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.
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.
Lost in the flurry of Apple Pay news was Visa’s roll out of contactless payments across London’s entire transit system.
MasterCard launched a pilot beta program to test out voice and facial biometrics.
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.
For Apple, privacy means not even securing data, but abstinence from it. What about the rest of the fintech world?
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.
In an interview with Bank Innovation, MasterCard shared the technical security details for Apple Pay, which will launch next month.
My greatest surprise in respect to Apple’s announcement was that it had taken them until the iPhone 6 to do payments.
Sources tell us that Visa and MasterCard are looking to advance all mobile wallets by lowering their transaction fees.
This Apple Pay demo makes it clear just how central Touch ID is to the Apple Pay experience.