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Wells Fargo Softens Overdraft Policy

PYMNTS

Aiming to boost its reputation after a fake account scandal last year, Wells Fargo announced Tuesday (Nov. The embattled bank said the new feature, dubbed Overdraft Rewind, will automatically reverse overdraft fees assessed on customers’ accounts. 14) the launch of a new overdraft feature that will reduce the hit to customers.

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Viventium Integrates Early Wage Access Via DailyPay

PYMNTS

Workers can move or save their earned yet unpaid funds with DailyPay to any pay card or into any bank account before the payday to come. They can also monitor the earnings they accumulate over each pay period through an available balance function.

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SMB Challenger Banks: Lili Focuses on Freelancers

Fintech Labs Insights

Lili is focused on freelancers, a 59-million segment (in the United States) that accounts for more than 1 out of every 4 adults ( see chart above ). Faster access to direct deposits. Security features (account freeze, real-time transaction notifications, FDIC insured). Choice Financial is the banking provider.

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SMB Challenger Banks: Lili Focuses on Freelancers

Fintech Labs Insights

Lili is focused on freelancers, a 59-million segment (in the United States) that accounts for more than 1 out of every 4 adults ( see chart above ). Faster access to direct deposits. Security features (account freeze, real-time transaction notifications, FDIC insured). Choice Financial is the banking provider.