Remove 2007 Remove Fed Remove Online and Mobile Banking
article thumbnail

Fintech Hall of Fame: The Top Digital Innovations in Financial Services

Fintech Labs Insights

Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It was called Online Banking Report and was read by a sizable portion of major industry players. Note: These are the rankings from 10 years ago.

article thumbnail

Killing The I-Bank: The Disruption Of Investment Banking

CB Insights

In 2006, investment banks were at the top of the finance world. After the collapse of Lehman and Bear Stearns and the global financial crisis that ensued, the business models of the world’s biggest investment banks needed to change. As a result, banks are facing dropping IPO profits. Some banks have collapsed.

article thumbnail

The Fastest Path To Faster Payments In The US

PYMNTS

But, don’t look for the recommendation to kill checks to emerge from the report that the 500+ person Fed Task Force that’s examining the path forward for the U.S. In fact, my bank loses the use of those funds the minute that the check is presented, regardless of when Bryan uses the money. is said to issue by year’s end.

article thumbnail

Mobile: Why Smartphone Banking Usage Rates Have Stalled

Fintech Labs Insights

The Fed''s latest mobile banking/payments usage numbers ( full text ) were bouncing around the fintech blogosphere last week. Note: The online survey was fielded in December of each year. The only sour note was the flatline of mobile banking usage among smartphone owners. Those trends were all upbeat.

article thumbnail

QR Codes: The Suddenly Sizzling Payment Method

PYMNTS

The consumer-presented QR code mobile payment use case allows customers to display a QR code on their mobile devices that can then be scanned by a merchant optical scanner to read the code. trillion worth of mobile payments made in China last year, the vast, vast majority of which are handled via QR code on the WeChat and Alipay apps.

article thumbnail

The Roil Over B2B Payments Rails

PYMNTS

It may have started in 2007 when the U.K. launched its Faster Payments scheme, after the regulator said the banks had to comply, but has amped up ever since, as regulators in a few other countries have followed in the U.K.’s Topic Two: Banks — sure, they’re boring as all get out, but they are innovating. s footsteps.

B2B 76
article thumbnail

Why Regulators’ War On Fees Will Kill Consumers

PYMNTS

Google makes one of the leading mobile operating systems in the world — Android — and licenses it for free to companies like, say, Samsung that make it the software foundation of smartphones they sell for hundreds of dollars. The payday lenders rely on banks to collect payment for them. But let’s dig into this a bit more.