Security

The Subversive Message Around Bitcoin Rings Hollow

by February 11, 2016 at 12:29 pm 0 comments

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

10 Ways Blockchain Will Change Financial Services

10 Ways Blockchain Will Change Financial Services

by February 10, 2016 at 11:44 am 2 comments

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

Shocking Security Failure Uncovered in NCR, Diebold ATMs

Shocking Security Failure Uncovered in NCR, Diebold ATMs

by February 10, 2016 at 11:18 am 0 comments

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

How Much Is Illicit Bank Data Worth Online?

How Much Is Illicit Bank Data Worth Online?

by February 10, 2016 at 11:12 am 1 comment

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

Is Google Starting to Back Away From Google Wallet Card?

Is Google Starting to Back Away From Google Wallet Card?

by February 9, 2016 at 11:41 am 1 comment

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

Breaking Banks: Ways to Foster Innovation [AUDIO]

Breaking Banks: Ways to Foster Innovation [AUDIO]

by February 7, 2016 at 1:36 pm 0 comments

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.

Fintech Accelerators Are Not Destined to Die

Fintech Accelerators Are Not Destined to Die

by February 4, 2016 at 10:35 am 0 comments

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

Notarize Launches Today with One of the Funniest Demo Vids Ever [VIDEO]

Notarize Launches Today with One of the Funniest Demo Vids Ever [VIDEO]

by February 4, 2016 at 10:05 am 0 comments

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

Cambridge Blockchain Wins Santander/Onevest Distributed Ledger Challenge

Cambridge Blockchain Wins Santander/Onevest Distributed Ledger Challenge

by January 28, 2016 at 12:42 pm 0 comments

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 to Add TouchID to Its iOS App in March

U.S. Bank to Add TouchID to Its iOS App in March

by January 25, 2016 at 10:39 am 1 comment

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

JPMorgan Chase’s Bose to Fireside Chat at Bank Innovation

JPMorgan Chase’s Bose to Fireside Chat at Bank Innovation

by January 21, 2016 at 6:02 pm 0 comments

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.

Finance Apps Shine on Wearables

Finance Apps Shine on Wearables

by January 21, 2016 at 12:00 pm 1 comment

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