Not long ago, debit cards were a relatively small percentage of the total payment card volume. I had a friend who made a prediction each January that, “This was the year that debit cards would take off.” I asked him why he kept making the same prediction each year, onlyRead More
Post Tagged with: "LoopPay"
The world is finally getting a look at Samsung Pay, the latest entry in the mobile payments space. At yesterday’s Samsung Galaxy Unpacked event in New York, Injong Rhee, head of payments for the the Seoul-based conglomerate, unveiled the long-awaited Samsung Pay. Samsung’s payments service employs NFC, much like Apple Pay,Read 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
US Bancorp is working on launching US Bank Pay. The disclosure was made by a company executive at Bank Innovation 2015, this blog’s annual event in Seattle this week. The executive, Niti Badarinath, senior vice president and head of mobile at US Bank, offered few details, and no timing. However, Badarinath saidRead More
Samsung didn’t just introduce Samsung Pay yesterday. It introduced it with four megabanks as partners. JP Morgan Chase & Co., Bank of America, Citigroup and US Bancorp all are launch partners of Samsung Pay. The four are among the largest card-issuing banks in the nation. Oh, and all four areRead More
Samsung introduced its new Galaxy S6 and S6 edge yesterday in Madrid, and Samsung Pay, its contactless payment initiative built on LoopPay technology, was a big part of the announcement. Below is a first look at Samsung Pay, courtesy of MasterCard, a Pay partner.
Where does the acquisition (read: assumption) of Softcard leave Google in its drive to compete with Apple Pay? Not as far along as some industry observers would suggest. Wired offered a glowing review of the deal. But with Softcard out of the running, and wireless carriers now doing the distribution legworkRead More
The Consumer Electronics Show (CES) 2015, which officially begins tomorrow in Las Vegas, is the country’s premier event for introducing high-tech gadgets. This year will see a plethora of wearable technology, supposedly capable of measuring everything from the wearer’s mood to turning his thoughts into speech. The buzzy-est item so far appears toRead More
LoopPay, the transitional mobile payment technology launched last year at Money2020 is back at the big show in Vegas with an update to its form factor.
16. Shamir Karkal, cofounder and CFO of Simple Simple is — or was — one of fintech’s prized startups. A branchless bank, Simple has managed to attract users and get them spending, reporting 13 debit transactions per minute back in 2013. Simple’s rise in popularity has been largely through wordRead More