Post Tagged with: "realtime"

Dwolla to Exit Consumer Space, Focus on API Offerings

Dwolla to Exit Consumer Space, Focus on API Offerings

by November 11, 2016 at 1:50 pm 1 comment

Dwolla, one of the elder statesmen of the fintech startup world, announced today it will leave the consumer space and focus on its offerings for businesses. The change will take place soon — Dec. 7. As the Des Moines, Iowa-based company put it in a blogpost: Dwolla is no longerRead More

Green Dot Wants to Be the Bank for On-Demand Workers

Green Dot Wants to Be the Bank for On-Demand Workers

by November 10, 2016 at 12:12 pm 0 comments

Green Dot Corporation is best known for its prepaid cards, but its growth opportunities are coming from faster payments and the on-demand or gig economy, its CEO said yesterday. CEO Steve Streit, who has had an exciting year, said in the company’s earnings call yesterday that Green Dot’s success with UberRead More

Fintech Companies Prepare for Same-Day ACH

Fintech Companies Prepare for Same-Day ACH

by August 4, 2016 at 2:20 pm 3 comments

On Sept. 23 a major milestone in the journey toward faster payments will be reached: New rules will go into effect that will enable the same-day processing of ACH payments. Vendors are working to make sure banks are ready to take advantage. Adam Anderson, CTO of Q2, a provider of cloud-based banking software, said thatRead More

MasterCard and Visa Join ClearXchange Realtime Payments Network

MasterCard and Visa Join ClearXchange Realtime Payments Network

by August 2, 2016 at 4:41 pm 7 comments

Realtime has gone prime time with the addition of Visa and MasterCard to the clearXchange payments network. Today, Early Warning, which owns clearXchange, expanded its realtime payments network by adding both the Mastercard Send and Visa Direct platforms, a move that will allow nearly every U.S. debit card holder to send andRead More

Chase to Launch Its Own P2P App

Chase to Launch Its Own P2P App

by July 15, 2016 at 11:21 am 1 comment

JPMorgan Chase & Co. building a peer-to-peer payment app featuring its QuickPay service, which is tied into the clearXchange network, CEO Jamie Dimon announced yesterday. Dimon did not say when the app would be launched, only that it “will be rolled out shortly.” Interestingly, Dimon seemed to indicate that JPM would make theRead More

Will Realtime Payments Bring Real Money for Banks?

Will Realtime Payments Bring Real Money for Banks?

by April 20, 2016 at 4:49 pm 4 comments

Should consumers and businesses pay for realtime payments or not? This difference of opinion is apparently creating some “discord” in the clearXchange network between the first two active members: U.S. Bank and Bank of America. Speaking to investors this morning, U.S. Bank CEO Richard K. Davis spoke on the importance ofRead More

Hail Real-Time!

Uber and Green Dot Team Up to Make Everyday a Payday

by March 17, 2016 at 2:42 pm 0 comments

At one point in every taxi-driver’s vocational life, there is a moment when a particularly ungrateful fare makes the driver pine for payday, and ask why me? as they calmly circumnavigate the passenger’s quotidian woes. Today, Uber and Green Dot Corporation (NYSE: GDOT) announced a new version of its GoBank mobile checkingRead More

Dwolla’s Ben Milne, Fintech Luminary, to Speak at Bank Innovation

Dwolla’s Ben Milne, Fintech Luminary, to Speak at Bank Innovation

by January 12, 2016 at 4:12 pm 0 comments

Ben Milne, the co-founder and CEO of mobile payments platform Dwolla and fintech luminary, has joined the speaker faculty of Bank Innovation 2016, which takes place in Seattle on February 29 and March 1.

Umpqua Completes Core Update

Umpqua Completes Core Update

by April 17, 2015 at 10:58 am 1 comment

Umpqua has a brand-new core. The Portland, Ore.-based Umpqua Holdings Corp. said yesterday that it had completed its core upgrade, which was first announced last summer. The core upgrade included the integration of core systems from Sterling Financial Systems, which Umpqua acquired in April 2014, making it, Umpqua said, the West Coast’s largestRead More