Cards

Samsung Pay Hits the Scene With 4 Megabanks on Board

Samsung Pay Hits the Scene With 4 Megabanks on Board

by March 2, 2015 at 11:23 am 0 comments

Samsung didn’t just introduce Samsung Pay yesterday. It introduced it with four megabanks as partners. JP Morgan Chase & Co., Bank of America, Citigroup and US Bancorp all are launch partners of Samsung Pay. The four are among the largest card-issuing banks in the nation. Oh, and all four areRead More

First Look at Samsung Pay [VIDEO]

by March 2, 2015 at 10:20 am 0 comments

Samsung introduced its new Galaxy S6 and S6 edge yesterday in Madrid, and Samsung Pay, its contactless payment initiative built on LoopPay technology, was a big part of the announcement. Below is a first look at Samsung Pay, courtesy of MasterCard, a Pay partner.

Fastacash Deal Will Let Visa Power Payments on Facebook

Fastacash Deal Will Let Visa Power Payments on Facebook

by February 27, 2015 at 10:35 am 1 comment

It seems Visa will soon make it very easy to pay people on Facebook. Earlier this week Visa Europe announced a partnership with Singapore-based Fastacash, a social payments service. Most of the announcement focused on the rebranding of Visa Europe’s peer-to-peer payment service from Visa Personal Payments to Visa Direct,Read More

Associated Bank Cutting Branches to Fund Mobile

Associated Bank Cutting Branches to Fund Mobile

by February 25, 2015 at 11:52 am 1 comment

Associated Bank, a Green Bay, Wisc.-based institution with $26.5 billion in assets, had 315 branches in 2007. Today, it has 225. Is the bank in trouble? Far from it. The bank is pursuing the cost savings from branch closures, in part, to fuel the bank’s digital efforts. Cutting its branch network byRead More

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

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 Banks Coming to NYC Next Week to Flesh Out Faster Payments

Big Banks Coming to NYC Next Week to Flesh Out Faster Payments

by February 19, 2015 at 4:50 pm 0 comments

Representatives of the 24 banks that collectively own The Clearing House Payments Co., the oldest banking and payments association in the United States, will meet in New York next week to discuss faster payments, according to a representative of one of the member banks. The meeting next week, which isRead 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

Robocoin Will Offer Bitcoin and Remittance Services to All ATMs

Robocoin Will Offer Bitcoin and Remittance Services to All ATMs

by February 13, 2015 at 11:52 am 0 comments

Robocoin, known for opening the world’s first bitcoin ATM in Vancouver, Canada, in October 2013, told investors yesterday that it has launched a public bitcoin wallet and will offer a software development kit that adds Robocoin’s functionality to traditional ATMs. The company has diversified its offerings since it started as a hardwareRead More