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Apple Pay is a Losing Proposition for Midsize Banks

Apple Pay is a Losing Proposition for Midsize Banks

by October 23, 2014 at 11:26 am 0 comments

Midsize banks are losing money on Apple Pay transactions, and the marketing value of their “partnership” with Apple is questionable, says Doug Brown, who leads the mobile strategy and product team at FIS. They will still participate, however, because they have to.

Apple Pay-BofA Double-Charging Issue Should Be Fixed Today

Apple Pay-BofA Double-Charging Issue Should Be Fixed Today

by October 22, 2014 at 4:46 pm 1 comment

Apple Pay has had a spate of double charges related to Bank of America cardholders, but apparently it’s not really anyone’s fault.

Apple Pay Is a Marketing Expense for Banks

Apple Pay Is a Marketing Expense for Banks

by October 22, 2014 at 11:52 am 1 comment

Apple is a marketing expense for banks, says an industry expert.

Quick Review: 24 Hours with Apple Pay

Quick Review: 24 Hours with Apple Pay

by October 21, 2014 at 5:16 pm 1 comment

After using Apple Pay for a full day, I’m pretty impressed.

Apple Pay Loyalty Program Due to Start Within the Year

Apple Pay Loyalty Program Due to Start Within the Year

by October 21, 2014 at 11:51 am 57 comments

Bank Innovation has learned new details on a forthcoming Apple Pay loyalty program.

The Time is Now: Moving Towards a Better Financial Solution Design

The Time is Now: Moving Towards a Better Financial Solution Design

by October 21, 2014 at 7:32 am 0 comments

    Much has been written about the onslaught of disruption facing the financial services industry. A few years ago, this was often taken as speculation and sensationalism. I think most now agree that this is a reality and a sign that the new normal will be quite unlike the past. What is not often […]

Amid Apple Pay Hubbub, Google Wallet Scores New Partner

Amid Apple Pay Hubbub, Google Wallet Scores New Partner

by October 20, 2014 at 9:40 am 1 comment

In case you forgot, Google still offers a mobile wallet, and it is still closing partnership deals.

Walmart Starts Offering GoBank’s Checking Product

Walmart Starts Offering GoBank’s Checking Product

by October 20, 2014 at 9:16 am 1 comment

GoBank, the mobile-first bank from Green Dot Corp., is now being rolled out across Walmart’s network of more than 4,000 stores. Pictured below are GoBank checking cards on the rack of prepaid cards located next to Walmart’s financial center, where customers can cash checks and pay bills, at a Walmart location inRead More

Why Ebola might kill cash

by October 17, 2014 at 12:02 pm 0 comments

The Fear Factor on Ebola is over the top right now. We are spending countless hours in the media analyzing footage of health workers, figuring out how a nurse in Texas contracted the disease despite strict quarantine procedures, and debating over whether to travel on aircraft. In all of thisRead More

3 Tips to Choosing a Niche for Your Bank

3 Tips to Choosing a Niche for Your Bank

by October 17, 2014 at 10:40 am 1 comment

Megabanks—with their larger technology budgets and access to more resources—can afford to offer a lot of different products and services to a lot of different markets. Community banks simply can’t afford to spread themselves too thin.

Capital One’s Fairbank Gets Passionate About Digital

Capital One’s Fairbank Gets Passionate About Digital

by October 17, 2014 at 10:17 am 1 comment

Capital One founder and CEO RIchard Fairbank got passionate about digital in the bank’s earnings call yesterday