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If at First You Don’t Succeed … Try Giving Out Free Money (Like Google Wallet)

If at First You Don’t Succeed … Try Giving Out Free Money (Like Google Wallet)

by November 26, 2014 at 2:45 pm 0 comments

Google Wallet is trying a new method to spur adoption: giving out free money. Google Wallet recently started a campaign to give out $5 to consumers who buy gift cards from the following retailers via Google Wallet: Regal Cinemas Sephora Staples Toys “R” Us on Gyft.com Whole Foods Market GoogleRead More

Small business – not consumer – is driving Alternative Finance

by November 26, 2014 at 1:56 am 2 comments

The NESTA study has a wealth of data about UK Alternative Finance, but one fact jumps off the page “It’s about small business, stupid! First, the whole market is big and growing fast (all numbers in GBP millions): 2012: 267m 2013: 666m 2014:  1,740m That 2014 total is $2.7 billion – to make it real […]

Smartphones Are Getting Better — and That’s a Problem for Mobile Imaging

Smartphones Are Getting Better — and That’s a Problem for Mobile Imaging

by November 25, 2014 at 11:06 am 0 comments

So your new iPhone is quite a bit more powerful than your last one — sharper graphics, better photos, faster processing — great, right? It’s great for consumers, maybe, but not necessarily for software developers. Consider Kofax, Irvine, Calif.-based makers of an enterprise imaging and analytics platform with many bank customers. DaveRead More

Virgin Money – challenger bank, full stack Fintech, or re-branded old bank?

Virgin Money – challenger bank, full stack Fintech, or re-branded old bank?

by November 25, 2014 at 5:17 am 0 comments

Millenials want choice. Their parents might have been OK with the a few big old banks, but if you grow up with everything that you want being a click away, the world looks different. Virgin Money is coming to IPO. Other challenger banks are in the wings. Full Stack Fintech (digital first ventures that sell […]

Litle Is the Fastest Payment Processor in the World — Again

Litle Is the Fastest Payment Processor in the World — Again

by November 24, 2014 at 11:23 am 1 comment

Once again, Litle & Co. is the fastest payment processor in the world.

Square, PayPal Lapses in QuickBooks Tough for Small Businesses

Square, PayPal Lapses in QuickBooks Tough for Small Businesses

by November 24, 2014 at 11:17 am 0 comments

To say Square and PayPal are important to American small business might be an understatement.

So when those two ventures’ integration into the accounting platform of choice for America’s small business — QuickBooks Online — falls short, the shortcoming deserves notice.

OnDeck IPO puts focus on Customer Acquisition Costs

OnDeck IPO puts focus on Customer Acquisition Costs

by November 24, 2014 at 1:13 am 1 comment

Alternative Credit is scaling fast today, with ventures headed to IPO. OnDeck will be the first out of the gate. It is likely that Lending Club, Kabbage and Prosper will follow. This will give OnDeck a tremendous branding opportunity. It will also put OnDeck under intense scrutiny. The weakness in the Alternative Credit model is […]

Does the Device Make the Payment or the Payment Make the Device?

Does the Device Make the Payment or the Payment Make the Device?

by November 21, 2014 at 11:42 am 2 comments

What comes after mobile in payments? Mobile may be all the rage now, but wearables are coming fast, and then there’s the Internet of Things, and there’s even that guy who embedded his bitcoin wallet in his hand — ouch!

Ffrees heralds the banking utility future that customers want and bankers fear

by November 21, 2014 at 10:11 am 2 comments

You need to get past that clunky URL to understand Ffrees (yes, there are two f). It is worth it, trust me. Click here to avoid misspelling (you will find a very engaging video online and a clear pitch to simpler banking and zero overdraft fees). A current account is a service. (Read, “checking account”, […]

Compliance Burdens on FIs Increased 26% in 3Q

Compliance Burdens on FIs Increased 26% in 3Q

by November 20, 2014 at 11:53 am 1 comment

The third quarter saw a 26% rise in the compliance burden for FIs. This data arrives via the Banking Compliance Index, produced by Continuity Control, a New Haven, Conn.-based provider of a cloud-based compliance management system for community banks. The latest results of the index were announced Saturday, November 15.

This European Fintech Unicorn Is Low Profile and Bootstrapped

by November 20, 2014 at 7:49 am 1 comment

Saxo Bank is low profile unless you have been deep into currency trading, but check out these numbers: 2011 Revenue: US$594m (3,526.9m DKK at 5.94) 2011 Profit: US$104m (617.8m DKK at 5.94) Apply a similar revenue multiple that is applied to a hot VC funded company and you get to north of that $1 billion […]