Retail

Apple Considered Buying Discover, Sources Say

Apple Considered Buying Discover, Sources Say

by September 17, 2014 at 8:00 am 0 comments

What’s behind Apple’s internal deliberations about buying Discover? (Hint: China UnionPay.)

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.

GoBank Still Holding Checks Deposited via Mobile for 10 Business Days

GoBank Still Holding Checks Deposited via Mobile for 10 Business Days

by September 15, 2014 at 3:55 pm 0 comments

One month ago, we wrote that GoBank, the mobile bank account from Green Dot Corp., had — at last — eased up on its mobile check deposit policies. The bank was infamous for its stiff risk management policies, holding personal checks for up to 10 days.

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.

Apple Poaching Talent from AmEx, PayPal, Google — for Loyalty Program

Apple Poaching Talent from AmEx, PayPal, Google — for Loyalty Program

by September 12, 2014 at 6:17 pm 11 comments

Apple has been filling out its payments team for the past few months, poaching a number of executives from PayPal, American Express, and others — but not just to prep for Apple Pay’s launch this week.

Mobile Banking’s Boom in Danger as Security, Regs Risks Loom

Mobile Banking’s Boom in Danger as Security, Regs Risks Loom

by September 12, 2014 at 3:20 pm 2 comments

In a sense, things have never looked brighter for mobile banking. Apple’s announcement of Apple Pay is a huge step forward for mobile payments at the point of sale. But problems threaten.

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 34 comments

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

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 Appleā€™s plan to enter the mobile payments space and have made plans accordingly.

VIDEO: Sculley Says M-Payments to Be Apple’s Next ‘Creative Leap’

by September 8, 2014 at 2:42 pm 1 comment

John Scully, the former CEO of Apple Inc., thinks that mobile payments at Apple, expected to be launched tomorrow, will amount to a “creative leap” on par with Apple’s introduction of the iPod or iPhone. Judge for yourself in this video from Bloomberg released today: