Security

Fintech Sandbox Scores a Crucial ‘Lead Sponsor’: Silicon Valley Bank

Fintech Sandbox Scores a Crucial ‘Lead Sponsor’: Silicon Valley Bank

by October 27, 2014 at 11:28 am 1 comment

Fintech Sandbox, a newly launched non-profit looking to cultivate financial services startups, has quietly scored a crucial sponsor: Silicon Valley Bank.

Apple Pay is a Losing Proposition for Midsize Banks

Apple Pay is a Losing Proposition for Midsize Banks

by October 23, 2014 at 11:26 am 2 comments

Midsize banks are losing money on Apple Pay transactions, and the marketing value of their “partnership” with Apple is questionable, says Doug Brown, who leads the mobile strategy and product team at FIS. They will still participate, however, because they have to.

Siri Functionality for Apple Pay Already Works… Kinda

Siri Functionality for Apple Pay Already Works… Kinda

by October 13, 2014 at 12:40 pm 16 comments

Apple Pay & Siri functionality already works in iOS 8.0.2, letting users select their cards via the personal assistant.

Epiphyte, Matchmove Win Fintech Startup Challenge

Epiphyte, Matchmove Win Fintech Startup Challenge

by October 2, 2014 at 10:28 am 7 comments

More than 280 companies entered the Innotribe Startup Challenge but just two emerged triumphant: the money movement service Epiphyte, and Matchmove, which offers virtual credit cards.

Apple Pay to Be Included in iOS 8.1, Sources Confirm

Apple Pay to Be Included in iOS 8.1, Sources Confirm

by October 1, 2014 at 2:00 pm 188 comments

Bank Innovation has confirmed that Apple Pay will be attached to iOS 8.1, scheduled for an October 2014 release.

VIDEO: Bankers Spill On How They Can Defend Against Apple

VIDEO: Bankers Spill On How They Can Defend Against Apple

by October 1, 2014 at 11:49 am 2 comments

On the surface, Apple Pay should make bankers quake. Apple is not required to be a bank in order to offer banking services — which, let’s be honest, includes payments. So why aren’t bankers panicking? The video below, which features Mark Curran, payment technology services director at Lloyds Banking Group, andRead More

What We Hope to See From the Leumi Hackathon

What We Hope to See From the Leumi Hackathon

by September 30, 2014 at 9:29 am 0 comments

To explain the remarkable technology innovation coming out of Israel, one Israeli entrepreneur once said that in the tiny nation, “there’s zero tolerance for work-arounds.,” This is the kind of attitude we are looking forward to seeing aimed squarely at fintech. Indeed, on Oct. 22-23, Leumi, one of Israel’s largestRead More

Identity Thieves Bombarding Call Centers

Identity Thieves Bombarding Call Centers

by September 25, 2014 at 1:21 pm 0 comments

One out of 2,900 seems very small, but when there’s a total of 105 million… then this percentage stacks up in the end. It represents the frequency of calls from fraudsters made to call centers in an attempt to get customer account details so they could steal. Many times theseRead More

12 High-Flying Demos from Day 2 of Finovate Fall 2014

12 High-Flying Demos from Day 2 of Finovate Fall 2014

by September 25, 2014 at 11:29 am 3 comments

The second and final day of Finovate Fall 2014 saw several strong presentations on the stage. There was were no drones, costumes or grunting, on Day 2 as there were in Day 1, but overall the demos were stronger, especially early in the day.

Ten Winning Demos from Day 1 of Finovate Fall 2014

Ten Winning Demos from Day 1 of Finovate Fall 2014

by September 23, 2014 at 10:06 pm 3 comments

Finovate Fall 2014 is halfway over and if you were one of the nearly 1,500 attendees packed into New York’s Hilton Midtown, you saw two costumed superheroes on stage grunting as they apparently tried to open an account on a mobile device.

Thee were also 34 other demos.

Mining Your ATM Data: Extracting the Maximum ROI

Mining Your ATM Data: Extracting the Maximum ROI

by September 20, 2014 at 9:00 am 2 comments

You know your ATM data is a goldmine. But now what do you do about it?