Facebook Messenger is increasing its security in a bid to be your primary messaging app — and maybe your primary banking app, too. A limited number of Facebook Messenger’s more than 900 million users gained access to two new security features today: end-to-end encryption, meaning only the sender and recipient can viewRead More
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Facebook expects its payments revenue for 2016 to come in lower than 2015. The company couldn’t be more clear: ads are “the big focus.” The company’s ad revenue this quarter soared 57% year over year, hitting $5.4 billion, of which $4.2 billion – 82% – was mobile. In comparison, totalRead More
There’s a lot of talk about mobile growth and Facebook Messenger lately. The service has something north of 800 million active users, and some counts put it at 900 million. Part of this talk is the nature of the mobile Goliath we’re collectively viewing in the wake of fintech acceleration,Read More
Apple is doubling down on payments, but it may actually be about authentication. The Cupertino, Calif.-based tech giant is expected to launch a peer-to-peer money transfer service sometime in 2016, according to a report this week from the Wall Street Journal. Apple is no stranger to P2P — it filedRead More
Facebook revenue continues to soar, but payments revenue plays little part in that — it’s all about the advertising. Payments revenue was $202 million, down 6% from the prior quarter, and down 18% year over year. Total revenue was a different story, up 11% on the quarter and 40% overRead More
Bankers need but one mantra today: “my bank is a technology company, my bank is a technology company.” And exhale. The truth is this concept appears to be incredibly difficult for the vast majority of American banks to fully grasp even today — unlike European banks, for example. Why exactlyRead More