Security

Top 5 Reasons to Read Ron Shevlin’s New(ish) Book

Top 5 Reasons to Read Ron Shevlin’s New(ish) Book

by May 22, 2015 at 11:28 am 1 comment

In a sense, if you’ve been reading Ron Shevlin’s Snarketing 2.0 blog, now part of The Financial Brand, you have already read his book Smarter Bank, published Jan. 30. Much of the material is familiar, but lacking the vibrant comment section that followed those online posts. So why would anyone in FinTechRead More

Identity Fraud and Apple Pay: A Discussion

Identity Fraud and Apple Pay: A Discussion

by May 20, 2015 at 10:08 am 1 comment

The payments space moves at what seems like the speed of light.  New products and companies are introduced almost daily, everyone is chasing the next unicorn, and a winner of mobile wallets is declared and then re-declared every other hour by payment pundits. Below is a follow-up conversation from the EmergingRead More

In the Bank Account of the Future, Context is King

In the Bank Account of the Future, Context is King

by May 14, 2015 at 11:51 am 0 comments

SAN JOSE, Calif. – Three companies gave Finovate attendees a look at the bank account of the future yesterday: Moven, CBW Bank/Yantra Financial, and NAMU. The second and concluding day of the conference saw 31 companies show their wares, and a major theme was providing context around transactions. As RonRead More

Purge the Word ‘Frictionless’ from Banking

Purge the Word ‘Frictionless’ from Banking

by May 13, 2015 at 8:59 am 3 comments

SAN JOSE, Calif. — It’s time to relegate the phrase ‘frictionless’ to the FinTech trashbin. It will join words such as “omnichannel,” “disruption,” and “mobilefirst” in exile. All were used so often that they lost all meaning and just plain got on everyone’s nerves. Removing friction from financial services — with orRead More

Can Green Dot Replace MoneyPak, Its Cash Cow (and Headache)?

Can Green Dot Replace MoneyPak, Its Cash Cow (and Headache)?

by May 8, 2015 at 11:14 am 2 comments

What happens when you need to shutter a successful product? If you’re Green Dot, you invest in other products, and diversify. The company is developing new products and channels and bought two small competitors and a tax refund processing company, as it deals with the loss of a profitable product, MoneyPak,Read More

Mega Social Media Data for Financial Services Has Arrived

Mega Social Media Data for Financial Services Has Arrived

by May 7, 2015 at 11:24 am 2 comments

It wasn’t too long ago that the suggestion that social media data could feed financial services underwriting and products was, well, dubious. Yes, we paid it lip service — isn’t it cool that OnDeck and Lenddo are using social media to make loans? The lip service ends today. Like a slow-moving glacier thatRead More

The Disappearing Check: How Long Until the End?

by May 7, 2015 at 7:46 am 3 comments

“The remaining lifetime of the check is directly related to the death rate among citizens over age 65.” That comment from one of our overseas partners sums up a common perception of check usage in America, and for that matter, anywhere else. Paper checks are going away — they’re anRead More

ShoCard Will Help Banks Authenticate Users — With the Blockchain

ShoCard Will Help Banks Authenticate Users — With the Blockchain

by May 6, 2015 at 2:39 pm 2 comments

Could the blockchain be the answer to banks’ identity issues? Proving a user’s identity online can be a tricky business. (See “Apple Pay fraud.”) Passwords are hard to remember and easy to steal. Banks know this better than anyone, and yet most bank apps still rely on this old-fashioned and grossly inadequateRead More

Ripple Labs Fined by FinCEN for Money Laundering Violations

Ripple Labs Fined by FinCEN for Money Laundering Violations

by May 5, 2015 at 5:59 pm 2 comments

Ripple Labs today earned the dubious distinction of being the first virtual currency exchange to be fined by FinCEN for failing to comply with anti-money laundering rules. This is sure to send a chill through the world of virtual currency. The San Francisco-based company, which allows for rapid inexpensive movementRead More

Is There a Case for a Hardware Bitcoin Wallet?

Is There a Case for a Hardware Bitcoin Wallet?

by May 5, 2015 at 11:20 am 2 comments

A company called Case introduced a hardware bitcoin wallet yesterday at Day 1 of TechCrunch Disrupt’s two-day Startup Battlefield. The device resembles a black credit card or small calculator, much like Coin. But is there really a need for a hardware bitcoin wallet for the retail market? The company looks to solve the problemRead More

Western Union Will Give Ripple a Chance

Western Union Will Give Ripple a Chance

by April 29, 2015 at 11:11 am 9 comments

News broke yesterday at the Milken Institute’s Global Conference 2015 that Western Union is planning an “experiment” with Ripple Labs, the group behind the Ripple protocol. In Oct. 2013, when Ripple struck a deal with the money transfer service ZipZap, it was called a threat to Western Union. At that time, Western UnionRead More