Turn Any App into a Wallet with APIs

Today most companies understand that having their branded mobile app in a consumer’s smart phone is the closest connection they have ever had with their customers. With time spent on mobile devices rising, companies with a mobile app on a consumer’s phone have a spotlight and opportunity to connect like never before. Apps are also

We Serve Unhappily Banked, Interview with Founder of CARD.com

Benjamin Katz is the Co-founder & CEO of CARD.com and is based out of Santa Monica. We talked to him recently to discuss about their solutions and expected trends in the industry. Q.1) How would you define Card.com in simple terms? It is a smartphone based alternative to bank branches. It is an effective tool

How Developed World Technologies can be applied to Financial Inclusion Problems in the Developing World

There are 2 important factors for success of financial inclusion in a country. The core technology being implemented acts as a crucial factor. But the way the overall planning for implementation is done plays a greater role itself. Majority of core technologies required for financial inclusion exist in developed nations and this is what this

First Data Analysis shows Significant Growth Rates in Prepaid Card Usage

First Data recently did an analysis of point-of-sale data tracking the usage pattern of credit cards, signature debits, prepaid cards and others. The analysis also covered spending patter across multiple segments and various market areas. The analysis was done as part of First Data SpendTrend report. A major highlight in the analysis result was prepaid

Exclusive Interview with Stephen Goodrich, CEO, NPCA

Q.1) what is the primary focus area of the company when it comes to NPCA designing/developing its solutions? Delivering value is of course our primary focus. We’re doing this by creating and delivering innovative commerce solutions that utilize amongst other things, the ACH, mobile devices and tokenized technology for security. In terms of vertical focus,

Amazon enables Carrier Billing as a Payment option thanks to Bango

Amazon has initiated carrier billing for mobile apps in order to bring more usage into its mobile business. This would enable a user to buy paid apps and make in-app purchases by simply getting the transaction amount charged directly to phone bill. Germany is the first country where the service would go live on Telefonica’s

Amazon Kills P2P Payments Service WebPay: Another Victim of Apple Pay?

In a recent development, Amazon disclosed on its WebPay FAQ webpage that it is shutting down its P2P Payments Service WebPay from October13th 2014. The company said that the service was “not addressing a customer pain point particularly better than anyone else”, and hence it had to be closed. Launched in 2007, it has been

11 Quotes in Payments, Fintech and Money to Remember

“There are 60 million consumers in this country that are underbanked. They wait in lines to cash checks and to pay bills, it’s highly inconvenient. A product like prepaid cards saves them a lot of time and inconvenience.” - Wesley Wright, senior vice president of global payments options for American Express, and head of the

Five Companies moving ahead in Digital Couponing

According to a research report, there are around 560 Mn mobile coupon users and the number is expected to rise to 1.05 Bn by 2019. In U.S. alone, the number of digital coupon users had surpassed 103.5 Mn back in 2013. In U.S., 49% of smartphone users and 10% of tablet users have used mobile

Subway teams up with Softcard to enable NFC based mobile payments

Subway is deploying NFC terminals across more than 26000 locations, the largest ever by a restaurant in U.S. The deployment is being done in collaboration with Softcard, the mobile commerce joint venture created by AT&T, T-Mobile and Verizon Wireless. The NFC terminals are Softcard branded and Softcard users pay at such terminals using their NFC