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Authentication of users, particularly users of mobile banking, was top of mind at Finovate, as was mobile wallet. This is fitting, since a recent study showed security fears were the number one reason holding back mobile wallet adoption. None of the five Best of Show award winners were from these two prominent product categories....
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Finovate Day 2 Afternoon Recap, Reaction, and Ratings, from Bank Innovation Curaxian Curaxian is taking on ecommerce payment fraud. Curaxian analyzes payments data to cut down on manual review costs. Fighting fraud costs time, money and lost orders, so Curaxian is looking to automate it and stop fraud without stopping good orders. The fraud...
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We’re into Day 2 here at Finovate. Bank Innovation has been following the presentations and here’s our recap and ratings for your reading pleasure. SESSION 1 Finovera Finovera is a tool for simplifying and managing your financial life. Users can organize various accounts and pay bills without dealing with a stack of paper bills. It’s...
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Bank Innovation attended Finovate Spring 2013 in San Francisco and rated all the presenters. Here’s the second half of Day 1′s presenters. SESSION 3 Corduro Corduro introduced a cloud-based multichannel transaction engine called PayMobile. The mobile wallet solution works with cards but is designed for the smartphone. On the other end of the transaction,...
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Couldn’t make it to Finovate Spring 2013 in San Francisco? Bank Innovation did, and recorded — and rated on a scale of 1 to 5 — all the action on the big stage. SESSION 1 EyeVerify EyeVerify is a biometric verification system for online banking logins. Users “sign in” with an eyeprint – a...
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Developers have long used PayPal’s Mobile Payment Libraries to develop in-app mobile payment functionality. But yesterday PayPal quietly completed the rebranding and relaunch of Mobile Payment Libraries as Mobile SDK with the introduction of SDK for Android. (IOS Mobile SDK was introduced last March.) Mobile SDK, apparently, is expected to better sell PayPal as a...
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Anything Donald Trump does engenders a certain revolution. There’s no better sign of over exploitation of a concept or business than when the Donald gets involved. Last week, the Donald did his thing on crowdfunding with the launch of FundAnything, a crowdfunding venture of, well, anything. His partner on the venture, Bill Zanker, told AllThingsD...
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Financial institutions own the customer’s primary relationship with his money, so patience and persistence should win them the mobile wallet wars, right? Maybe. In a panel discussion on mobile payment trends at a recent event in the Carlisle & Gallagher Insight Series, attention was called to the carriers, who control something equally important: the...
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When will checks die? Brett King has predicted the last personal check will be written in the US in 2018. Wells Fargo & Co. appears to have grown tired of waiting for ACH payments to clear, as well. On mortgage documents viewed by Bank Innovation recently, the bank writes: If you choose to pay...
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Call it the Year of the Prepaid Card. It is estimated that prepaid purchase volume will top $150 billion this year and is expected to grow $45 billion over the next five years, according to Javelin Research & Strategy. Between 2009 and 2012 consumer use of prepaid cards grew 71%. So what is driving all this...
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