For the millennial generation, paying for a latte using a contactless card, transferring money to a family member or friend online or buying a pair of trainers with “one click” has become the norm. This generation has not only shaped and driven the payments revolution, but is also playing an active role in developing a lot of the payment technologies emerging today.
Payments experts weigh in on the analysis and offer their own two cents on fintech, innovation, regulation and risk.
Digiliti Money (DGLT), which is in merger negotiations with Urban FT, is planning to delist from the Nasdaq, according to its most recent SEC filing.
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Rather than being top of wallet, SPENT Money wants to help consumers manage and earn rewards from what’s already there—at least for now.
Following swiftly on from the fintech funding round-up on 19 September, here’s more concise, cash-coated action. Features CivilisedBank, HighRadius, Swirlds and Luno. UK challenger CivilisedBank, which got its banking licence in May, has agreed terms for a further round of funding from current investor Warwick Capital Partners. No more details on that but the bank […]
Blackhawk Network veteran Jeff Pomeroy has joined the Pay Award-winning Bento for Business, a provider of employee expense management solutions for small businesses, as vice president of product.
Fifth Third Bancorp is placing its bets on the newly merged gaming payments companies NRT Technology Corp. and Sightline Payments, announcing a strategic relationship and equity investment in NRT Sightline, “one of the largest pure-play casino payment-technology companies in the world.”
San Francisco-based Financial Technology Partners (FT Partners), a fintech-focused investment bank, has hired Melissa Wasser as a director and head of private capital markets.
It’s a good thing Solana (“Sol”) Cozzo is high energy. When she’s not literally running or chasing after 3-year-old twins, she’s running Mastercard’s North American prepaid and inclusive growth business. It’s hard work when you consider that “the cardable opportunity is about seven times the current market,” she says.
Raise, which bills itself as the world’s largest gift card marketplace, has raised $60 million in a Series C funding round led by Accel, with participation from PayPal and existing investors New Enterprise Associates and Bessemer Venture Partners.
A new survey conducted by Juniper Research has found that more than 40 percent of iOS users in the U.S. consider themselves unlikely to use facial recognition as a payment security technology. This suggests that a core use case for the iPhone X’s main security feature may struggle to gain traction among consumers, the consultancy says.
Four stories in one for a fast fintech funding round-up. Features Ellevest, iZettle, GoCardless and MarketInvoice. New York-based fintech Ellevest, led by former Merrill Lynch CEO Sallie Krawcheck, has got itself $34.6 million funding. Ellevest is a bit different from the rest as it was founded to provide an investing experience to “help women meet […]
Hyperwallet, a global payouts provider to millions of independent workers, has hired Derrick Walton as its new executive vice president of global financial networks.
Consumers now will be able to use some gift cards to pay at the pump, thanks to a partnership with On-Line Strategies Services LLC, a wholly owned subsidiary of InComm, and National Bankcard Services.
EML Payments Limited announced that its wholly owned subsidiary EML Payments Europe Limited has entered into a multiyear agreement with Fortuna Entertainment Group to provide branded reloadable cards for customers to access their winnings or remit funds back into their gaming accounts.
M-vendr, a U.K.-based tech company with a POS pay-in system across 12 African nations, has signed an agreement with international cash payments platform PiP iT to integrate the latter’s barcodes across its network of 45,000 merchant locations.
Austrian banking group Addiko has unveiled chat banking for its customers—the “first ever” Viber-based financial transaction service available in Croatia.
Arguments, exchanges and something getting launched. It’s our blockchain and bitcoin roundup, featuring Chase CEO Jamie Dimon, Japan’s regulatory plans and alt. lending.
Semafone, a U.K.- and Boston-based provider of data security and compliance solutions for contact centers, has appointed John Donaldson to the role of chief finance officer, as the company prepares to build on its record growth in 2016.
U.S. consumers aren’t buying as many prepaid cards, according to a new consumer survey from Mercator Advisory Group. The data show 56 percent of U.S. adults bought prepaid cards in the year preceding the June survey, down from 63 percent in 2016.
Acting Comptroller of the Currency Keith Noreika told FinovateFall attendees in New York this week that the agency is still in the exploratory phase of its fintech charter, according to news reports.
Payment Systems Regulator (PSR) and Bank of England have revealed that the U.K. will be getting the New Payment Systems Operator by the end of 2017, which the PSR says will be an important step in streamlining the U.K.’s payment systems and fostering competition and innovation.
As big data just keeps getting bigger, banks, retailers and every other kind of company must have more sophisticated tools to understand and predict what customers want and need.
If you’re trying to cater to millennials, you need to understand how they think and feel about money.
Digiliti Money (DGLT) may have gotten knocked down, but it’s not out. And neither is a revised bid from prospective buyer Urban FT.
Bob Raffo Jr. has joined the Pay Award-winning prepaid program manager and processor FirstView Financial as president and CEO.
Forget facial scans or a watch that’s not tethered to the phone. If you’re a bank or payments company, you’d best be looking at Apple’s plans for the transformation of retail.
Marieke Flament, European MD at Circle, discusses how technology is transforming the global payments landscape.
The introduction of new bond requirements for money transmitters in Pennsylvania is in line with an overall trend across states to enforce stricter conditions on money transmitter license holders and applicants. See what the licensing requirements mean for your business.
There’s a new fintech challenger in town. Toronto-based STACK announced its partnership with Mastercard two weeks ahead of the beta launch of its mobile financial services app and companion prepaid card.
Nordic payments processor Nets has entered into a 3-year partnership with Vipps, a mobile payment application provider in Norway, to deliver instant P2P payments to customers of all Norwegian banks partnered with Vipps.
Banking by the numbers in the EU, with key facts and figures from the European Banking Federation, including stats on which fintech is getting the love from big banks.
Digital banking technology company Q2 Holdings Inc. took the Finovate stage to demo its CardSwap technology.
Pineapple Payments announced a $35 million equity investment for its merchant-focused payments technology, PayJoy snagged $6 million while B2BPay won BBVA’s Open Talent Global Fintech for Companies competition.
At the recent G20 meeting in Germany, Financial Stability Board (FSB) briefed leaders on its efforts to arrest the decline in correspondent banking relationships. FSB also presented the results of a survey of more than 300 banks in 50 countries, supplemented by Swift payments data, which showed that the number of correspondent banking relationships continues to decline globally.
Money is the honey keeping fintech sweet. Our latest funding round-up features Linxo, Rubique and TNG. French start-up Linxo, which offers a budget management app, has raised €20 million from Crédit Agricole, Crédit Mutuel Arkéa and MAIF (a mutual insurance firm) – bringing the funds raised since its launch to €23.2 million. MAIF is a […]
Ahead of FinovateFall’s kickoff in New York today, Paybefore spoke with BioConnect Chief Identity Officer Bianca Lopes about all the biometrics buzz in payments and the financial services industry. Her advice to companies looking to invest in biometrics: Don’t forget about the users.
Fintech startups continue to make headlines with investments and accolades. Pineapple Payments announced a $35 million equity investment for its merchant-focused payments technology, PayJoy snagged $6 million while B2BPay won BBVA’s Open Talent Global Fintech for Companies competition.
Fintech zeitgeist! Every Monday, we might look back at last week; look ahead to this week; share a few thoughts (our own or others); or discuss anything that catches our eye. This week, Tim Rogers, engineer at London-based start-up GoCardless, asks do we need to kill screen scraping? If you work in this industry you’ll […]
