Month: November 2017

A well-rounded Square takes another crack at consumer payments

Over the years, Square has evolved from a supplier of simple card readers to a provider of diverse omnichannel services. But the consumer market has always eluded it. Starting in 2011, Square debuted Card Case, which allowed consumers to store a credit or debit card with Square after using it at a Square merchant. The…
Read more


November 9, 2017 0

How ‘faster payments’ empowers a better customer experience

2020. What once seemed like a far-off and futuristic date is just around the corner. Even if 2020 doesn’t deliver on the space travel and intelligent robots promised in science fiction, we can be confident that Americans will at least have access to new payments systems that are suited to the modern digital economy. 2020…
Read more


November 8, 2017 0

Apple Pay Cash enters public beta testing

Apple Inc. is nearing the rollout of Apple Pay Cash with the person-to-person payments service’s debut today as a public beta test, five months after the initial announcement. Apple Pay Cash now appears as an option within the Messages app for newer iPhones and Apple Watches in the latest beta version of iOS, enabling users…
Read more


November 7, 2017 0

An AI startup brings a virtual assistant to the debit card

The fintech startup Douugh, which has built an artificial intelligence engine designed to help consumers regain financial health, and Choice Financial, a community bank based in Fargo, N.D., are teaming up to create a new digital bank account and debit card. The two firms will jointly launch a checking account and debit card with Douugh’s…
Read more


November 7, 2017 0

Banking is a team sport, so choose your players wisely

I started on Wall Street in 1980 as an investment banker in Lehman Brothers’ natural resources group. With very few women in financial services at the time, I was often asked, “How long do you think you’re going to stay at this?” It wasn’t a question of if I’d leave, but when. Back then, many…
Read more


November 7, 2017 0

Proposed GOP tax reform, PayPal waives international fees, banks and data sharing: Essential Banking News

With the latest tax reform bill proposed by the GOP, this week’s essential banking news looks into the potential ramifications.


November 6, 2017 0

11.6.17 Your morning briefing

The information you need to start your day, from PaymentsSource and around the Web: Western Union scores in digital: Western Union has made several moves to ramp up its technology game in the face face of fintech rivals, adding support for mobile payments through Apple Pay and embracing messenger bots in the past year. It’s…
Read more


November 6, 2017 0

Mastercard adds former CIA deputy director to boost security

Mastercard’s enhanced security strategy is getting a personnel boost through the addition of CIA veteran Jeanne Tisinger as a senior adviser for cybersecurity. In her new position Tisinger will help Mastercard implement and expand its security strategy and public policy initiatives, the company said Friday. “People shouldn’t have to choose between convenience and security,” Ajay…
Read more


November 5, 2017 0

Amazon scales back fresh grocery delivery after Whole Foods deal

Amazon.com Inc. is scaling back its grocery delivery service Amazon Fresh in parts of at least seven states, tweaking its strategy after buying Whole Foods Market in June. The states affected are New York, New Jersey, Pennsylvania, Maryland, Virginia, Connecticut and California. Amazon launched the Fresh delivery service a decade ago in Seattle, which was…
Read more


November 4, 2017 0

Starbucks pushes Visa co-brand, mobile pay to fuel growth

Starbucks executives did not deliver growth numbers on its Mobile Order & Pay smartphone app during a Nov. 2 fourth-quarter earnings call, but did give it high enough marks to be confident the service will soon be available to all of its customers. In addition, Starbucks president and CEO Kevin Johnson said the company will…
Read more


November 3, 2017 0