Articles by: JJ Hornblass

Google Sticking It to Softcard Users

Google Sticking It to Softcard Users

by February 25, 2015 at 10:24 am 1 comment

Softcard users will get no love from Google in the wake of the search giant’s acquisition of the telco-built mobile wallet platform. In an FAQ published since plans for the acquisition were announced last Monday, Google disclosed that no user information stored in Softcard will be transferred over to Google Wallet.Read More

No, Google Did Not ‘Level the Playing Field’ Buying Softcard

No, Google Did Not ‘Level the Playing Field’ Buying Softcard

by February 24, 2015 at 11:35 am 0 comments

Where does the acquisition (read: assumption) of Softcard leave Google in its drive to compete with Apple Pay? Not as far along as some industry observers would suggest. Wired offered a glowing review of the deal. But with Softcard out of the running, and wireless carriers now doing the distribution legworkRead More

Sierra Launches DriverUp in Pitch to Reinvent Auto Finance

Sierra Launches DriverUp in Pitch to Reinvent Auto Finance

by February 23, 2015 at 11:08 am 0 comments

It is not often that a company aims to turn auto finance into something else entirely, but that is exactly what Sierra Auto Finance intends to do with its launch of DriverUp today.

What Is the Pay.gov Deal Really Worth to PayPal & Dwolla?

What Is the Pay.gov Deal Really Worth to PayPal & Dwolla?

by February 20, 2015 at 11:34 am 0 comments

On the surface, the deal making PayPal and Dwolla payment options on Pay.gov, the US Treasury’s online payments hub, looks massive — trillions-of-dollars massive. After all, the US Treasury reports that the federal government processed $3.73 trillion (with a T) in fiscal year 2014, 98% of which was settled electronically.Read More

Big Win for … Who?

Big Win for … Who?

by February 18, 2015 at 2:18 pm 0 comments

Alkami Technology scored a big win today, recording a sale of its digital banking platform to Patelco Credit Union. Alka-who? Off-the-radar Alkami was launched in 2009 and has secured $43 million of venture funding to date. The company offers the ORB (online relationship builder) digital banking service, which is what Patelco purchased. Patelco appearsRead More

China Frenzy Over Apple Pay Just Negotiation ‘Optics,’ Source Says

China Frenzy Over Apple Pay Just Negotiation ‘Optics,’ Source Says

by February 17, 2015 at 11:47 am 0 comments

China‘s reported push back today against Apple’s entry into the Mainland’s payments space is nothing more than “optics” for negotiation purposes, a payments source close to Apple told Bank Innovation. “This is classic China negotiations — the agreements were signed months ago,” the source said. “This is a way toRead More

The Risk of Cashless Society Devolving into an ‘Electronic Somalia’ [VIDEO]

by February 16, 2015 at 11:23 am 0 comments

In this engaging and recent TEDx talk, Dave Birch, the payments expert and borderline comedian (that’s a compliment, Dave), offers a refreshing view of the dangers of a cashless society, as well as his proposal for light coins and dark coins, which come with a 20% tax. Oh, and inRead More

5 FinTech Startups Worth $1 Billion or More

5 FinTech Startups Worth $1 Billion or More

by February 16, 2015 at 10:32 am 2 comments

Five fintech startups are now in the billion-dollar club — meaning they are valued at more than $1 billion. Here are the billion-dollar fintech companies and their last valuations, according to data recently released by Dow Jones VentureSource (in $millions):  Rank Startup Current Valuation Raised to Date 1 Square $6,000 $495Read More

Funding Circle Cuts Its Loan Prices by 300 Basis Points

Funding Circle Cuts Its Loan Prices by 300 Basis Points

by February 12, 2015 at 9:56 am 1 comment

Yes, we know the crowdfunding hype, but Funding Circle, the small business P2P lender, just cut its rates. The rate cut came in a kind of backhanded way on Jan. 26. That was when Funding Circle launched a “fractional loan marketplace” for lenders. Included in that announcement was this factoid: “[I]nvestorsRead More

6 Demos of Biometric Verification Tools

by February 11, 2015 at 11:46 am 0 comments

Biometric ID verification seems to be approaching a tipping point. That is not just because Digital Insight made public today that it has adopted EyeVerify’s Eyeprint ID v2.0 for its mobile banking platform. It just seems that biometric ID verification and security seems to be the hot thing. USAA’s mostRead More

A First Look at JetBlue’s Custom Apple Pay POS [VIDEO]

A First Look at JetBlue’s Custom Apple Pay POS [VIDEO]

by February 10, 2015 at 10:27 am 1 comment

JetBlue didn’t just announce today that it was allowing for payments via Apple Pay on its flights, but it introduced a custom POS to facilitate the payments. Importantly, JetBlue has received FAA approval for use of the custom POS in the air. Below is a video from USA Today thatRead More