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DailyPay Rebrands Its Card, Adding New Merchant Cash Back Offers

Fintech Finance

The DailyPay Visa® Prepaid Card will remain a general purpose reloadable (GPR) card with an app that allows users to transfer a portion of their earned wages to the card in real time*, and with no fee** if the user has updated their direct deposit to the card. Other fees and limits apply.

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Digital Bank N26 Offers New Perk Partners To US Debit Card Users

PYMNTS

One of Europe’s fastest-growing mobile banks, N26 also offers direct deposit customers the ability to get their salary up to two days early. N26 partners with Axos Bank to offer a Visa debit card and FDIC-insured checking account. This is just one way we aim to help make our customers’ money work for them.”.

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Getting Stimulus Funds To Those Who Need Them — Without The Paper Check

PYMNTS

As reported, those Americans with direct deposit account information stored with the Internal Revenue Service (IRS) — the conduit through which they get refunds — will get those payments within a few weeks after legislation is finalized and signed. Prepaid cards also can allow those without bank accounts (i.e.

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Neobank Joust Targets Freelancers With New App

PYMNTS

The app was designed using input from customers and features an analytical dashboard, Joust Visa debit card management, invoice creation, payments and more. Joust accounts are also FDIC-insured and are combined with a merchant account. Launched in 2019, the Joust Visa debit card can also be managed within the app.

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Chime Offers Overdraft Protection To Its 5M Customers

PYMNTS

The startup is an FDIC-insured mobile bank that has no physical branches and pledges to offer customers fewer fees. The overdraft initiative, called SpotMe, is geared toward customers who live paycheck to paycheck and deposit all of their earnings into their Chime accounts.

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New Wealthfront Cash Accounts Bring In $1B Since Feb

PYMNTS

In addition, Wealthfront works with FDIC-insured partner banks — including East West Bank , New York Community Bank and others — to hold customers’ deposits. Since the firm partners with multiple banks, the deposits are insured up to $1 million. percent interest rate, while money market accounts return an average 0.21

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SMB Challenger Banks: Lili Focuses on Freelancers

Fintech Labs Insights

Faster access to direct deposits. Business debit card with free withdrawals. Security features (account freeze, real-time transaction notifications, FDIC insured). Features & benefits listed on homepage: Free. app store ratings (actually 4.7 in Apple store, 4.5 in Google Play as of 20 May 2021).