Chicago can lay claim as a founding city for electronic financial technology, owing to its position as retail leader and commodities trading center, as well as a major player in ecommerce and trading. As one example, the First National Bank of Chicago served in 1989 as a lead bank in developing an early business-to-business electronic payment network for General Motors. The … [Read more...] about The History of FinTech in Chicago
Payments
Notable Finance Posts Week Ending 10-25-14: Apple Pay Launches
Apple Pay launched at the beginning of last week, and dominated my Twitter feed most of the weeks, followed by news of the European Central Bank's stress test of European banks. Payments with Apple Pay Today This sampling of posts provides Apple Pay numbers, reviews, critiques, and applause. I saw a lot of good consumer reviews on how easy Apple Pay is to use. The bottom line: … [Read more...] about Notable Finance Posts Week Ending 10-25-14: Apple Pay Launches
Top 15 Payments Articles after Apple Pay Announcement
I spent my morning commute reviewing my Twitter feed and boy, was it flooded. Today’s payments news, needless to say, was dominated by news and analysis of Apple’s entry into the payments market, with a smattering of attention given to the latest payments-related data breach at HomeDepot. Google got one mention, Amazon none. To save you the trouble of wading through twitter for … [Read more...] about Top 15 Payments Articles after Apple Pay Announcement
Five Stats You Need to Know from the Fed’s Latest Payment Study
Debit Card Use Soars, B2B Checks Fall as Fed Revises Initial Data Source: The 2013 Federal Reserve Payments Study Grab a cup of coffee and some sharp pencils. There is plenty of new data to sift through in the Federal Reserve’s revised 2013 payment study. The 192-page report, released last month, updates a December 2013 payment study and includes new data on credit and debit … [Read more...] about Five Stats You Need to Know from the Fed’s Latest Payment Study
The Popularity of Plastic Payments
The future of payments may well reside on mobile devices, but today's mobile payments consist of the plastic cards in your pocket or purse. Card payments now make up more than two-thirds of all noncash payments, according to a new report by the Federal Reserve. In the same vein, my last several articles for Independent Banker magazine have dealt with the following card … [Read more...] about The Popularity of Plastic Payments
Case Study: Payment Pathways
Our client Payment Pathways provides patented privacy management software and electronic payments identity solutions. As a newcomer in the industry, the company was looking to establish itself as an authority on the competitive landscape with innovative solutions for consumers, merchants, and financial institutions. Because the company is also in the process of raising money, … [Read more...] about Case Study: Payment Pathways