Articles by: Philip Ryan

Zelle Will Put Customers Back in Banks’ Hands, PNC CEO Says

Zelle Will Put Customers Back in Banks’ Hands, PNC CEO Says

by January 19, 2017 at 11:14 am 0 comments

Zelle, the peer-to-peer payments platform formerly known as clearXchange, will put customers back in banks’ hands, PNC CEO Bill Demchak said Friday. P2P has been a notable success of nonbank players such as PayPal, which offers a host of consumer-facing payments products, perhaps most notably Venmo. In October, PayPal CEORead More

SoFi, Coinbase Get the Green Light to Operate in New York

SoFi, Coinbase Get the Green Light to Operate in New York

by January 19, 2017 at 10:09 am 0 comments

Ah, New York: If you can make it here, you can make it anywhere, but to even try, you need a license. Luckily, SoFi and Coinbase just got theirs. After waiting a year, the lender SoFi received the thumbs up to operate in New York, CFO Michael Tannenbaum said recently.Read More

Paymentwall ‘Postpones Indefinitely’ Its Iran Payments Effort

Paymentwall ‘Postpones Indefinitely’ Its Iran Payments Effort

by January 13, 2017 at 11:10 am 1 comment

Last April, Bank Innovation reported that Paymentwall, a San Francisco-based payments company, had enabled payments to one of the world’s most closed markets, Iran. This news came shortly after the announcement of the deal between the United States, European Union and Iran for Iran’s pledge to cease work on itsRead More

IBM Is Working on 300-500 Blockchain Projects [VIDEO]

IBM Is Working on 300-500 Blockchain Projects [VIDEO]

by January 10, 2017 at 2:32 pm 1 comment

IBM is way past looking for blockchain use cases — it has between 300 and 500 blockchain projects going at the moment, according to CEO Ginni Rometty. In an interview with Bank of America CEO Brian Moynihan (Moynihan interviewed Rometty) Rometty revealed some of the areas where she sees blockchainRead More

Visa’s SVP for the Internet of Things Joins Bank Innovation 2017

Visa’s SVP for the Internet of Things Joins Bank Innovation 2017

by January 10, 2017 at 12:21 pm 0 comments

Avin Arumugam, senior vice president of the Internet of Things at Visa, has joined the speaker faculty for Bank Innovation 2017, which takes place March 6-7 in San Jose. Arumugam was at JPMorgan Chase for four years prior to his starting at Visa in May 2016. (Recent video footage alsoRead More

Identity Management Service Civic Adds Pricing and Memberships Levels

Identity Management Service Civic Adds Pricing and Memberships Levels

by January 9, 2017 at 12:07 pm 0 comments

Civic, the identity protection startup that launched this past summer to alert users when use of their social security number was detected, is growing up. It is introducing membership levels and pricing plans, according to an email sent to members on Friday afternoon. The levels are Basic, which is free, Standard,Read More

Braintree CTO to Do Fireside Chat at Bank Innovation 2017

Braintree CTO to Do Fireside Chat at Bank Innovation 2017

by January 6, 2017 at 12:41 pm 1 comment

Juan Benitez, general manager and chief technology officer of Braintree, a PayPal subsidiary, will participate in a fireside chat at Bank Innovation 2017. Bank Innovation 2017, March 6-7 in San Jose, Calif., will feature dozens of speakers on investing in innovation, chatbots, open banking ecosystems, blockchain and more. Benitez has been CTORead More

Roboadvisors Can Disrupt Investing with a Human Touch

Roboadvisors Can Disrupt Investing with a Human Touch

by January 5, 2017 at 5:27 pm 1 comment

By now, traditional investors are familiar with the threat coming from roboadvisors. The fees and barriers to entry are lower, and millennials can do it all from their smartphones. But roboadvisors face considerable challenges of their own. Among other issues, all wealth management players face steep customer acquisition costs, whichRead More

Visa and Mastercard Join Forces to Tokenize Digital Payments

Visa and Mastercard Join Forces to Tokenize Digital Payments

by December 15, 2016 at 8:05 am 1 comment

Visa and Mastercard may compete strenuously for business, but today they’re announcing a collaboration in the mobile wallet sphere. The two companies issued simultaneous announcements today describing how Masterpass and Visa Checkout can just get along. In case you’re wondering how the annoucements compare in their treatment of their competitors, we’ve reproduced theRead More

Android Pay Heads to the Islands — Japan and Ireland

Android Pay Heads to the Islands — Japan and Ireland

by December 13, 2016 at 1:23 pm 2 comments

Android Pay is heading to the islands, but not the ones you may be dreaming of on these dreary December days. Instead, Google’s mobile payments platform has landed in Ireland and Japan. The mobile payments platform landed on the Emerald Isle on Dec. 2 and is currently live with twoRead More