Payments Business: BMO Harris Bank Unveils Cardless App

Chicago-based BMO Harris Bank on Monday has unveiled a mobile app for cardless ATM cash withdrawals and claimed it has the nation’s largest network of ATMs configured for smart-phone-based withdrawals. 

BMO Harris Bank, the U.S. affiliate of BMO Financial Group (Bank of Montreal), said  750 of its ATMs currently can perform cardless cash withdrawals using its new mobile cash app, and another 150 will be ready in June. “With the launch, BMO Harris now has the largest network of cardless-enabled ATMs in the country,” says the bank.


MEDIA ADVISORY - Paydiant Co-Founder to Speak at the Innovation Project 2015

NEWTON, MA, March 16, 2015 Paydiant co-founder Chris Gardner will participate in a panel discussion about the future of mobile commerce at the Innovation Project 2015 taking place March 18-19 at the Sanders Theater in Memorial Hall on the campus of Harvard University. 

Hosted by PYMNTS.com, The Innovation Project 2015 looks at the dynamic ecosystems of mobile, social, software, advertising, retail, business, search and social and how they influence and impact the future of payments and commerce.

Gardner will participate on a panel titled From Payments to Commerce. Moderated by Liz Claman of Fox Business News, the session will discuss the best ways to enable mobile for the next generation of commerce experiences and reveal how innovators are meshing data, digital and payments to drive commerce forward worldwide.  Gardner will be joined on the panel by executives at a number of key players in the mobile payment and commerce space including Chase Paymentech, Vantiv, NACHA, First Data and PayAnywhere.

Forbes: Future PayPal CEO Dan Schulman Makes First Appearance In Front Of Investors, Stresses Potential

Speaking publicly before investors for the first time since being tapped in September to become PayPal CEO when it splits from eBay, the former American Express executive on Wednesday stressed the payment firm’s potential to a room full of investors at the Morgan Stanley Technology, Media and Telecom conference in San Francisco. He did that all while recovering from illness, which made his voice gravelly as he illustrated PayPal’s dominance of an electronic payments industry that is poised for large growth in the next decade.


The Wall Street Journal: PayPal to Buy Mobile-Payments Firm Paydiant

EBay Inc.’s PayPal payments unit is buying mobile wallet firm Paydiant as competition for in-store payments grows from rivals Apple Inc. and Google Inc.

The deal, for an undisclosed sum, will give PayPal instant access to a group of customers using Paydiant’s technology, including Subway and the consortium of retailers known as the Merchant Customer Exchange. That consortium—which includes Target Corp., Wal-Mart Stores Inc. and Sears Holding Corp.—has been developing an in-store payments app known as CurrentC that is meant to be an answer to Apple’s Apple Pay system.


TechCrunch: PayPal Buys Paydiant, The Mobile Wallet Behind CurrentC, To Raise Its Game v. Google + Apple

PayPal, the payments service with 162 million users preparing to separate from e-commerce giant eBay later this year, is announcing an acquisition today to help build out its mobile business targeting physical merchants, and sharpen its focus in competition with other tech payment hopefuls like Apple and Google.

It is buying Paydiant, a startup out of Boston that makes mobile wallet technology. That technology, in turn, powers payment apps for large business like Subway, Harris Teeter supermarkets, Capital One bank, and — perhaps most notably — MCX, a merchant-owned network that is developing a payment app called CurrentC.