Zelle Only Latest in Long Line of Innovation, BofA Says
Zelle — dubbed the “Venmo killer” — made a quiet, white-labeled arrival on Bank of America’s mobile app this week. The bank integrated the gazelle of P2P payments (it’s funny because of its speed and...
View ArticleBMO Harris Adds P2P Payments to Its App
BMO Harris seems to be on (digital) track. The bank announced the launch yesterday of People Pay – an instant peer-to-peer money transfer service for its mobile app users. The service is free, as it is...
View ArticleIn MoneyGram, Ant Buys Into Old Payments
Is Ant Financial hitching its global expansion to an antiquated payments wagon that is being undermined by a wide range of remittance startups? That appears to be case for Ant’s proposed $880 million...
View ArticleEarly Registration Ends Today for Bank Innovation ’17
Don’t miss your chance to secure your spot at Bank Innovation 2017 for the lowest available rate, and join attendees from companies already registered, such as: BBVA Braintree Capital One JPMorgan...
View ArticleDigital Usage Accelerates at Fifth Third
Online and mobile usage is soaring at Fifth Third. More than 60% of all transactions are currently made through digital channels, the company said during its fourth-quarter earnings call on Tuesday....
View Article3 Major Takeaways From PayPal’s Earnings
From new apps to surprising partnerships, PayPal has had another buzzing quarter. The payments giant ended the year with 197 million active customer accounts, adding 5.4 million new accounts last...
View ArticleButton Begins Move Into Payments to Push M-Commerce Forward
The goal of seamless m-commerce between apps is stuck on several factors, but one key hurdle is payments. Startup Button is looking at ways to fix this problem. With $20 million in new funding from...
View ArticleCryptocurrencies Look Toward a Cashless World for Mass Adoption
Blockchain is here to stay, in some capacity or another, but what’s less clear is the fate of cryptocurrencies. Bitcoin, ether, Zcash, and like coins could fade into oblivion — or be the mainstream...
View ArticleWells Fargo Head of Digital Experience Marie Floyd to Speak at Bank...
Marie Floyd, Senior Vice President and Head of Digital Consumer Experience at Wells Fargo, is set to speak at Bank Innovation 2017. Floyd is responsible for customer insight and digital applications at...
View ArticleBlispay Doubles Merchant Network, Plans New Finance Terms
Applying for financing or credit cards at the POS at retail giants such as Best Buy is a no-brainer. Small and medium-sized merchants, however, don’t usually have that option. Blispay – launched in...
View ArticleInvestors Bet on Altcoins by Buying Hash Power
Bitcoin is notoriously volatile, making it dangerous to use it as a currency. That fraction of a coin that buys you a pizza this week might bring two the next (though you would starve if you waited...
View ArticleMasterpass Enabled 80 Million Accounts, 10,000 SME Merchants in 2016
When Mastercard fully rolled out its digital wallet last year – into the overcrowded market – it was unclear whether the company would be able reach the adoption goals set out by CEO Ajay Banga. But it...
View ArticleApple Sees ‘Record’ Growth in China; But Is Still in Ant’s Shadow
Apple’s plans for China seem to be going—well, going. During the company’s Q1 2017 earnings call yesterday, CEO Tim Cook reported record revenue for the quarter at about $78.4 billion. $7.2 billion of...
View ArticleWill Facebook’s Payments Revenue Ever Be The Same?
Facebook’s payments revenue has been on a steady decline since users stopped obsessing over desktop video games like Farmville and Cityville. Will we ever see the social media giant revive that revenue...
View ArticleKuhlmann to Head Up Banking as SoFi Transitions to ‘Neobank’
The CEO of mobile-only banking company Zenbanx will be staying on during the company’s merge with SoFi, where he will eventually take charge of the new products offered. “I’m going to be staying on,...
View ArticleEven Visa Thinks There Are Too Many Mobile Wallets
PayPal, Venmo, Google Wallet, Apple Pay, IBM Pay, Walmart Pay, Samsung Pay—the mobile wallet market just keeps on going and going, but according to Visa’s new CEO, that’s not necessarily what consumers...
View ArticleSnap May File for Payments License in U.S.
In the more than 170 pages of Snap’s IPO draft, its P2P payments service, Snapcash, received a mere paragraph. Snapchat’s parent company will look to apply for a payments license in order to “mitigate...
View ArticleMeet the New Technologies Demoing at Bank Innovation 2017
Companies from a wide range of fintech are finalists in the demo contest at Bank Innovation 2017, the event announced today. The finalists were chosen from applicants from around the world. A total of...
View ArticleINV Fintech Launches New Monthly Podcast
INV Fintech, the sister accelerator to this site, is pleased to announce its inaugural episode of INV Unfiltered — a new monthly podcast series, which will cover current trends and intriguing topics in...
View ArticleTramonex Labs To Use Smart Contracts for Cross-Currency Money Transfer
Regulators are waking up to the potential of blockchain, just in time for the rise of smart contracts. Tramonex Labs, a London-based fintech, has announced today that it has been granted a registration...
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