CardLess Cardtronics ATMs to Pop Up Everywhere in the US Over Next 2 Years

FIS Cardless Cash, which reduces the risk of card skimming, will be deployed on Cardtronics ATMs nationwide is a 24-month roll-out. The deployment for mobile users by Cardtronics, the world’s largest ATM owner/operator, will not require hardware upgrades. FIS Cardless Cash, which leverages the FIS Mobile Banking app, enables banking customers to withdraw funds from…

Bitcoin ATMs Deployed in a Commercial Bank – a First in LAC

Cryptobuyer, a leading cryptocurrency and Latin American (LAC) digital asset specialist, Cryptobuyer, is the first company to install Bitcoin ATMs (BTMs) in a commercial bank. Two of its BTMs are now installed in the premises of Banistmo Bank’s headquarters. The installation of BTMs followed the recently-concluded Panamanian Association of Fintech event. Cryptobuyer was one of the…

Processors Not Fintech Startups Most Likely to Disrupt the Payments Industry

While all new technologies will be important to their business in the next two years, the majority of CFOs say they are most concerned with mobile payments and mobile capabilities to manage and approve payments (55%), with blockchain a close second (54%), followed by cloud payments (48%) and data mining (46%). Despite the buzz around…

Bankers Behind the Eight Ball on Formal Payments Strategy

Nearly nine of 10 bankers admit their bank does not have a formal payments strategy. Of those, only 46% have plans to develop a formal payments strategy. Furthermore, 36% of respondents characterize their bank’s approach to payments strategy as “fast follower,” while 54% said their bank takes a “wait and see” approach. Only 3% consider…

Discover & Capital One Emerge as Leaders in Mobile Apps for Cards & Banking

When it comes to mobile apps Capital One ranked highest in the retail bank category while Discover ranked highest in overall satisfaction in the credit card category. According to the “J.D. Power 2017 U.S. Banking App and U.S. Credit Card App Satisfaction Studies”: • Ease of use/navigation is the most heavily weighted driver of satisfaction among…

Zelle P2P Payments Ready to Explode in Q3 – w/30+ Banks & 5+ Processors

More than 86-million U.S. mobile banking consumers will be able to send and receive money through Zelle – a new person-to-person (P2P) payments network from bank-owned Early Warning Services. Zelle allows for funds to be sent from one bank account to another in minutes, using only a recipient’s email address or mobile number. “Send Money…

PayPal Exec Ankled to Head Customer Experience at TD Bank

TD Bank has landed Barry Baird, formerly with PayPal, as Head of Customer Experience. Baird joins was most recently PayPal’s Head of Business Operations, Project Management Operations, PayPal Credit Card Program. Barry’s accountabilities included end-to-end program management of all new PayPal credit initiatives and roadmap prioritization, including all major product and platform builds. He joined…

Fiserv Q1: Revenue+ . . . Sales Growth+ . . . Free Cash Flow+

WI-based Fiserv gross revenue posted up mid single-digits year-on-year (YOY) in first quarter (1Q/17). However, net income declined, impacted by the previous sale of StoneRiver, and slightly rising expenses, according to CardData. Fiserv posted gross revenue of $1394 million for the first quarter, a 5.6% YOY gain, compared to $1431 million for the prior quarter,…

Americans Want More from Banks: Budgeting – Financial Planning – Credit Monitoring

More than half of U.S. consumers are interested in having their primary financial institution provide support for household budgeting such as setting a budget to meet their financial goals and tracking their progress toward meeting their goals. Mercator Advisory Group’s Consumers and Personal Finance: Don’t Overlook the Basics report finds young adults and business owners…

National Bank of Cambodia to Test Blockchain Distributed Ledger Technology

Soramitsu has partnered the National Bank of Cambodia (NBOC) to co-develop the open source distributed ledger project, Hyperledger Iroha. Through a co-development deal, NBOC will study the implications of distributed ledger technology, while contributing to the open source development of Hyperledger Iroha and developing new payment infrastructures. Distributed ledger (blockchain) technology is what powers decentralized…