What is to be made of arguably the most polished subversive message on bitcoin that was released recently? A video venture called Silver Lake Studios released a video called “Move over PayPal – There’s a Newer Money in Town” that touts bitcoin as the epitome of subversive financial movements. The videoRead More
Blockchain may be the payments industry’s greatest recent success story. No, really. Which other payments technology, in recent years, has developed so far so fast as the blockchain? (We’d better call say distributed ledgers, of which blockchains are one example, but it doesn’t quite roll off the tongue.) Even further, blockchain has broken beyond paymentsRead More
Traditionally, skimming seems like the most low-brow of security breaches in banking. Until Monday. That’s when what can only be described as a shockingly sophisticated skimming scheme was uncovered by KrebsOnSecurity, a leading security blog. What’s more, the scheme exposes what can only be described as an eyepoppingly idiotic security protocolRead More
Cyber crime sure does pay, according to a report at Intel Security blogs.mcafee.com. There’s a boom in cyber stores that specialize in selling stolen data. In fact, this is getting so big that different kinds of hot data are being packaged—kind of like going to the supermarket and seeing howRead More
Google has split its Wallet service into Android Pay and a Venmo-like peer-to-peer payments service. Now Google appears to have started to phase out the Google Wallet Card, which is a debit card issued by The Bancorp. To be sure, consumers can still order a Google Wallet Card here — IRead More
As part of a new partnership, Bank Innovation will syndicate the radio program “Breaking Banks” on the Bank Innovation website. The most recent episode of “Breaking Banks” featured CBW Bank, Ripple, and Bank Innovation and Fiserv discussing Bank Innovation INV, the new fintech accelerator.
Long live the fintech accelerator. With all due respect to American Banker‘s BankThink portal and Forrester Research, the future could not be brighter for fintech accelerators, and I write that not just because Bank Innovation has launched an, er, fintech accelerator with Fiserv, U.S. Bank, and Cross River Bank. Last week,Read More
The fact that the demo video is hysterically funny actually masks the fact that Notarize, which launches today, is actually a great new app in the wildly sleepy (dare I say, pathetically sleepy?) world of, you guessed it, notary publics. Because of a state law passed in 2011 — watchRead More
Many banks are interested in using distributed ledger technology, but Santander has taken matters a step further by hosting a competition among blockchain startups. The event took place in New York yesterday at an Amazon Web Services popup loft in SoHo. Distributed ledgers are not identical to blockchains, it should beRead More
U.S. Bank mobile customers: Get your thumbs ready. The fifth-largest bank in the nation will add TouchID biometric capabilities to its mobile app in March. U.S. Bank is a participant in Bank Innovation INV, Bank Innovation’s fintech accelerator that launched last week. The company made the disclosure as part of a notable iOSRead More
Dr. Abhijit Bose, head of digital intelligence for consumer & community banking for JPMorgan Chase, will participate in a fireside chat at Bank Innovation 2016 on March 1 in Seattle.
Where are mobile financial services most popular? Try your wrist. Finance apps proved to be among the most popular on wearable devices, according to App Annie’s 2015 Retrospective report. On smartphones and tablets, finance apps didn’t make the Top 10. There was one market, however, that proved an exception: China. In China,Read More