Building the Bridge Between Fintech and Banking

By: O. Sam Ackley In last week’s post, “Fintech and Today’s Banking System,” I covered the reasons Fintech is struggling to grow in the US banking system. Below are my ideas for building a bridge between the two. Building Bridges Banks and consumers alike want to do business with financial technology firms that are creating [...]

By | 2018-04-30T13:33:18+00:00 October 18th, 2017|

Exhibiting Quick & Simple Transaction Processing at Money20/20

We are excited to be exhibiting at Money20/20 next week, October 22-25, in Las Vegas. You can visit us at booth #748. Money20/20 is the world’s largest marketplace for ideas, connections, and deals in payments and financial services. Over 11,000 attendees from 4,500 companies and 85 countries are expected at the event. Today, the majority [...]

By | 2018-07-02T01:30:58+00:00 October 18th, 2017|

Fintech and Today’s Banking System

By: O. Sam Ackley In this series of two posts, I’ll address the need for a bridge between Fintech and banking, plus my ideas for what that bridge should be made of. Keep an eye out for part two next week. Banks want to do business with financial technology firms that are creating applications that [...]

By | 2018-04-30T13:33:19+00:00 October 11th, 2017|

The Future of Payment Processing? Our FinTech Cloud API (aka an ACH API)

Today the majority of payments are completed using credit cards, which eats away up to 1.5-5+% of gross sales. On the other hand, electronic debits and credits on bank accounts can use the Automated Clearing House (ACH) system, which is processed through nearly all banks, and typically for a very small transaction fee ($0.10-$0.30 with [...]

By | 2018-04-30T13:33:20+00:00 September 28th, 2017|

Financial Services and Fintech Companies Like ACHeck21 Are on The Rise

Financial services incumbents in Fintech are competing with each other as well as early-stage startups and big technology companies. Big groups like remittance technology, blockchain, wealth management, and insurance technologies are leading the way. It's still not clear, however, if this presents more of an opportunity or a challenge for business incumbents, but recognized financial [...]

By | 2018-04-30T13:33:20+00:00 July 11th, 2016|