Innovations

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 0 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 Is a Marketing Expense for Banks

Apple Pay Is a Marketing Expense for Banks

by October 22, 2014 at 11:52 am 1 comment

Apple Pay is a marketing expense for banks, says an industry expert.

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 57 comments

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

3 Tips to Choosing a Niche for Your Bank

3 Tips to Choosing a Niche for Your Bank

by October 17, 2014 at 10:40 am 1 comment

Megabanks—with their larger technology budgets and access to more resources—can afford to offer a lot of different products and services to a lot of different markets. Community banks simply can’t afford to spread themselves too thin.

Capital One’s Fairbank Gets Passionate About Digital

Capital One’s Fairbank Gets Passionate About Digital

by October 17, 2014 at 10:17 am 1 comment

Capital One founder and CEO RIchard Fairbank got passionate about digital in the bank’s earnings call yesterday

Social Money’s New Savings Tool Already Gaining Customers

Social Money’s New Savings Tool Already Gaining Customers

by October 10, 2014 at 3:47 pm 0 comments

There’s no secret how challenging it is to make money off of low-balance, “free-checking” customers. (Just ask M&T.) But Social Money‘s president, Scott McCormack, thinks he has a pretty good solution under his roof, and soon he’ll have the clients to prove it. One client is slated to sign ontoRead More

VIDEO: U.S. Bank Uses Humor to Promote P2P

by October 9, 2014 at 11:37 am 3 comments

Minneapolis-based U.S. Bank has a brand-new spot highlighting the bank’s person-to-person payment functionality in its mobile app.

Epiphyte, Matchmove Win Fintech Startup Challenge

Epiphyte, Matchmove Win Fintech Startup Challenge

by October 2, 2014 at 10:28 am 7 comments

More than 280 companies entered the Innotribe Startup Challenge but just two emerged triumphant: the money movement service Epiphyte, and Matchmove, which offers virtual credit cards.

What We Hope to See From the Leumi Hackathon

What We Hope to See From the Leumi Hackathon

by September 30, 2014 at 9:29 am 0 comments

To explain the remarkable technology innovation coming out of Israel, one Israeli entrepreneur once said that in the tiny nation, “there’s zero tolerance for work-arounds.,” This is the kind of attitude we are looking forward to seeing aimed squarely at fintech. Indeed, on Oct. 22-23, Leumi, one of Israel’s largestRead More

12 High-Flying Demos from Day 2 of Finovate Fall 2014

12 High-Flying Demos from Day 2 of Finovate Fall 2014

by September 25, 2014 at 11:29 am 3 comments

The second and final day of Finovate Fall 2014 saw several strong presentations on the stage. There was were no drones, costumes or grunting, on Day 2 as there were in Day 1, but overall the demos were stronger, especially early in the day.

Ten Winning Demos from Day 1 of Finovate Fall 2014

Ten Winning Demos from Day 1 of Finovate Fall 2014

by September 23, 2014 at 10:06 pm 3 comments

Finovate Fall 2014 is halfway over and if you were one of the nearly 1,500 attendees packed into New York’s Hilton Midtown, you saw two costumed superheroes on stage grunting as they apparently tried to open an account on a mobile device.

Thee were also 34 other demos.