Uber has quietly been finding new ways to increase revenue — and its first target is payments.
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.
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 Jack Dorsey says that Square will be adding Bitcoin support to its terminals.
MasterCard launched a pilot beta program to test out voice and facial biometrics.
Utah-based Merrick Bank is entering the digital gift space with a partnership with the startup Yiftee, which enables online and mobile gifting.
Stripe, a payments company for developers, “is widely regarded as a potential initial public offering candidate or acquisition target down the road.”
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 CEO tweets that it will support Apple Pay, but PayPal has been mum about any role in Apple’s new payments initiative.
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’s co-founder Sam Hodges spoke to Bank Innovation about the company’s recent funding, the LeapPay acquisition, and Lending Club’s upcoming IPO.