Post Tagged with: "text banking"

Why Do Banks Consistently Ignore Their Text Banking Apps?

Why Do Banks Consistently Ignore Their Text Banking Apps?

by May 26, 2016 at 1:15 pm 2 comments

Many banks have them. Many banks spend money on them. Nearly all of those banks ignore them. The “them” is text banking apps, and the degree to which they have been marginalized baffles me. Earlier this week, I asked a top innovation executive at one of this nation’s largest financialRead More

Say Hello to Our Spring 2016 Class of Startups

Say Hello to Our Spring 2016 Class of Startups

by April 28, 2016 at 11:00 am 0 comments

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

Bank of America Adds 3 Telcos, Including Sprint, to Text Banking

Bank of America Adds 3 Telcos, Including Sprint, to Text Banking

by November 5, 2014 at 9:54 am 0 comments

Bank of America Corp. has quietly expanded its text banking service — yes, text banking service — to “support” at least three more telcos. Those telcos are Sprint, Boost, and Cincinnati Bell. BofA also added MetroPCS, which is a T-Mobile brand.

An Inside Look at Wells Fargo’s New ATM Text Receipts

An Inside Look at Wells Fargo’s New ATM Text Receipts

by June 24, 2013 at 1:24 pm 2 comments

Wells Fargo & Company today introduced text receipts at its more than 12,000 ATMs across the nation. Wells, which says it is the first bank to offer the service, has made text receipts available to all Wells Fargo Online or Mobile Banking customers who provide their mobile phone number. Wells was theRead More

Amazon Looks to Widen Mobile Payments Footprint with Anonymous Payments Patent

Amazon Looks to Widen Mobile Payments Footprint with Anonymous Payments Patent

by April 18, 2013 at 11:28 am 1 comment

A new patent from Amazon for a mobile payment method that protects a user’s personal information was published by the U.S. Patent and Trademark Office yesterday. The payment method uses temporary identifiers and codes, and relies on text messages for transmitting information. Both parties to the transaction would need toRead More