Check Raises $24 Million in Series C Round to Grow Customer Base, Foster...
Check (formerly Pageonce) announced today that it has secured $24 million in a Series C financing round led by new investor Menlo Ventures. Doug Carlisle of Menlo Ventures will join Check’s board....
View ArticleValue Payment Systems is the Top Financial Services Company in the Inc. 5000
Value Payment Systems, a Nashville, Tenn.-based e-payments company, topped all financial services companies in Inc.com’s 2013 survey of the 5000 fastest growing companies in the United States. It was...
View ArticlePayPal Releases App Update That Aims to Make Payments Disappear
PayPal wants you to put your cards away. The eBay subsidiary today announced a major app update that will enhance the company’s offerings at brick-and-mortar stores and make a grab for the mobile...
View ArticleIf You Have $1 Billion, You Can Buy Braintree
In mid-July, a PayPal employee told Bank Innovation, off the record, that Braintree was “quietly being shopped around.” It’s not so quiet anymore. It seems Braintree has been looking to sell itself for...
View ArticleBiometrics on iPhone 5S Said to Fall Short for Payments
Apple Inc. is expected to launch the iPhone 5S tomorrow, but don’t presume it will make the strides in payments some had predicted. Reports now suggest that the biometrics to be embedded in the iPhone...
View ArticleTwo New P2P Startups Rely on Bitcoin, Social Media to Differentiate in...
There will soon be two more ways to use your phone instead of your wallet to pay back your friends for dinner. Two new startups offering person-to-person payment functionality have appeared on the...
View ArticleNFC Plus Fingerprint Scanners Make a Powerful Case for a Digital Wallet
The iPhone 5S will likely feature biometric security via fingerprint sensor, reports indicate, though this functionality is unlikely to play a role in payments. However, if the sensor works for more...
View ArticleFinovate Fall 2013, Tuesday Morning
Finovate is here again! Finovate Fall is taking place in New York City in the Hammerstein Ballroom. Bank Innovation is at Finovate covering all the presentations and ranking them in three categories 1...
View ArticleFinovate Fall ’13: Strong Demos from Float Money, BizEquity, Zighra & SpearFysh
Bank Innovation’s Tuesday coverage continues with the afternoon sessions. Companies are ranked on a scale of 1 to 5. SEPT. 10, AFTERNOON SESSIONS CR2 Maximizing revenue generation from the ATM channel...
View ArticleWhat’s All the Money2020 Buzz About?
As many of us gear up for Money2020, the subject of payments is top of mind as the event brings together a global community of impressive innovators in payments and financial services. Join our live...
View ArticleDelta’s New In-Air Payments System Fails to Delight Flight Attendants
Last month, Delta Air Lines gave more than 19,000 of its flight attendants Nokia Lumia 820s for in-air payments. Some flight attendants, it seems, are not pleased with the change. Avid Delta flyers...
View ArticleCFPB’S Richard Cordray is Uncompromising. Do you see a little Joe Clark in him?
The inspirational movie Lean On Me featured Academy Award winner Morgan Freeman in the role of principal Joe Clark, a no-nonsense reformer and disciplinarian who turned around a failing inner city...
View ArticleFinovate Fall ’13: Think Finance, mBank Lead the Pack
Finovate NYC continued on Wednesday, Sept. 11, with a moment of silence to remember the events of 12 years ago, which put an early hush over the hall. After this, the presentations kicked in. Day 1...
View ArticleFinovate Fall ’13: Numbrs, Pixeliris, Word Sentry and Mitek Come on Strong
The afternoon of the second day of Finovate Fall brought on fatigue, mild hallucinations, and euphoria, sometimes all at once. Our demo reviews appear below. Previous sessions from this year’s...
View ArticleEuropean Innovators Throw Down the Gauntlet: Where’s the Innovation, Americans?
The financial innovation community in the US is a jaded bunch – NFC? Nobody f-ing cares. PFM? Yawn. Mobile wallet? I’ll just use my credit card. Entrepreneurs in the US keep chipping away at pain...
View ArticleVIDEO: US Bank Launches Marketing Campaign Aimed at College Students
US Bank has launched a new marketing push aimed at university students, part of the coveted millennial generation. The video below shows a college student using person-to-person payments to get money...
View ArticleVIDEO: Dwolla Offers Credit
Payment network Dwolla has moved into the lending space with a new platform, Dwolla Credit. The Des Moines, Iowa-based company has partnered with Alliance Data Retail Services to offer the service,...
View ArticleLendio Shines at ABA’s Financial Technology Showcase
Lendio made the most of fintech’s brief moment in the sun Monday at the ABA annual convention in New Orleans. Steve Kinneally of the ABA introduced the speakers at the session, dubbed the Innovation...
View ArticleFed Survey of Bankers on How to Improve Payments Is Going Unanswered
The Federal Reserve wants to bankers’ views on payments system in the US to set future policy. If only bankers would tell them. The Fed initiated a 21-question survey, part of the “Payment System...
View ArticleIndustry Lacks Clear Vision for the Future of Payments
My fellow Americans, the state of our payments is… a mess. A panel discussion on future challenges in payments the ABA Annual Convention in New Orleans this week laid bare the lack of clarity about the...
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