Month: March 2018

Biggest US Banks by Asset Size (2018)

We’ve found that it’s harder than it should be to obtain a current list of the biggest banks by asset size, so we decided to put it here. These numbers come from the FDIC in March 2018.


March 20, 2018 0

BBVA testing facial recognition for mobile payments

BBVA has started testing a facial recognition payment application for employees to use at cafeterias and restaurants at the Ciudad BBVA office and business conference complex in Madrid. The mobile app is powered through technology from startup Veridas, which was a joint venture last year of BBVA and Das-Nano. Restaurant partner Sodexo Iberia is also…
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March 19, 2018 0

Same Day ACH hits its third phase, mandating 5 p.m. availability of funds

Nacha has completed the third and final phase of the faster payments launch, requiring banks and credit unions to make Same-Day ACH funds available to depositors by 5 p.m. in local time. Prior to the third phase of Same Day ACH, the receiving depository financial institutions were required to have funds available by the end…
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March 18, 2018 0

NFC still has a trust gap for payments

This coming April, all major American credit card companies will become signature-optional, meaning merchants won’t need to require users to provide a signature in order to complete a credit card purchase. The move is hardly a radical change, but is a signal that the U.S. is catching up to the U.K. and Canada when it…
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March 13, 2018 0

3.12.18 Your morning briefing

The information you need to start your day, from PaymentsSource and around the Web: Google Pay digs deeper Now that Google has merged its Android Pay and Google Wallet apps into Google Pay, it is taking steps to expand the app’s capabilities. A new version of the Google Pay app gets access to the user’s…
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March 12, 2018 0

Amazon’s checking account push shows next target: Swipe fees

Jeff Bezos changed the way America shops. Now, he wants to change how it pays for things. With a foray into financial services, Amazon.com could disrupt the decades-old card payments system, a move that some say could save the retailer $250 million a year in swipe fees. That could be bad news for the likes…
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March 10, 2018 0

THE VOICE PAYMENTS REPORT: The next major interface for payments

BI Intelligence This is a preview of a research report from BI Intelligence, Business Insider’s premium research service. Click here to learn more. A revolution in payments and banking is beginning as virtual assistants like Siri and Alexa gain the abilities of cashiers, personal shoppers, and bank tellers. Already, Siri can help users make peer-to-peer…
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March 10, 2018 0

With the right tune up, in-car payments can take off

Technologies associated with IoT are inexpensive, low powered and frequently based on common soft- ware platforms. Recent rapid development in the automotive/haulage industries allows the integration of this tech into cars/trucks. These developments have coincided with the simultaneous rise in fintech with the use of technology supporting financial services such as payments, fostering a commonality…
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March 8, 2018 0

03.08.18 Your morning briefing

The information you need to start your day, from PaymentsSource and around the Web: Anti-gun protest targets Visa Financial services companies have felt pressure to distance themselves from the gun industry since the Parkland, Fla. high school shooting. That movement is coming to Visa’s offices in Foster City, Calif., on Thursday. The protesters will demand…
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March 8, 2018 0

03.07.18 Your morning briefing

The information you need to start your day, from PaymentsSource and around the Web: Securing shared data for PSD2 Citi and Kabbage are among the founding members of a consortium set up by the World Economic Forum to improve cybersecurity in the fintech and data aggregation industries. This is of particular importance as the complex…
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March 7, 2018 0