Cards

Amazon Gets Jump on Payments for ‘Internet of Things’ With Dash [VIDEO]

Amazon Gets Jump on Payments for ‘Internet of Things’ With Dash [VIDEO]

by March 31, 2015 at 3:25 pm 0 comments

Payments through the Internet of Things is here. Amazon today introduced Amazon Dash, which allows consumers to reorder household staples with the click of a “Dash Button,” which would be affixed on the device. Think of ordering more coffee by clicking a Dash Button literally adhered to your coffeemaker. The deviceRead More

First Look at Misys’s Apple Watch App [VIDEO]

First Look at Misys’s Apple Watch App [VIDEO]

by March 31, 2015 at 10:48 am 1 comment

Yes, Citibank, Fidelity, Desjardins, Scotiabank’s Tangerine unit, and even Mint have launched Apple Watch apps. But Misys is the only third-party technology vendor to put out a Watch app so far. The app, which was reported by Finextra a couple weeks ago, has largely remained unseen. Until now. The tech vendorRead More

Why Some People Make Mobile Payments (and Why Some Don’t)

Why Some People Make Mobile Payments (and Why Some Don’t)

by March 27, 2015 at 12:59 pm 2 comments

People make mobile payments to pay bills, or they don’t use them because it’s no easier than using a card or cash. That’s according to data from the Board of Governors of the Federal Reserve System, which released its fourth annual report on mobile banking this week. The study’s definition of aRead More

PayStand Offers First Bitcoin mPOS

PayStand Offers First Bitcoin mPOS

by March 26, 2015 at 11:38 am 2 comments

Bitcoins could soon be easier to use at your local point-of-sale. Payment processor PayStand, which made waves last year with its announcement that it would process bitcoin transactions along with credit cards and ACH in its online payment platform, is now moving into the POS space with a mobile app thatRead More

Mobile Banking Usage Continues to Climb, Fed Says

by March 26, 2015 at 11:25 am 1 comment

Mobile banking usage continues to advance in the US, with fully 39% of adults “with mobile phones and bank accounts” using mobile banking, up from 33%, the Federal Reserve reported today. This is the Fed’s fourth annual review of mobile banking in the nation. Here’s an excerpt from the report:Read More

A still from Final's video. Final looks to replace credit cards with static numbers

Just 9 FinTech Startups Present at Y Combinator’s Demo Day

by March 25, 2015 at 11:46 am 1 comment

More than 100 companies demoed at Y Combinator’s Winter Demo Day, which runs for two days and concluded yesterday. Fintech, however, was not particularly well-represented. Just nine fintech startups in all presented. Y Combinator is arguably the leading incubator in Silicon Valley, which is why fintech’s under-representation this week at DemoRead More

Is Facebook Paying $0 for Payment Processing?

Is Facebook Paying $0 for Payment Processing?

by March 24, 2015 at 10:41 am 1 comment

One of the rumors circulating around Facebook’s new payments service is that the social media giant will not pay even 1 basis point to process payments. While this is just an unlikely rumor, the scuttlebutt is indicative. It shows that: a) Facebook may have negotiated hard with the payments networks; b) theRead More

Square Cash Opens to Businesses, Introducing $Cashtags [Video]

Square Cash Opens to Businesses, Introducing $Cashtags [Video]

by March 23, 2015 at 11:21 am 1 comment

Just days after Facebook sent shock waves through the peer-to-peer payments world, Square announced $cashtags, simple addresses that will allow individuals, and now businesses, to accept payments. In a way, today’s announcement continues Square’s suite of services for businesses, but it is also likely another move to get cards on files, aRead More

10 Coolest Brands in Banking 2015

10 Coolest Brands in Banking 2015

by March 19, 2015 at 11:55 am 8 comments

How do you define “cool”? The Urban Dictionary (which is way cooler than other dictionaries) says “cool” is: An adjective referring to something that is very good, stylish, or otherwise positive. [As in,] Your computer is very cool. Welcome to our fourth annual list of the 10 financial services brandsRead More

Next Up for Facebook: Selling in Your Feed?

Next Up for Facebook: Selling in Your Feed?

by March 18, 2015 at 11:57 am 1 comment

Amid the stream of news — tidal wave, even — about Facebook’s new Send Money feature yesterday, there was little mention of what’s likely to come next. And that is, paying for products via Facebook. Facebook bought — and immediately shut down — shopping site TheFind just last week. What gives? After yesterday’sRead More

Card Not Present — For a Day

Card Not Present — For a Day

by March 18, 2015 at 11:14 am 1 comment

I left my payment cards at home yesterday. And… it didn’t matter. It’s getting easier these days to keep that card in your pocket — or wherever. For example, BMO Harris announced this week it is enabling cardless cash withdrawals at 750 ATMs — about half its total fleet. Customers willRead More