At the Plug and Play Retail and FinTech Expo on October 22nd, I had the opportunity to interview Dominic Venturo, CIO of…
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Disruption, Innovation or Process Model Change? Why Banks Are A Great Example of Every Firm’s Dilemma
The debate What do companies really need to do to succeed over the next five to ten years – and give yourself some…
Read MoreApple has tripled the number of stores accepting Pay in 5 months
Apple Pay is accepted by 700,000 retailer locations in the U.S., and the iPhone-embedded payment service now loads cards from 2,500 card…
Read MoreWill Samsung’s mobile wallet plans work? We’ll know in 7 months
Samsung has entered the mobile payments fray with its acquisition of LoopPay, giving it the technology to turn its smartphones into wireless credit…
Read MoreYou’re either in or you’re out of MCX’s mobile payments club. Here’s why retailers are staying in
MCX can't have members break ranks and support Apple Pay or Google Wallet. Its own forthcoming app CurrentC will challenge both the mobile and finance industries, so it needs solidarity among its retail members. Can it achieve that?…
Read MoreLeaked Apple Pay docs show a digital wallet holding 8 credit cards and close bank integration
Training materials obtained by 9to5Mac show product screens for Apple Pay and offer up a few clues on how the service will be setup and its relationship to banking partners.…
Read MoreVisa: Apple Pay will pave the way for more mobile wallets that people can actually use
Visa's technology chief Rajat Taneja has high hopes for Apple Pay, but not for all of the reasons you might expect. He believes Apple will pave the way for a multitude of new payments apps.…
Read MoreMCX launches CurrentC, a mobile wallet for Walmart, Best Buy and other retailers
MCX's long-awaited mobile wallet is now in a few pilot programs, but starting in 2015, it will become available to consumers at some of the biggest retail and restaurant chains in the country.…
Read MoreReport: Square had plans to issue its own credit cards, but nixed the idea
Square's retail finance ambitions led it to create its own prototype credit card, but the company killed the project off, according to Fast Company.…
Read MoreElliptic takes $2M investment to help firms store and handle bitcoin
Stepping in where the banks won't or don't dare, Elliptic now has funding for its secure and insured Vault service, and it wants to expand its repertoire.…
Read MoreBlackBerry turns its enterprise talents to mobile payments
BlackBerry's enterprise communications network has been shipping secure email for a decade. Now BlackBerry is using that infrastructure to secure NFC payment data for Canadian mobile carriers and banks.…
Read MoreHow financial services can improve their innovation
To prove they're innovators, banks can build on their relative strengths in social media and platform/data. But there are problems at the top.…
Read MoreT-Mobile goes after the un-banked with Mobile Money
T-Mobile is becoming the public face of a prepaid financial service that gives customers access to traditional banking features.…
Read MoreDigital payments are rounding into form
Online and, especially, in-store payments are likely to advance in 2014. Banks, retailers and other payment processors are all making strides to…
Read MoreAu revoir NFC? Carrier Bouygues reportedly cools on contactless payments
According to a report in NFC Times, France's number-three mobile operator has effectively put its pioneering NFC program on hold, with top executives associated with the technology leaving the company.…
Read MoreYour FICO score is out of date. Here’s why
Financial institutions are looking beyond FICO scores to Facebook, Twitter and other social media outlets to measure a borrower's risk profile. That's not always bad.…
Read MoreBehind eBay’s $800M buy: Braintree will replace PayPal’s developer platform
PayPal tried to revamp its developer platform this spring for the new mobile commerce reality, but it realized it wasn't moving fast enough. It decided to buy Braintree, which already had sophisticated tools in place.…
Read MoreBad news for Isis: Capital One pulls out of mobile payments trial
Capital One says it has the data it needs and is withdrawing from Isis, the mobile carriers' NFC-based mobile payments effort. If banks are losing faith in Isis, that's a bad sign for its future prospects.…
Read MoreiZettle breaks out of Europe, bringing its mobile payments service to Mexico
Sweden's iZettle is now at Square's doorstep thanks to help from Banco Santander. The company has updated its credit card reader for the North American market. Could a push into the U.S. be far behind?…
Read MoreiZettle, Square’s European cousin, gets €5M infusion from Banco Santander
iZettle will start offering its credit card reader to its U.K. banking customers. That gives iZettle another key distribution point as it waits for Square and PayPal to challenge it in Europe.…
Read MoreThought of the Day: When in doubt borrow $$$
The other day I had coffee with an entrepreneur whom we’ll call Shai. Shai was entertaining me with good, and not-so-good, stories…
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