PYMNTS

DECEMBER 29, 2020

The pandemic has led to massive changes for banks, which have had to radically adjust their operations despite generally being deemed essential businesses. One FI navigating pandemic-related challenges is Massachusetts-based Avidia Bank , which was founded in 2007 and currently has $1.9 Online innovations .

Online and Mobile Banking 78

Online and Mobile Banking Credit Union Authentication Mobile Banking 78

PYMNTS

APRIL 11, 2019

After the June 2007 announcement of Apple’s first-ever iPhone and the ensuing buzz around iOS apps, financial institutions (FIs) began developing offerings to ease digital banking. Twelve years later, however, mobile banking has become ubiquitous across much of the global financial ecosystem.

Mobile Banking 49

Mobile Banking Online and Mobile Banking Use Case ATM 49

PYMNTS

DECEMBER 11, 2019

Since the rise of M-Pesa in 2007, mobile money wallets have become prevalent across Africa. Because their mobile money wallets lack a virtual or physical network credential associated with them, in general they can not work with international use cases. But that might be changing, as today (Dec.

Cross-Border 57

Cross-Border Credential Online and Mobile Banking Push-to-Card 57

PYMNTS

MARCH 18, 2019

recently fell to the lowest rate since the 2007-2009 financial crisis, but a new product launch from JPMorgan Chase & Co. The financial institution on Monday (March 18) “began offering checkless accounts with access to its mobile app, branches and ATMs for $4.95 The percentage of unbanked people in the U.S. In 2017, 6.5

Consumer 70

Consumer Online and Mobile Banking FDIC Checks 70

FICO

FEBRUARY 15, 2021

With the rise of Open Banking, this trend is now hitting financial services. Are you ready to become a banking ecosystem? Then there was the mobile market. Up until 2007, seven companies shared 99% of global mobile phone profits : Nokia, Samsung, Sony Ericsson, Motorola, LG, RIM and HTC. Are You Ready?

Online and Mobile Banking 52

Online and Mobile Banking Non-Bank Authorization Fraud Prevention 52

CB Insights

MARCH 7, 2019

Startups are building applications for the 66% of citizens in Sub-Saharan Africa that are unbanked, according to the World Bank. Join us for a live briefing as we take a look at some of the most important trends happening in payments, both at the physical point-of-sale and online. live briefing: Payments Trends to Watch in 2019.

FinTech 51

FinTech Online and Mobile Banking Payments Trends Research 51

Fintech Labs Insights

MARCH 30, 2015

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. Why has smartphone mobile banking stalled?

Online and Mobile Banking 33

Online and Mobile Banking Mobile Banking Non-Bank Issuers 33

CB Insights

OCTOBER 26, 2020

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.

Underwriting 78

Underwriting Research Online and Mobile Banking Non-Bank 78

PYMNTS

JULY 18, 2019

Frechette traced that trend back to consumer preferences that have been set by the increasing pace of online and mobile commerce and payments — not just by Amazon, but pretty much any major or successful player that has employed data to gain a better, much deeper understanding of their customers. Credit Cards.

Credit Union 49

Credit Union Innovation Credit Cards Online and Mobile Banking 49

PYMNTS

SEPTEMBER 4, 2017

say they have used contactless card technology to make a payment since the technology was first launched in September 2007. Researchers also concluded that contactless payment users are also twice as likely to have made a high-value purchase on their mobile device. More than a third of U.K.

Contactless Payments 54

Contactless Payments Online and Mobile Banking Payments Payer 54

CB Insights

SEPTEMBER 10, 2019

A 2018 survey by Bank of America shows that millennials’ top financial priorities were saving for emergency funds (64%), saving for retirement (49%), and saving to buy a house (33%) — not much different from the concerns their baby boomer parents had 30 years ago. From big banks to big tech. From big banks to big tech.

Finance 77

Finance Online and Mobile Banking Advisors Micro-Entry 77

CB Insights

NOVEMBER 6, 2018

Company Description: Founded in 2012, this Berlin-based company runs an online used car exchange via a family of sites such as Auto1.com, Earlier this year, it launched a fintech subsidiary, Auto1 Fintech, with Deutsche Bank and Allianz. Company Description: Based in Sweden, Klarna provides online payment solutions.

Online and Mobile Banking 76

Online and Mobile Banking FinTech Payment Solutions Debit Card 76

PYMNTS

NOVEMBER 7, 2016

In Poland, it’s fair to say that cash is still king,” stated Joanna Erdman, director of core service and non-banking products at mBank, one of the largest banks in Poland. Most recently, cash share usage in Poland experienced a surge from 2000 until 2007. Cash’s reign, however, could be coming to an end. Cash’s volatile reign.

Online and Mobile Banking 60

Online and Mobile Banking Debit Card ATM Research 60

PYMNTS

NOVEMBER 21, 2016

The launch of the iPhone in 2007 and the App Store in 2008 opened everyone’s eyes to the impact that mobile would have on payments and commerce. Twenty years and hundreds of millions of smartphones later, the digital payments experience is anything but consistent anywhere — online, in-store and in-app.

Digital Payments 86

Digital Payments Payments Visa Online and Mobile Banking 86

PYMNTS

JANUARY 1, 2019

In fairness, it was 1995 — Amazon was a year old and a bookseller online. The fact that Gates was right about the first two is arguable, what with the explosion of online mobile banking, digital payments and tech-based financial services. The iPhone, for example, didn’t impress him much. and around the world.

Online and Mobile Banking 60

Online and Mobile Banking Bitcoin Mobile Payments Point-of-Sale (POS) 60

CB Insights

APRIL 17, 2018

10 of the top 20 worked in banking, consulting, or law prior to entering VC. After 3 years with Credit Suisse , Bill joined Deutsche Bank for a short time to focus exclusively on internet companies. While at Deutsche Bank, Bill expanded his network within Silicon Valley and inevitably joined Hummer Winblad Venture Partners in 1997.

Acquirers 71

Acquirers Online and Mobile Banking Consulting Technology 71

PYMNTS

AUGUST 3, 2020

Missouri-based Askinosie Chocolate , which has sold ethically sourced confections since 2007, has been tackling such challenges. Askinosie had to visit many of these farmers in person to help them obtain bank accounts, in fact, so they could receive international payments, which the chocolatier delivers via wires.

Checks 81

Checks Online and Mobile Banking B2B P2P 81

PYMNTS

JANUARY 30, 2017

While we may struggle to remember a day before everyone carried a smartphone, it wasn’t that long ago that mobile technology was still the stuff of science fiction (and beyond that, even the Star Trek “communicators” were more one-time burners than actual computers in your pocket). From the dark ages to mobile.

Online and Mobile Banking 56

Online and Mobile Banking On-Demand Adjustments Checks 56

CB Insights

DECEMBER 7, 2017

Originating, processing, and underwriting a home loan with a large bank lender still requires faxes and snail mail and take almost as long as it did 20 years. Non-bank lenders are becoming much bigger players in mortgages. In 2011, three banks accounted for half of new mortgage loans, according to the Washington Post.

Non-Bank 69

Non-Bank Online and Mobile Banking Origination Underwriting 69

PYMNTS

AUGUST 21, 2018

Increasingly, digital strategy is in the purview of banks and non-bank lenders, who in turn are seeking pairings with FinTechs. The digital efforts, according to Financial Review , show how companies that leverage online lending and brokerage activities – such as Uno – are automating many steps in consumer borrowing processes.

FinTech 40

FinTech Cross-Border Online and Mobile Banking Verification 40

PYMNTS

AUGUST 4, 2017

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.

Payments 49

Payments Online and Mobile Banking Push-to-Card Debit Card 49

PYMNTS

SEPTEMBER 14, 2020

In 2007, Netflix introduced streaming services to further scratch that consumer itch. Apps on mobile phones and tablets with 4G connections introduced even more flexibility to consumers to watch movies and other video content anywhere they wanted. At their peak in 2005 , DVDs were a $16.3 What’s wrong with that picture?

Innovation 98

Innovation Consumer Online and Mobile Banking Checks 98

PYMNTS

SEPTEMBER 19, 2016

Technology enthusiasts draw pictures on whiteboards showing bots as the new king of the stack, out-stacking the last great stack — apps, which sit on top of the next-to-last great stack — mobile operating systems, which sit on top of the next-to-next-to-last great stack — the web. So, what gives? It did — and WeChat was born. Add some sizzle.

Bots 79

Bots Credential Online and Mobile Banking Payments 79

Stax

JULY 1, 2024

Paychex Flex is their online payroll software solution designed specifically for small businesses. Reviews praise the mobile app and new hire reporting but mention poor customer support. OnPay OnPay is a cloud-based payroll and HR solution founded in 2007.

Small Business 88

Small Business Payroll Direct Deposit Compliance 88

Fintech Labs Insights

MAY 13, 2015

Then, Shoeboxed showed its expansion into email receipts: “Receipt capture is becoming a standard banking feature: Taking pictures of receipts with a mobile phone that are then matched to the corresponding credit card transaction was just the beginning. Founded: May 2007. HQ: Durham, NC. Website: shoeboxed.com.

Online and Mobile Banking 22

Online and Mobile Banking Correspondent Credit Cards Mobile Banking 22

PYMNTS

OCTOBER 8, 2018

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

B2B Same Day ACH Payments ACH 76

CB Insights

MARCH 6, 2019

Companies across industries from food delivery to mobile payments disintegrate for all kinds of reasons, from technology errors and logistical challenges to overspending and outright fraud. With lower costs and a bigger market to sell to, a new crop of online pet supplies retailers eventually emerged. The rise and fall of Pets.com.

Online and Mobile Banking 78

Online and Mobile Banking On-Demand Product Technology 78

PYMNTS

MAY 22, 2017

9, 2016, a surprise announcement by India’s Prime Minister Narendra Modi demonetized 500 and 1,000-rupee bank notes, essentially removing from circulation 86 percent of the country’s currency (in a heavily cash-reliant society). However, the movement leading up to adoption of mobile banking has been very, very slow.

Online and Mobile Banking 41

Online and Mobile Banking Digital Payments Settlement Non-Bank 41

PYMNTS

OCTOBER 17, 2016

From 1992 to 2007, it traded on the NYSE before being taken private by KKR. billion to its bank account — and not the $3.7 That, Bisignano said, meant pushing First Data’s pedal hard on mobile, global and digital. We love to partner with our clients; we love to build solutions with them that help them drive mobile and digital.

Small Business 76

Small Business Online and Mobile Banking Process Innovation 76

CB Insights

AUGUST 14, 2018

Perhaps the most glaring example of the tendency to dismiss innovative new players was when Apple’s iPhone hit the market in 2007. It was the first example of a smart mobile phone. That will be their role in mobile phones as well.”. PillPack allows users to buy medications online in pre-made doses. Mobile gaming.

Bitcoin 78

Bitcoin Online and Mobile Banking Advisors Origination 78

Fintech Labs Insights

NOVEMBER 8, 2016

One of the paradoxes of the early digital banking era (1995 to 2007) was why Capital One was a laggard? The new company (spun out from Signet Bank in 1994) was widely revered as a data analytics and marketing master. As recently as 2010 they were the last major bank to launch a native mobile banking app.

Transactions 17

Transactions Online and Mobile Banking Disputes Issuers 17

Fintech Labs Insights

NOVEMBER 10, 2023

Consumers have been banking online for 28 years. And from the very beginning, there have been pure-play digital banking startups. The first, online bank Security First Network Bank (SFNB) launched in 1995, just a year after Amazon.com. But unlike ecommerce, digital-only banking was slow to catch on.

NOV 15

NOV Consumer Online and Mobile Banking Small Business 15

Fintech Labs Insights

AUGUST 12, 2014

Table: YC Fintech Companies by Year Class Total Companies # Fintech Companies % Fintech 2014 (half year) 56 5 9% 2013 83 9 9% 2012 117 8 7% 2011 89 7 8% 2010 61 6 10% 2009 39 1 3% 2008 43 1 2% 2007 32 2 6% 2006 17 0 0% 2005 8 1 13% Total 545 40 7.4% Standard Treasury [link] APIs for commercial banks. Then set and forget them.

FinTech 26

FinTech Online and Mobile Banking Multi-Currency Bitcoin 26

CB Insights

MARCH 13, 2019

Company Description: Headquartered in San Mateo, California, Roblox is an online gaming platform. Pizzas are transported in mobile kitchens to improve freshness on delivery. It allows for messaging via mobile and web apps, and supports usage by team members across multiple departments. Valuation: $2.5B. Total Funding: $250M.

Online and Mobile Banking 77

Online and Mobile Banking Automation Payment APIs and Integration Technology 77

PYMNTS

FEBRUARY 13, 2017

While it was easy to chalk things up then to the financial crisis and the consumer spending hangover that resulted, we dug deeper and discovered the enormous shifts in buying online from physical stores that had been underway. Economists increasingly point to a concentration of businesses now across just about every sector.

Small Business 53

Small Business Online and Mobile Banking Innovation Void 53

CB Insights

JUNE 6, 2019

On the other, you have companies like Earth Class Mail, which despite its large user base went bankrupt during the 2007-08 financial crisis, only to reinvent itself and flourish under new ownership more than a decade later. By February 2014, Quirky had just $50M left in the bank and was burning through almost $6M per month.

Breach 78

Breach On-Demand Product Acquirers 78

PYMNTS

JANUARY 15, 2018

In fact, we’re seeing it happen in a variety of retail, banking and broader commerce pilots and prototypes today. It’s also why mobile order ahead has seen such speedy growth. Over the last five or so years, consumers have increasingly used their mobile devices and apps to discover and buy things. Here’s why.

Innovation 43

Innovation Payments Online and Mobile Banking Authentication 43