Bank Innovation

FEBRUARY 25, 2016

The unprofitable offspring of the industry-leading prepaid card? The technology running GoBank, partially inherited from the Sam Altman-led startup Loopt, acquired by Green Dot in 2012, now underlies the entire Green Dot Read More. GoBank … that’s that mobile bank account from Green Dot, right?

Cards 150

Cards Mobile Industry Technology 150

Bank Innovation

JUNE 21, 2016

Since 2012, it has been the fastest growing technology in banking. That’s the word out of Digital Banking 2016 here, where bankers outnumber entrepreneurs (but not vendors). The mobile banking app traces its roots to SMS banking back in 1999. But it comes with Read More.

Digital Banking 199

Digital Banking Mobile Technology Operations 199

Fintech Labs Insights

APRIL 12, 2024

The last one, published in Jan 2014, featured 50 innovations (see below). Note: These are the rankings from 10 years ago. I will update with milestones from 2014 to today and publish next month. I’m taking suggestions here (so far: crypto, BNPL, earned-wage access, chatbots, deposit networks).

Innovation 15

Innovation Fintech Online Mobile 15

PYMNTS

JANUARY 27, 2020

Currencycloud said it will use the funding to boost its technology portfolio and partner network. The firm said it will add integration with major software platforms, and increase alternate payment methods to offerings such as mobile wallets, instant payments and cards.

Payments 130

Payments Fintech Software National 130

FICO

MARCH 9, 2020

has become a prepaid card store, with rows and rows of gift and other prepaid debit cards on display. In April 2019 The Wall Street Journal reported , “The total amount loaded on general-use prepaid cards in the U.S. For a while now, it seems that every drugstore in the U.S. Our timing was right on.

Fraud 52

Fraud Cards Analytics ATM 52

NCR

FEBRUARY 21, 2017

In 1970, just a few years after the introduction of the ATM, the patent was granted for British engineer James Goodfellow’s concept of a personal identification number that could be stored on bank cards. Many banks continued to deploy this technology over the rest of the decade. Improvements in usability.

ATM 85

ATM Innovation New York City New York 85

PYMNTS

JUNE 7, 2019

Mobile point-of-sale (mPOS) solutions have enjoyed widespread uptake in much of North America, and the region’s related market could see continued growth if solutions providers, government officials and other stakeholders play their cards right. Card payments are also popular in Canada, with credit comprising nearly 22.9

America 128

America Mobile Cards Study 128

PYMNTS

AUGUST 10, 2016

In general, venture capitalists are boosting their investments in Latin America, with funding reaching $594 million in 2015, a stark increase from $387 million in 2012, the Latin America Venture Capital Association confirmed. The (Advertising) Haves And Have-Nots.

Innovation 100

Innovation Apple social media America 100

Accenture

SEPTEMBER 22, 2019

But there’s another reason why the neo-challengers are so front-of-mind: They’re industry leaders in cultivating technology innovation and optimising customer service and experience. They also deliver innovative, easy-to-use apps that help users with things like managing their daily budget or travelling abroad. Customer growth.

Innovation 150

Innovation Metro Apple Marketing 150

PYMNTS

JULY 7, 2016

Fraudsters, using email verification and proxy detection services, for example, have successfully found a way to: Compromise more than 630 million credit cards; Leak 1.2 Compromise roughly two-thirds of all credit cards. billion record onto the black market; and. Digital Discussion Host: Karen Webster.

Innovation 101

Innovation Tools Marketing Study 101

PYMNTS

JUNE 3, 2020

Curing payment pains associated with complicated medical billing gets to the heart of how payments technology is moving medical money in smarter, faster ways. These industries are a little bit slower at adopting innovations because their systems are older and difficult to change. For many, it’s very difficult. Pushing Past Paper.

Payments 158

Payments Industry System Report 158

PYMNTS

SEPTEMBER 24, 2018

Overstock.com is no stranger to offering financial services — it already provides credit cards, lending, investments and insurance services to its customers. Also in January, Progressive Leasing and Marqeta , announced a technology partnership that aimed to enhance the checkout process for leasing customers.

Puerto Rico 176

Puerto Rico West Virginia Vermont Wisconsin 176

Celent Banking

JANUARY 23, 2017

Consumer Banking Channel Innovation – for the most creative use of consumer channels, or the most effective channel integration. Branch Transformation – for the most compelling branch transformation initiative, including branch format innovations and creative use of live agents.

Risk Management 100

Risk Management Innovation Case Study Boston 100

Tomorrow's Transactions

DECEMBER 3, 2014

What’s the big picture around banking, payments and innovation? Maybe the new paradigm will be the bank as facilitator of innovation rather than innovator. From Co-Dependence Between Banks and Their Technologists: Hampering Innovation — Payments Views from Glenbrook Partners ]. Here’s what I mean.

Innovation 63

Innovation Case Study Payments Leadership 63

PYMNTS

MARCH 1, 2019

Some things are instant hits — smartphones, television and voice-controlled personal assistants are all good examples of technologies that more or less hit the ground running and were popular as soon as marketing people were done explaining the concept to consumers. Other innovations are late bloomers.

Cards 158

Cards Tools Innovation Lending 158

CFPB Monitor

OCTOBER 25, 2016

In a new report , the CFPB discusses its approach to FinTech and financial innovation, its Project Catalyst initiative, and marketplace developments the CFPB views as potentially beneficial for consumers. ” The report also reviews the CFPB’s trial disclosure waiver policy and its no-action letter policy.

Innovation 60

Innovation Report Data San Francisco 60

PYMNTS

DECEMBER 10, 2018

Analysts at the time called this product “an historic opportunity” to bolster the merchant’s “corroding bottom lines,” and innovators rushed to build new applications to help them seize it. It’s the decoupled debit card. Merchants paid less when they accepted those cards. And what was the product? For the merchants.

Branding 184

Branding Cards Payments New Jersey 184

Tomorrow's Transactions

JUNE 3, 2016

I’m in Frankfurt for the annual PayComm MEETS Europe, my chance to catch up with practitioners from the continental card markets. It’s really hard to keep up with all of the change in the market, driven primarily because of the regulation rather than new technology. From e-Commerce – Digital Agenda Assembly 2012 ].

Cards 30

Cards Marketing Regulation Course 30

PYMNTS

OCTOBER 22, 2020

That compares to 34 percent saying they would not buy from merchants at all if QR code-enabled payments were unavailable, 40 percent of consumers who prefer digital wallets and won’t buy from merchants that don’t accept them, and 37 percent who won’t shop someplace unless their contactless card is accepted. Affirm Eyes the Public Markets.

Trends 193

Trends Payments Retail Meeting 193

PYMNTS

MAY 17, 2016

MCX is the merchant consortia formed in August 2012 with the intention of creating a mobile-only, merchant-owned payments scheme that ran over the ACH rails. Walmart’s Mike Cook was perceived to be the guiding force behind the initiative – long a vocal critic of card networks and interchange.

Mobile 105

Mobile Apple Columbus Payments 105

PYMNTS

APRIL 25, 2018

Here’s how QSRs are integrating mobile order-ahead technology into their stores and where the innovation is headed in the future. — When Panera Bread first rolled out its mobile order-ahead service in 2012, for example, the idea was to attract consumers wary of waiting in lines for service. million active members.

Mobile 103

Mobile St. Louis Google Missouri 103

PYMNTS

JUNE 10, 2016

In this week’s edition of PYMNTS’ Weekly Tech Center Roundup , we set our sights on Brazil, where, despite the political and economic issues that tend to dominate the headlines, the country’s technology market is still going strong. Tech giants, such as Siemens, Cisco and Microsoft, are building technology centers in the city.

Trends 100

Trends Community America Study 100

PYMNTS

APRIL 17, 2017

In the case of Square — the payments innovator that launched hundreds of mPOS imitators — the small problem was $2,000 worth of handblown glass that artisan Jim McKelvey couldn’t close the deal and sell. Not because he didn’t have a buyer, but because his buyer didn’t have that much cash— and McKelvey didn’t take credit cards.

Apple 110

Apple Capital Cards Payments 110

PYMNTS

SEPTEMBER 20, 2017

BECU and other credit unions have also had to address the emergence of new FinTech companies, firms which are disrupting financial services by offering consumers innovative new options for managing their money. Over the years, non-profit business model credit unions have faced heavy competition from larger, for-profit banks.

Fintech 123

Fintech Innovation US Mobile 123

Banking 2020

JANUARY 20, 2016

Citizens in Finland, the US and the Netherlands have been revealed as the most prolific users of non-cash payments such as credit and debit cards, according to a report that revealed which nations are leading the way with innovations in payments. ” Huge potential for further growth. .”

US 40

US Payments National Innovation 40

Gonzobanker

NOVEMBER 17, 2016

This year’s Money 20/20 event in Las Vegas drew a massive attendance with 11,000 individuals, 4,500 companies, tons of new technology, and a mind-blowing expanse of collective brain power. The event’s level of growth and sophistication since its inaugural event in 2012 is truly impressive. Keep your eyes on this innovator.

Payments 60

Payments Las Vegas Risk Management Cyber Security 60

PYMNTS

JUNE 3, 2016

We don’t want to see them negatively impacted by a fraud risk,” said Dax Dasilva, CEO of Lightspeed , a company providing cloud-based systems that integrate in-store and online sales into one omnichannel solution while helping companies embrace EMV and other payment innovations. And it all started with Apple, he said. “I

Retail 100

Retail Apple Fraud Online 100

PYMNTS

JULY 23, 2018

And that’s not a “Geez, I forgot to pay the credit card bill since I was away for a week” late paying the bills situation. They have and use store cards and say they pay student loans (probably at that age for their millennial kids). Only 4 percent of Shut Outs report having a credit card. Fewer than 7 percent (6.8

Cards 122

Cards Groups Report US 122

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. As a result of its product innovation efforts, Stripe has seen explosive growth in product adoption and valuation. A decade of online payments innovation.

Online 98

Online Company Retail Payments 98

CB Insights

JANUARY 6, 2019

One popular choice: retail innovation labs. Learn about the technologies, innovations, and strategies that retailers can leverage this holiday season. We’ve assembled a list of innovation labs from some of the most recognizable names in retail looking to disrupt their industries. Get the 54-page retail report.

Innovation 77

Innovation Retail Branding Technology 77

Banking 2020

JANUARY 27, 2016

For the last few years, developed countries around the world have been witnessing an unrelenting march away from cash, as consumers take advantage of new technologies such as fast payments, contactless and mobile to complete transactions without resorting to notes and coins. percent for Europe for 2012-13 – up from 3.6

National 40

National Mobile Technology Payments 40

Fintech Labs Insights

FEBRUARY 23, 2016

With Coinbase and Motif Investing both winning a place on Fast Company’s Most Innovative Companies of 2016 list, it looks like bitcoin and innovations in investing remain two of fintech’s hottest trends. ” The list will be published in the March 2016 issue of the magazine. .”

San Francisco 12

San Francisco Innovation Company Bitcoin 12

PYMNTS

MAY 23, 2016

2012 with the intention of creating a mobile-only, merchant-owned payments scheme that ran over ACH rails. MCX coalition members hoped that the scheme would be attractive enough to consumers that many of them would shift away from what they were using in the store — branded plastic cards — to its mobile payments scheme.

Software 109

Software Mobile Cards Apple 109

NCR

DECEMBER 9, 2016

With payment innovations like contactless cards and mobile wallets becoming more widely accepted all the time, it seems that the need for consumers to carry cash is dropping by the day. In no country is this more evident than Sweden, where 80 per cent of all transactions are completed by card, according to the Swedish Trade Federation.

Cards 40

Cards Payments ATM Technology 40

PYMNTS

APRIL 25, 2016

And while slow is a relative term, adding perhaps 30–45 seconds to a transaction over the old swipe method, those seconds tick by slowly for consumers who can not fully understand a technological improvement that seems to have made their experience at the point of sale worse. Yes, folks, that is a huge move in just three months.

Lending 100

Lending Mobile Cards Fraud 100

CB Insights

AUGUST 23, 2018

Over the past two years, the bank has spent nearly $20B to scale its technology and prepare itself for the next generation of banking. JPM boasts an industry leading credit card network. With an elite rewards network, JPM is able to use its credit cards as a lever to attract and retain valuable clients. Branded cards.

Cards 76

Cards Mobile Strategy Branding 76

CB Insights

DECEMBER 5, 2017

The same group completed fewer than 25 investments in aggregate between 2012 and 2014. XL Innovate. Here are a few takeaways from analyzing the graph below, which encompasses over 125 deals: Of the 12 P&C insurers analyzed, Ping An and AXA have been the most active since 2012. Number of investments (since 2012): 2.

Strategy 28

Strategy Marketing Analytics Innovation 28