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.
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
The Federal Reserve is planning to update the existing payments infrastructure, but face several limitations.
Wells Fargo & Co. has ditched BlackBerry for its mobile banking apps, as well as cut support for some iPhones.
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 filed an amendment to increase the target amount for its new fund to $125 million.
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 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.
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?
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 will add a new “Pay With Venmo” service, sources tell Bank Innovation.