Mobile payments

Neobanks pose latest threat to prepaid card issuer Green Dot

11/08/19

Earlier this decade, a boom in low-cost prepaid cards undercut the firm's business model. Now the fiercest competition is coming from venture capital-backed startups that offer accounts with no overdraft fees.

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Need to move $1.6 billion? Bank of America has an app for that

11/08/19

This summer, an international electronics company completed a $1.6 billion payment by mobile phone, the biggest transaction ever on the bank's CashPro app, according to Bank of America.

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Is Big Tech’s ‘for the people’ rhetoric legit?

11/03/19

Large tech companies have been driving home the message that they can help the many Americans who struggle financially. But there are good reasons to be skeptical of their intentions.

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Is Uber Wallet a challenger bank—or something more ambitious?

10/28/19

Uber launched a series of financial services to provide real-time wage payments and enhanced account features in a single app, seemingly putting Uber in the role of a digital bank.

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PayPal’s Synchrony pact gives rise to a Venmo credit card

10/17/19

Venmo’s P2P social payment app has become a major part of PayPal’s retail strategy, a play that’s getting a boost from a Synchrony co-branded credit card.

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Where banking-fintech partnerships fall short

09/18/19

Fintechs that simply offer cosmetic upgrades to the cumbersome American banking system won't survive.

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HSBC presses its advantage as contactless-only issuer

08/20/19

As major U.S. cities continue to implement contactless tap-and-go acceptance to collect transit fares, at least one bank sees this trend as an opportunity to put its cards on center stage.

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Apple Card fortifies the digital model, and that's trouble for banks

08/09/19

Apple's massive user base, fully digital enrollment system, merchant reach and partnership with Goldman Sachs threaten retail banks on multiple fronts.

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Walmart crypto coin patent could be a back door to banking

08/02/19

Walmart has filed a patent application for a digital currency that, like Facebook's Libra, would be a stablecoin backed by traditional currencies. And it envisions a very specific use case where its coin could stand in for cash — or even for a bank account.

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TD Ameritrade wants to steer customers toward in-car voice assistants

07/24/19

The brokerage expects customers will use conversational tech to check accounts and perform other financial transactions while stuck in traffic.

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