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
Post Tagged with: "Apple"
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 Finder, 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
Around this time last year, the payments industry waited with much anticipation as Apple prepared to announce a move into mobile transactions that was expected to redefine the ecosystem as we knew it. From that anticipation, Apple Pay was born, and now nearly one year after its introduction the solutionRead More
Listen to this: Bankjoy, the Y Combinator alum startup, is hotly working on a banking app for Apple Watch that will rely on voice for functionality. Dick Tracy would be thrilled. Michael Duncan, the founder and CEO of Bankjoy, told us yesterday that the Apple Watch app will be doneRead More
The mobile banking apps of the 10 largest banks in the U.S. just don’t measure up. The average iOS iTunes score for those apps is short of the average score for the most popular fintech apps — make that, well short. On a scale of one to five, with five being theRead More
Nearly a year after it was announced on Sept. 9, 2014, Apple has released a video promoting its Apple Pay mobile payment service. The video racked up more than 100,000 views in 24 hours. Apple Pay has been much feted in the press, but adoption has been underwhelming in absoluteRead More
Synchrony Financial is actively engaged in the work to allow its cards to run through Samsung Pay, Android Pay and CurrentC, Bank Innovation has learned. Carol Juel, chief information officer of Synchrony, the nation’s largest private-label credit card issuer, told Bank Innovation today that the Samsung Pay functionality, for example, shouldRead More