Check use may be on the decline, but those little slips of paper don’t seem to be going away. In fact, in its latest iOS update, BBVA Compass, a digital-forward bank, essentially doubled down on checks. The latest app update (v. 4.6) from BBVA Compass offers up a more robust remote-deposit capture.Read More
Post Tagged with: "BBVA Compass"
BBVA has a lot more going on than Simple, cool as that acquisition was. In Jan. 2015, CEO Francisco Gonzalez said, “Some bankers and analysts think that Google, Facebook, Amazon or the like will not fully enter a highly regulated, low-margin business such as banking. I disagree. What is more,Read More
Bank wallets continue to gain ground and add functionality the tech giants will have trouble replicating. Capital One led the way by enabling POS transactions from its mobile app, and JPMorgan Chase followed up with an announcement of Chase Pay, expected in mid-2016. But today BBVA Compass announced the realtime redemptionRead More
Lenders stole the show — and won the two awards — at the BBVA Open Talent competition, held last Tuesday in New York. This is the seventh year the competition has been held, according to Gustavo Vinacua Acosta, director of the innovation center at BBVA. The event was part part of FinTechX,Read More
Not so long ago bankers feared that fintech insurgents like Dwolla wanted to turn FIs into “dumb pipes” moving money around while the fintechs would own the customer experience. Payments platform Dwolla, for one, has moved past wanting to own the customer. “We’re happy to be the pipes,” CEO BenRead More
Umpqua has a brand-new core. The Portland, Ore.-based Umpqua Holdings Corp. said yesterday that it had completed its core upgrade, which was first announced last summer. The core upgrade included the integration of core systems from Sterling Financial Systems, which Umpqua acquired in April 2014, making it, Umpqua said, the West Coast’s largestRead More
Money movement service Dwolla and BBVA Compass Bancshares, the Birmingham, Ala.-based bank, have struck a deal to provide a realtime payment service. Called FiSync, the service is said to move money “faster than a web page takes to load” for BBVA Compass account holders making payments. FiSync launched today. DwollaRead More
Dwolla and BBVA Compass’ recent announcement of a partnership to bring realtime payments to BBVA customers brings Dwolla’s new role into sharp relief, which is that Dwolla is not a P2P company, it is a B2B company.
A newly unveiled service now lets any company offering “banking.” Prepaid player Synchology and savings platform provider Social Money have come together to offer a bank-like product that brands can sell to their customers. The “integrated financial services product” features a Visa prepaid debit account, goal-based savings, a rewards programRead More
The reviews on the BBVA-Simple deal are starting to come in, and they are not pretty. First, the specs. BBVA agreed to acquire Simple today for $117 million. Simple has around 100,000 customers and says it processed $1.7 billion of transactions last year. Brett King, the industry analyst and Moven founder, putRead More