Cards

ATM-Killer SPARE Begins Beta Testing (For Real This Time)

ATM-Killer SPARE Begins Beta Testing (For Real This Time)

by May 27, 2015 at 12:22 pm 0 comments

A long time ago, in a galaxy far, far away — actually, it was just last year in Los Angeles — a startup called SPARE emerged with the mission of killing the ATM machine. Its method was to turn businesses into cash disbursement centers, starting with hotels. The idea is thatRead More

Top 5 Reasons to Read Ron Shevlin’s New(ish) Book

Top 5 Reasons to Read Ron Shevlin’s New(ish) Book

by May 22, 2015 at 11:28 am 1 comment

In a sense, if you’ve been reading Ron Shevlin’s Snarketing 2.0 blog, now part of The Financial Brand, you have already read his book Smarter Bank, published Jan. 30. Much of the material is familiar, but lacking the vibrant comment section that followed those online posts. So why would anyone in FinTechRead More

Dubious and Disturbing ‘Pay to Play’ in FinTech Media

Dubious and Disturbing ‘Pay to Play’ in FinTech Media

by May 22, 2015 at 10:58 am 2 comments

This week, Columbia University Graduate School of Journalism, my alma mater, graduated its latest class of students. The graduation had me thinking about journalism and media ethics, and that led me to call for a public outcry over the ever-increasing “pay to play” media in fintech. You may not know this (or maybeRead More

Venture Funding for FinTech Climbs 62% YOY, New Data Shows

Venture Funding for FinTech Climbs 62% YOY, New Data Shows

by May 21, 2015 at 11:49 am 0 comments

FinTech venture funding continues to increase. A total of $520 million was invested in financial services startups last quarter, up from $289 million during the last quarter of 2014 and $321 million, in the same quarter last year — a 62% year-over-year increase — according to new data from PricewaterhouseCoopers’s MoneyTreeRead More

BankMobile Offers ‘VIP Experience’ to Lure Millennials

BankMobile Offers ‘VIP Experience’ to Lure Millennials

by May 20, 2015 at 5:16 pm 1 comment

Customers depositing $1,500 a month into their BankMobile accounts will automatically qualify for a VIP service, which includes refunding all ATM fees incurred, and access to a financial coach, the company announced today. The move signals the bank’s need for deposits and depositors. BankMobile’s explicit target group is millennials, but theyRead More

Identity Fraud and Apple Pay: A Discussion

Identity Fraud and Apple Pay: A Discussion

by May 20, 2015 at 10:08 am 1 comment

The payments space moves at what seems like the speed of light.  New products and companies are introduced almost daily, everyone is chasing the next unicorn, and a winner of mobile wallets is declared and then re-declared every other hour by payment pundits. Below is a follow-up conversation from the EmergingRead More

MasterCard Launches P2P Product — as PayPal Preps IPO

MasterCard Launches P2P Product — as PayPal Preps IPO

by May 19, 2015 at 10:28 am 1 comment

MasterCard is not shy about challenging innovative incumbents — after all, it launched Simplify Commerce in June 2013 to compete with both Stripe and Square. Today it introduced MasterCard Send, a P2P solution seemingly targeting businesses and governments — “seemingly” because the page for the service, at press time, was down. [UPDATE: Here isRead More

Moven Preps PayPal Integration, Global Growth

Moven Preps PayPal Integration, Global Growth

by May 15, 2015 at 11:53 am 0 comments

Moven is expanding to new geographies and increasing customers’ money movement options with a PayPal integration. Financial services these days are built on APIs, integrations, and partnerships. Which systems can you connect to make your customer’s life easier? Which partners can help you fulfill your mission of building the best productRead More

In the Bank Account of the Future, Context is King

In the Bank Account of the Future, Context is King

by May 14, 2015 at 11:51 am 1 comment

SAN JOSE, Calif. – Three companies gave Finovate attendees a look at the bank account of the future yesterday: Moven, CBW Bank/Yantra Financial, and NAMU. The second and concluding day of the conference saw 31 companies show their wares, and a major theme was providing context around transactions. As RonRead More

CIBC First to Launch Funds Transfer for Apple Watch

CIBC First to Launch Funds Transfer for Apple Watch

by May 14, 2015 at 9:27 am 1 comment

While fintech was focused on Finovate — around 1,500 #finovate tweets were generated during this week’s event in San Jose, Calif. — CIBC quietly released on Tuesday what appears to be the first Apple Watch app to allow for funds transfer. CIBC, the Canadian bank, officially released its Apple Watch offering on Tuesday.Read More

Purge the Word ‘Frictionless’ from Banking

Purge the Word ‘Frictionless’ from Banking

by May 13, 2015 at 8:59 am 3 comments

SAN JOSE, Calif. — It’s time to relegate the phrase ‘frictionless’ to the FinTech trashbin. It will join words such as “omnichannel,” “disruption,” and “mobilefirst” in exile. All were used so often that they lost all meaning and just plain got on everyone’s nerves. Removing friction from financial services — with orRead More