The Key to Payments in China? Transparency, GeoSwift Says
EXCLUSIVE—Moving money in and out of China can be a struggle even for Chinese companies, as the country’s financial regulations continue to take a closer look at money movement. For companies based...
View ArticleInsurance Startup Trov Seeks Retail Partners as It Gears for Big U.S. Launch
EXCLUSIVE- Insurance startup Trov, might be giving customers a better option than a typical product warranty when they make a big purchase. Trov CEO Scott Walchek told Bank Innovation that the company...
View ArticleSquare Opens Manhattan Storefront to Lure Sellers
Mobile payments processor Square has gone old-school, opening up a new brick-and-mortar store. Located in Manhattan’s Nolita neighborhood, the store will show off some of the fintech’s hardware...
View ArticleAmazon Launches Cash ‘Top Up’ Service for U.K.’s Underbanked
For the approximately 1.5 million underbanked consumers in the United Kingdom, cash is still king, a fact e-commerce giant Amazon is keeping in mind with the launch of its “Top Up” service. The...
View ArticleAccenture Acquires Consultant Firm VERAX to Enhance Bank Offerings in Canada
Business management consulting company Accenture, acquired fintech consultancy VERAX, in a bid to enhance its banking technology offerings in Canada. The addition of VERAX’s technology (which delivers...
View ArticleMobile Banking Usage Keeps Growing As Branch Visits Decline
It is no secret that Mobile Banking is increasing becoming a popular way of banking for many users. Its convenience and efficiency has made it an important way of banking. In fact, in a report...
View ArticleAmerican Express Prepaid Card Technology to InComm
American Express will sell its prepaid-card technology to payments solution provider InComm Holdings, the company said Thursday. Terms of the deal, which is expected to close in the Q1’18, were not...
View ArticleCredit, Debit Cards Are Here to Stay, Fiserv Says
EXCLUSIVE—Is the end of credit, debit cards drawing near? Financial service firm Fiserv says, no. “Physical cards, they’re not going anywhere,” Sharon Pazlar, director of output solutions for Fiserv...
View ArticleNew China Regulations Could Ban ICOs
Chinese regulators are considering banning initial coin offerings altogether. As the country’s regulators — most notably the People’s Bank of China (PBOC) and the China Securities Regulatory Commission...
View ArticleBank of America Files for More Blockchain Patents
Bank of America filed for nine more blockchain patents. These filings were recently made public by the U.S. Patent and Trademark Office. In total, Bank of America now has filed for over 30 blockchain...
View ArticleMastercard, Visa Bring Payments to First Fitbit SmartWatch
Payments processors Mastercard and Visa will both enable payments on Fitbit Ionic, the first full smartwatch to be released by the company this year in October, according to separate announcements by...
View ArticleWill Fitbit Pay Recharge Wearables?
EXCLUSIVE — Will bringing contactless payments to Fitbit help give the wearable market a much-needed jolt? That’s the hope of payment facilitators like Mastercard, Visa, and American Express, at any...
View ArticleBlispay Seeks Partnership with Merchant Acquiring Banks
EXCLUSIVE — Point of sale financing provider, Blispay is looking at partnerships as its next phase of growth. Founded in 2014, Baltimore-based Blispay provides point of sale financing for customers of...
View ArticleUK SMB Challenger Redwood Bank Launches
New small business challenger Redwood Bank has launched in the United Kingdom. The bank will now offer secured SME mortgages to businesses, offering loans between £50,000 and £1.5 million, Redwood...
View ArticleOCBC Bank Rolls Out P2P Payment KeyBoard for Android [VIDEO]
Android users will soon be able to make P2P payments via any mobile app or mobile browser, thanks to the new P2P keyboard rolled out by OCBC Bank. The Singapore-based bank reportedly launched the...
View ArticleApple Pay Overpowered by Tencent’s WeChat Pay
Apple issued an official statement today stating that its mainland Chinese users will now be able to use WeChat Pay for purchases made on the App Store and for Apple Music products. The WeChat Pay...
View ArticleAutobooks is Working on a POS Prototype
EXCLUSIVE — Online receivables provider Autobooks is currently developing a prototype for the point-of-sale. Businesses will be able to use this in addition to the payment and treasury service...
View ArticleAmerican Express, InComm Holdings Meet to Strategize Prepaid Partnership
EXCLUSIVE – Atlanta-based InComm Holdings and American Express will meet today to discuss next steps for their recently announced partnership on Amex’s prepaid card business, InComm President Phil...
View ArticleSingapore Looking to Develop Common QR Codes for Payments
Singapore is looking to develop a common QR code for payments within the country, to enable transactions with the method between e-wallets, banks, and other services. Singapore’s Payment Council plans...
View ArticleShopKeep Launches Cash Advance Program to Compete With Square
EXCLUSIVE — Square Capital isn’t the only place outside of a bank for a small business to get the money necessary to grow, and ShopKeep wants its business customers to know. The enterprise software...
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