Square’s Cash app now supports direct deposits for your paycheck

It seems like each new feature Square adds to its Cash app brings it one step closer to being a de-facto bank account for its users. Case in point, the app just rolled out support for ACH direct depos

Feedzai closes $50M Series C to help banks and merchants identify fraud with AI

Feedzai is announcing a $50 million Series C this morning led by an unnamed VC with additional capital from Sapphire Ventures. The six year old startup builds machine learning tools to help banks and

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 h

10x, founded by the ex-CEO of Barclays, raises $46M to take on ancient banking infrastructure

The fintech revolution continues apace, and while many startups are hoping that newer and better tech will help them take business away from traditional banks, today a company has received a large rou

Instant bank transfers are coming to PayPal and Venmo

PayPal announced this morning a plan to speed up money transfers between its service, Venmo and users’ bank accounts for those with supported MasterCard and Visa debit cards. This new “ins

Klarna gets a full banking license, gears up to go beyond financing payments

After Anders Holch Povlsen and his firm Brightfolk bought up a stake of at least $225 million in Klarna earlier this month, today the profitable Swedish payments startup, now valued at over $2.25 bil

Zelle, the real-time Venmo competitor backed by over 30 U.S. banks, arrives this month

The U.S. banking industry’s answer to Venmo has now arrived. Starting this month, a new, person-to-person payments network called Zelle will roll out to the over 86 million mobile banking custom

Current launches a Visa debit card for kids that parents control with an app

A startup called Current is today launching a new way for parents to dole out allowances to their kids: with an app. The company offers a Visa debit card that would allow teenagers to shop in stores

Android Pay now works in Bank of America, USAA, Discover & other mobile banking apps

Android Pay, Google’s answer to Apple Pay and other mobile payment technologies, today unveiled new partnerships with a handful of banks from around the world, who will integrate the service in

From the streets to The Street

The past several months have brought a string of terror attacks and violent incidents, which not only claim lives but cause worldwide feelings of fear and vulnerability. It seems that groups of terror

UK Mobile-Only Atom Bank Picks Up $128M Led By BBVA, Owner Of Simple In The U.S.

All major banks today offer a way for customers to bank online, but this is not stopping a rush of startups emerging to build new, mobile and online-only banks from the ground up. In one of the late

Tackling A $5.5 Trillion Market, Betterment Enters The 401(k) World

Betterment, the New York-based automated asset management company, is announcing a 401(k) retirement service, called Betterment for Business, aimed to make it easier for employers to establish, admini

Why Startups Should Leverage Compliance

Business Insider recently reported that “The Clearing House, an advocacy group owned by the world's largest commercial banks, is gunning for payment startups.” Not surprisingly, the banks don’t

New 'Sophisticated' Trojan, Which Is Undetectable, Has Emptied Bank Accounts Worldwide

<img src="" />Hold onto your hats. A new version of the Zeus trojan, called Zeus3, has wreaked havoc on thousands of bank accounts w

Identity theft costs rise overall, while costs per victim decline

<img src="" />According to an article at Forbes, identity theft and related fraud were up considerably in 2009 with 11.2 million vic

Servers compromised at World Bank, senior technology manager calls it an ‘unprecedented crisis’

Whoops. Fox News is reporting that the World Bank is smack-dab in the middle of what “may be the worst security breach ever at a global financial institution.” It’s not really clear what exactly

Dude rips off online brokerages 'Office Space' style

Get this. You know how when you have to confirm your bank account with, say, Paypal or Google Checkout or any number of online services that want to make sure the bank account that they’re going

Canadian bank gives out Eee PCs with new accounts

Wow, that’s MUCH better than a stupid alarm clock or gold fountain pen. Royal Bank of Canada is giving away 2G Surf Eee PCs when you open a new account. Sure wish I lived in Canada. Is there a c

Young 'uns getting in on the mobile banking thing, oldsters opting out

One out of five 18-35-year-olds has used their cell phone for a banking transaction – twice as many as the general population, according to a study done for IBM. Now, I’ve moved almost exc

The ATM Turns 40 Today

Today, we must pay homage to a device we take for granted on a daily basis. The Automatic Teller Machine turns 40 years old today and did you know that it started out across the pond before making its
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