Innovations

Dwolla Moves Deeper into Commercial with BBVA Deal

Dwolla Moves Deeper into Commercial with BBVA Deal

by October 30, 2014 at 4:54 pm 0 comments

Dwolla and BBVA Compass’ recent announcement of a partnership to bring realtime payments to BBVA customers brings Dwolla’s new role into sharp relief, which is that Dwolla is not a P2P company, it is a B2B company.

Square, Venmo ‘Simpler’ Than Banks

Square, Venmo ‘Simpler’ Than Banks

by October 30, 2014 at 11:20 am 1 comment

A new study on brand simplicity has ranked “financial disruptors” higher — as in simpler — than traditional banks.

Consumers Who Make Daily Mobile Payments Quadruples in 2 Years

Consumers Who Make Daily Mobile Payments Quadruples in 2 Years

by October 30, 2014 at 10:23 am 0 comments

The percentage of the consumers who make daily mobile payments has quadrupled since 2012, according to new data. According to the Accenture data, 4% of the world’s consumers are currently making daily mobile payments. In 2012, but 1% of consumers did so.

MCX Must Get to Market Soon or Risk Defections

MCX Must Get to Market Soon or Risk Defections

by October 29, 2014 at 11:26 am 1 comment

The so-called payments war between MCX/CurrentC and Apple Pay is reaching a fever pitch — but one of the fighters hasn’t even shown up on the field, yet.

Ripple Ecosystem Expands with British Startup Ripula

Ripple Ecosystem Expands with British Startup Ripula

by October 27, 2014 at 3:31 pm 0 comments

Ripple Labs has been making waves in the money movement sector, lately, and the company has ambitions that extend even beyond the world of currency. Last month it announced three new bank partners and now a London -based startup called Ripula has built a gateway to Ripple’s platform, the first in the U.K..

Fintech Sandbox Scores a Crucial ‘Lead Sponsor’: Silicon Valley Bank

Fintech Sandbox Scores a Crucial ‘Lead Sponsor’: Silicon Valley Bank

by October 27, 2014 at 11:28 am 1 comment

Fintech Sandbox, a newly launched non-profit looking to cultivate financial services startups, has quietly scored a crucial sponsor: Silicon Valley Bank.

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 2 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 69 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