As checks go out of style in the consumer payments space, business-to-business and business-to-consumer payments still largely depend on the old checkbook. At least this is the case at Chase, according to Douglas Petno, chief executive of commercial banking. We estimate that our clients spend over $0.5 trillion on businessRead More
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Western Union is diversifying. Its main business, cross-border peer-to-peer payments, faces significant threat of disruption, and rightly so — these payments can be expensive, slow, and far from transparent. Western Union is among the world leaders in the market, moving $75 billion in 2015, some 15% of total consumer remittances. ButRead More
It’s a good time to be looking for a Series B raise, apparently. Our last top 5 fintech rounds toured fintech’s human touch — firms working to improve the human condition through healthcare, technological interfaces, and the like. This week’s funding news spans the globe, from the U.S., to Latin America,Read More
Dwolla today introduced a white label service that allows financial institutions to use its FiSync “pipe” for its own faster payments service. Dwolla is also white-labeling an ACH application. The white label offerings allow financial institutions to present a payments API to their clients, with the FI’s “look, feel, and name on end-userRead More