PayPal Launches Cashback Credit Card
PayPal launches its first cash-back credit card called PayPal Cashback MasterCard in the U.S. exclusively for PayPal members in a effort to increase usage in online and physical stores. The card will...
View ArticleAmex Creates New Tools to Entice Debt-Wary Consumers
American Express has tailored new features aimed at luring more budget-conscious consumers into taking on credit card debt. The features, announced yesterday, include an option that allows users to...
View ArticleWEX Gains EU E-Payment License
Corporate payment provider WEX has secured an e-payment license from the Financial Conduct Authority, an E.U. Regulator. The license makes its possible for the company to offer payments within Europe,...
View ArticleRoyal Bank of Scotland to Open Innovation Lab in London
EXCLUSIVE- Royal Bank of Scotland will unveil an Open Experience center in London to facilitate interaction with fintech entrepreneurs, Kevin Hanley, Head of Innovation at the bank told Bank...
View ArticlePlaid Introduces New SDK Tool
Fintech company Plaid, which offers APIs to fintech companies that enables them to develop apps, is now offering a new tool that lets enterprise developers do the same. According to a report today by...
View ArticleFirst FitBit, Now Garmin Releases Smartwatch with Payments
EXCLUSIVE – Add another fitness focused tech wearable to MasterCard’s list. Today, wearable maker, Garmin International announced a new smartwatch, Vivoactive 3, that will have a contactless payment...
View ArticleAnt Financial Digs in its Heels in Mobile Payment Battle Against Tencent
Ant Financial, which operates Chinese internet giant Alibaba’s Alipay mobile payment app, just made two maneuvers to gain ground in its war against Tencent for dominance of the Chinese mobile payments...
View ArticleUBS Virtual Currency Initiative Adds New Banks
A virtual currency initiative led by UBS Group AG has gained six new members, including banks Credit Suisse and Barclays, to further develop the initiative’s Utility Settlement Coin project. Other...
View ArticleVisa Suspends CryptoCards Xapo And Shakepay Outside of the EU
Visa has halted two cryptocurrency card providers, Xapo and Shakepay, from providing their services to customers who live outside of the borders of the European Union. The two services, which provide...
View ArticleChinese and Indian Fintech: An Unexpected Partnership
India may overtake China as the world’s leader in fintech service adoption, according to a report released by Ernst & young, entitled EY FinTech Adoption Index 2017. The report analyzes different...
View ArticleNew Amex Debit-Like Features Seek to Entice Millennials
EXCLUSIVE—With the new “Pay It, Plan It” features announced this week, credit provider American Express is banking on a more debit-like functionality to gain customers. But will that approach work?...
View ArticleReport Suggests Venmo Causes Huge Spike in P2P Payments in U.S.
The advent of Venmo and now Zelle is having a huge impact on peer to peer payments mobile payments according to a recent study by eMarketer. The report, which was released late last week, shows an...
View ArticleU.K. Challenger Starling Bank Now Supports Android Pay
Mobile-first U.K. neobank Starling Bank has integrated Android Pay into its app, allowing Starling customers to use the digital wallet to make mobile payments. Customers can use Android Pay for...
View ArticleUSA Mobile Wallet Adoption Is Growing, But Slowly
Mobile wallet usage is increasing across the globe, but for countries with more fleshed-out credit card networks, that growth is still slow. This is according to the second part of the Global Consumer...
View ArticleInside The Royal Bank of Scotland’s Innovation Strategy
EXCLUSIVE – Traditional banks cannot afford to ignore fintechs. What started out as a nascent subsect of the broader financial space is now at the forefront of how people bank. The impact of fintechs...
View ArticleBank of America’s New App Unveils Cardless ATM Withdrawals, PFM Tool
EXCLUSIVE – Bank of America’s mobile app got a makeover today with a set of new features including a cardless ATM option. On Wednesday, the bank announced a slew of new features in an effort to enhance...
View ArticleSquare to Create Industrial Bank, Square Financial Services Inc
Mobile payments processor Square is filing an application to create an industrial loan company with the Federal Insurance Corporation. The move, which will reportedly take place today, will allow...
View ArticleMoneyGram MobilePass Expands to 35k Locations
Money transfer service MoneyGram is expanding MobilePass, its mobile money transfer product, to include all of its U.S. locations. The product allows MoneyGram customers to first initiate a transaction...
View ArticleMambu Enters Retail Banking Space with N26 Collaboration
EXCLUSIVE – SaaS banking engine, Mambu announced its first major step into the retail banking space through its collaboration with German mobile bank N26. On Thursday, Mambu announced that N26 is using...
View ArticlePayment Processor Vantiv’s Latest Digital Issuing Product
EXCLUSIVE – Payments processor Vantiv is gearing up to reveal a new digital issuing product early next year that will allow users to download a digital credit card within minutes of opening a bank...
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