FinTechs Are Surpassing Banks On Cross-Border Payments
TransferWise had launched a Borderless Account for people and companies that do business across national baoundaries.
Financial Technology
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Behind The Scenes Of Real-Time Payments In the U.S.
Momentum is building around real-time #payments in the US as #banks, corporations and #fintech companies begin thinking of how this could change the way they do business or the services banks could offer.
Tom Groenfeldt – Financial Technology -
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Real-Time Payments Should Be Widely Available By Mid-2018
Real-time #payments have been a long time coming to the US but now it looks as if they #should be #available by the middle of 2018. #Banks and corporates are developing new ideas to take advantage.
Tom Groenfeldt – Financial Technology -
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Mastermind Behind Fyre Festival Also Failed a Payments Company
Unless you have blocked all social media channels at once for the past few days, you have heard of #Fyre #Festival: a luxury, millennial-focused music festival (tickets sold for up to $ 12,000) that quickly turned chaotic. The now-cancelled festival organizers are currently facing a $ 100 million class-action lawsuit. Among those founders is Billy McFarland, a […]
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Plaid and Dwolla Give a Boost to ACH in the Payments Wars
There’s a war on in #payments — the card networks (and their fees) vs. everyone else. In the U.S., payments innovation tends to center around cards. Uber, Square Cash, even, lately, PayPal are card-first. But #Dwolla, and now #Plaid, are teaming up to improve the ACH experience for builders, merchants and consumers, which could save […]
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Celent Expects More Apps To Incorporate Payments Like Uber Does
With the exception of EMV chip cards, the retail payment business has smoothly grown #more digital.
Tom Groenfeldt – Financial Technology -
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Real-Time Payments Incubator Lets Banks Get Started Without Big Investment
Real-time #payments depends on network effects — if a large corporate bank is real-time but his supplier’s isn’t, the process still goes slowly. FIS and TCH are piloting an #incubator to begin testing.
Tom Groenfeldt – Financial Technology -
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AT&T May Soon Offer In-Car Payments Via Digital Currencies
We’ve already seen several major carmakers jump into the IoT, showcasing in-vehicle #payments tech. Most recently, Jaguar and Shell showcased fuel payments tech in the U.K.; Honda and Visa had their take on in-car payments at CES 2017, while GM teamed up with MasterCard and IBM last year to enable Masterpass #digital wallet on its […]
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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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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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