PYMNTS

MAY 13, 2019

The Zelle network is used by an upwards of 5,391 financial institutions (FIs), either through a mobile banking app or by registering a debit card with Zelle’s app. A possible limit to Zelle’s service — at least, for the time being — is its status as a payment method that relies on bank rails, not card rails.

P2P 79

P2P Zelle Venmo Debit Card 79

PYMNTS

JANUARY 8, 2019

By 2016, Chime was in the market with the full suite of features that digital banks offer today. As a pure-play digital bank, Chime offers as its primary product an entirely mobile/digital banking application that gives customers access to a network-branded debit card and a savings account. ”

Debit Card 64

Debit Card Push-to-Card Funds Availability Payroll 64

PYMNTS

JUNE 16, 2016

Britt said he has seen evidence of this firsthand, noting that the average Chime direct deposit user logs onto the app to check their balance on a daily basis. Most also do not send purchase and deposit alerts, he added. “If Many major financial institutions don’t allow their customers to do that, he said.

Mobile Banking 42

Mobile Banking Direct Deposit Deposit Account Credit Cards 42

PYMNTS

SEPTEMBER 4, 2019

Chime , a digital banking startup based in San Francisco, said it has reached a threshold of five million customers and plans to introduce a new overdraft initiative to help them, according to a report. The startup is an FDIC-insured mobile bank that has no physical branches and pledges to offer customers fewer fees.

FDIC 43

FDIC Direct Deposit Debit Card Mobile Banking 43

PYMNTS

OCTOBER 11, 2018

Workers want faster payments and don’t want to be paid via direct deposit. Three quarters — 75 percent — of college-age consumers prefer to interact with mobile banking apps. To serve millennials and other consumers, Wells Fargo launched a mobile banking app called Greenhouse by Wells Fargo last year.

Faster Payments 60

Faster Payments Economy Real Time Payments Online and Mobile Banking 60

EBizCharge

SEPTEMBER 18, 2024

This system allows businesses and consumers to move money between bank accounts, either within the same institution or across different financial institutions. ACH payments offer a secure, reliable, and cost-effective way to transfer funds for payroll, recurring bill payments, direct deposits, and other routine transactions.

ACH 52

ACH IAT ACH Network Direct Deposit 52

PYMNTS

OCTOBER 8, 2019

Gone, then, are the days when multi-year relationships could be forged from the fact that the CU had a consumer’s checking account and direct deposit of paychecks set up. Now the relationship has moved beyond writing checks to credit and debit cards.

Credit Union 41

Credit Union Faster Payments Direct Deposit Checks 41

Fintech Labs Insights

MAY 24, 2021

Faster access to direct deposits. Business debit card with free withdrawals. Learn More at Lili all-in-one mobile banking service. app store ratings (actually 4.7 in Apple store, 4.5 in Google Play as of 20 May 2021). 3-min application process with no credit score impact.

Online and Mobile Banking 15

Online and Mobile Banking FDIC Direct Deposit Small Business 15

Fintech Labs Insights

AUGUST 26, 2020

BukuWarung : [Payments, Card processing, SMBs] Product: Merchant app for small stores in Indonesia. CapWay : [Banking, Financial inclusion, Consumer] Product: Mobile bank for the underbanked. Maytana : [Payments, SMBs, APIs] Product: Payment center for multinational startups using open banking APIs.

Payment APIs and Integration 12

Payment APIs and Integration FinTech API Credit Cards 12

PYMNTS

MARCH 1, 2018

Payment solution provider i2c recently announced a partnership with mobile banking FinTech Payfare to pay rideshare drivers using a prepaid Mastercard. Once payments are disbursed, cards can be used to make online and in-store purchases, withdraw funds from an ATM, transfer funds or pay bills.

Push-to-Card 40

Push-to-Card Financial Literacy Credit Cards Online and Mobile Banking 40

EBizCharge

DECEMBER 11, 2024

The time it takes for pending transactions to clear may vary depending on the type of transaction and the policies of the merchant or credit card company. Credit card purchases and direct deposits often clear within this timeframe, although some may take longer due to delays in processing times.

Transactions 52

Transactions Credit Cards Debit Card Card Issuer 52