With startups steadily squeezing out the fees for retail payments, doing to same thing for people buying stocks was probably inevitable — it just took longer in the heavily regulated brokerage space. But startup Robinhood Financial has finally launched its long-awaited zero-fee stock-trading app, VentureBeat...
Financially underserved consumers now spend more than $100 billion a year on financial fee and interest charges, according to a report released Thursday (Dec. 11) by the Center for Financial Service Innovation. The CFSI estimated that underbanked U.S. consumers used $1.3 trillion in financial products...
Apple started accepting PayPal in its online retail store in both the U.S. and the U.K. on Thursday (Dec. 11). Although the two companies have been exchanging words of not-niceness regarding its rivalry with mobile in-store payment (ApplePay versus in-store PayPal), its online relationship has...
In the latest attempt at an IBM-Apple product marriage, the two companies on Wednesday (Dec. 10) unveiled IBM MobileFirst, an iOS enterprise app package that, according to a statement issued by the two firms, “bring IBM’s big data and analytics capabilities to iPhone and iPad...
Jack Dorsey, the founder of both Twitter and Square, rebels against the Wall Street quarter-to-quarter mindset and plans to keep investing in Square until he sees fit to shift it to profitability. In an interview with the New York Times, Dorsey bridled when asked about...
There are now more indications that mobile purchases are now hitting the “more than 50 percent” tipping point. On Monday (Dec. 8), China mobile payment leader Alipay reported that—for the first time—more than half of its transactions were mobile. On Wednesday (Dec. 10), U.S. pizza...
The prospect of an Apple Pay Alibaba deal got a lot more likely on Tuesday (Dec. 9) when Alibaba’s Alipay payments unit said that it will now allow users to authenticate their accounts with the iPhone’s fingerprint sensor instead of a password, indicating, according to...
Only 2 percent of consumer purchases in Canada use mobile payments today, but attitudes among young adults there suggest that mobile buying will pick up soon, according to new research from GfK. Just 21 percent of Canadian shoppers reported making a mobile payment online or...
A Canadian banking upstart called Koho is joining Simple, Moven and other neobanks trying to reinvent financial services in ways that make sense to Millennials, American Banker reported. Among the key features aimed at 18- to 34-year-olds are a short-term cash-flow forecast to show customers...
