Cards

Is Xoom Worth $890 Million?

Is Xoom Worth $890 Million?

by July 2, 2015 at 11:51 am 0 comments

Did PayPay pay too much for Xoom yesterday? The purchase price of $890 million put a 25% premium on Xoom’s stock price, which has been on a torrid climb since April. That’s $890 million for a company that lost money last quarter. So why would PayPal give Xoom shareholders soRead More

How E-Signatures Enable Remote Account Openings [SPONSORED]

How E-Signatures Enable Remote Account Openings [SPONSORED]

by July 2, 2015 at 1:00 am 0 comments

Today, banks, credit unions and other financial services providers need to be where the customer is – online and on mobile devices. In this white paper, we explore how e-signatures make it easier for consumers to open accounts remotely on tablets and smartphones, while also strengthening compliance. Highlights include: RemoteRead More

Facebook P2P Payments Go Nationwide

Facebook P2P Payments Go Nationwide

by June 30, 2015 at 3:59 pm 1 comment

A little more than three months after its debut, Facebook Messenger‘s peer-to-peer payments service has gone nationwide. The news was announced today by David Marcus, Messenger’s vice president. Messenger payments is a debit card-only payments service. Facebook had been slowly rolling out the service since last March. Last month, Facebook saidRead More

The Shot Heard ‘Round the Banking World

The Shot Heard ‘Round the Banking World

by June 29, 2015 at 8:44 am 3 comments

One of the highlights of this year’s Next Bank USA conference  held June 16th in New York was the session titled “The Great Debate: Who will Rule Banking in the Future – Banks or FinTechs?”  Bank Innovation’s Phil Ryan summarized the session well in his recent post here. The panelistsRead More

2015 Innovators to Watch: 44 Executives Shaping the Future of Banking

2015 Innovators to Watch: 44 Executives Shaping the Future of Banking

by June 24, 2015 at 11:49 am 10 comments

The technology matters. The ideas matter. The business models matter. The use cases matter. The customer experience matters. The people of innovation matter most. Nothing gets done or innovated in banking without entrepreneurs, bankers, VCs, service providers who have the vision to see what cannot be seen today, to discernRead More

Green Dot Renews Walmart Contract for FIVE YEARS

Green Dot Renews Walmart Contract for FIVE YEARS

by June 22, 2015 at 5:15 pm 0 comments

The Walmart contract has always been a drag on Green Dot Corp.’s future. Would Walmart renew this year? What would the company do if the deal fell through? Green Dot put those fears to rest for a while today with news that it had renewed its deal to serve as programRead More

‘FinTech 2.0′ Drops Disruption for Collaboration

‘FinTech 2.0′ Drops Disruption for Collaboration

by June 19, 2015 at 11:11 am 3 comments

The latest crop of Innotribe startups don’t talk about disrupting banks. They want to be built into banks’ software. Kevin Johnson, Innotribe Startup Challenge manager, said yesterday that while FinTech 1.0 was about disruption, FinTech 2.0 is about the C-word: collaboration. The fourth and final leg of Innotribe’s 2015 Startup ChallengeRead More

Introducing Bank Innovation Israel, Nov 10-11 in Tel Aviv

Introducing Bank Innovation Israel, Nov 10-11 in Tel Aviv

by June 18, 2015 at 11:05 am 0 comments

They don’t call it Startup Nation for nothing. With the exception of Silicon Valley, Israel is the world’s top incubator for startups — and fintech is increasingly becoming hot there. Some of the world’s most remarkable fintech startups have their roots in Israel, while big-names banks are starting — orRead More

Brett King today espousing the virtues of next-generation artificial intelligence.

With More AI Comes Refinement, Not Revolution, in Banking

by June 17, 2015 at 11:59 am 1 comment

This has nagged me for some time: if it is so easy to build a financial model today, why am I not inundated with model-driven financial services? No company is offering me a “smart” payment card that automatically switches between debit and credit depending on money costs. No company is offeringRead More

Plenti Branding Ramps Up as AT&T Ad Runs During NBA Finals [VIDEO]

Plenti Branding Ramps Up as AT&T Ad Runs During NBA Finals [VIDEO]

by June 15, 2015 at 11:04 am 0 comments

The Plenti nationwide advertising campaign, which kicked off last month, hit high gear last night when AT&T used its spots during the NBA Finals for the rewards program. The Plenti rewards program, administered by American Express, officially kicked off on May 4. Generally, the ads center on the idea thatRead More

Square's new card reader

Chip & Sig is Unsafe. Chip & Location Isn’t.

by June 12, 2015 at 11:37 am 0 comments

The EMV train is rolling around the bend — is anyone ready? EMV cards — the initialism stands for Europay MasterCard Visa — are more commonly known as chip cards, or smart cards. They are dipped rather than swiped, employ single-use codes to make transactions safer, and take much longer to process withRead More