SEATTLE — First, there was the Internet of Information. Then, presumably and as yet not fully realized, the Internet of Things. Next comes the Internet of Value. In a prescient presentation here at Bank Innovation 2015, Chris Larsen, the founder and CEO of Ripple Labs, described a future where valueRead More
Stratos Card, an all-in-one card like Coin, Plastc (not yet launched), and Wallaby (bought and repurposed by BankRate in December) launches today. The card was conceived several years ago by CEO Thiago Olson and differs from Coin in significant ways. It feels different than other credit cards, with a textured finish, andRead More
Samsung didn’t just introduce Samsung Pay yesterday. It introduced it with four megabanks as partners. JP Morgan Chase & Co., Bank of America, Citigroup and US Bancorp all are launch partners of Samsung Pay. The four are among the largest card-issuing banks in the nation. Oh, and all four areRead More
Samsung introduced its new Galaxy S6 and S6 edge yesterday in Madrid, and Samsung Pay, its contactless payment initiative built on LoopPay technology, was a big part of the announcement. Below is a first look at Samsung Pay, courtesy of MasterCard, a Pay partner.
It seems Visa will soon make it very easy to pay people on Facebook. Earlier this week Visa Europe announced a partnership with Singapore-based Fastacash, a social payments service. Most of the announcement focused on the rebranding of Visa Europe’s peer-to-peer payment service from Visa Personal Payments to Visa Direct,Read More
Bank of the West joined a select group of banks offering bill pay using the smartphone camera today. The feature, dubbed Scan to Pay, was built by Fiserv (which internally calls it Snap to Pay) with technology licensed from Top Image Systems (TIS). Bank of the West is the firstRead More
It is not often that a company aims to turn auto finance into something else entirely, but that is exactly what Sierra Auto Finance intends to do with its launch of DriverUp today.
Representatives of the 24 banks that collectively own The Clearing House Payments Co., the oldest banking and payments association in the United States, will meet in New York next week to discuss faster payments, according to a representative of one of the member banks. The meeting next week, which isRead More
Alkami Technology scored a big win today, recording a sale of its digital banking platform to Patelco Credit Union. Alka-who? Off-the-radar Alkami was launched in 2009 and has secured $43 million of venture funding to date. The company offers the ORB (online relationship builder) digital banking service, which is what Patelco purchased. Patelco appearsRead More
It’s well known that small businesses are underserved by banks. About one-third of small businesses look outside their banking relationships for financial products such as loans, according to research from Aite Group. Malauzai is looking to help banks serve their small business customers with a new product called Retail+, which empowers retail bankersRead More
How much do you pay your financial advisor? Most investors have no idea — and neither do their advisors. And what return do you get on your portfolio? That’s another question most investors and again, advisors, can’t answer. These are problems. GuardVest is a new Dallas-based startup looking to solve themRead More