U.S. Bank would launch a mobile wallet, if a customer need arises, a spokeswoman told Bank Innovation. The bank announced a partnership with MasterCard yesterday, allowing customers to load their debit or credit cards into Android Pay and Samsung Pay mobile wallets. Choosing an open-wallet is the bank’s approach for now, spokeswomanRead More
Post Tagged with: "mobile wallets"
Bank of America said “No” to innovation labs last year. This year, while rivals JPMorgan Chase and Wells Fargo & Co. are bringing wallets to market, BofA is looking instead to the surrounding ecosystem. “We want to be in an open wallet ecosystem,” Hari Gopalkrishnan, client-facing platforms technology CIO at Bank of America MerrillRead More
The latest in the mobile wallet craze: Wells Fargo Pay joins the (already long) pipeline of mobile wallets. But Wells bets that its massive mobile banking userbase will drive wallet adoption. Wells Fargo Pay will launch later this summer, the bank said this morning, and will be integrated into its existing mobileRead More
First announced in December 2015, the latest in the mobile wallet pipeline – Walmart Pay – is live as of yesterday to Walmart shoppers at 110 branches in Arkansas and a further 500 in Texas. The feature will be available in all stores “soon,” the company said. Card transactions carryRead More
VeriFone Systems Inc., the payments hardware company, is going whole hog into apps. In the second quarter of next year, VeriFone plans to unveil an app marketplace for its products and services. The app marketplace will “[enable] our clients and third-party app developers to create and deploy payment and commerce applications onRead More
A company called Case introduced a hardware bitcoin wallet yesterday at Day 1 of TechCrunch Disrupt’s two-day Startup Battlefield. The device resembles a black credit card or small calculator, much like Coin. But is there really a need for a hardware bitcoin wallet for the retail market? The company looks to solve the problemRead 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
Softcard users will get no love from Google in the wake of the search giant’s acquisition of the telco-built mobile wallet platform. In an FAQ published since plans for the acquisition were announced last Monday, Google disclosed that no user information stored in Softcard will be transferred over to Google Wallet.Read More
After using Apple Pay for a full day, I’m pretty impressed.
Bank Innovation has learned new details on a forthcoming Apple Pay loyalty program.