Siri who? Cleo, a London-based fintech startup that has developed a virtual assistant for personal finance, just raised $700,000 in a round of seed funding from intrigued angels. According to Crunchbase, one of those angels is Niklas Zennström, whom some might remember as the mind (and founder) of video-chat service Skype.Read More
Post Tagged with: "Retail"
The CardLinx Association has partnered with Microsoft to release open-source software for card-linked rewards programs, it was announced today. The move could open up rewards programs to a wide swath of retailers, particularly using mobile devices as the vehicle. Microsoft has made the code for its software Earn publicly available forRead More
Walmart, in partnership with Green Dot, today announced “Prize Savings,” a cash rewards savings program conducted through its Walmart MoneyCard product. Walmart and Green Dot, which issues the retailer’s cards, partnered with national organization Commonwealth on the offering, a firm which has created PLS (Prize-Linked Savings) programs that have generatedRead More
If there’s one social platform out there that just might be able to steal e-commerce business away from Amazon, it’s Instagram–a visual, highly interactive and personalized platform that just added the ability for users to shop. This comes very soon after its parent company, Facebook, launched its own e-commerce marketplace, calledRead More
LAS VEGAS — Contactless payments are not new — card-free ATM transactions have been seen at fintech conference for years now — but they are getting more buzz lately, especially as the industry continues to debate the possibility of a cashless society. How consumers will interact with their money in theRead More
Integrated, multi-channel retail banking is a reality – presenting increasing operational risk…and endless revenue opportunity for those retail financial institutions that are “ready”.
Key recommendations included:
* Adopt real-time transaction monitoring
* Monitor every transaction coming to and from your core banking system
* Use transaction-based monitoring and analytics to track the performance of external and internal service providers
Gas up with PayPal! The popular payments platform is now available at the gas station. Simply scan a QR code with your mobile device or enter a unique ID for the pump, and you’re ready to fill up and be on your way. PayPal is increasing its presence at point-of-sale,Read More
Not a day goes go by that banking competition does not seem to ratchet higher. In the latest sign of more pricing competition, Signature Bank offered investors a sneak peak at the money market rate war today, and it’s not pretty. Joseph J. DePaolo, president & CEO of Signature (ticker:Read More
The number of “active” mobile banking accounts at JPMorgan Chase & Co. climbed more than 50.7% last year to 12.4 million, the bank reported today. However, the growth rate of mobile banking accounts seems to have slowed at Chase in the fourth quarter. The company booked a 6.8% growth rateRead More
Put down that donut! Your bank account is watching. Meet Jumiya, a new venture seeking funding that is billed as “the [bank] account that improves as you do.” Jumiya’s promotional video (below) states that “health and finance are intimately linked.” Uh oh. Jumiya will reward members for checking into theRead More