Facebook announced yesterday that it would on August 12 shut down Facebook Gifts, its program selling virtual and physical gift cards for retailers such as Best Buy and Starbucks. Does this mean digital gift cards done? Hardly. Several payments players are placing bets on gift cards just as Facebook backs off. Payment processor First DataRead More
I’m not one for “list” blogs, such as “The 13 Worst Things You Can Buy On eBay That Are Made Out Of Loom Bands” or “29 Genius Ways To Consume More Tequila,” which means I might not be Buzzfeed’s optimum visitor.
Sometimes, though, list blogs have merit.
While other banks and fintech startups are working to remove friction from the account-opening process, GoBank is adding friction. Yes, you read that right. The mobile-first bank account from Green Dot Corp. announced the following Wednesday: You’ll now need a GoBank starter kit to open a GoBank account, which isRead More
Last week, Visa opened a 112,000-square-foot innovation center near the Ferry Building at the start of Market Street in San Francisco.
PayPal and MyOrder, the payments venture owned by Rabobank, the Dutch bank, have signed an agreement to bring “check in” payments to the Netherlands, Bank Innovation has learned.
Amazon releases Amazon Wallet, which could be a big blow to retailers in the future.
Banks still have an advantage over Facebook, Twitter, and Snapchat in the payments industry when it comes to one thing: trust.
It turns out bitcoin is generating suspicious financial activity, according to the Financial Crimes Enforcement Network, better known as FinCEN.
What does a young person do today when he wants to choose a bank? He might check out what interest rates are offered on savings accounts or loans, or he might just want to know who has the coolest mobile app. We know one thing he won’t do — walk into the nearest branch to ask if the bank might be right for him.
Who needs fintech when you can have … (As seen on the wall of the recent Startupbootcamp hackathon in Utrecht, Netherlands, earlier this month.)
PayPal continues to boost parent company eBay. The San Jose, Calif.-based auction giant had a “challenging quarter,” due to the much-publicized security breaches earlier this year, but still beat earnings estimates, the company reported last night.