MoneyLion Wants to Help Americans Save With New Investment Tool
EXCLUSIVE- PFM app MoneyLion today launched an investment tool called MoneyLion Plus, that aims to help the average American save money. “How do you save money? How do you invest? A lot of people...
View ArticleFacebook Launches Messenger P2P Payments in the U.K.
Social media mogul company Facebook has launched P2P payments through Facebook Messenger in the U.K. today. The U.K. is the next market to have the service, after Facebook first launched the payments...
View ArticleApple Launches P2P Payments, Competing with Zelle, Venmo
Apple has launched its person-to-person payments service in the U.S. The feature lets users send and receive money through iMessage. Apple’s payments offering is now available in iOS 11.2 beta. Users...
View ArticleGreen Dot’s Bank-as-a-Service Scores Deals with Apple, Intuit
EXCLUSIVE – Green Dot has leveraged its bank-as-a-service in deals with both Apple and Intuit. The company announced on its earnings call yesterday that it was powering the newly announced Apple Pay...
View ArticleU.S. Bank Adds Mobile Location Service in Time for Holiday Shopping
EXCLUSIVE – U.S. Bank added a location service to its mobile service that will include all the bank’s credit, debit, prepaid and digital cards. The new feature is part of the bank’s larger strategy of...
View ArticleNew AI-Driven Credit Model for LendingClub Spooks Investors
EXCLUSIVE— Online lender LendingClub Corp. reported revenue at an all-time high, growth in loan originations, and declining losses during its third quarter earnings yesterday, but its guidance for the...
View ArticleBNP Paribas Integrates WeChat Pay, Year After Its Alipay Launch
EXCLUSIVE – BNP Paribas opened Chinese mobile payment service WeChat Pay to its retail partners in Europe today. The payment solution will first debut at two flagships stores owned by retail...
View ArticlePayPal Is Now Available in India for Domestic Operations
PayPal today announced that it would be available for domestic payments in India. The service has already been available in India for cross-border transactions, but starting today Indian customers can...
View ArticleInvestors Need to Watch Square’s Service Business
EXCLUSIVE — With payment volumes and revenue on the up, payments company Square had another positive quarter yesterday as it reported its third-quarter earnings. However, company investors and...
View ArticleBank of America Lays Foundation for Merchant Payments-Focused Lab
EXCLUSIVE – After its recent partnership with digital product Innovation Company Stuzo, Bank of America’s merchant services business is laying the foundation for an innovation lab. “It [the...
View ArticleNational Bank of Australia to Hire 600 Tech Experts to Compete with Fintech...
The National Bank of Australia (NAB) will create 600 new technology jobs. This announcement comes just a few weeks after the bank said it was cutting 4,000 jobs. The new job additions will help the...
View ArticleGoldman Sachs CEO is the Latest to Call Bitcoin a Bubble as Currency Dips...
Goldman Sachs CEO Lloyd Blankfein is the latest banking executive to raise concerns over bitcoin, as the currency shot down below its previous high of $7,000 today. Blankfein said “maybe bitcoin is...
View ArticleAlipay Dominates Alibaba Singles Day With 90% of Transactions
China’s Alibaba Group processed nearly 1.5 billion transactions yesterday during its Singles Day shopping event, with most of these transactions taking place over the group’s mobile payment platform,...
View ArticleUsers Can Now Crowdfund Purchases Through PayPal Money Pools
Payments company PayPal has announced a new feature that allows users to crowdsource funding for a personal life event, group purchase, or expense through their PayPal account. The new feature, called...
View ArticleICOs Are Already Revolutionizing Fintech, Moeda CEO Says
EXCLUSIVE—Investors don’t need to wait for Initial Coin Offerings to reach their full potential: ICOs are already redefining how businesses in certain markets operate, Taynaah Reis, CEO for cooperative...
View ArticleBarclays Partners With Fintech Flux for New Digital Receipts Feature
EXCLUSIVE – British bank Barclays is teaming with fintech startup Flux in a trial that allows users to view digital itemized receipts in real-time. The trial will take place on the Barclays’ Launchpad...
View ArticleStandard Chartered to Power Banking Chatbot with Kasisto’s KAI Platform
Standard Chartered bank has plans to create a banking chatbot using Kasisto’s KAI banking platform, the bank announced today. The chatbot will use KAI, a conversational AI service developed by...
View ArticleSingapore Bank Consortium Releases Blockchain Prototypes to Promote Faster...
A consortium of banks in Singapore led by the Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS), made public three blockchain prototypes on inter-bank payments in...
View ArticleU.S. Banks Officially Launch Their Realtime Payment System
The realtime payments system created by The Clearing House, owned by U.S. banks, is officially up and running as of yesterday, according to the banks. BNY Mellon and U.S. Bank carried out the first...
View ArticleAlipay Follows Chinese Tourists to Vietnam
EXCLUSIVE- One day after announcing its best “Singles Day” shopping event sales figures yet, Chinese mobile payment app Alipay said today that it was making its way to Vietnam. The decision to launch...
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