Retail

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 0 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.

Amid Apple Pay Hubbub, Google Wallet Scores New Partner

Amid Apple Pay Hubbub, Google Wallet Scores New Partner

by October 20, 2014 at 9:40 am 1 comment

In case you forgot, Google still offers a mobile wallet, and it is still closing partnership deals.

Walmart Starts Offering GoBank’s Checking Product

Walmart Starts Offering GoBank’s Checking Product

by October 20, 2014 at 9:16 am 1 comment

GoBank, the mobile-first bank from Green Dot Corp., is now being rolled out across Walmart’s network of more than 4,000 stores. Pictured below are GoBank checking cards on the rack of prepaid cards located next to Walmart’s financial center, where customers can cash checks and pay bills, at a Walmart location inRead More

Why Ebola might kill cash

by October 17, 2014 at 12:02 pm 0 comments

The Fear Factor on Ebola is over the top right now. We are spending countless hours in the media analyzing footage of health workers, figuring out how a nurse in Texas contracted the disease despite strict quarantine procedures, and debating over whether to travel on aircraft. In all of thisRead More

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

PNC and Key Both Talk ‘Mobile-First’ Customers

PNC and Key Both Talk ‘Mobile-First’ Customers

by October 16, 2014 at 11:48 am 0 comments

PNC Bank and Key Bank both discussed mobile-first customers on their earnings calls yesterday.

Big Banks Continue to Rack Up Mobile Banking Users

Big Banks Continue to Rack Up Mobile Banking Users

by October 15, 2014 at 10:28 am 3 comments

Mobile banking user growth shows no sign of slowing at three of the nation’s largest banks.

Social Money’s New Savings Tool Already Gaining Customers

Social Money’s New Savings Tool Already Gaining Customers

by October 10, 2014 at 3:47 pm 0 comments

There’s no secret how challenging it is to make money off of low-balance, “free-checking” customers. (Just ask M&T.) But Social Money‘s president, Scott McCormack, thinks he has a pretty good solution under his roof, and soon he’ll have the clients to prove it. One client is slated to sign ontoRead More

VIDEO: U.S. Bank Uses Humor to Promote P2P

by October 9, 2014 at 11:37 am 3 comments

Minneapolis-based U.S. Bank has a brand-new spot highlighting the bank’s person-to-person payment functionality in its mobile app.