Bank of America reins in free checking, Cargo turns cars into convenience stores, Will Apple kill the iPhone X?

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January 23, 2018

Digital Payments

Reengineering The Digital Payments Transition — With Engineers

Tribes and squads as digital transformation pioneers are only as good as the technology assets they can leverage to drive those quick hit projects and deliver that change, says Raghavendra Bhat, ANZ’s head of technology. Bhat tells Karen Webster that engineering true change in banking, for consumers and the corporation … requires engineers.

 

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Subscription Commerce

How Subscriptions Are Changing Car Ownership

If customers are willing to pay for access — not ownership — when they buy software or smartphones, why wouldn’t they want the same when buying a car? Volvo SVP Peter Wexler tells us how Volvo’s new subscription service, Care By Volvo, is testing that notion with a monthly subscription that includes car access plus insurance and maintenance. Beyond making it easier for drivers to get that new car smell every 12 to 24 months, Volvo hopes that Care By Volvo will become a rich feeder system for car ownership as well.

 

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Breaking News: Alt Lending

Lenda: From Mortgage App To Mortgage In Five Days

Getting a mortgage is time-consuming, paper-intensive and expensive — on a good day. Lenda, now live in nine states, is out to prove that it doesn’t have to be. CEO and co-founder Jason van den Brand told PYMNTS that consumers can go from application to loan in just five days. Here’s how.

 

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Payments Innovation

Notary Services — Out With The Seal, In With The ID Tech

Notaries with their stamps and embossers as ID authenticators have been slow to embrace ID tech, despite a slew of tools at their disposal. Darcy Mayer, DocVerify EVP, calls this the industry’s “chicken or the egg” problem. Mayer explains the types of notary innovations that are slowing gaining ground — and why — in this month’s Digital Identity Tracker. In this issue, we also take a look at biometrics, border control and the Olympics — and profile the comings and goings of 147 solutions providers in the space.

 

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