The morning session at BBVA Open Talent Challenge was all about artificial intelligence. The afternoon session brought on the blockchain. From these sessions, two winners were chosen that will have the chance to engage with a global bank — perhaps the ultimate prize for a fintech startup today. The challenge was partRead More
Post Tagged with: "Spare"
The mobile payments app Spare wants to kill the ATM. More specifically, Spare wants to give customers access to cash from merchants for less than the cost of an ATM fee, and more security. To use Spare, customers open their Spare app and locate a nearby merchant with cash onRead More
Bank Innovation INV, this blog’s fintech accelerator, is pleased to today to announce the six extraordinary startups that have been admitted to its inaugural class. The companies selected from applications received from startups around the world are: CrossCues Dyme GoldBean Hermetic Security Spare We Are Briqs The companies, chosen after aRead More
“Sorry, no cards — we’re cash only.” This depressing refrain sends many a millennial scuttling to the nearest ATM, where he will likely pay $2 or $3 so that the merchant can avoid a swipe fee. The cap on debit fees brought about by the Durbin Amendment seems to have done nothing to curbRead More
A long time ago, in a galaxy far, far away — actually, it was just last year in Los Angeles — a startup called SPARE emerged with the mission of killing the ATM machine. Its method was to turn businesses into cash disbursement centers, starting with hotels. The idea is thatRead More
Mobile payments app Spare wants to kill the ATM. Spare is a product of startup Mercuri Systems, headed by entrepreneur D’Ontra Hughes. The idea of Spare is to make businesses, in this case hotels, into cash-dispensers, obviating the need for ATMs, which often carry hefty fees and subject users toRead More
Need cash but the bank account’s empty? No problem, try the ATM — the peer-to-peer (P2P) ATM, that is. Crowdfunding and P2P lending have become mainstream concepts. Kickstarter is practically a household word and Venmo is plastered all over the New York subway system. In the coming months, a company calledRead More