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Why Some People Make Mobile Payments (and Why Some Don’t)

Why Some People Make Mobile Payments (and Why Some Don’t)

by March 27, 2015 at 12:59 pm 0 comments

People make mobile payments to pay bills, or they don’t use them because it’s no easier than using a card or cash. That’s according to data from the Board of Governors of the Federal Reserve System, which released its fourth annual report on mobile banking this week. The study’s definition of aRead More

Alerts Grow in Importance as Mobile Banking Feature [VIDEO]

Alerts Grow in Importance as Mobile Banking Feature [VIDEO]

by March 27, 2015 at 10:22 am 0 comments

Alerts, also known as push notifications, are the third most popular use of mobile banking apps, according to a report from the Federal Reserve Board released today. More than half of mobile users — 57% — received alerts from their bank in 2014. These notifications can take the form ofRead More

Fintech Global Tour Geneva Lausanne Corridor Nerds & Rich People Communicating

by March 27, 2015 at 12:55 am 0 comments

For such a small country, Switzerland has two poles of innovation – Zurich and Geneva. Both have great universities that supply the Tech in Fintech. On the Fin side, Zurich is more Institutional and Geneva is more Private Wealth Management, but both centers have a mix. (I live in betweenRead More

PayStand Offers First Bitcoin mPOS

PayStand Offers First Bitcoin mPOS

by March 26, 2015 at 11:38 am 1 comment

Bitcoins could soon be easier to use at your local point-of-sale. Payment processor PayStand, which made waves last year with its announcement that it would process bitcoin transactions along with credit cards and ACH in its online payment platform, is now moving into the POS space with a mobile app thatRead More

Mobile Banking Usage Continues to Climb, Fed Says

by March 26, 2015 at 11:25 am 1 comment

Mobile banking usage continues to advance in the US, with fully 39% of adults “with mobile phones and bank accounts” using mobile banking, up from 33%, the Federal Reserve reported today. This is the Fed’s fourth annual review of mobile banking in the nation. Here’s an excerpt from the report:Read More

Price Still Trumps Mobile Apps When Customers Weigh Switching Banks

Price Still Trumps Mobile Apps When Customers Weigh Switching Banks

by March 26, 2015 at 10:34 am 0 comments

Switching banks is hard — it’s not like switching channels. Lower fees are the main reason customers switch banks, but being young also plays a part. The older you, the more complicated your financial life is likely to be, making switching even more difficult. In an industry obsessed with nettingRead More

Pragmatic Banker Conversations About Bitcoin & Smart Contracts on Blockchain

by March 26, 2015 at 3:41 am 0 comments

Investors and entrepreneurs can make money at the transition between bleeding edge and leading edge. Bleeding edge means that there is technology risk, which is a quick way to lose money. The key at this stage is to experiment and learn cheaply. Leading edge means that lots of investors andRead More

A still from Final's video. Final looks to replace credit cards with static numbers

Just 9 FinTech Startups Present at Y Combinator’s Demo Day

by March 25, 2015 at 11:46 am 1 comment

More than 100 companies demoed at Y Combinator’s Winter Demo Day, which runs for two days and concluded yesterday. Fintech, however, was not particularly well-represented. Just nine fintech startups in all presented. Y Combinator is arguably the leading incubator in Silicon Valley, which is why fintech’s under-representation this week at DemoRead More

Fintech 1,000 Shows Few InsuranceTech Startups – For Now

Fintech 1,000 Shows Few InsuranceTech Startups – For Now

by March 25, 2015 at 2:15 am 0 comments

InsuranceTech is not as developed as other parts of the Fintech market. It feels more like Fintech around 2011, when a lot was happening but few people were observing what was happening. InsuranceTech could develop at a faster pace because a lot of people who missed the rise of Fintech want to make sure they…Read more Fintech 1,000 Shows Not That Many InsuranceTech Startups – Yet.

Is Facebook Paying $0 for Payment Processing?

Is Facebook Paying $0 for Payment Processing?

by March 24, 2015 at 10:41 am 1 comment

One of the rumors circulating around Facebook’s new payments service is that the social media giant will not pay even 1 basis point to process payments. While this is just an unlikely rumor, the scuttlebutt is indicative. It shows that: a) Facebook may have negotiated hard with the payments networks; b) theRead More

BankMobile Kicks Off Facebook Contest for New Product Ideas

BankMobile Kicks Off Facebook Contest for New Product Ideas

by March 24, 2015 at 7:11 am 0 comments

BYOB is not about bringing your own bottle any more. For BankMobile, the mobile-first bank launched in January by Phoenixville, Pa.-based Customers Bank, BYOB means “build your own bank.” The company is offering $5,000 for the “best banking idea” in a BYOB contest launched on its Facebook page yesterday. BankMobile’s mobile app offers top-of-the-line mobileRead More