Economy

The startup scene offers a glimpse into what the future of banking services will look like.

The bank of the future is a humanizing bank, where the focus is on relationships, intimacy, depth, and human connection – supported by technology.

Above all else, independent sales organizations and sales agents should make sure their residual payments never end.

TouchSuite says the cloud is the perfect place for salon owners to operate their point of sale systems.

Eat24.com has developed a new point of sale terminal and restaurant management system it intends to offer for free to help clients handle online food orders.

The PayVest event in New York, presented by PaymentsSource, American Banker and NYPAY, brought together many key players in emerging payments and technology. Many of them are taking different paths to the future.

CHICAGO – Speaking at a trade show here this week, a veteran sales trainer described the selling process as four steps: Connect, ask, suggest and move.

PayPal increased its presence in Australian bars, cafes and restaurants today by securing agreements with hospitality technology companies EatNow, OrderMate and Beat the Q.

The Federal Trade Commission's recent lawsuits against two independent sales organizations for alleged violations of the Telemarketing Sales Rule may be the "tip of the iceberg" of regulatory action against the acquiring industry.

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

Green Dot Corp.'s GoBank account is being featured on Lifetime's Project Runway.

Innovations from nonbanks will need a platform to provide distribution and the ability to scale quickly. Smart bankers will partner with startups to provide together what neither could do alone.

DeviceFidelity, which has spent years supporting hardware-based mobile payment systems with the likes of Visa and MasterCard, is reporting success in devoting more attention to the software-based aspects of its moneto wallet.

CHICAGO -- The Federal Trade Commission has filed suit against ISOs for alleged violations of the Telemarketing Sales Rule in what may become a trend.

In supporting the Square Wallet as a mobile payment option for its customers, U.S. Bank is taking a step that other financial institutions might view as embracing a competitor.

Banks need to have an open mind when evaluating disruptive mobile technologies and the developers behind them, says Sergi Herrero, the vice president of business development, payments and mobile finance at BNP Paribas and CEO of its L'Atelier North America division.

CHICAGO -- Keeping small merchants safe from data breaches doesn’t have to break the bank, a speaker said here yesterday at Midwest Acquirers Association 11th Annual Conference.

Royal Bank of Canada chose to store data in the cloud, rather than use the mobile phone's secure element, in a mobile payment system it plans to launch this year.

After failing to respond to customer demand and missing tectonic shifts in money transmission and online and mobile payments, banks have an opportunity in the emerging area of cryptographic money.

The Merchant Customer Exchange (MCX) has hired Dekkers Davidson to be its CEO. Davidson was most recently a managing director at Barclaycard US.