Roboadvisor Betterment Will Not Apply for a Bank Charter, CEO Says
Roboadvisor Betterment is not interested in having its own national bank charter, Bank Innovation has learned. Last week, alongside the...
Retail Banking
Banks Lag Behind Tech Giants in Fintech Patent Race
Many large banks describe themselves as equal parts technology firms as they are financial services companies, but then shouldn’t they...
For the Record, Apple Pay Did Not Beat PayPal in Transaction Volume
Apple Pay crossed 1 billion transactions in the quarter ending on June 30, CEO Tim Cook said during company's earnings...
OCC Moves Ahead with Long-Planned and Much-Discussed Fintech Charter
It's good news for fintechs in lending and payments that want a federal banking license, the Office of Comptroller of...
Digital Banking Consumers Still Don’t Fully Trust Online Bill Pay
Convenience, not trust, is why people choose to pay their bills online, according to Fiserv’s quarterly report on consumer payment...
Zelle Crosses 100-Million Mark in Transactions Processed
Like other P2P apps, bank-backed Zelle also experienced an increase in its payment volume in the second quarter, but at...
Fintech Unfiltered: How (and Why) JPMorgan Chase Built Finn [PODCAST]
You might not expect the nation's leading mobile bank, with north of 31 million users, to be in a hurry...
PayPal to Gain 30 Million Active Accounts by Year-end
Payments platform PayPal had $139 billion in total payment volume in 2Q18, up 29% YOY, and expects to add 30...
Transaction Volume for PayPal’s Venmo Surges
Venmo's payment transaction volume reached an all-time high in 2Q this year, PayPal reported. According to yesterday's earnings call, Venmo processed...
Users Divided on Starling Bank’s New Debit Card
U.K. neobank Starling is in a mood to switch things up, at least on the design front. Last week, Starling...
