Retail

Samsung Pay Hits the Scene With 4 Megabanks on Board

Samsung Pay Hits the Scene With 4 Megabanks on Board

by March 2, 2015 at 11:23 am 0 comments

Samsung didn’t just introduce Samsung Pay yesterday. It introduced it with four megabanks as partners. JP Morgan Chase & Co., Bank of America, Citigroup and US Bancorp all are launch partners of Samsung Pay. The four are among the largest card-issuing banks in the nation. Oh, and all four areRead More

First Look at Samsung Pay [VIDEO]

by March 2, 2015 at 10:20 am 1 comment

Samsung introduced its new Galaxy S6 and S6 edge yesterday in Madrid, and Samsung Pay, its contactless payment initiative built on LoopPay technology, was a big part of the announcement. Below is a first look at Samsung Pay, courtesy of MasterCard, a Pay partner.

Fastacash Deal Will Let Visa Power Payments on Facebook

Fastacash Deal Will Let Visa Power Payments on Facebook

by February 27, 2015 at 10:35 am 1 comment

It seems Visa will soon make it very easy to pay people on Facebook. Earlier this week Visa Europe announced a partnership with Singapore-based Fastacash, a social payments service. Most of the announcement focused on the rebranding of Visa Europe’s peer-to-peer payment service from Visa Personal Payments to Visa Direct,Read More

Bank of the West Launches Photo Bill Pay

Bank of the West Launches Photo Bill Pay

by February 26, 2015 at 11:54 am 1 comment

Bank of the West joined a select group of banks offering bill pay using the smartphone camera today. The feature, dubbed Scan to Pay, was built by Fiserv (which internally calls it Snap to Pay) with technology licensed from Top Image Systems (TIS). Bank of the West is the firstRead More

Associated Bank Cutting Branches to Fund Mobile

Associated Bank Cutting Branches to Fund Mobile

by February 25, 2015 at 11:52 am 1 comment

Associated Bank, a Green Bay, Wisc.-based institution with $26.5 billion in assets, had 315 branches in 2007. Today, it has 225. Is the bank in trouble? Far from it. The bank is pursuing the cost savings from branch closures, in part, to fuel the bank’s digital efforts. Cutting its branch network byRead More

Google Sticking It to Softcard Users

Google Sticking It to Softcard Users

by February 25, 2015 at 10:24 am 1 comment

Softcard users will get no love from Google in the wake of the search giant’s acquisition of the telco-built mobile wallet platform. In an FAQ published since plans for the acquisition were announced last Monday, Google disclosed that no user information stored in Softcard will be transferred over to Google Wallet.Read More

No, Google Did Not ‘Level the Playing Field’ Buying Softcard

No, Google Did Not ‘Level the Playing Field’ Buying Softcard

by February 24, 2015 at 11:35 am 0 comments

Where does the acquisition (read: assumption) of Softcard leave Google in its drive to compete with Apple Pay? Not as far along as some industry observers would suggest. Wired offered a glowing review of the deal. But with Softcard out of the running, and wireless carriers now doing the distribution legworkRead More

What Is the Pay.gov Deal Really Worth to PayPal & Dwolla?

What Is the Pay.gov Deal Really Worth to PayPal & Dwolla?

by February 20, 2015 at 11:34 am 0 comments

On the surface, the deal making PayPal and Dwolla payment options on Pay.gov, the US Treasury’s online payments hub, looks massive — trillions-of-dollars massive. After all, the US Treasury reports that the federal government processed $3.73 trillion (with a T) in fiscal year 2014, 98% of which was settled electronically.Read More

Malauzai to Release Small Business Software for Retail Bankers

Malauzai to Release Small Business Software for Retail Bankers

by February 17, 2015 at 12:49 pm 0 comments

It’s well known that small businesses are underserved by banks. About one-third of small businesses look outside their banking relationships for financial products such as loans, according to research from Aite Group. Malauzai is looking to help banks serve their small business customers with a new product called Retail+, which empowers retail bankersRead More

Robocoin Will Offer Bitcoin and Remittance Services to All ATMs

Robocoin Will Offer Bitcoin and Remittance Services to All ATMs

by February 13, 2015 at 11:52 am 0 comments

Robocoin, known for opening the world’s first bitcoin ATM in Vancouver, Canada, in October 2013, told investors yesterday that it has launched a public bitcoin wallet and will offer a software development kit that adds Robocoin’s functionality to traditional ATMs. The company has diversified its offerings since it started as a hardwareRead More

It’s not just the Underbanked who are Underbanked

It’s not just the Underbanked who are Underbanked

by February 11, 2015 at 3:26 pm 0 comments

We’re all underbanked.  A lion-share of Americans aren’t “making bank.”  Most of us simply don’t earn enough to support a basic standard of living.  Yes, there is a big part of our population that poorly utilizes banks and therefore over-utilizes expensive solutions that leave most of their customers poorer.  The larger reality is that the…