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Apple Pay Available in an Estimated 652,000 Locations

Apple Pay Available in an Estimated 652,000 Locations

by January 28, 2015 at 11:33 am 0 comments

Apple Pay was launched last October and is now available in — brace yourself — approximately 652,000 North American locations, according to an estimate made public yesterday. Brian Roemmele, arguably one of the more well-versed payments experts in the nation, indicated that he made the estimate based on some difficult legwork,Read More

The Creative Economy, Micropayments and Bitcoin

by January 28, 2015 at 12:47 am 1 comment

About 40% of the labor force in America will be self employed by 2020. Globally, including the developing world, well over 50% is self-employed. Whatever you call it – the free agent economy or the on demand economy or the capital crushes labor economy – it is a reality that banksRead More

Phablets to Become Dominant Mobile Banking Device by 2020, C&G Says

Phablets to Become Dominant Mobile Banking Device by 2020, C&G Says

by January 27, 2015 at 10:01 am 1 comment

Phablets could dominate mobile banking within five years. Tablet use, on the other hand, will decline. That’s according to research released today from the financial consultancy Carlisle & Gallagher. C&G says that Americans are increasingly performing digital banking transactions interchangeably across laptops, tablets, and smartphones, including the growing category ofRead More

Transferwise has its billion-dollar unicorn headline

Transferwise has its billion-dollar unicorn headline

by January 27, 2015 at 5:15 am 1 comment

I did learn a few journalist skills and habits in my year as COO of ReadWriteWeb. One was to be wary of being spun. The other was to dig below the surface. Over two months ago, on November 10th, a couple of “news” sites reported something along these lines: “Sequoia Capital, the Silicon Valley venture…Read more Transferwise has their $ billion fintech unicorn headline two months after the teaser headline

The Secret Wearable Watch Use Case [VIDEO]

by January 26, 2015 at 10:28 am 1 comment

Intuit, purveyor of QuickBooks and Mint, among many other ventures, quietly released its vision for a banking-enabled watch a few weeks ago. How quietly? Try the video that demos its vision from its Intuit Labs skunk-works unit had 25, yes 25, views as of this morning. That the demo video features noneRead More

Zidisha takes a radical approach to the global underbanked market

Zidisha takes a radical approach to the global underbanked market

by January 26, 2015 at 4:04 am 2 comments

Banks are worried that Fintech startups will “eat their lunch”, cherry picking their most valuable customers one service at a time. Instead of thinking defensively in traditional red ocean markets, they could be looking at blue ocean markets that they are not serving today. One of the biggest blue ocean markets is the underbanked. These…Read more Zidisha takes a radical approach to the global underbanked market

Bill Gates Explains Why Worldwide Mobile Banking Is a Worthy Goal [VIDEO]

by January 23, 2015 at 2:38 pm 2 comments

What’s on Bill and Melinda Gates’ new long-term, 15-year roadmap for the challenges that they want to solve? Well, advancing mobile banking for one. In this video, Bill Gates explains why.

Cap One’s Warning: ‘Near-Term’ Digital Investment Is ‘a Negative Trade’

Cap One’s Warning: ‘Near-Term’ Digital Investment Is ‘a Negative Trade’

by January 23, 2015 at 11:10 am 1 comment

No one would accuse Capital One Financial Corp. of skimping on its innovation efforts and budget. Cap One was one of the first banks to start a lab, was essentially founded as a technology-first company, and continues to push the innovation envelope. So when Richard Fairbanks, the chairman, president andRead More

Starbucks Confirms Nationwide Roll Out of ‘Mobile Order & Pay’ in 2015

Starbucks Confirms Nationwide Roll Out of ‘Mobile Order & Pay’ in 2015

by January 23, 2015 at 11:01 am 1 comment

Starbucks will roll out its Mobile Order and Pay service nationwide this year, the company announced yesterday. Starbucks started the program last month, but has greenlighted its rollout into more than 600 stores in the Pacific Northwest “in the months ahead.” Its full nationwide rollout will take place before yearend.Read More

Why the Wharton FinTech Initiative Matters

Why the Wharton FinTech Initiative Matters

by January 23, 2015 at 2:03 am 1 comment

Philadelphia was not on my radar screen until regular reader Steve Weiner reached out to tell me about Wharton FinTech, the “first student-led initiative dedicated to promoting ideas, innovation and investment in FinTech”. I think this is significant for 3 reasons: If you want one word to explain Silicon Valley success it is – Stanford.…Read more Fintech City Tour goes to Philadelphia to see Millenials creating Fintech close to Wall Street

4 Screenshots From Ally’s New Online Banking Platform

4 Screenshots From Ally’s New Online Banking Platform

by January 22, 2015 at 11:56 am 0 comments

Ally Bank announced today that it has launched a redesign on its online banking platform. Ally has around 910,000 banking customers and about half of them use its online banking service. Most Ally customers use both online and mobile banking, according to the bank, but 40% of the total logins in aRead More