Square Clones Duke It Out Over Mexico
It seems the competition to be Mexico’s Square clone is heating up, with the makers of two Square-like products at each other’s throats — at least online. The Mexican mobile payments product Clip was...
View ArticleBitcoin is Out of Control
A month ago you could buy a bitcoin from Mt.Gox for under $200. Last week, it would have cost you around $400. At press time today, that same bitcoin costs about $670. What’s going on? Why would any...
View Article10 Most Innovative CEOs in Banking
A common theme among innovation teams at banks is the need for “executive air cover” — a C-level sponsor for that new, uncertain initiative with a questionable ROI. The CEOs below run banks that are...
View Article10 Most Innovative CEOs in Banking, Continued
Back 6. John Stumpf, Wells Fargo. Wells Fargo & Co. is a huge bank, and as such it does what other huge banks do. It gets slapped with its share of fines and has a long list of complaints in the...
View ArticleVisa, T. Rowe Price Invest in Rewards App Yub
Yub, an online-to-offline marketer, received $12 million in funding yesterday from the likes of Visa and T. Rowe Price. Greylock Partners, a prominent Silicon Valley venture capital firm, led the...
View ArticleGoogle Continues Mobile Payments Retreat with Prepaid Card Launch
Google announced the launch of a prepaid card linked to Google Wallet yesterday. The move continues Google Wallet’s move away from contactless payments using near-field communication (NFC) and brings...
View ArticleKantox, Which Uses P2P for Foreign Exchange, Appears to Be Raising a Round
Kantox is looking to help users avoid the burn of high fees and long waits associated with foreign currency exchange by employing a person-to-person (P2P) platform to directly exchange one currency for...
View ArticleVIDEO: ‘Spaceless Wallets’ May Ease Your Despair Over Stalled Mobile Payments
Are you pessimistic about ever being able to pay with your smartphone for your groceries or dinner tab? Do you think we’ll be stuck paying with plastic forever? Don’t despair. Soon there will be the...
View Article5 Signs Financial Innovation Is Better in Asia
Silicon Valley? Tel Aviv? Maybe London? Try Asia — which is the current hotbed of financial innovation, according to an Efma/Infosys report released Oct. 21. The world’s largest continent offers a...
View ArticleBancBox Invest Says Half of Top Crowdfunding Platform Use Its API
Apparently, BancBox owns crowdfunding. BancBox launched its payments and money movement platform in 2011, using application programming interfaces, or APIs, to allow customers to collect payments and ,...
View ArticleRevoke HSBC’s Banking Charter
HSBC deserves to have its banking charter revoked, plain and simple. While America was in a turkey stuffing-induced slumber, HSBC proved through its treatment of Brett King, arguably one of the world’s...
View ArticleIsrael: Small Country, Getting Bigger in Fintech
There are signs Israel is growing in importance as a fintech hub. Bank Leumi and the Elevator fund created a Fintech Innovation Hub in Israel last April to empower local startups. Citigroup launched a...
View ArticleApple Appears to Move Closer to Launching a Payments Platform
Apple has made several feints toward becoming a full-fledged payments company in the past, and the signs keep piling up. Perhaps most telling is the Motley Fool report today that “Apple is looking for...
View ArticleChina Flexes Mobile Payment Muscles
Looking for the latest and greatest in mobile payments? Try China. Companies from the world’s most populous country have made some bold moves recently to bring digital payments into the mainstream not...
View ArticleVIDEO: Square Introduces New Card Reader
Square‘s iconic white reader has been redesigned for the first time since 2010. The reader is now 45% thinner — about the width of the iPhone 5S — and is supposed to have a higher successful swipe rate...
View ArticleWill Banking CMO and CIO Collaboration Be Critical in 2014?
CMSWire and a peer from our Portals and Social Business practice both shared a pretty cool infographic from Gartner that illustrates the need for CMO and CIO collaboration to define an organization’s...
View ArticleIs Bitcoin’s Newest Competitor JPMorgan Chase?
JPMorgan Chase made waves today with the filing — or re-filing — of a patent application for a payments platform that includes “virtual cash.” The move was first noted by LetsTalkBitcoin, which called...
View ArticleSquare Is Becoming a PayPal Knockoff
It’s getting harder and harder to tell PayPal and Square apart. San Francisco-based Square had reportedly been in the running to acquire payments processor Braintree, but lost out to rival PayPal last...
View ArticleVIDEO: Digital Banking Advances Risk of Personal Liberty Abuse, Signature...
In the headlong rush to completely digital and mobile banking, are additional risks to civil liberties being created? Scott Shay, the chairman of Signature Bank, answers that questions with a firm...
View Article11 Best Banking Ads of 2013
If you work in the financial space, chances are you notice bank ads when they come up on the tube. Which ones made you take notice this year? From the sentimental to the silly, banks occasionally...
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