BankTech

Apple Pay: What It Was and What It Is Today

Apple introduced Apple Pay on October 20, 2014. After almost one year, today Apple pay is one of the successful in-store payments systems in the world. Initially, there was a jitter among users and banks regarding contactless payments and the security, but today no one can shy away from the...

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Payments

New Wearable Payment Technologies Will Shape Transaction Trends

According to a recent report from Tractica, wearable payment transaction volume will grow from $3.1 billion in 2015 to $501 billion worldwide by 2020.  The market intelligence firm anticipates that, in 5 years, wearable payments will represent approximately 20% of the total mobile proximity transaction volume and about 1% of...

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Enabling Technologies

Monitise, a Once-Leading Mobile Payment Company Now Struggles to Cover Its Losses; Also, the Exit of Chief Executive Elizabeth Buse

The struggling British mobile money solutions company Monitise has announced the departure of its sole Chief Executive, Elizabeth Buse, after six months in the position, and disclosed big losses. The company reported a pre-tax loss of £227M for the year to June 30, up from £63M a year earlier. The revenue...

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Payments

Users Can Now Pay Over the Miip Discovery Platform With New Payment Partners Stripe, Alipay & Paytm

Global mobile ad network InMobi recently partnered with payment companies Stripe, Alipay and Paytm to enable payments over Miip, a discovery platform that drives e-commerce on mobile apps. In conversation with MediaNama, Supriya Goswami, Head of Marketing for India and South East Asia, said that Stripe will be handling payments...

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BankTech

Exclusive Interview with Sherri Haymond, Group Head, Digital Channel Engagement, MasterCard: Detailed Insights into Company’s MDES Express Launch

MasterCard announced the launch of MasterCard Digital Enablement Express (Express) today. Express is a set of commercial terms laid down by MasterCard for issuers, token requesters and others to access their MasterCard Digital Enable Service (MDES) platform quickly and seamlessly. Express will expedite the process of digitization and tokenization of...

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Payments

Can Robo-Advisors Give Better Advice than Humans?

To measure the effectiveness of robo-advisors in comparison with human advisors, let’s first understand what "robo-advisors" means in investment management or the FinTech industry in general. Investopedia defines a robo-advisor as an online wealth management service that provides automated, algorithm-based portfolio management advice without the use of human financial planners. An article...

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BankTech

Lending Club Surpassed $11 Billion in Loans

Based on data as of June 2015, Lending Club recently announced that it had reached $11 billion in loans on its platform. Lending Club, which is America’s No. 1 peer-to-peer credit marketplace, achieved this milestone over the past 8 years since its inception in June 2007. Lending Club celebrated this accomplishment with...

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Payments

New Product Launches in India, by Paynear and Aditya Birla MyUniverse

Paynear Solutions Hyderabad-based payments solution company Paynear Solutions has launched SPOT, a new payment solutions app for recharges, bill payments, bookings and much more. SPOT includes services like prepaid mobile recharges, postpaid mobile bill payments, DTH recharges, data card recharges, landline bill payments, electricity bill payments, insurance policy payment and much more. Individuals running...

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Blockchain

The Growth of APIs in FinTech

It won't be wrong to say that APIs would power a lot of new FinTech innovation. Most FinTech companies now float their products on cloud services so that they can access API data like an on-premise database. Recently, highlighting the importance of APIs, Stephane Dubois, CEO and Founder of Xignite...

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