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
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.
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, SWIFT’s FinTech startup initiative, announced its 2015 Startup Challenge locations today, and opened the competition to applications.
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
The business model of retail banking is broken, because that business model depends on branches.
In updating its core cards app for iOS late Tuesday, American Express has given a thumbs up to TouchID security for business cards.
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
Once again, Litle & Co. is the fastest payment processor in the world.
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!
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.