Retail

Faster Payments Could Help Speed Economic Recovery

Faster Payments Could Help Speed Economic Recovery

by August 29, 2014 at 11:35 am 0 comments

The U.S. economy remains sluggish, and the cost of funds is set to rise. What can help? Perhaps faster payments, suggests Gene Neyer, senior vice president of global payments with Fundtech.

VIDEO: Local News Story Highlights Mobile Deposit Anxiety

VIDEO: Local News Story Highlights Mobile Deposit Anxiety

by August 26, 2014 at 11:28 am 1 comment

A recent report from Mitek and RemoteDepositCapture.com found that 80% of banks experienced no losses from remote deposite capture. But fears over remote deposit capture remain among consumers

Fed Looks Overseas for the Future of Payments

Fed Looks Overseas for the Future of Payments

by August 21, 2014 at 11:57 am 0 comments

The Federal Reserve is planning to update the existing payments infrastructure, but face several limitations.

For Apps, Wells Ditches BlackBerry, Limits iOS Support

For Apps, Wells Ditches BlackBerry, Limits iOS Support

by August 20, 2014 at 10:27 am 0 comments

Wells Fargo & Co. has ditched BlackBerry for its mobile banking apps, as well as cut support for some iPhones.

GoBank to Return — with Monthly Fees

GoBank to Return — with Monthly Fees

by August 19, 2014 at 10:59 am 1 comment

Apparently GoBank’s experiment letting users choose their monthly fees didn’t work out so well. GoBank has been out of action lately, not allowing new members for the past several months.

Ribbit Capital Files To Raise $125 Million For New Fund

Ribbit Capital Files To Raise $125 Million For New Fund

by August 18, 2014 at 11:32 am 0 comments

Ribbit Capital filed an amendment to increase the target amount for its new fund to $125 million.

What’s the Hidden Strategy Behind the Belly and Level Money App Updates?

What’s the Hidden Strategy Behind the Belly and Level Money App Updates?

by August 15, 2014 at 10:48 am 1 comment

What’s the message behind the major two major updates of fintech apps this week? Belly and Level Money, two upstart fintech apps, released major upgrades this week — Belly yesterday and Level Money on Wednesday. Belly, a rewards app, added a feature called Belly Bites, where users can redeem freeRead More

GoBank Finally Eases Up on Deposit Hold Times

GoBank Finally Eases Up on Deposit Hold Times

by August 15, 2014 at 10:12 am 1 comment

GoBank customers are now on a longer leash. The notoriously conservative neobank operated by prepaid pioneer Green Dot Corp. has eased up on its policy of holding mobile check deposits for as long as 10 days.

Everything You Need to Know About Prepaid

Everything You Need to Know About Prepaid

by August 14, 2014 at 5:38 pm 0 comments

Prepaid cards offer a significant opportunity to broaden product lines and modernize customer‐facing applications without massive changes to core processing systems. How should financial institutions grapple with, take advantage of, or succumb to prepaid in the coming decades?

Fed Payments Panel Advocates Faster Payments

Fed Payments Panel Advocates Faster Payments

by August 14, 2014 at 11:41 am 2 comments

It seems ACH is too slow even for some bankers. Payments in the US lag behind much of the world and many Americans inside and outside of the financial services community would like to move their money more quickly. The Federal Reserve agrees, and convened a roundtable that determined theRead More

Venmo to Add ‘Pay With’ Feature, Targets Mobile E-Commerce

Venmo to Add ‘Pay With’ Feature, Targets Mobile E-Commerce

by August 13, 2014 at 11:55 am 1 comment

Venmo will add a new “Pay With Venmo” service, sources tell Bank Innovation.