Startups

In Prep for IPO, Uber Makes Payments More Expensive for Its Drivers

In Prep for IPO, Uber Makes Payments More Expensive for Its Drivers

by September 29, 2014 at 10:51 am 1 comment

Uber has quietly been finding new ways to increase revenue — and its first target is payments.

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.

CEO Dorsey Says Square Will Accept Bitcoin

CEO Dorsey Says Square Will Accept Bitcoin

by September 22, 2014 at 11:55 am 6 comments

CEO Jack Dorsey says that Square will be adding Bitcoin support to its terminals.

MasterCard Beta Program Adds Voice & Facial Biometrics

MasterCard Beta Program Adds Voice & Facial Biometrics

by September 18, 2014 at 11:57 am 0 comments

MasterCard launched a pilot beta program to test out voice and facial biometrics.

Merrick Bank Starts E-Gifting with Yiftee Partnership

Merrick Bank Starts E-Gifting with Yiftee Partnership

by September 17, 2014 at 2:39 pm 0 comments

Utah-based Merrick Bank is entering the digital gift space with a partnership with the startup Yiftee, which enables online and mobile gifting.

Stripe Said to Be Headed for IPO or Acquisition

Stripe Said to Be Headed for IPO or Acquisition

by September 17, 2014 at 2:37 pm 0 comments

Stripe, a payments company for developers, “is widely regarded as a potential initial public offering candidate or acquisition target down the road.”

Venmo Cofounders Said to Have Stepped Down

Venmo Cofounders Said to Have Stepped Down

by September 10, 2014 at 5:29 pm 0 comments

Venmo cofounder’s Andrew Kortina and Iqram Magdon-Ismail appear to have stepped down from day-to-day activities at the mobile payments company, multiple sources within the company have told Bank Innovation.

Square to Support Apple Pay — But What About PayPal?

Square to Support Apple Pay — But What About PayPal?

by September 10, 2014 at 9:40 am 2 comments

Square CEO tweets that it will support Apple Pay, but PayPal has been mum about any role in Apple’s new payments initiative.

Why ‘Softcard’ Is Just an Awful Brand Name

Why ‘Softcard’ Is Just an Awful Brand Name

by September 4, 2014 at 11:59 am 0 comments

With the opportunity to rebrand (the payments firm, not the terrorist organization), ISIS could have gone in a multitude of directions. Alas, yesterday it chose “Softcard,” which is, to quote some friends on LinkedIn, a “horrendous choice.”

Funding Circle Amps Up U.S. Growth with LeapPay Purchase

Funding Circle Amps Up U.S. Growth with LeapPay Purchase

by September 2, 2014 at 5:24 pm 0 comments

Funding Circle’s co-founder Sam Hodges spoke to Bank Innovation about the company’s recent funding, the LeapPay acquisition, and Lending Club’s upcoming IPO.