Innovations

VIDEO: A Contactless, Uh, Revolution Just Took Place in London

by September 19, 2014 at 11:46 am 1 comment

Lost in the flurry of Apple Pay news was Visa’s roll out of contactless payments across London’s entire transit system.

MasterCard Beta Program Adds Voice & Facial Biometrics

MasterCard Beta Program Adds Voice & Facial Biometrics

by September 18, 2014 at 11:57 am 0 comments

MasterCard launched a pilot beta program to test out voice and facial biometrics.

Bank (Finally) Offers a Better Way to Pay Down Student Debt

Bank (Finally) Offers a Better Way to Pay Down Student Debt

by September 16, 2014 at 10:51 am 1 comment

It’s hard to get millennials to open bank accounts. What do they need bank accounts for with all the great prepaid cards and other options out there? Boston-based First Trade Union Bank, already known for working with LevelUp on its payments app, is now partnering with SmarterBucks to produce a debit card that helps pay down student loans.

Never Mind Apple’s Stance, Data Remains a Core Payments Pursuit

Never Mind Apple’s Stance, Data Remains a Core Payments Pursuit

by September 16, 2014 at 10:26 am 2 comments

For Apple, privacy means not even securing data, but abstinence from it. What about the rest of the fintech world?

Everyone Wants Under the Apple Tree

Everyone Wants Under the Apple Tree

by September 15, 2014 at 3:02 pm 0 comments

Never in the history of payments has there been such a media-frenzied, corporate disrupting and consumer-captivating moment as last week’s unveiling of Apple Pay.

Here’s How the Security Behind Apple Pay Will Really Work

Here’s How the Security Behind Apple Pay Will Really Work

by September 12, 2014 at 11:50 am 37 comments

In an interview with Bank Innovation, MasterCard shared the technical security details for Apple Pay, which will launch next month.

ApplePay and the iPhone 6: Resistance Is Futile

ApplePay and the iPhone 6: Resistance Is Futile

by September 10, 2014 at 2:39 pm 0 comments

My greatest surprise in respect to Apple’s announcement was that it had taken them until the iPhone 6 to do payments.

Visa, MasterCard in Talks with Mobile Wallets for ‘Cardholder Present’ Rate

Visa, MasterCard in Talks with Mobile Wallets for ‘Cardholder Present’ Rate

by September 10, 2014 at 11:47 am 21 comments

Sources tell us that Visa and MasterCard are looking to advance all mobile wallets by lowering their transaction fees.

DEMO: Apple Pay Is Wicked Cool

DEMO: Apple Pay Is Wicked Cool

by September 10, 2014 at 11:04 am 3 comments

This Apple Pay demo makes it clear just how central Touch ID is to the Apple Pay experience.

VIDEO: Bootleg of Apple Introducing Apple Pay

by September 9, 2014 at 2:57 pm 0 comments

Apple takes aim at the $12 billion-per-day payments industry with Apple Pay. Here’s a bootleg of Eddy Cue, SVP at Apple, unveiling Apple Pay today.

Square, PayPal Expected to Work with Apple on Payments, Sources Say

Square, PayPal Expected to Work with Apple on Payments, Sources Say

by September 9, 2014 at 10:41 am 22 comments

Sources tell Bank Innovation that Square and PayPal have been aware of Apple’s plan to enter the mobile payments space and have made plans accordingly.