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Majority of Americans Foresee Cashless Future, But It's Not Here Yet

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...

FinTech Firm Switch Raises $2 Million in Funding

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...

Global Accelerated Ventures Announces FinTech Startup Challenge

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...

Walmart Exec Gives Update on Retailer's FinTech Efforts

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...

P2P Lender Prosper Announces Plans for HELOC Product 2

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...

OCC to Continue FinTech Plans Despite Legal Challenge

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...

OCC Faces Another Lawsuit Over FinTech Charters

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 to Open FinTech Campus in Palo Alto

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...