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Over 5,000 Wells Fargo ATMs now support card-free access via Apple Pay and other mobile wallets
Wells Fargo’s ATMs are getting an upgrade. The bank announced today that more than 40 percent – or over 5,000 of its ATMs – will now allow customers to perform transactions without having to pull out their bank card. Instead, users can take advantage of NFC – aka the “tap and pay” technology that powers mobile wallet systems like Apple Pay, Android Pay,… Read More
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Aviva is taking a majority stake in robo investment startup Wealthify
UK-based insurance giant Aviva has announced it’s buying a majority stake in robo investment startup, Wealthify. CashShield raises $5.5 million to prevent credit card fraud
Over $10 billion is wasted every year due to fraudulent e-commerce charges and that number is growing. This is not only costly and time-consuming for the businesses, but also the credit card companies and customers. But now there are several startups including Signifyd that believe they can use technology to cut down on some of this fraud before it occurs. Another is CashShield, which has… Read More
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Zelle, the U.S. banks’ Venmo rival, will launch its mobile app next week
Zelle, the PayPal rival backed by more than 30 U.S. banks, is preparing to launch its standalone mobile app on Tuesday, September 12th. The move is meant to give the U.S. banking industry a foothold in the person-to-person payments business, where they’re losing ground to services like PayPal, Venmo, Square Cash and, very soon, Apple’s iMessage, powered by Apple Pay. Read More
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Dharma wants to let anyone borrow a small amount of cryptocurrency
dApps, or decentralized apps, are open-source applications built on top of a blockchain. But here’s the thing – users usually can’t interact with these dApps unless they have tokens issued by these projects. For example, both Augur, a decentralized prediction market and REXMLS, a free global listing network for real estate, require tokens to interact with.
But if you… Read More
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Mortgage technology provider Blend raised another $100 million led by Greylock
San Francisco-based Blend is simplifying the process of mortgage applications for both borrowers and lenders, but is looking to expand into other lending products. To do that the company has raised $100 million in new funding led by Greylock, with participation from a bunch of existing investors. Read More
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Taxes in the gig economy
The first generation of gig economy contractors is essentially riding shotgun as an entirely new industry defines itself. While they enjoy flexibility and a convenient way to supplement a primary income, they also must act as guinea pigs uncovering the shortcomings of the industry’s support network. One issue in particular has become a clear gap for gig economy workers: taxes. Read More
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Original Tech helps banks offer better loan applications
Americans apply for more than 250 million new financial products each year, but the majority of those applications are completed on paper or over the phone. A startup called Original Tech wants to change that by providing white-label software to improve loan applications completed online. Read More
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Lambda School aims to cash in by upskilling untapped talent
As the saying goes, the future is already here — it’s just not very evenly distributed. Also not evenly distributed: Access to the expensive education typically needed to stand a chance of obtaining one of the jobs of the future. Y Combinator backed Lambda School is hoping to change this, with a new approach to funding higher education. Read More
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PAYFAZZ wants to build a network of distributed bank agents in Indonesia
Hendra Kwik is hoping to tap into the excitement of on-demand companies like Uber and distributed workforces — except instead of ridesharing, he’s hoping it will work for banking. That’s the theory behind PAYFAZZ, which coordinates with banks to create a distributed network of bank agents that can operate from wherever — even their own homes. Once that person is… Read More
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