U.S. Bank mobile customers: Get your thumbs ready. The fifth-largest bank in the nation will add TouchID biometric capabilities to its mobile app in March. U.S. Bank is a participant in Bank Innovation INV, Bank Innovation’s fintech accelerator that launched last week. The company made the disclosure as part of a notable iOSRead More
Post Tagged with: "Apple"
Which companies are processing Apple Pay transactions? Thanks to Brian Roemmele’s Pay Finders, we now have a much better idea which merchants are accepting Apple Pay. But how do merchants know which processors can help them accept Apple Pay transactions? This is particularly pressing for merchants in Canada and Australia, where AppleRead More
There are holiday parties, and then there is Square‘s holiday party. By the looks of it, the now-publicly traded payments company still throws the best fintech holiday party around. Held last week at the San Francisco Armory, it featured everything you would expect, including Jack Dorsey doing Instagram shots with theRead More
MCX: It’s alive! It’s dead! It’s alive again! Actually, does the recent news about a forthcoming Target Wallet, announced just a week or so after Walmart Pay, means it’s really and truly dead? MCX and its long-promised app, CurrentC, have delayed coming to market for so long that it’s becomeRead More
One of the nation’s biggest banks is taking on PayPal in the shopping space. Wells Fargo Wholesale (@WellsFargoB2B) tweeted today about its beacon offering to support merchants during the year’s busiest shopping season. Here’s the tweet: How can #beacons help you build brand loyalty and improve your customers’ experiences? https://t.co/glK77lt4IM — WellsFargo Wholesale (@WellsFargoB2B)Read More
Fintech startups are everywhere, but banks still own the customer, right? Maybe not. An interesting discussion took place last week in Tel Aviv at Bank Innovation Israel between three bankers with differing viewpoints on this issue. The panel discussion, hosted by Paul Schaus, CEO of the consultancy CCG Catalyst, wasRead More
Apple is doubling down on payments, but it may actually be about authentication. The Cupertino, Calif.-based tech giant is expected to launch a peer-to-peer money transfer service sometime in 2016, according to a report this week from the Wall Street Journal. Apple is no stranger to P2P — it filedRead More
Pay Finders, a new app from noted payments expert Brian Roemmele that shares Apple Pay locations, was released yesterday in the Apple Store, and it turns out there are more than 3.2 million of them now. So much for Apple Pay not being “widely” available. Check out the video below.
Rewards are arguably the key driver in mobile payments. That’s because: 1) swiping a card is as easy as tapping a phone, though dipping a card may be another matter; and 2) mobile payments in the U.S. basically means Starbucks. The rest, for now, are used only occasionally by earlyRead More
Ally Bank will become the latest bank to launch a smartwatch app later this month. Ally is also continuing its tradition of mobile innovation with an Apple Watch, set to launch later this month, Ally Bank President & CEO Diane Morais told Bank Innovation. The app will include functionality toRead More
Google is making things confusing with its proliferating wallets. Google, now part of an umbrella company called Alphabet, recently repositioned Google Wallet as a pure person-to-person payment app, reserving in-store payments for its yet-to-be-released Android Pay app. The old Google Wallet app will be renamed “Android Pay,” while the P2P optionRead More
Apple offered at its September “special event” today a credit plan for its phones backed by Citizens Bank. But where was Apple Pay? A June Forbes article declared “almost no one” is using the mobile payments service, and the gloom hung over Apple Pay all summer. Samsung Pay launched, AndroidRead More