With new credit card technologies, mobile payments, and other such options coming to the forefront, some have wondered when the United States might be transitioning into a cashless society. In fact some merchants are looking to accelerate the process by banning cash from their stores — only for cities like Philadelphia...
The FinTech startup Switch has just announced a $2 million funding round — its largest to date. Since its founding in 2013, the firm has sought to help consumers, merchants, and card issuers manage card info online. As GeekWire reports, these efforts culminated in the release of their CardSavr API earlier...
Next February, Global Accelerated Ventures (GAV) will award more than $100,000 to innovative startups as part of their inaugural FinTech Challenge competition, sponsored by FIS. Set to take place February 6th and 7th at the Florida Theater in Jacksonville, this elimination-style event invites companies exploring blockchain, banking, payments, and other spaces to participate. In addition...
Of all the retailers you might expect to be pushing forward the adoption of digital wallets and other FinTech products, Walmart is probably not be first on your list. And yet the mega-chain has been doing just that via their Walmart Pay option, partnerships with PayPal, and more. That's why...
When it comes to being a FinTech "disruptor," stagnation can easily mean death. Because of this, companies in the business of revolutionizing finance and technology are constantly looking for new markets to enter and ways to improve their product. In some cases — as we recently saw with OnDeck spinning off...
Even before the Office of the Comptroller of the Currency (OCC) announced official plans to offer FinTech companies national bank charters, there were lawsuits in place to stop such a move. Although a judge dismissed one round of complaints saying they were premature, the Conference of State Bank Supervisors (CSBS) filed suit against...
Weeks after New York Department of Financial Services superintendent Maria Vullo filed suit against the Office of the Comptroller of the Currency (OCC) in a bid to halt the agencies issuance of FinTech bank charters, more state regulators are following in Vullo's footsteps. As Reuters reports the Conference of State Bank Supervisors...
JP Morgan Chase is headed to Silicon Valley. The bank's CEO Jamie Dimon recently announced that it was working to create a new campus in Palo Alto that will house more than 1,000 employees and focus on finding new FinTech solutions. Currently the opening of this new campus is set for 2020...