Banks still have an advantage over Facebook, Twitter, and Snapchat in the payments industry when it comes to one thing: trust.
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A month ago you could buy a bitcoin from Mt.Gox for under $200. Last week, it would have cost you around $400. At press time today, that same bitcoin costs about $670. What’s going on? Why would any use so volatile a currency? Alternatively, the Dow Jones Industrial Average toppedRead More
Call it the Year of the Prepaid Card. It is estimated that prepaid purchase volume will top $150 billion this year and is expected to grow $45 billion over the next five years, according to Javelin Research & Strategy. Between 2009 and 2012 consumer use of prepaid cards grew 71%. So whatRead More
While usage of US Bank’s revolutionary mobile photo bill pay solution has doubled in just the last two weeks, bank officials say it is “too soon to tell” whether the product is deepening customer engagement or bringing in large numbers of users. That was the upshot of the briefing ofRead More
When the FIS acquisition of mFoundry was announced last week — along with ACI Worldwide’s acquisition of Online Resources — analysts nodded, not surprised. FIS already held a stake in mFoundry and re-sold its solution. The deal made sense for both sides. So we should expect more of this, right?Read More