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Innovation is not a competition. If both incumbents and startups in the fintech market would just accept that, mobile wallets and broader payments applications would have already been realized, according to Jonathan Vaux, executive director of Visa Europe.
Throughout all of 2014, only 22% of consumers surveyed for an annual Federal Reserve Board study said they initiated a mobile payment during the year. This was just five percentage points more than the prior year, despite 2014 bringing the launch of Apple Pay.  more »
Waffle House is proudly behind the curve—its wait staff verbally calls in cook-to-order meals, it didn't take credit cards until 2006, and it has long used old-fashioned cash registers.  more »
FinTech Forward
SAS has launched a new solution designed to allow banks to rapidly test anti-money laundering scenarios, the business analytics software and services provider announced March 16.  read more »
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