Cashless Businesses May Mean Trouble for the Underbanked
The #cashless movement is growing in cities like New York and San Francisco, where, paradoxically, a number of businesses remain “cash-only.” But as more stores go cashless — with good reason — there...
View ArticleNumber of Chinese Mobile Payments Approaches 1 Trillion
Mobile payments have been a major trend in 2017, especially for China. This comes as no surprise, with China’s expanding tech-savvy middle class causing e-commerce apps such as Alipay, WeChat and...
View ArticleWill 2018 Be Ether’s Year?
EXCLUSIVE – If 2017 was the year that brought bitcoin into mainstream finance, will 2018 be the year for ether? Powered by the Ethereum blockchain, ether started the new year on a positive note,...
View ArticleSoFi CEO, Ousted for Sexual Harassment, Forming Next Fintech Company
The founder of online lender, SoFi, who was ousted by his board just a few months ago amid sexual harassment allegations, is already working starting a new company. According to reports, Mike Cagney is...
View Article‘No Guarantee’ Payments Provider Euronet Will Pounce on MoneyGram, Company Says
EXCLUSIVE— Ant Financial’s proposed merger with American company MoneyGram is officially dead: and, as of now, the money transfer service is out of suitors for a potential acquisition. The company’s...
View ArticleAustralia’s Bankwest Opens Waiting List for ‘Halo’ Payment Ring [VIDEO]
Australian bank Bankwest has opened a waitlist for its “Halo” payment ring, the first commercial wearable device launched by the bank. The device uses NFC technology to allow users to pay: simply...
View ArticleBank of Cyprus Launches Fingerprint Card
Bank of Cyprus is now letting its customers use their fingerprints instead of a PIN to authenticate payments. Today the bank said it had teamed up with digital security company Gemalto to issue a...
View ArticleMore Financial Professionals Are Looking to Fintech Providers for Commercial...
While fintech has made headway in consumer banking, commercial applications have remained a little behind the curve. However, more professionals in finance are looking to fintech providers for...
View ArticlePFM App MoneyLion Raises $42 Million
EXCLUSIVE – PFM app MoneyLion has secured $42 million in funding for growth initiatives, the company announced. Exactly what those initiatives are, MoneyLion didn’t specify. But it is likely that part...
View ArticleChina’s Central Bank Cracks Down on Major Payment Platforms
The People’s Bank of China (PBOC) will require payment platforms to allocate as much as 50% of their total client funds in a regulated interest-free reserve. Additionally, the PBOC also said it would...
View ArticleLondon’s Fintech Sector is Top Area for VC Investment in Europe
Brexit is on its way, and PSD2 is right around the corner for the EU, and while FIs and fintechs alike are preparing for these changes, one thing is certain: investors still think of London as Europe’s...
View ArticleVisa Drops Crypto Wallet WaveCrest From its Network
Card provider Visa has dropped WaveCrest, a company that issued cryptocurrency-linked debit cards, from its network. WaveCrest, which granted physical debit cards linked to cryptocurrency wallets to...
View ArticleABN Amro Rolls Out Contactless Payment Wearables Trial to Customers
Dutch bank ABN Amro is inviting customers to test out a set of contactless payment wearables, as stage two of a pilot it started last summer. The bank is inviting 500 of its customers into this trial....
View ArticleIndian Fintech Nearby Technologies Teams with Yes Bank to Provide Cardless ATMs
Indian fintech Nearby Technologies has partnered with one of the country’s largest private sector banks, YES Bank, to launch a cardless and PIN-less Aadhaar ATM service. Aadhaar is a unique 12 digit...
View ArticleDynamics Unveils the Wallet Card, First ‘Connected Card’ at CES
EXCLUSIVE—Card company Dynamics Inc. revealed its Wallet Card, described by the company as the “world’s first” connected payment card, at the CES conference currently taking place in Las Vegas, the...
View ArticleAlibaba Group May Be Listed on Hong Kong Stock Exchange, Jack Ma Says
Jack Ma, founder of e-commerce company Alibaba Group is seriously considering listing the company on Hong Kong’s exchange, he said. Alibaba’s $25 billion IPO on the New York Stock Exchange in 2014 was...
View ArticleTransferWise to Open ‘Borderless’ Accounts and Debit Cards
British money transfer TransferWise will officially launch its “borderless” account product this year, complete with linked debit cards, the company announced. The “borderless” service allows customers...
View ArticleMobile Payments Needs to Move Past ‘Chicken-and-Egg’ Syndrome for Higher...
While mobile banking has become normal for the majority of Americans, mobile payments remain less ubiquitous in the U.S. To change that, merchants and consumers are going to have to find a way out of...
View ArticleKlarna Partners with ACI to Provide Additional Payment Features in the U.S.
EXCLUSIVE – There’s an argument made in favor of keeping plastic cards and online shopping, but Swedish payment company Klarna is not on that side, based on its recent effort to rid customers of the...
View ArticlePetal Card Raises $13M Led by Thiel’s VC Firm
EXCLUSIVE – Petal, the card designed to serve the credit invisible, has raised $13 million in funding that it will use to double its employees as the young startup tries to meet the demand of its...
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