Three banks are now live with realtime peer-to-peer payments on the ClearXchange network: U.S. Bank, Bank of America, and as of yesterday, JPMorgan Chase. U.S. Bank and Bank of America joined the realtime network in March. P2P payments were realtime within Chase since 2012, but now they are realtime amongRead More
Post Tagged with: "Capital One"
Capital One is known for being a digital company, and for its celebrity-driven marketing, but it’s also a bank with branches, and those branches need to be updated. CEO Richard Fairbank usually talks about his bank’s digital efforts when he has a good audience, but on yesterday’s earnings call, heRead More
In the second month of Credit Karma’s dynasty, first of its name, lord of our financial hindsight, some significant shifts in app downloads and usage occurred. PayPal was knocked down to fifth place on iOS, close to mirroring its sixth place home on Google Play. Likewise, Wells Fargo Mobile fellRead More
Bank of America Corp. needs to wait “a few months” for its clearXchange partners to catch up to it. The megabank’s CEO, Brian Moynihan, said yesterday that clearXchange was “a few more months” from “heavy” marketing of the P2P payments platform. The holdup? The other partners. “We’re up and operatingRead More
Credit Karma is still king, but tax preparation apps and investment apps also made a strong showing in this week’s app rankings. This week in the chronicles of apps in the shadow of Credit Karma’s dynasty (first of its name, guardian of credit), some interesting newcomers have joined the top 20 thisRead More
The branchless financial institution Ally Bank is expanding its offerings with the upcoming acquisition of TradeKing, a wealth management platform, announced yesterday. Ally had floated this ambition back in February. Ally has been adding to the functionality of its mobile app at a fast clip recently. Just last month, the bank announced theRead More
Capital One Financial Corp. may be based in McLean, Va., but it’s adding significant innovation staff to its New York office. Job ads for more than a dozen positions in the Big Apple were recently posted, and quite a few of them directly relate to the bank’s innovation effort. Here are just aRead More
Credit Karma and Chase Mobile are old rivals for the top ranking in iOS and Android for finance apps. But after three weeks, Credit Karma unseated Chase Mobile this week on both the iOS and Android platforms. Packed below the new leader and the newly demoted Chase Mobile are BankRead More
This week we’ve kept an eye on Capital One’s March 14th relaunch of #RoadToOne hashtag, the bank’s proprietary handle on its sponsorship for NCAA’s March Madness basketball tournament. With a Twitter reach of over 7.5 million, CapOne’s branding is clearly winning more followers than a bank would otherwise expect. Sprinkled across the bank’s Twitter page are a series ofRead More
Scott Totman, head of mobile technology, payments, and innovation at Capital One, will join the Proof of Concepts panel at Bank Innovation in Seattle on Feb. 29. The panel touches on what is perhaps the central theme of the conference — how do banks and fintech startups work together?