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PayPal’s Future Will Be Built on Partnerships

PayPal’s Future Will Be Built on Partnerships

by July 22, 2016 at 10:58 am 0 comments

PayPal‘s partnership with Visa is only the beginning, according to CEO Dan Schulman. The payments industry was awash in rumors of a PayPal-Visa partnership this week, and yesterday, when both companies reporting their Q2 earnings, the rumor was shown to be true. Exact terms of the deal were not disclosed.Read More

PayPal Signs Exclusive 12-Month Deal with Visa

PayPal Signs Exclusive 12-Month Deal with Visa

by July 21, 2016 at 6:36 pm 2 comments

When Visa CEO Charlie Scharf said his company would “go after PayPal in ways that people have never seen before,” he apparently meant he was pursuing a partnership. That deal was announced today, and means Visa will get access to PayPal payment processing and Venmo, and essentially become the preferred payment typeRead More

Breaking Banks: FinTech + InsurTech = SuperTech! [AUDIO]

Breaking Banks: FinTech + InsurTech = SuperTech! [AUDIO]

by July 21, 2016 at 6:04 pm 1 comment

Host Liz Lumley takes a look at InsurTech and speaks to Ofer Deshe, CEO of Tobias & Tobias, David Stubbs, CEO of RightIndem, and Risto Rossar, CEO of Insly.

How Will Banks Secure the New Channels — Messaging, Video, Chatbots?

How Will Banks Secure the New Channels — Messaging, Video, Chatbots?

by July 21, 2016 at 12:50 pm 2 comments

The first video banking call crossing the Atlantic took place this week. A new virtual assistant (TouchAssist) and a new personal finance chatbot (Trim) both launched yesterday. Facebook Messenger recently reached 1 billion users — and 18,000 bots. There are more ways for customers to talk to banks than everRead More

Tech Spending at Amex Continues to Climb

Tech Spending at Amex Continues to Climb

by July 21, 2016 at 12:14 pm 0 comments

While the headline out of American Express‘s earnings yesterday was the $1 billion of gain from the sale of its Costco Wholesale Corp. credit portfolio, the underlying story — at least from an innovation perspective — was the continued increase in technology spending at the payments giant. Amex records itsRead More

Regions to ‘Refresh’ Digital Offerings as Avant Comes Online

Regions to ‘Refresh’ Digital Offerings as Avant Comes Online

by July 20, 2016 at 11:24 am 1 comment

Regions Financial Corp. is using its upcoming Avant deployment as an opportunity to “refresh” its digital offerings. The bank’s CEO, Grayson Hall, said yesterday during the company’s earnings call that the Avant loan application service will go live next month. The Regions-Avant partnership was announced last April. “[W]e’re in the process evenRead More

TouchCommerce Launches Virtual Assistant (Just Don’t Call It a Chatbot)

TouchCommerce Launches Virtual Assistant (Just Don’t Call It a Chatbot)

by July 20, 2016 at 10:37 am 1 comment

TouchCommerce, which serves many Fortune 500 companies with customer engagement tools such as livechat and FAQs, launched a virtual assistant today called TouchAssist. By the end of the third quarter, TouchAssist will be live at a Top 3 bank, CMO George Skaff told Bank Innovation. With its other tools, TouchCommerce already servesRead More

Will deposit accounts be the next wave of fintech innovation?

Will deposit accounts be the next wave of fintech innovation?

by July 20, 2016 at 3:58 am 0 comments

Image Credit: TaxRebate.org.uk There’s one sector of finance that really doesn’t get a lot of airtime when it comes to fintech – deposits. Checking accounts, savings accounts, transaction accounts – while they’re the bread and butter of banking, they’ve been relatively untouched since they were first invented. You put moneyRead More

Wells Fargo Wallet Goes Live on Android (Sorry, iPhone Users!)

Wells Fargo Wallet Goes Live on Android (Sorry, iPhone Users!)

by July 19, 2016 at 4:45 pm 2 comments

Another bank is live with a digital wallet. Wells Fargo & Co. joins JPMorgan Chase and Capital One in launching a bank-branded mobile payment platform, or digital wallet. These instruments for making transactions via mobile phone are meant to compete with PayPal, which has been abuzz lately with rumors of a possibleRead More

Civic Aims To Kill SSNs As a Form of Authentication

Civic Aims To Kill SSNs As a Form of Authentication

by July 19, 2016 at 10:00 am 1 comment

Have you used your social security number lately? Has anyone else used your social security number? How would you know? A company launching today called Civic wants to keep you informed on this. If a social security number becomes “compromised” — meaning known —  its owner is at significantly elevated risk of havingRead More