PayPal Will Open Pay With Venmo to ‘Millions’ of Merchants This Year
From “select users” to “millions of merchants,” Venmo is about to make some serious strides into e-commerce. PayPal announced yesterday that it will fully roll out the Pay with Venmo feature to PayPal...
View ArticlePopularity of Customer Engagement Tools Reveals Weakness of Cores
SAN JOSE, Calif. — One of the major themes in the first day of Finovate Spring (aside from perennial favorite authentication) was customer engagement — having better discussions with customers in a...
View ArticlePlaid and Dwolla Give a Boost to ACH in the Payments Wars
There’s a war on in payments — the card networks (and their fees) vs. everyone else. In the U.S., payments innovation tends to center around cards. Uber, Square Cash, even, lately, PayPal are...
View ArticleKey to Mobile Wallet Adoption? Rewards, Samsung Pay Bets
It’s no secret that mobile wallets, although well-intended, haven’t gained much traction among consumers. In fact, a recent Accenture study suggests that 56% of North American consumers are aware of...
View ArticleMastermind Behind Fyre Festival Also Failed a Payments Company
Unless you have blocked all social media channels at once for the past few days, you have heard of Fyre Festival: a luxury, millennial-focused music festival (tickets sold for up to $12,000) that...
View ArticlePayPal Wants SMBs to Get Excited About ‘Business in a Box’
PayPal wants this to be the year it grows closer with merchants and small businesses. The payments company launched what it’s calling “Business in a Box” for new small businesses — a specially tailored...
View ArticleApple Pay Transactions Skyrocket Amid Global Expansion
Mobile wallet adoption may not be gaining traction for most, but Apple is an exception. During the quarterly earnings call yesterday, the tech giant unveiled Apple Pay growth stats from its global...
View ArticleSquare Capital Grew 64%, Driving Company Revenue
The lending business appears to be treating Square well. The division of the company responsible for providing loans to small businesses and Square sellers across its global network, Square Capital,...
View ArticleWells Fargo Customers Are Largest Users of Debit, Pre-Paid in the U.S.
Consumers are clinging to their physical cards, and Wells Fargo customers especially. Wells Fargo customers were the largest users of debit and pre-paid cards in the U.S. in 2016, according to Nilson...
View ArticleCongressman Randy Hultgren to Keynote ABA Payments Forum
WASHINGTON — Rep. Randy Hultgren (R-Ill.) will keynote the American Bankers Association’s inaugural Payments Forum, to be held on June 22-23 in Washington, D.C. Hultgren, co-chairman of the bipartisan...
View ArticleAffirm Looks To Launch Everyday-Use Virtual Cards
Affirm, the lending startup that provides loans at the POS, is looking into launching everyday-use virtual credit cards, Bank Innovation has learned. The company, launched by a PayPal cofounder Max...
View ArticleStarling Bank Makes a B2B Push With Real-Time Payments
U.K. businesses vying for faster payments might want to take a look at Starling Bank. The bank’s new B2B payment service will enable businesses to have access to the Faster Payments network, the...
View ArticleAliPay Expands to Four Million U.S. Merchants
Alipay is now available at the POS at millions more U.S. businesses. Chinese mobile payments behemoth Alipay continues targeting North American growth by leveraging its existing partnerships. The...
View ArticleP2P Is the New Social ‘Norm,’ BofA Says
Thanks to the likes of Venmo and (soon) Zelle, real-time, person-to-person payments are now an expectation for consumers. In fact, P2P has become the new social ‘norm,’ Bank of America claims....
View ArticleFIs Should Keep An Eye On Alexa, Before It Goes Full ‘Star Trek’
Alexa now has about 12,000 skills on its platform (the 10,000 milestone was in March) since opening it up to developers in 2015, according to Ford Harris, senior business development manager at Amazon...
View ArticleGreen Dot Is the Only Fintech Player Who ‘Has It All,’ Says CEO
Green Dot has had its share of trouble in recent years — MoneyPak fraud, the attempted ouster of CEO Steve Streit, and strong entrants taking it on its core competency of prepaid cards. But none of...
View ArticleWorldRemit Now Handles 75% of Mobile Remittances, Looks to Add Android Pay
WorldRemit now moves 74% of all international remittances sent to mobile money accounts. The global money transfer service is connected to one-fifth of all mobile money accounts across the world....
View Article5 Chinese Fintechs Making Waves in the U.S.
From investing, to new payment services, to money transfer acquisition love triangles, Chinese fintech is having a bigger and bigger crossover with the U.S. fintech scene. With that in mind, here are...
View ArticleWould You Like to Set Google As Your Default Financial Institution?
Consumers can now use their Google credentials to make online and mobile payments via a stored credit card. The tech giant unveiled the tool yesterday, during its annual I/O developer conference in...
View ArticleExclusive: Join the INV Beta to Test the Latest in Fintech
Would you like a glimpse into the future of fintech? Today, Bank Innovation invites its readers to join the exclusive beta group of INV Fintech, this site’s sister accelerator. Our startups often look...
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