Purveyors of certain cloud services, such as cloud-based lending, face continual rejection from bankers worried about security. But some say a data storage specialist could be every bit as secure as a financial institution — if not moreso.

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Federal Reserve officials suggested that anonymous payments and the technologies powering digital currencies could inform broader plans for reshaping the U.S. payment system.

SimpleFi is working with a New Jersey bank to pitch its payday loan alternative and financial educational services to employers across the country come February 1. It represents part of the trend of disruptors rethinking payroll data.
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Marketplace lenders are seizing on current investor enthusiasm after the December public listing of LendingClub. SoFi and Funding Circle have set new origination targets, and new capital markets deals may help replace bank credit lines for Blue Elephant Capital Management and perhaps others.

Fake identity fraud is growing, due to the plentiful array of consumer account and card data available in the wake of massive data breaches. It's a crime banks find almost impossible to detect and deter.

Western Union is adopting a vastly different use of Apple Pay than what banks and merchants have so far considered.

Like General Motors extending credit to car dealers, Google will use Lending Club to finance resellers, service providers, and consultants in its supply chain while putting to work a portion of the tech giant's cash war chest.

Forget the machines. Even forget the software. Diebold's business plan for the future — as touted in a video the company screened at 50 movie houses around the world — centers on its collaboration with banks and others on innovation.
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Online marketplace lending platforms are filling real needs. But few banks participate in this booming niche, reflecting the industry's risk aversion and regulatory concerns as well as resistance to change.

Let this be the year that the financial industry stops using the phrase "big data" and remembers that the goal of technology is to make people's lives simpler.
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The digital-only offshoot of Customers Bank combines edgier technology — like letting consumers snap photos of their driver's license to open accounts — with a new business model that counts on interchange revenue rather than fees.
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Disruptors
While Visa and MasterCard aren't yet applying the same level of pressure for tokenization security as they are for EMV-chip cards, the card networks' CEOs are clear that this technology is their new expectation for e-commerce.  read more »
8 Things Apple Pay Left Out

Apple's long-anticipated move into mobile payments seemed to cover all the bases -- Apple Pay will launch with the support of major banks, card networks and retailers. But there were several things that didn't make it into the first version of its mobile wallet.

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