Softcard's announcement early this week that Google had acquired it merges two of the earliest competitors in U.S. mobile payments to face the powerful late entrance from Apple Pay. It also gives Google strong connections to all four major U.S. wireless carriers.
A new app will allow business travelers to expense Starbucks purchases directly from their mobile phones. The app, available to users of Concur spending management services is accessible through the Concur app center.
GlobeOne, the financial technology company collaborating with a network of financial institutions to develop a new community model of banking, has selected data company Acxiom to provide data hosting and analytics.
India has reportedly begun a plan to wean itself off cash, helped in part by the country's rapid adoption of smartphones.
Up to half the world's banks may lose out and disappear due to failure to keep pace with digital disruption, BBVA chairman and CEO Francisco Gonzalez predicts. Gonzalez made his comments while...
A string of Wall Street players from the New York Stock Exchange to BBVA Ventures took part in the $75 million Series C funding for Coinbase, the largest ever funding round for a bitcoin startup. In crossing over from traditional finance to digital currency, the finance players cited reasons ranging from interest in the blockchain to the growth potential of the new asset class to explain their investments.
Softcard, the carrier-backed mobile wallet that recently announced a round of layoffs, is reportedly in takeover talks with rivals Google and PayPal. Rumors indicate that acquisition talks between Softcard and Google may be the most promising.
The carrier-backed mobile wallet Softcard has announced that it is laying off approximately 60 people in an effort to streamline and reduce costs. The layoffs, coming six months after Apple first announced its Apple Pay mobile payment capabilities, reflects increasing competition in a market that continues to attract mixed responses from consumers.
Apple and IBM launched their first cloud-based mobile business applications as part of their partnership, drawing support from Citi for the apps geared toward financial services firms. The partnership, called IBM MobileFirst for iOS, is aimed at bringing IBM's big data and cloud services to iPhone and iPad users in the enterprise.
The number of mobile commerce transactions is expected to jump to 195 billion by 2019, up from 72 billion this year, according to a new report from Juniper Research. The highest growth rates are...