FinTech News Issue #13 April 9th, 2015

FinTech Articles

    If Gen-X and Gen-Y consumers could create their own “bank of the future,” what would they create? And how would that differ from what banks think?

    From between the early 1970s and 2015, you can count the number of consumer payment innovations that have been widely used by people in the world on one finger: PayPal. Beyond PayPal, the rest of the payment innovations that are widely used today were all created before the Internet existed.

    In this article I will discuss double spending against merchants in Bitcoin, analyse a couple of real cases and describe several proposed schemes to make it harder. I’ll also explain the plan we’re implementing in the bitcoinj project that I lead.

    Poland's Idea Bank is taking a novel approach to the mobile banking phenomenon, with the launch of a fleet of automobiles fitted with ATMs that can be summoned by smartphone.

    Money movement service Dwolla and BBVA Compass Bancshares, the Birmingham, Ala.-based bank, have struck a deal to provide a realtime payment service. Called FiSync, the service is said to move money “faster than a web page takes to load” for BBVA Compass account holders making payments.

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