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.'
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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.'
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.
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.'
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.'
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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.
Tags » Payments News - Headline News
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Payments News happens, this post is updated. For job opportunities available for payments professionals, visit
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