Walmart has finally made it official: As of October, it will directly offer federally-insured checking accounts, albeit through an arrangement with longtime partner Green Dot. The service will be called Go Bank and its raison d’etre is to waive fees for bounced checks, overdrafts and...
Say what you will about Apple, but it sure knows how to sell phones. The first weekend for sales of its new iPhones—the 6 and the 6 Plus—moved some 10 million of the larger-screened devices, which did not come close to keeping up with demand....
Benjamin Lawsky, the New York State Department of Financial Services chief, has decided he needs to shake things up a little if he wants financial executives to take cyber attacks seriously. “I worry that we’re going to have some sort of major cyber event in...
Citi wants to get innovative about getting innovators to innovate, so it’s invoking a competition. It wants developers to push the creativity limit for new mobile and banking apps. “The Citi Mobile Challenge, will provide developers with a suite of APIs they can use to...
The European Union Council of Ministers is preparing to toughen the rules for all mobile and digital payments, according to a report in Computing.co.uk. According to the report, “The Payment Services Directive in the EU, drafted by the Council of Ministers’ presidency, recommends that the...
Much discussion has been made about the ability of the new iPhone 6 and iPhone 6 Plus to support contactless payments at Some 200,000 participating stores. But perhaps an even bigger development is how the phones could produce millions of safer online transactions. Earlier this...
Is a vague comment from the CEO of SoftCard (formerly ISIS, the AT&T, Verizon and T-Mobile mobile payment effort) that his group is “actively working with Apple” to be permitted onto the iPhone in 2015 “using integrated secure SIM-based hardware” an indication of a future...
MasterCard is labeling “successful” a biometrics payments trial (facial plus voice) where more than 14,000 transactions were confirmed in a closed iOS and Android pilot using only MasterCard employees, according to a Computerworld report. An employee-only trial would ostensibly solely be a test of the...
Startups today have found bank loans to help get them get off the ground have all but dried up. So many now turn to other investors, such as venture capitalists and “incubators” to secure their funding. Sales of company stock represent another option to pursue...
