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« May 5, 2008 | Main | May 7, 2008 »

May 06, 2008

Yodlee, Postilion Partner on PFM, Card-Based Online Bill Payment

Tags » Bill Payment, Online Banking, Personal Financial Management, Yodlee

Yodlee and Postilion have announced a 'partnership to integrate Yodlee PersonalFinance and Yodlee DirectPay into Postilion's Retail and Business Internet Banking solutions to enable Postilion's' financial institution customers to deliver stronger online banking solutions and develop new revenue-generating opportunities via card-based online bill payment.'   » Continue Reading

A Lament about Disconnected Banking in a Connected World

Tags » Banking Blogs, Banking Industry, Prosper, Zopa

On The FinanSer, Chris Skinner blogs about today's world of what he calls 'disconnected banking' - noting that bankers have 'managed to get customers out of branches and transform them into data entry clerks, who serve themselves through ATMs and the Internet.' Who's he watching instead? The social finance sites like Zopa, Prosper and more - typically dismissed by bankers as 'folly, unpractical, unregulated and untenable.'

More on the Target, Chase Credit Card Deal

Tags » Chase Card Services

The New York Times Dealbook takes a look at yesterday's announcement that JP Morgan Chase is acquiring a 47 percent interest in Target's credit card portfolio.

Mobile NFC May Be Moving Closer to the Money

Tags » Mobile Payments, Near Field Communication (NFC)

John Walko writes for EE Times about the recent European NFC Developers Congress he attended where his sense was that 'the [NFC mobile payments] market could take off in 2009, while others have cautioned that 2010 is more realistic.' He notes that an upcoming report concludes that 'true mobile payments market likely will not emerge until 2010.'

Affinity Mobile Reports Growing Uptake of Mobile Wallet

Tags » Mobile Payments, Remittances, Trumpet Mobile, Western Union

Affinity Mobile has announced that adoption of the mobile wallet features enabled by its MADE platform is growing rapidly. According to Affinity, 'following the nationwide launch of Trumpet Mobile, Trumpet subscribers are quickly taking advantage of the mobile wallet capabilities with almost 50 percent of customers activating a mobile wallet at the point of sale.'   » Continue Reading

A Look at Rearden Commerce

Tags » American Express, Chase Card Services

TechCrunch's Erick Schonfeld takes a look at Foster City, CA-based Rearden Commerce - a company that reportedly has just closed a $100 MM financing round from investors including American Express, JPMorgan Chase, Oak Investment Partners, and Foundation Capital. While Rearden's largest customer currently is American Express, Schonfeld notes that "in addition to being an investor, Chase has also signed on as Rearden’s second giant customer. It plans on offering Rearden’s personal Web concierge service to its 90 million bank card holders. Anyone with a Chase bank account, whether business or personal, will be able to use the service."

Vauhini Vara and Mylene Mangalindan also report on Rearden for the Wall St. Journal.

Update: Here's Rearden Commerce's funding announcement press release as well as its press release announcing Rearden's new strategic relationship with Chase Card Services.

Leading Global Banks Invest in Mobile Banking Opportunity

Tags » Mobile Banking

Sybase 365 has announced results from a recent survey it commissioned asking bankers about their plans for mobile banking. According to the company, nearly a third of the world’s largest financial organizations are planning to launch mobile banking services in the next 12 to 24 months. The survey, which was conducted by independent research company Loudhouse, pooled the views of 92 of the world’s top financial institutions (32 European banks, 30 banks in the United States and 30 banks from the Asia-Pacific region). A copy of the survey is available online with registration.   » Continue Reading

Headline News - May 6, 2008

Tags » Payments News - Headline News

Note: Throughout the day, as Payments News happens, this post is updated. For job opportunities available for payments professionals, visit PaymentsJobs.com. Employers looking to hire payments professionals can post their job openings there as well.

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