Monetizing Venmo Could Lead to Millennial Trouble for Zelle (and Banks)
EXCLUSIVE— Is Zelle in trouble? PayPal’s third quarter earnings, specifically the quarterly results of its popular P2P app Venmo, seem to suggest that the answer is yes. The banks’ Venmo challenger is...
View ArticlePayPal Expands Partnership with Facebook Messenger, Introduces P2P Payments
PayPal is continuing to drive forward with mobile and digital payments, announcing an expansion of its partnership with social media service Facebook that will allow users to send and request money...
View ArticleAlipay and Chase Partner Up to Serve Chinese Tourists Abroad
Alipay announced today that its users will now be able to use their Alipay Mobile Wallets for to make purchases from JPMorgan Chase merchant clients. The app, supported by Chinese fintech giant Ant...
View ArticleJPMorgan Chase Pilots New Mobile App for Branchless Banking
JPMorgan Chase has created a new mobile app for younger users, specifically those who don’t currently live near a Chase bank branch. The app, dubbed ‘Finn’ by the bank, allows customers to perform all...
View ArticlePOS Lender Affirm Launches New Mobile App
EXCLUSIVE- Point-of-sale financier Affirm today launched its mobile app as it looks to strengthen its online business. The app, which Bank Innovation first reported about in August, is available today...
View ArticlePersonetics Offers AI-Driven ‘Nudge’ to Help Pay Down Student Debt
EXCLUSIVE—With over 44 million U.S. borrowers looking to repay more than $1.4 trillion in student loan debt, having financial services that could help with the process is a serious concern for both...
View ArticleZelle Reports P2P ‘Surge,’ Partners with IBM
Payments network Zelle is growing fast, reporting an increase in transactions and new users as well as new partnerships. The network has now processed over 60 million transactions in person-to-person...
View ArticleFacebook Can Now Use Visa Token Service for Payments
Continuing its development of financial technologies on its platform, social media firm Facebook has joined a Visa program that enables the network to access its Token Service for payments, Visa...
View ArticleStartup Finn.AI Raises Funds, Launches Virtual Assistant with ATB Financial
EXCLUSIVE – Virtual banking assistant, Finn.ai has been on roll. Not only has its collaboration with Canadian bank ATB Financial come to fruition today with ATB launching its virtual banking assistant,...
View ArticleStartup Deserve Gets $12 Million, Launches Credit Card
EXCLUSIVE – Add another credit card catering to the “credit-invisible” younger generation. That card is called Deserve Pro. Based in Menlo Park, California, the card is being launched today by its...
View ArticleWirecard Integrates Mobile Wallet With Apple, Android and Samsung Pay
EXCLUSIVE – Wirecard launched its mobile wallet integration with Apple Pay, Android Pay and Samsung Pay at Money 20/20 in Las Vegas. This comes as the digital payments-focused company prepares to go...
View ArticleBritish Neobank Monzo Now Offers Android Pay
U.K.-based neobank Monzo has added support for Android Pay, allowing customers to make payments through the digital wallet using a Monzo debit card. The integration is available for those Monzo users...
View ArticleBlockchain Startup Nuggets Opens ICO, Accepting Ether, Bitcoin and… Cash?
EXCLUSIVE— Consumer blockchain startup Nuggets has just begun its ICO pre-sale, inviting users to purchase Nuggets Tokens to raise money for the startup’s development. “The funding will be [used] for...
View ArticleUber Teams Up With Barclays To Launch Credit Card in U.S.
EXCLUSIVE – First comes Uber, an on-demand car service, then UberEATS and now a credit card? Yes, that’s right, the car service app has teamed up with U.K. bank Barclays to launch its own credit card....
View ArticleFintech Revolut Is Adding 40 New Businesses A Day
U.K.-based fintech Revolut is onboarding 40 new firms to its service per day, registering a total of 16,000 business customers since it first opened its Revolut for Business application in June. The...
View ArticleUsers Prefer PayPal Over Apple Pay When It Comes to Digital Wallets
Digital wallet adoption is slowly on the rise, and payments provider PayPal seems to be the most popular choice for users. Users of the PayPal digital wallet far extend users of its closest...
View ArticleHome Rental Fintech Rentberry Seeks $30 Million in ICO
EXCLUSIVE – Blockchain-based rental payments platform Rentberry is looking to raise $30 million in an Initial Coin Offering (ICO) next month, Bank Innovation has learned. The ICO is set to take place...
View ArticleA London Office And B2C Product, AI Fintech Clinc Has Big Plans
EXCLUSIVE – Financial services-focused conversational AI company, Clinc is contemplating a B2C product, Clinc CEO and co-founder Jason Mars told Bank Innovation. Fresh after winning “Best in Show” at...
View ArticleNew Payment APIs, Tez Growth, Mobile Expansion Could Point to Bigger Fintech...
EXCLUSIVE— Is Google looking to become a fintech power? The company, which reported strong results for its third quarter yesterday, seems to be expanding its focus on finance, specifically on platforms...
View ArticleWestpac First Large Australian Bank to Create its Own Wearable Devices
Australian bank Westpac has created its own line of wearable devices, under the name ‘PayWear,’ to enable ‘tap and pay’ payments for its customers. Westpac PayWear, a wrist band, does not rely on Apple...
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