Retail

Say Hello to Our Spring 2016 Class of Startups

Say Hello to Our Spring 2016 Class of Startups

by April 28, 2016 at 11:00 am 0 comments

Bank Innovation INV, this blog’s fintech accelerator, is pleased to today to announce the six extraordinary startups that have been admitted to its inaugural class. The companies selected from applications received from startups around the world are: CrossCues Dyme GoldBean Hermetic Security Spare We Are Briqs The companies, chosen after aRead More

Capital One Will Triple Its Spending on Branch Optimization in 2016

Capital One Will Triple Its Spending on Branch Optimization in 2016

by April 27, 2016 at 11:59 am 0 comments

Capital One is known for being a digital company, and for its celebrity-driven marketing, but it’s also a bank with branches, and those branches need to be updated. CEO Richard Fairbank usually talks about his bank’s digital efforts when he has a good audience, but on yesterday’s earnings call, heRead More

Wall Between Mobile and Desktop Disappearing — But What About Payments?

Wall Between Mobile and Desktop Disappearing — But What About Payments?

by April 25, 2016 at 12:54 pm 0 comments

Google has signaled that Android apps will soon run on Chromebooks — yet another sign that “mobile” and “desktop” experiences are converging, and that a single online experience will operate across different devices (including your refrigerator). A Redditor spotted code this weekend indicating Google’s Chrome OS will soon allow users to enable Android Apps, presumably including Android Pay (Samsung PayRead More

Holvi Adds Long-Promised Business MasterCard — But Where’s BBVA?

Holvi Adds Long-Promised Business MasterCard — But Where’s BBVA?

by April 22, 2016 at 11:04 am 0 comments

Finnish banking service Holvi announced in March it was joining the Spanish megabank BBVA, which also acquired Simple, but its digital presence makes no mention of it. Nor was BBVA mentioned in the announcement of Holvi’s long-awaited MasterCard for businesses. The card, which will become available April 26, was first discussed aboutRead More

How Payments Is Fueling China’s E-Commerce Megaboom

How Payments Is Fueling China’s E-Commerce Megaboom

by April 20, 2016 at 9:56 pm 0 comments

HONG KONG — The numbers are in “holy *$#%” territory. “The numbers” are for e-commerce sales in China, and they are astounding. In the first two months of 2016, China’s online retail sales hit $98.2 billion, an increase of 27% over the previous year. That puts it on pace to hit around $590Read More

Will Realtime Payments Bring Real Money for Banks?

Will Realtime Payments Bring Real Money for Banks?

by April 20, 2016 at 4:49 pm 2 comments

Should consumers and businesses pay for realtime payments or not? This difference of opinion is apparently creating some “discord” in the clearXchange network between the first two active members: U.S. Bank and Bank of America. Speaking to investors this morning, U.S. Bank CEO Richard K. Davis spoke on the importance ofRead More

Most Bankers Want to Update Their Cores — But Don’t Expect To

Most Bankers Want to Update Their Cores — But Don’t Expect To

by April 19, 2016 at 11:37 am 2 comments

Bankers want modern cores — but most don’t plan to do anything about it. That’s the slightly depressing conclusion of a recent study by NTT Data Consulting, formerly known as Carlisle & Gallagher. While 80% of banks plan to assess their core systems within the next three years, just 4%Read More

TD Bank Launches Moven-Powered MySpend To Help Canadians Spend Wisely

TD Bank Launches Moven-Powered MySpend To Help Canadians Spend Wisely

by April 15, 2016 at 1:59 pm 1 comment

TD Bank announced yesterday that Moven’s real-time money-management tool was live in its mobile app for Canadian customers. This is the first tool of its kind for a Canadian bank. TD MySpend is a companion app to the TD mobile app for both Android and iOS platforms. It leverages Moven’s personal financial managementRead More

With Geezeo Partnership, Malauzai Adds PFM

With Geezeo Partnership, Malauzai Adds PFM

by April 12, 2016 at 12:54 pm 1 comment

Austin, Texas-based Malauzai‘s online and mobile platforms will now include personal financial management tools. This means that before you pay that bill with a snap of your smartphone camera, you can check what other bills are coming due this week, and how much this will cut into your planned tripRead More

Payments in Iran Now Said to Be Possible

Payments in Iran Now Said to Be Possible

by April 12, 2016 at 12:03 pm 2 comments

Yet another barrier to business in Iran appears to have fallen. Paymentwall, a San Francisco online payments company, announced today that it has integrated its payment services into the Shetab, which is Iran’s “unified, electronic clearance system for the entire Iranian banking operations that allows it to facilitate transactions fromRead More

Fintech’s Power Grab — in The New York Times

Fintech’s Power Grab — in The New York Times

by April 7, 2016 at 12:11 pm 0 comments

Ok, it’s safe to say fintech has hit the big time. The New York Times covered the subject — and the word — in depth yesterday, in a special section called “Fintech’s Power Grab.” The lead item, by Andrew Ross Sorkin of CNBC fame, focuses on the fintech challenge toRead More

FedEx Gets Deeper Into the Digital Payments Business

FedEx Gets Deeper Into the Digital Payments Business

by April 7, 2016 at 9:31 am 0 comments

Welcome to FedEx, the payments business. Amazon may be taking on FedEx in its core delivery business, but FedEx is also beefing up its competition with Amazon, as well as digital payments companies the world over. In an effort to capture a larger slice of the growing e-commerce market, FedEx re-launchedRead More