On The Web

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Uncategorized

Credit-Card Issuers Not the Bargain They Appear to Be

October 8 2018

“Growth of revolving consumer credit balances slowed to 6.1% in 2017 from 6.8% in 2016, according to Federal Reserve data. It slowed further in the first half of this year, contracting slightly in the first quarter and rising at a 2.9% annual rate in the second. But lending recently reaccelerated to a 5.6% annual rate […]

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Uncategorized

Five Reasons The Payments Business Is Ripe For Big Change

September 20 2018

“The fintech revolution is changing the way banks and payments companies have won and retain customers. Traditionally, one institution could serve all of your financial needs. In the near future, business and consumers will interact with multiple companies in a more decentralized, technology-driven system.”

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Uncategorized

U.S. Mobile Giants Want to be Your Online Identity

September 13 2018

“The four major U.S. wireless carriers today detailed a new initiative that may soon let Web sites eschew passwords and instead authenticate visitors by leveraging data elements unique to each customer’s phone and mobile subscriber account, such as location, customer reputation, and physical attributes of the device. Here’s a look at what’s coming, and the […]

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Domains

Banks are turning branches into coworking spaces

May 21 2018

“As megabanks like JPMorgan Chase and Bank of America work on improving business banking by enabling things like digital onboarding and Zelle for business customers, small banks are working on branch innovation, mostly by turning them into coworking spaces. Earlier this year, JPMorgan Chase said despite the continuing decline of bank branches it would open 400 new ones […]

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Uncategorized

Fintech Regulation: New Law to Impact Mobile Wallet Operators in Singapore

October 16 2018

“Singapore is about to introduce a new law to prevent shadow banking by requiring mobile wallet operators and payments startups to ring-fence deposits so they don’t function as unregulated banks.”

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Uncategorized

Mailchimp teams up with Square to launch shoppable landing pages

November 16 2018

“Mailchimp, the popular email newsletter service and marketing platform, today announced a partnership with Square that will allow its users to create landing pages with built-in e-commerce features. These shoppable landing pages are meant to give businesses a new sales channel to sell things like limited-edition goods or run-targeted promotions.”

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Uncategorized

U.S. Holiday Retail Sales Are Strongest in Years, Early Data Show

December 26 2018

“Total U.S. retail sales, excluding automobiles, rose 5.1% between Nov. 1 and Dec. 24 from a year earlier, according to MastercardSpendingPulse, which tracks both online and in-store spending with all forms of payment. Overall, U.S. consumers spent over $850 billion this holiday season, according to Mastercard.”

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Uncategorized

WhatsApp chief writes to RBI to expand payment services

December 4 2018

“WhatsApp Chief has written to the Reserve Bank of India (RBI), seeking a formal nod to expand payments services to all its 200 million users in India. The messaging app, which has drawn fire from the government over spread of fake messages on its platform, continues to wait for a regulatory clearance to launch full-fledged […]

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Tech

Quicken, US Bank launch co-branded Mastercard with mobile payment features

November 29 2018

• in
• Mobile wallets

“Quicken Inc. has launched a co-branded MasterCard with U.S. Bank, featuring contactless payment and which integrates directly with the company’s personal finance software and mobile app, according to a company release. Quicken said the MasterCard program is the first such card agreement designed to help users manage their personal finances, including spending, budgeting and financial planning. […]

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Uncategorized

WeChat is quietly ranking user behavior to play catch-up with Alibaba

January 16 2019

“More than one billion people leave behind trails of information on WeChat every day as they use the messenger to chat, read, shop, hail rides, rent umbrellas and run many other errands. And the Tencent app has quietly started using this type of signal to determine whether a user is worthy of perks such as deposit-free […]