Tag: mobile payments

Activity, Channels, Investment Banking

Digital wallet start-up Eco lands $60m investment

July 30, 2021

Via: FinTech Futures

The round also included participation from a16z Crypto, Lightspeed Venture Partners, LionTree Partners, and Valor Equity Partners, among others. It comes just four months after the company launched its digital wallet app following a $26 million fundraise in March led […]


Commerzbank taps Google for mobile payments in Germany

June 26, 2018

Via: Banking Technology

Commerzbank has turned to Google for its mobile payments in Germany – giving the bank’s customers the option to pay via smartphone. According to Commerzbank, it is the first major bank in the country to use Google Pay. “Together with […]

Capital and Risk, Channels, Operational

Affirm Integrates Its Virtual Card with Apple Pay

March 21, 2018

Via: Bank Innovation

Startup Affirm is embedding its technology into the Apple ecosystem, allowing customers to load the company’s virtual card into Apple Pay, the startup announced today. The integration will also allow customers to use “Affirm InStore” to finance purchases at physical […]

Capital and Risk, Operational, Retail Banking

Conversational Banking May Already Be Mainstream, Mastercard Says

January 25, 2018

Via: Bank Innovation

EXCLUSIVE—Two out of three U.S. adults are already comfortable interacting with retailers, banks, and other companies using natural language technology, according to a study released by Mastercard today. The study, conducted by Mastercard and Mercator with 3,000 U.S. adult participants, […]

Capital and Risk, Credit, Retail Banking

The latest evidence Americans prefer debit cards to credit cards

January 10, 2018

Via: Market Watch

There’s a pretty good chance the last time you paid for something, you did it with a debit card. Debit cards were the No. 1 payment method Americans used in 2016, the most recent year for which data was available, […]

Capital and Risk, Operational

Three Fintech Startups to Watch Next Month

December 26, 2017

Via: Bank Innovation

EXCLUSIVE— Fintech is continuing to grow, as more startups across payments, insurance, blockchain, and other areas carve out niches for themselves in the financial ecosystem. And with more funding and more innovations come more players. Here are three that Bank […]

Capital and Risk, Operational, Retail Banking

2018 is The Year Mastercard Will Make Biometrics ‘Impactful’

December 21, 2017

Via: Bank Innovation

EXCLUSIVE—Biometrics have been a fintech buzzword for a while now, but 2018 is where companies like Mastercard are going to start the real work. That means focusing on the smaller details and the platforms that will actively bring the technology […]


Banks Will Only Slow Fintech Innovation if They Partner Rather Than Acquire, Hyperwallet Says

December 14, 2017

Via: Bank Innovation

EXCLUSIVE—Should banks acquire or partner with smaller, more agile fintechs? Well, that depends if the end goal of the bank is to further financial innovation, Derrick Walton, EVP of global financial networks for Hyperwallet, told Bank Innovation. “There’s a difference […]


Bank of America launches unified platform for managing mobile wallets in China

August 9, 2017

Via: Finextra

Bank of America Merrill Lynch (BofA Merrill), a leader in global transaction services, has launched a payments collection service supporting mobile and card payments through China UnionPay Merchant Services Company. BofA Merrill is the first non-Chinese bank to offer this […]


Consumers Trust Banks Over Tech Companies For Digital Payments

June 9, 2017

Via: Bank Innovation

Payments still belong to banks, according to consumers—even when those payments are being made through a smartphone or an IoT device. The majority of “connected” consumers, nearly 80%, cited their bank as the “most trusted” provider for a digital payment […]


Proper Use of Chatbots, IoT Could Bring Trust Back to FIs

March 13, 2017

Via: Bank Innovation

Chatbots and IoT could reach the fullest impact on the banking world by working within the existing financial infrastructure, instead of trying to disrupt it, according to an expert panel at Bank Innovation 2017. These technologies should be thought of […]


Mastercard, Oracle Partner for Masterpass Expansion

February 28, 2017

Via: Bank Innovation

Mastercard partnered with cloud provider Oracle today in order to expand its Masterpass network among retailers and customers globally. The partnership is an extension of its existing colaboration with Oracle in the United Kingdom. “From our perspective our relationship with Oracle really started […]


Wells Fargo Mobile App Still In Google Plays Top 10, Despite $185M Fine

September 15, 2016

Via: Bank Innovation

It shouldn’t be a surprise to seeCredit Karma’s mobile app in this week’s top slot for finance apps on Google Play—finance-wise, that seems like the app to beat—but what is a little surprising is the continued reign of Venmo on the […]

Retail Banking

Personalization, banking’s new mantra

February 22, 2016

Via: Banking Exchange

The bad news is that recent research shows that many businesses miss the boat by not realizing the value of providing exceptional customer experiences. Despite all the lip service and analysts’ advice about how customer centricity should be a basic […]