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Consumers Who Make Daily Mobile Payments Quadruples in 2 Years

Consumers Who Make Daily Mobile Payments Quadruples in 2 Years

by October 30, 2014 at 10:23 am 0 comments

The percentage of the consumers who make daily mobile payments has quadrupled since 2012, according to new data. According to the Accenture data, 4% of the world’s consumers are currently making daily mobile payments. In 2012, but 1% of consumers did so.

Personal Capital, Cardlytics Score Massive Funding

by October 29, 2014 at 5:27 pm 0 comments

The money is still flowing into FInTech startups. Two veteran players, Personal Capital and Cardlytics, both scored big today with funding rounds of $50 million and $70 million, respectively.

BofA Scores 150K Sign Ups for Apple Pay ‘in First 24 Hours’ [VIDEO]

by October 29, 2014 at 1:15 pm 0 comments

The number of Apple Pay sign ups have been “staggering,” Bank of America CEO Brian Moynihan says.

MCX Must Get to Market Soon or Risk Defections

MCX Must Get to Market Soon or Risk Defections

by October 29, 2014 at 11:26 am 1 comment

The so-called payments war between MCX/CurrentC and Apple Pay is reaching a fever pitch — but one of the fighters hasn’t even shown up on the field, yet.

Facebook Payments Earnings Weak as Zuck Downplays Payments Potential

Facebook Payments Earnings Weak as Zuck Downplays Payments Potential

by October 29, 2014 at 10:40 am 1 comment

No one will ever call Facebook a payments company. The social media giant today posted its third quarter earnings, and its payments results were weak. The company generated $246 million of payments revenue last quarter, up from $234 million last quarter and $218 million in the third quarter of 2013.Read More

Fintech Sandbox Scores a Crucial ‘Lead Sponsor’: Silicon Valley Bank

Fintech Sandbox Scores a Crucial ‘Lead Sponsor’: Silicon Valley Bank

by October 27, 2014 at 11:28 am 1 comment

Fintech Sandbox, a newly launched non-profit looking to cultivate financial services startups, has quietly scored a crucial sponsor: Silicon Valley Bank.

VIDEO: Capital One Shows Samuel L. Jackson’s Bloopers

by October 24, 2014 at 11:56 am 0 comments

In yet another sign Capital One is lightening up its marketing campaign featuring actor Samuel L. Jackson, the bank released a blooper reel of the current set of ads this week. Last year, the group One Million Moms organized a campaign to protest Jackson’s use of the word “damn” in an ad. Some people have too much free time. Capital One edited the ad, but maintained the ads were meant to communicate with customers in a “direct and humorous” way.

Apple Pay is a Losing Proposition for Midsize Banks

Apple Pay is a Losing Proposition for Midsize Banks

by October 23, 2014 at 11:26 am 2 comments

Midsize banks are losing money on Apple Pay transactions, and the marketing value of their “partnership” with Apple is questionable, says Doug Brown, who leads the mobile strategy and product team at FIS. They will still participate, however, because they have to.

Apple Pay-BofA Double-Charging Issue Should Be Fixed Today

Apple Pay-BofA Double-Charging Issue Should Be Fixed Today

by October 22, 2014 at 4:46 pm 6 comments

Apple Pay has had a spate of double charges related to Bank of America cardholders, but apparently it’s not really anyone’s fault.

Quick Review: 24 Hours with Apple Pay

Quick Review: 24 Hours with Apple Pay

by October 21, 2014 at 5:16 pm 1 comment

After using Apple Pay for a full day, I’m pretty impressed.

Apple Pay Loyalty Program Due to Start Within the Year

Apple Pay Loyalty Program Due to Start Within the Year

by October 21, 2014 at 11:51 am 69 comments

Bank Innovation has learned new details on a forthcoming Apple Pay loyalty program.