Security

ShopKeep's NFC reader, which is being given to merchants for free

Will NFC Keep Square from Profitability?

by December 16, 2014 at 10:34 am 1 comment

Yes, Square has finally gotten NFC religion. Jack Dorsey, Square’s founder, disclosed in an interview with The New York Times a few days ago that, indeed, Square will unveil NFC functionality, although he offered no release date. Dorsey said only that, “We have committed to making sure our sellers areRead More

Who is Operation Choke Point Really Choking?

Who is Operation Choke Point Really Choking?

by December 12, 2014 at 1:18 pm 1 comment

Operation Choke Point is a coordinated effort by the Department of Justice (DOJ) in conjunction with the Federal Trade Commission (FTC) and the Federal Deposit Insurance Corporation (FDIC) to hold financial institutions and their payment processor partners responsible for allegedly illegal acts committed by merchants and other third-party payees.

DEMOvation Challenge Kicks Off, Offers Free Demo Slots to Startups

DEMOvation Challenge Kicks Off, Offers Free Demo Slots to Startups

by December 12, 2014 at 10:07 am 1 comment

The DEMOvation Challenge is Back. After a successful launch in 2014, Bank Innovation 2015, on March 2-3 in Seattle will once again host an exclusive DEMOvation session. The DEMOvation session will kick-off Day Two of the conference, which brings together FinTech mavens with innovative bankers for a series of in-depth discussions.

Innotribe Opens 2015 Startup Challenge

Innotribe Opens 2015 Startup Challenge

by December 9, 2014 at 10:56 am 0 comments

Innotribe, SWIFT’s FinTech startup initiative, announced its 2015 Startup Challenge locations today, and opened the competition to applications.

Chip and PIN vs. Chip and Signature

Chip and PIN vs. Chip and Signature

by December 8, 2014 at 2:49 pm 2 comments

The planet’s most powerful nation is sure backwards when it comes to the payment card industry: Why has America been using 1970s technology as of the posting date of this article? That magnetic strip on credit and debit cards has GOT to go already! And thank goodness, the transition toRead More

To Transform Branches, Start with Outdated Processes

To Transform Branches, Start with Outdated Processes

by December 4, 2014 at 11:59 am 2 comments

The business model of retail banking is broken, because that business model depends on branches.

Amex Gives TouchID a Vote of Confidence for Biz Cards

Amex Gives TouchID a Vote of Confidence for Biz Cards

by December 4, 2014 at 10:33 am 1 comment

In updating its core cards app for iOS late Tuesday, American Express has given a thumbs up to TouchID security for business cards.

Smartphones Are Getting Better — and That’s a Problem for Mobile Imaging

Smartphones Are Getting Better — and That’s a Problem for Mobile Imaging

by November 25, 2014 at 11:06 am 2 comments

So your new iPhone is quite a bit more powerful than your last one — sharper graphics, better photos, faster processing — great, right? It’s great for consumers, maybe, but not necessarily for software developers. Consider Kofax, Irvine, Calif.-based makers of an enterprise imaging and analytics platform with many bank customers. DaveRead More

Litle Is the Fastest Payment Processor in the World — Again

Litle Is the Fastest Payment Processor in the World — Again

by November 24, 2014 at 11:23 am 2 comments

Once again, Litle & Co. is the fastest payment processor in the world.

Does the Device Make the Payment or the Payment Make the Device?

Does the Device Make the Payment or the Payment Make the Device?

by November 21, 2014 at 11:42 am 2 comments

What comes after mobile in payments? Mobile may be all the rage now, but wearables are coming fast, and then there’s the Internet of Things, and there’s even that guy who embedded his bitcoin wallet in his hand — ouch!

Snapcash is a Window into What Users Don’t Want Snapchat to Know

Snapcash is a Window into What Users Don’t Want Snapchat to Know

by November 19, 2014 at 11:12 am 1 comment

Reactions to the announcement of Snapchat’s new payments service ran the gamut from “the future of payments” to, well, a way to pay people for sending you nude pictures.