PYMNTS

JULY 24, 2019

High-yield checking and savings are now being offered by online wealth advisor Betterment as a way to attract new customers. . Profits from the new offerings will come from debit card interchange fees, the article said. Checking accounts will be insured up to $250,000 and savings accounts up to $1 million.

Deposit Account 64

Deposit Account Accounts FDIC RTP 64

PYMNTS

FEBRUARY 7, 2020

“We’ll still have existing revenue streams, and, in addition, we’ll add revenue from interchange on debit card transactions. The Robinhood cash management feature is offered in partnership with a bank, and includes debit cards, and, critically, deposits backed by the Federal Deposit Insurance Corporation (FDIC).

Debit Card 60

Debit Card FDIC Cash Management Cryptocurrency 60

PYMNTS

JANUARY 26, 2021

The company's crypto debit card, BlockCard , has seen 500 percent growth in usage rates, measured year over year. The company also offers an FDIC-insured checking account to help spur crypto-friendly banking, Johnson noted. Through that checking account, users can purchase crypto to be held in custody. “Or

Cryptocurrency 102

Cryptocurrency Bitcoin Blockchain Digital Currency 102

PYMNTS

NOVEMBER 2, 2020

To move toward retirement, and to have the money in place to get there, millennials need to make the leap from bare bones banking — checking and savings — into investing. In terms of mechanics, according to the company, Finch invests users’ checking balances into a tailored portfolio mix that matches account holders’ risk profiles.

FinTech 88

FinTech FDIC Regulatory Compliance Checks 88

PYMNTS

DECEMBER 12, 2019

This new service follows last year’s unsuccessful launch of a checking and savings account product, which was not well received. We’ll still have existing revenue streams, and, in addition, we’ll add revenue from interchange on debit card transactions.

Accounts 54

Accounts Cash Management Debit Card FDIC 54

PYMNTS

DECEMBER 16, 2020

resident and non-resident international clients of Aeldra can open an FDIC-insured U.S. account with a Global Mastercard Debit Card in five minutes on a mobile device. Aeldra, whose partners include Blue Ridge Bank, N.A, provides global clients with smooth access to U.S. You can’t be a star with the DDA in 2021.”.

FDIC 67

FDIC Non-Bank Debit Card Addressing 67

PYMNTS

MARCH 18, 2019

The accounts come with debit cards, digital payments and free check cashing, but do not allow overdrafts.”. She added that the annual $60 cost for the new accounts compares with charges of $200 to $500 per year at check cashing and money order service providers. a month and no minimum balance,” according to Reuters.

Consumer 70

Consumer Online and Mobile Banking FDIC Checks 70

Stax

JANUARY 1, 2024

Check for: Penalties for access: penalties or fees for accessing funds could negate the benefit of higher interest earnings. Mobile banking services: A robust mobile app with comprehensive features like mobile check deposit, real-time alerts, and transaction capabilities allow for smooth management of finances on the go.

Accounts 88

Accounts Online and Mobile Banking API ATM 88

PYMNTS

AUGUST 28, 2019

Small businesses can sign up for an FDIC-insured bank account in three minutes, and can customize the platform to add sub-accounts for payroll, large purchases and taxes. “Many of these entrepreneurs are looking for self-service options with features that help them with their finances, rather than get in the way. .”

Mobile Banking 57

Mobile Banking Small Business FDIC API 57

PYMNTS

MARCH 5, 2019

Chime noted in its press release that it began March with more than three million FDIC bank accounts. Chime launched in 2013, offering debit cards, savings accounts and checking accounts to consumers without any fees. The startup makes its money by receiving a portion of interchange fees from debit cards.

Debit Card 46

Debit Card FDIC Participant Accounts 46

PYMNTS

JULY 11, 2019

And, according to the announcement, N26 partners with Axos Bank to offer a Visa debit card and FDIC-insured checking account. Its mobile app and debit card come with many features that the company says “empower customers to take control of their finances.” customers “shortly thereafter.”

Mobile Banking 48

Mobile Banking Debit Card FDIC ATM 48

PYMNTS

JULY 25, 2019

FDIC) estimated that 6.5 percent of households remain unbanked, with no checking or savings accounts in place. In this case, prepaid cards can serve as a payments alternative to traditional banking offerings like checks, and more technology-driven ones like real-time bank deposits.”. Another 18.7

Online and Mobile Banking 75

Online and Mobile Banking Payments Cross-Border Alternative Payment Methods 75

CB Insights

JUNE 5, 2018

In this research briefing, we’ll discuss: The current credit and debit card value chain. Who foots the bill for credit card rewards programs. UNDERSTANDING the credit and debit card value chain. Users of the traditional financial system can also build credit and access credit instruments, like credit cards.

Online and Mobile Banking 68

Online and Mobile Banking Debit Card Credit Cards Payment Gateways 68

PYMNTS

APRIL 24, 2019

Of course, those more than beat the national average on checking accounts, which is currently at a 0.08 In addition, Wealthfront works with FDIC-insured partner banks — including East West Bank , New York Community Bank and others — to hold customers’ deposits. In addition, Ally Bank and Barclays have high-yield offerings that earn 2.2

Accounts 43

Accounts FDIC Direct Deposit Debit Card 43

PYMNTS

MAY 23, 2019

The company plans to market its card to credit-wary millennials who want to avoid getting into a deep debt cycle, but who also want the incentives of owning a credit card. The Zerocard, as it is called, is a World Mastercard that earns credit card cash back. The idea is to help users stay within their budgets. in a statement.

Credit Cards 54

Credit Cards FDIC Checks ATM 54

PYMNTS

OCTOBER 22, 2019

announced that it is partnering with Evolve Bank & Trust , an FDIC-insured financial services organization, to offer a full suite of customizable credit, debit, prepaid and DDA products. Its partnership with ic2 will include the latest innovations in credit cards, prepaid cards, debit cards, and a host of core-banking solutions.

Product 40

Product FinTech FDIC Non-Bank 40

CB Insights

DECEMBER 4, 2019

Both are key elements that non-bank-chartered tech firms in the US have been leveraging to launch banking services, like checking and savings accounts. It grants access to the store and allows customers to grab-and-go without needing to physically check out to pay for products. US households, composed of 14.1M adults and 6.4M

Online and Mobile Banking 101

Online and Mobile Banking Push-to-Card Payment APIs and Integration Non-Bank 101

PYMNTS

FEBRUARY 14, 2019

Additionally, consumers want to do it all via mobile with a trusted entity that offers FDIC insurance and fraud protection — and if they can have all of that without having to walk through the doors of a bank, even better. Another case in point starts with a customer — perhaps one without a banking account — being in line for a refund.

Debit Card 62

Debit Card Accounts Near Real-Time Consumer 62

PYMNTS

JANUARY 25, 2018

This includes checks, brick-and-mortar bank branches, ATM cards and, yes, cash. Once the code is entered at an enabled ATM, he or she can access the cash without using a debit card. Some might be uncomfortable sharing the information, while others might not have a checking account at all.

ATM 40

ATM FDIC Checks Visa 40

Fintech Labs Insights

SEPTEMBER 9, 2014

The funds are held in an FDIC-insured account. Users can make their monthly transfers via ACH, debit card, paper check/money orders, or via cash through PayNearMe''s network. The startup also will accept bitcoin payments, an interesting side note that wasn''t mentioned during their demo.

Credit Union 25

Credit Union FDIC Debit Card ACH 25

PYMNTS

JULY 16, 2018

Citizens access will offer consumers FDIC-insured online savings and CD accounts with attractive rates and no fees to customers across the United States. Citizens also offers a fee-free model — despite the trend in direct banking to add-on fees for banks services like returned deposit items, official checks or excessive transactions.

Breach 40

Breach PayPal Online and Mobile Banking Compromise 40

PYMNTS

JUNE 14, 2018

While tools like Venmo, PayPal and Square have their place, Brisker said they function more like a virtual check; they’re focused on sending a payment to somebody you know. The ubiquity and anonymity of cash are key reasons that the above scenario worked out, with both parties walking away happy.

Privacy 47

Privacy P2P Venmo Non-Bank 47

PYMNTS

MAY 2, 2016

If Walmart Pay is in the app and ready to go, reported various sources last week, that means consumers now have the ability to check out, in-store, with a QR code prompt. Walmart gift cards also work in-app. There are a couple of caveats to that. Goldman Sachs Goes Digital. Better late than never.

Legal 40

Legal Venmo FTC Federal Trade Commission 40

Fintech Labs Insights

MAY 24, 2021

Business debit card with free withdrawals. Security features (account freeze, real-time transaction notifications, FDIC insured). Relatively tight limits on mobile check deposits. Features & benefits listed on homepage: Free. Faster access to direct deposits. app store ratings (actually 4.7 in Apple store, 4.5

Online and Mobile Banking 15

Online and Mobile Banking FDIC Direct Deposit Available Balance 15

Fintech Labs Insights

JANUARY 24, 2025

mo Klarna 24 Jan 2024 BNPL Consumer CNBC Klarna is first BNPL serices with subscription ($7.99/mo) mo Klarna 24 Jan 2024 BNPL Consumer CNBC Klarna is first BNPL serices with subscription ($7.99/mo) mo Klarna 24 Jan 2024 BNPL Consumer CNBC Klarna is first BNPL serices with subscription ($7.99/mo)

Product 12

Product FinTech Online and Mobile Banking Credit Union 12

Fintech Labs Insights

MAY 24, 2021

Business debit card with free withdrawals. Security features (account freeze, real-time transaction notifications, FDIC insured). Relatively tight limits on mobile check deposits. Features & benefits listed on homepage: Free. Faster access to direct deposits. app store ratings (actually 4.7 in Apple store, 4.5

Online and Mobile Banking 15

Online and Mobile Banking FDIC Direct Deposit Small Business 15

Fintech Labs Insights

MARCH 4, 2019

youth to obtain a credit card. So most rely on debit cards for spending. However, debit cards don’t help in establishing credit for the estimated 45 million American adults without a credit score ( see note 1 ). To see Self Lender in action, check out its TechCrunch demo in 2014 ( video ) and update ( 2018 ).

Origination 12

Origination Credit Union Push-to-Card Debit Card 12

Payment Savvy

DECEMBER 2, 2022

In this guide, we’ll cover what an HSA card is and how to use it, and what are HSA’s. What’s an HSA Card? The Health Savings Account (HSA) Card is a debit card tied to your HSA account. You may also be able to find an HSA provider that offers a free checking account along with your HSA.

Debit Card 52

Debit Card IRS Accounts Non-Bank 52

PYMNTS

SEPTEMBER 18, 2020

Also, in terms of pure valuation, to get a sense of the enthusiasm: CNBC said at the end of last year that Chime’s sales were likely around $300 million, tied to swipe fees on debit cards. The online-only bank lets customers deposit and save money on its platform and spend using a no-fee debit card.

Debit Card 92

Debit Card Online and Mobile Banking Caps FDIC 92

PYMNTS

SEPTEMBER 18, 2020

Also, in terms of pure valuation, to get a sense of the enthusiasm: CNBC said at the end of last year that Chime’s sales were likely around $300 million, tied to swipe fees on debit cards. The online-only bank lets customers deposit and save money on its platform and spend using a no-fee debit card.

Debit Card 56

Debit Card Online and Mobile Banking Caps FDIC 56

The Fintech Times

NOVEMBER 26, 2024

The American Fintech Council , the industry association representing fintechs and banks, is urging the Federal Deposit Insurance Corporation (FDIC) to withdraw its proposed rulemaking on brokered deposits. Contrary to the FDIC’s assertions, AFC explains that deposits obtained through bank-fintech partnerships are stable and well-documented.

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FDIC Rules FinTech Underserved 64