Visa, Amazon Partner to Bring Better Data to B2B Clients
The real problem with data nowadays is how to make sense of it. That’s why Visa and Amazon have partnered together to enable more transparency in transaction data for Amazon Business account holders....
View Article8 Best New Financial Apps 2017
P2P, e-commerce, InsurTech, and neobanks–2017 is certainly shaping up to be a great year to shake up your smartphone contents with the latest fintech novelties. Of course, keeping a watch on the best...
View ArticleMastercard VocaLink Acquisition Will Better Combat ACH Fraud
Global payments processor Mastercard has just received approval to acquire VocaLink, a move that will enable the company to both expand its payments network, and provide an increased amount of customer...
View ArticleWill Merchants Hand Over More Data to Make Mobile Wallets Work?
Online retailers have several advantages over their brick and mortar counterparts. They have lower costs, plus a place on the smartphone screens (and in the hearts) of younger shoppers. In a recent...
View ArticleAnt Fires Back Against Euronet’s ‘Political Attacks’ Over MoneyGram
Ant is not impressed with Euronet’s recent moves in its tug-of-war over MoneyGram. Ant released a statement this morning aimed at “setting the record straight on Euronet and its hostile proposal” for...
View ArticleApple Pay Users to Double in 2017
Fighting for marketshare in the mobile wallet space is not getting any easier. According to a recent report, Apple tops the charts with its digital wallet, and is expected to nearly double Apple Pay...
View ArticleChase, Wells Report Strong Mobile User Growth
JPMorgan Chase and Wells Fargo are certainly on the right track to becoming #MobileFirst. Both banks reported their first quarter 2017 earnings this morning, demonstrating strong mobile user numbers...
View ArticleZelle Makes Play for Top Spot in P2P with $55B in Transactions
Zelle, the person-to-person payments network launched by Early Warning, reported today that it processed 170 million transactions in 2016, proving what the fintech majority already knows: consumers...
View ArticleBank of America Customers Have Sent $8 Billion in P2P Payments
Bank of America’s mobile customers are fast embracing P2P. “We remain a leader in digital banking and continue to see strong digital growth,” said Paul Donofrio, Bank of America’s chief financial...
View ArticleWells Fargo’s Take on Joining PayPal and Android Pay for Its Mobile Customers
Wells Fargo is bringing PayPal to the point of sale. The bank’s mobile customers will now have the ability to make purchases through the mobile wallet in-store, as well as through mobile and online...
View ArticleWhatever Happened to the TransferWise Messenger Bot?
Facebook’s Messenger platform has certainly been in the spotlight of financial services industry recently. And understandably so: the platform claims to have 1.2 billion active users, while Facebook...
View Article5 Financial Services Bots Launched at Facebook F8
The 100,000 chatbot-strong platform Facebook Messenger gained a few new friends yesterday, during the social media giant’s F8 Developer conference. The Messenger platform has become the prime landing...
View ArticleAliPay, WeChat Processed $3 Trillion in 2016
Chinese consumers sent about $3 trillion in payments through Alibaba and Tencent payment services in 2016. According to a new report released by the UN-based Better Than Cash Alliance, users sent $1.7...
View ArticleInnovation Still Centers on Cards as Mobile Payments Languish
Cards may be fumbling at the innovation game, but they’re still the center of the payments world, while mobile payments remain a geeky sideshow. Another all-in-one card ran out of cash this week — the...
View ArticleConsumers Aren’t Ready for Alexa to Handle Their Finances
“Alexa, don’t pay my Citi bill.” Most U.S. consumers are still not ready for personal, AI-enabled assistants, such as Alexa or Siri, to take control of their financials, according to a survey conducted...
View ArticleFor Most Millennials It’s (Still) Venmo or Nothing
Money payment apps have gained enough momentum to prompt banks to come up with their own millennial-focused money movement solutions. But despite all the effort FIs put in duplicating the seamless...
View ArticleAT&T May Soon Offer In-Car Payments Via Digital Currencies
We’ve already seen several major carmakers jump into the IoT, showcasing in-vehicle payments tech. Most recently, Jaguar and Shell showcased fuel payments tech in the U.K.; Honda and Visa had their...
View ArticleMost Consumers Use Mobile Banking Just to Check Balance
That bank’s mobile app has a killer P2P feature—too bad most consumers are busy checking their balances. According to the April Monkey Insights report released this week by Malaluzai software, checking...
View ArticleFIS Wants to Tackle Real-Time Payments with Incubator
Real-time payments have become not just an expectation, but the norm when it comes to picking a financial institution—both for individual consumers, and business clients. Is the solution to smoother...
View ArticleConsumers Want to Know the Social Impact of Their Spending, Aspiration Says
“Where is my money going?!” is a common enough shopping refrain, but consumers might be doing more than lamenting bad spending habits. According to “socially conscious” bank Aspiration, consumers are...
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