InnovationRoundup: What’s New and Noteworthy in Banking Today

What’s new in banking today? Here’s a roundup of some recently unveiled innovations from across the banking world:

Current by Discover Card

Uh like Discover Financial Services has introduced a totally rad credit card for teens. The card comes with the prerequisite parent safety features, and includes a $0 liability clause in case the cardholder, like, totally loses the card. Sweet niblets!

It Pays to Cancel With American Express

What to do when your credit card delinquency rates go up? Pay the card holder to cancel the card. That’s what American Express is doing, offering customers it no longer wants a $300 gift cards to ditch their Amex, pay off their balances and close their accounts — and lose their reward points in the process.

The New Fiserv

Fiserv has a new look, and it’s orange. The financial services technology juggernaut is stressing its innovative products — its Facebook app, mobile banking, its analytics — as part of the rebranding. Fiserv has notoriously operated with as much cohesion as Styrofoam peanuts. Just the fact that Fiserv got the rebranding done is noteworthy.

Receivables Edge

JP Morgan Chase introduced Receivables Edge in Asia today. The software is a web-based receivables management system that matches invoicing and tracking with payment-capture information from the bank. Receivables Edge is already available in the US.