LevelUp’s nearly 1 million active users, as well as Chase Pay mobile wallet users, will have access to thousands more restaurants for order- and pay-ahead options, thanks to a deal with Onosys.
Fed Chair Janet Yellen needs a new No. 2. Today, Stanley Fischer submitted his resignation as vice chairman and as a member of the Board of Governors of the Federal Reserve System.
Facebook-owned IM service WhatsApp reckons it might finally be able to make some money by charging businesses for clever access to their punters, reports Telecoms.com (Banking Technology’s sister publication). Apparently quite a lot of people already use WhatsApp around the world to interact with shopkeepers and other relatively simple business transactions such as placing orders, […]
French bank BNP Paribas wants to help merchants “kiss goodbye” the costly, time-consuming and complex task of managing multiple, incompatible domestic acceptance systems. Enter global standards.
Small-business lending platform Funding Circle has become a Financial Health Network member of the Center for Financial Services Innovation.
The wait is over. The 2017 Pay Magazine – Awards Issue is here. In this special issue, you’ll find out more about the programs, companies and two individuals that walked away with top honors from this year’s competition.
Austrian commuters with a sweet tooth may be able to save some money on their next train or bus fare thanks to Wirecard’s new digital voucher platform and a partnership between Austrian Federal Railways and Toffifee candymaker Storck.
Our Top 5 Challenger Bank spotlight series is complete. Get to know the challengers—Cashplus, Varo Money, Revolut, Capital on Tap and Fidor Bank—looking to shake up the status quo with tech and a superior customer experience.
Fintech zeitgeist! This week Loraine DeBonis, editor-in-chief of Banking Technology’s sister site Paybefore, muses on all the money changing hands in the payments industry.
It’s been seen as the ultimate clash of cultures. The baseball cap and T-shirt versus the formal suit and tie; the young, quick-thinking fintech versus the risk-averse multinational corporate; David versus Goliath.
Welcome to fintech central! Good service operating on all lines. The latest edition of our flagship magazine – Banking Technology – is out now, packed with news, analysis and insights, case studies, research and expert commentary.
We celebrate the best of the best in the competitive prepaid, retail & loyalty, and payments technology industries for our 11th annual Pay Awards.
Two reports ranking U.S. consumer prepaid cards were released in August. Find out which cards made the lists and why.
Commonwealth Bank and Mastercard are working together to improve financial inclusion for Indonesian women with a focus on business owners.
US tech giant Fiserv has completed its acquisition of Monitise, a UK-based mobile payments software and solutions provider.
The Federal Reserve has a new payments strategy director. Dave Sapenaro will lead payment system improvement initiatives described in the regulator’s “Strategies for Improving the U.S. Payment System” paper published in January 2015.
ShopKeep doesn’t just want to help small businesses accept payments, it wants to help them grow with a new merchant cash advance service.
The scandal of employees at Wells Fargo creating 2.1 million fake bank accounts and credit card numbers to boost sales figures has just gotten bigger.
The UBS-led effort to create a digital cash model for payments and settlement on blockchain has got six new banks onboard, according to the Financial Times. As Banking Technology reported in August last year, BNY Mellon, Deutsche Bank, ICAP and Santander joined UBS and Clearmatics to advance their utility settlement coin (USC) concept, and plan […]
Our final spotlight article for our Top 5 Best Challenger Banks list is the only actual bank in the bunch. See how Germany-based Fidor Bank stacks up against the high street banks and its nonbank competitors.
Get a sneak peek at what trends will shape the discussion at FinovateFall, including a few things you might not expect.
For reasons that probably lie in the lack of a marketing and sales budget, the acquisition of payments provider Bantam Banana (don’t ask) by fintech behemoth Moby Trick (founded by Merman Helville) has prompted a flurry of comments from companies that have sweet F.A. to do with the event. Financial terms of the acquisition were […]
Amazon and Microsoft have announced their previously competing voice-driven artificial intelligence (AI) assistants are now an item, reports Telecoms.com (Banking Technology‘s sister publication). The world can be a lonely place for virtual assistants. All the company they have are demanding millennials constantly asking what their latest email is or a retiree wondering what the weather […]
Google has responded strongly to Apple’s front-running approach to augmented reality (AR) with the launch of a new AR platform, reports Telecoms.com (Banking Technology‘s sister publication). ARCore is the Android equivalent to the Apple ARKit; in short, an AR reality platform for developers. It’s not the first time Google has had a crack at the […]
Earthport, a London-based cross-border payments network, has named Beau Andersen as head of Europe.
Summer’s almost over, but there’s still time to play in the sand. Our decision to open our sandbox for all developers, not just clients, is a vital move in supporting creativity and innovation in payments. And, it’s speeding time to market.
Blackhawk Network Inc. keeps getting bigger. The Pleasanton, Calif.-based global technology company, has acquired digital gifting specialist CashStar Inc. for approximately $175 million in cash.
Meet our No. 1 on the Top 5 Best Challenger Banks list and find out why CEO Rich Wagner says the company belongs there.
GasBuddy, a smartphone app helping nearly 70 million drivers find the best gas prices, has unveiled Pay with GasBuddy, a new payment service in partnership with WEX that provides U.S. drivers with discounts.
Do you want fries with that? France-based Capgemini is likely to hear that phrase a lot more now that it’s signed a multiyear IT strategic provider agreement with McDonald’s Corp. Meanwhile, Burger King Russia is jumping on the cryptocurrrency bandwagon.
Mastercard is bringing its contactless payments to Fitbit’s first smartwatch, Fitbit Ionic.
Corlytics, a regulatory risk intelligence firm, has named Peter Oakes and David Bundi to its global advisory board.
NCR is hungry for more restaurant business, announcing its third such partnership in the last month. The Duluth, Ga.-based company is working with Performance Food Group to offer its NCR Silver cloud-based, point-of-sale solution to a new group of independent restaurants.
Bridg, which claims to be the first marketing software company to leverage point-of-sale data to drive “precision-marketing campaigns” for restaurant and retail brands, has secured $11 million in Series B funding.
It’s hard to imagine a fintech or payments company that today doesn’t have at least one key business initiative hinging on some kind of software development. Before you sign on the dotted line with a developer, here’s what you need to consider.
Nations, platforms and some bad news in our latest blockchain and bitcoin roundup. Find out more about the SEC’S suspension of First Bitcoin Capital Corp., an initial coin offering for cryptocurrency exchange platform KyberNetwork and more.
Prospective buyer Urban FT Inc. confirmed on Aug. 25 that it’s in “advanced negotiations” with Digitili Money regarding a “potential transaction that will see DGLT stave off potential bankruptcy proceedings.”
PSCU, a credit union service organisation that supports more than 850 owner credit unions, opened its Midwestern Service Center in Omaha, Nebraska.
Alipay is zipping along in terms of its international expansion. With its latest partnership, the world’s largest online and mobile payment platform operated by Ant Financial Services Group, is now available for Mainland Chinese tourists at all 242 Starbucks branches across Malaysia.
“There’s a reason that the bank of the future hasn’t been created yet—it’s extremely difficult,” says Top 5 Best Challenger Bank Varo Money. See if you think they’ve got what it takes to rise to the challenge.
