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August 25, 2020

On the web

PayKey’s Innovative Banking Keyboard Helps Standard Chartered Bank Korea to Drive an Embedded Banking Transformation

Financial IT

“Leading the next wave of banking in South Korea, Standard Chartered Bank Korea expands its partnership with PayKey , an Israeli Fintech powering frictionless mobile banking experiences, to launch a new keyboard based solution that brings embedded banking to the customers of its award-winning SC Mobile Banking app. The new solution allows customers to manage all of their bank accounts through the keyboard in any mobile app, including KakaoTalk, WhatsApp, Naver, among others – becoming the first such solution in the world. “

February 19, 2019

On the wires

Digital Debit Group Releases Retail-Grade QR App Powered by PayPal Now Available on iOS

“Newly-released in the Apple App Store, merchants and freelancers can now accept in-person payments for services rendered from millions of PayPal users.  While retail-grade in its functionality, the QR app with PayPal integration can also be used in a more casual way.  Family and friends can both pay and get paid with the Digital Debit® app by using a PayPal linked bank account, or a credit or debit card without sharing e-mails and mobile numbers.”

January 22, 2019

On the wires

Conoco® Launches Mobile Pay in Denver to Bring Easy Pay-at-the-Pump Features to Locals

“Fuel brand Conoco® launched Mobile Pay, a new payment feature in its My Conoco® app, a convenient app that allows consumers to find the nearest Conoco® gas stations, track KickBack® Points and stay up to date on promotions. With the My Conoco® app, people can now pay at the pump and in-store on their mobile devices to get to their final destination as soon as possible – whether on the way up the mountains or simply a daily commute. The My Conoco® app launched this month in Denver and is rolling out regionally throughout the year.”

January 10, 2019

On the wires

United Airlines Unveils New United MileagePlus X App

“Today, United Airlines is introducing the relaunch of the United MileagePlus X app, which offers United MileagePlus® members a unique opportunity to earn award miles for everyday purchases. The app has been refreshed to integrate additional programs to make it even easier for members to accumulate miles. Additionally, the app features the launch of United Visa Rewards with offers from merchants like Sam’s Club®, Wayfair®, and StubHubTM, offering UnitedSM Chase Visa Cardmembers even more ways to earn miles.”

December 10, 2018

On the wires

October 11, 2018

On the web

App Store generated 93% more revenue than Google Play in Q3


“There’s always been a gap between how much money Apple’s App Store makes when compared with Google Play. But in the third quarter of 2018, that gap widened considerably – possibly to the widest point yet. According to a new report from Sensor Tower, the App Store earned nearly 93% more than Google Play in the quarter, the largest gap since at least 2014 – or, when Sensor Tower began tracking Google Play data.”

August 28, 2018

On the web

July 25, 2018

On the web

Kredivo Raises $30M To Build A Digital Credit Card For Southeast Asia


The company launched its ‘Kredivo’ service two years ago to help consumers pay online in Southeast Asia, where credit card penetration is typically low, and it is essentially the combination of a digital credit card and PayPal. The service is available in Indonesia, Southeast Asia’s largest economy, where it uses a customer’s registered phone number — there is no physical credit card — and a dedicated checkout on online retail websites. For consumers, the service offers a 30-day payback option and then more longer-term options of three, six and 12-month payback windows. The 30-day option is interest-free, but other plans come with a 2.95 percent per month charge on the reducing principle, which effectively makes it 25 percent flat.”

July 23, 2018

On the wires

BofA Merrill Launches Mobile App For Commercial Prepaid Card

Bank of America

“Bank of America Merrill Lynch, a leader in Global Commercial Card solutions, today announced that it has launched a mobile application for cardholders of prepaid cards. The app launch demonstrates the bank’s commitment to making the lives of our clients and their cardholders easier by bringing new, digital capabilities to corporate and government clients and to their customers or beneficiaries…The app is designed for cardholders who receive a reloadable prepaid card from an employer, government agency or entity with whom they do business.”

July 19, 2018

On the web

Even Raises $40M To Transform The Working Class To The Savings Class


“But Even.com is increasingly focused on improving the quality of its intelligent budgeting feature. Using artificial intelligence models honed over the past few years, the company now gives users of its Even app an “Okay to spend” figure that helps them think through their cash flow. By giving a predictive figure rather than a checking account balance, Even can help its users avoid sudden surprise expenses that can trigger the kind of financial death spiral that has become a familiar story in America. The company will also soon launch an automatic savings feature similar to Digit or Acorns that helps people build up regular savings.”

July 17, 2018

Top Post

BofA Trumpets Success With Erica, Zelle

Mobile Payments Today

“Bank of America has announced that Erica, its artificial intelligence-driven virtual financial assistant, now has more than 2 million users. According to a press release, this is more than double the number of customers using the technology less than a month ago. And that’s not BofA’s only recent mobile milestone: The number active users of the Zelle person-to-person payment feature in the bank’s mobile app is now approaching 4 million.”

July 13, 2018

On the web

​Seoul To Launch To Its Own Mobile Payment Platform: Report

ZD Net

“The municipal government has formed a task force that will work to launch the service, tentatively called S-Pay, which aims to improve payment convenience for citizens and small businesses. The task force will aim to build the system for the platform and cooperate with banks as well as find partnered small businesses. The platform will use a mobile app or QR codes. The aim is to lessen commissions paid by businesses when they use credit cards. S-Pay’s system won’t go through credit card companies’ systems.”

July 10, 2018

On the web

Grab Expands To Payments, Groceries, Food Delivery With ‘Superapp’


“Now on its sixth year, Grab recently marked its 2-billion ride milestone. In April, Uber handed over its regional operations to Grab in exchange for a stake.  GrabPay, the firm’s cashless payment similar to WeChat and Alipay, is at the center of the new interface. It is currently available in Singapore, Indonesia and Malaysia.”

June 29, 2018

Top Post

Inside Chase’s Strategy For Digital-only Brand Finn


“Chase wants to take the lessons from the St. Louis pilot and offer Finn to a broader audience of digitally comfortable iOS users, ahead of an Android launch later this year. The St. Louis experiment yielded three key conclusions: Autosave triggered by rules is a priority for the customer community; a digital-only offering backed by a known, established player like Chase is a reason why customers trust Finn; and a 24-hour-a-day client-support team can replicate most of the functions of a brick-and-mortar branch. Customer feedback has inspired some product updates, including the ability to save a percentage of one’s paycheck, and pre-set autosave rules when customers spend at popular brands like Starbucks.”

June 26, 2018

Top Post

Study: Consumers More Satisfied With Banking, Card Apps

Mobile Payments Today

“Customer satisfaction with banking and credit card apps has increased in the past year as more customers adopt digital as their primary interaction channel with their providers. According to a pair of new studies by J.D. Power — the 2018 U.S. Banking App Satisfaction Study and the U.S. Credit Card App Satisfaction Study — U.S. banks and credit card companies are achieving the highest customer app satisfaction scores of any industry measured by the company.”

June 21, 2018

On the wires

UnionPay International Launches Its Biggest-scale Summer Marketing Campaign

PR Newswire

“Users of the “UnionPay” app can enjoy UnionPay mobile payment services in 26 countries and regions outside mainland China. These services include QR code payment and UnionPay’s contactless feature mobile QuickPass. With the “UnionPay” app, tourists can also enjoy the unique offers for UnionPay mobile payments, download u-plan e-coupons, and check about UnionPay’s card-using benefits and services worldwide.”

May 7, 2018

On the web

How Snapchat and Instagram could grow the payments ecosystem


“Through a deal with Square, Snapchat users can add a debit card, type a dollar amount into Snapchat’s text-chat feature, and hit a green “pay” button to send money to someone instantly. It’s effectively a white labeling of Square Cash that gives friends 24 hours to accept the payment before it’s refunded to the sender, to make sure it didn’t disappear.”

May 3, 2018

On the web

May 1, 2018

On the wires

Park ‘N Fly Launches New Mobile App

“Park ‘N Fly, the nation’s leader in off-airport parking, launches its newly renovated mobile app to enrich the parking experience of the “on-the-go” customer. Customers will now be able to enjoy a relevant and personalized user-experience while having the ability to reserve parking, access important information, and take advantage of Park ‘N Fly’s Frequent Parker Program.”

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