As banks host accelerators, incubators and hackathons to collect fresh thinking from startups, Wells Fargo has developed a Digital Innovation Lab to do its own testing on promising technologies — and a major theme of its work is authentication, according to American Banker. One near-term...
Discover CEO David Nelms declared late Tuesday (Oct. 21) that his brand–the largest of the card brands to not join Apple Pay–will indeed soon be an Apple Pay partner. “I would say that we certainly do expect to be participating in Apple Pay. We don’t...
While JPMorgan Chase has been one of Apple Pay’s most vocal visible backers, it has been aggressively working on plans to also become one of Apple Pay’s most visible rivals, as it readies its own mobile payment app for launch. “We think that we can...
You can get a store credit card at just about any retailer. The standard question has left consumers with the often split-second choice of asking themselves at checkout: Should I open this credit card? The short answer: Yes and No. Rewards can be high, but...
A b2b UK startup has established $400,000 in funding to launch video technology that will bring together fashion and commerce for a new interactive online shopping experience. Smartzer, founded in 2012, secured funding from entrepreneur Jamie True and a group of undisclosed private investors —...
Bidding for peer-to-peer loans has become highly competitive, as small banks have joined fast-money and retail investors searching online marketplaces for the strongest and highest-yielding credits, according to American Banker. One crowd-funded mortgage source, RealtyMogul, said it is selling whole loans to banks at between...
China’s two biggest online services already have large payments operations — and now both have permission to be bankers, too. On Monday (Sept. 29), Alibaba Group’s Alipay affiliate won permission from the China Banking Regulatory Commission to set up a privately owned bank, according to...
Americans in February were less concerned, though still pessimistic, about their current financial situation than they were at the end of the government shutdown last October, according to the Finance Optimism Index launched April 1, by the Consumer Bankers Association (CBA) and AOL Inc. The...
