Author: hjenkins42

Crooks follow the money, and right now there’s a lot of money in buy now pay later (BNPL), which currently accounts for about $97 billion of global e-commerce transactions. That number is expected to double by 2024, according to Worldpay, the payment processing firm owned by core provider FIS. Although 71% of 2,000 businesses surveyed…

Earlier this year, PwC’s Vicki Huff Eckert published a report that looked at the impact of VC investment on the technology industry. Eckert is Vice Chair for Technology, Media, and Communications – and the global leader of New Ventures and Innovation – for PwC. She will be featured at FinovateSpring next week in San Francisco…

Apple is using CNote’s platform to invest $25 million in underserved communities. Oakland-based CNote facilitates investments in economic equality, racial justice, gender equity and climate change initiatives. Apple joins other companies using CNote to invest, including Mastercard, Patagonia, PayPal, and Netflix. CNote, a company that facilitates investments in fixed income and time deposit products that…

Minna Technologies has launched a new solution to help merchants recover revenue and re-engage customers who recently canceled subscriptions. The new offering, Merchant Solutions, helps solve a pain point in which bank cards are often blocked during a subscription cancellation. Merchant Solutions tackles the new reality of subscription management in which customers are more proactive…

The internet (Web1 and Web2) changed our lives in profound ways. Once again we are on the brink of another big change. We are at a point of transition between technological evolutions that are going to change how we play, how we shop, how we hang out with friends, and even how we go to…

Most small and midsize business (SMB) owners have adopted new banking technology but are experiencing losses due to inflation. What’s more, 70% of SMB owners integrated new digital tools and strategies for their business in the past year, including online business banking tools, mobile apps and cashless payments, according to a report released this week…

Sixty-three percent of respondents to a recent survey think resetting their password is a huge inconvenience and 14% would rather be stuck in rush-hour traffic than reset their password. And ironically, at one institution, fraudsters were able to pass knowledge-based question barriers 92% of the time, while actual customers correctly answered the questions only about…

Lithuanian account-to-account (A2A) payments fintech kevin. raised $65 million in a series A round, the company announced Tuesday. Founded in 2018, kevin. facilitates card-free payments between banks and merchants and posits itself as a “leader” in web- and app-based A2A payments in Europe, according to a release. The fintech’s solution is API-based and does not…

There’s more to fintech innovation in Mexico than remittances. But this week’s fintech headlines from America’s nearest neighbor to the south have reminded of the major role that money transfer services play in the financial services landscape of nations like Mexico. Late this week, Western Union announced that it was teaming up with Pagaphone SmartPay…

Payment and transaction services company Worldline and credit decisioning firm Algoan are joining forces. The two are developing a credit assessment tool that will help lenders make better, faster, and more efficient lending decisions. The credit assessment solution will leverage Worldline’s open banking experience as well as Algoan’s credit decisioning expertise. Payment and transaction services…