article thumbnail

Discover Makes All Deposit Accounts Fee-Free

PYMNTS

Discover Financial Services said Monday morning (June 17 th ) that it has ended fees on deposit accounts. Discover also offers account holders the option to automatically deposit a customer’s Debit Card Cashback Bonus into an eligible Discover Online Savings account each month.

article thumbnail

Finastra integrates with Prelim to streamline account opening

Finextra

Finastra, a global provider of financial services software applications, today announced an integration with Prelim, an industry-leading fintech, for its Finastra Phoenix core solution, enhancing the retail and commercial deposit account opening experience.

article thumbnail

High-Yield Deposit Accounts Come To Robo-Advisory Service Betterment

PYMNTS

“If you look at where the big banks and brokerages make most of their money, it’s in their retail savings accounts.”. The average national yield of savings accounts is 0.10%, whereas Betterment’s annual yield is 2.69%. Checking accounts will be insured up to $250,000 and savings accounts up to $1 million.

article thumbnail

CFPB unveils open banking proposal

Payments Dive

The rule makes it easier for consumers to share deposit account and credit card data with fintechs, the Consumer Financial Protection Bureau said.

CFPB 157
article thumbnail

Finastra integrates with Prelim to streamline retail and commercial deposit account opening

Finextra

Finastra, a global provider of financial services software applications, today announced an integration with Prelim, an industry-leading fintech, for its Finastra Phoenix core solution, enhancing the retail and commercial deposit account opening experience.

article thumbnail

Video: Unlocking Deposit Account Profitability

FICO

Are retail banks overlooking deposit accounts? But with the right analytic tools and approach, these issues can be overcome to make deposit accounts more rewarding. The post Video: Unlocking Deposit Account Profitability appeared first on FICO.

article thumbnail

Banco Popular Launches Online Deposit Accounts

Payments Source

Banco Popular North America in New York has launched a digital-banking platform.