Spain’s CaixaBank Launches Mobile App To Meet Millennial Expectations
Celent named #CaixaBank bank of the year for its foray into an all-digital bank which aims to offer experience rivaling Facebook and Amazon.
Tom Groenfeldt – Financial Technology
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Innovation Still Centers on Cards as Mobile Payments Languish
#Cards may be fumbling at the #innovation game, but they’re #still the center of the #payments world, while #mobile payments remain a geeky sideshow. Another all-in-one card ran out of cash this week — the long-expected Plastc, announced back in 2014, didn&8217;t ship a product, and closed its doors suddenly, leaving its backers and investors &8212; it had […]
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Wells Fargo’s Take on Joining PayPal and Android Pay for Its Mobile Customers
#Wells Fargo is bringing #PayPal to the point of sale. The bank’s #mobile #customers will now have the ability to make purchases through the mobile wallet in-store, as well as through mobile and online methods, the bank announced today. #Android Pay announced an agreement with PayPal this morning, which means more #banks should announce PayPal […]
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Chase, Wells Report Strong Mobile User Growth
JPMorgan #Chase and #Wells Fargo are certainly on the right track to becoming #MobileFirst. Both #banks reported their first quarter 2017 earnings this morning, demonstrating #strong #mobile #user numbers (despite the troubling few quarters that at least one of the banks went through). Chase reached 27.2 million active mobile customers this quarter, up 14.7% from the […]
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Mobile Payments Can Boost Growth And Profitability
#Mobile #payments are taking off with consumers around the world — retailers have a ways to go before they catch up.
Tom Groenfeldt – Financial Technology -
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Will Merchants Hand Over More Data to Make Mobile Wallets Work?
Online retailers have several advantages #over their brick and mortar counterparts. They have lower costs, plus a place on the smartphone screens (and in the hearts) of younger shoppers. In a recent Piper Jaffray survey, teens’ favorite website was Amazon (43%), followed by Nike (5%). Yet the bulk of shopping still takes place in brick and […]
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Amazon Cash: Just Like a Gift Card, But Mobile
#Amazon announced its new Amazon #Cash offering this morning, alongside a list of participating retailers which thus far include CVS pharmacy and Speedway. However, Amazon Cash seems to be less of a #mobile wallet, and more of an alternative payment method for consumers, who lack traditional ways to pay. Unlike Square or PayPal or Apple versions, […]
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Want Mobile Banking Users? Eliminate the Login
#Users will access their #mobile and online #banking accounts more frequently, even twice as often, if they don’t actually have to complete the #login process. According to the most recent Monkey Insights report, released today by Malauzai Software, “quick balance” end users—meaning those utilizing a mode which allows them to see their balances without having […]
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Citi Mobile App Downloads Doubled in 2016
#Citi Group also wants to join the ranks of the “e-#banks” of U.S. The bank’s #mobile app userbase soared in #2016, Bank Innovation has learned. According to a company spokeswoman, &8220;last year alone, North America mobile app customers have grown by 50%, and mobile app #downloads have #doubled — we saw over 3.25 million downloads in 2016,&8221; she […]
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Mobile Wallets (Still) Not Attractive to Consumers, Merchants
Users #still aren’t exactly flocking to #mobile #wallets, and that’s probably because #merchants aren’t that thrilled about them either. According to a study conducted by Forrester Research together with JPMorgan Chase, only about 40% of #consumers are likely to sign up and use digital wallet services. This consumer sentiment is often attributed to merchant readiness—or lack […]
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