest Claims Top Spot on iOS
The favorites mostly remain in the top slots for App Annie’s top finance apps this week. Credit Karma edged out Chase Mobile and Bank of America, which claimed second and third, for the top slot on...
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