PYMNTS

JANUARY 7, 2021

In today’s top news in digital-first banking, California FinTech Green Dot is rolling out the GO2bank mobile banking to help cash-strapped individuals, while stimulus checks are reportedly posing challenges for some users of H&R Block and TurboTax. Green Dot Introduces GO2bank To Help Cash-Strapped Consumers.

Blocks 56

Blocks Checks IRS FDIC 56

PYMNTS

JUNE 25, 2019

.” The publication noted that FinTech firms collaborating with Cross River are able to take advantage of the community bank’s Federal Deposit Insurance Corp (FDIC) membership, using the FI to connect with traditional financial and banking infrastructures without having to go through the process of securing their own FDIC licenses.

Community Banks 46

Community Banks Acquirers FDIC Small Business 46

PYMNTS

DECEMBER 10, 2019

subsidiary of Germany’s mobile bank N26 has expanded its Perk partnerships for debit cardholders, the company said in a press release on Tuesday (Dec. 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.

Debit Card 52

Debit Card FDIC Direct Deposit Mobile Banking 52

PYMNTS

JANUARY 10, 2019

Today’s coverage includes news about recent bank failures and an accusation against LuLaRoe. Sears is still in the bid game, a mobile banking operator thinks big and holiday sales in the U.K. US Banking Industry Had No Failures in 2018. FDIC) was founded in 1933 that an entire year went by without a bank going under.

FDIC 51

FDIC Mobile Banking Product Payments 51

PYMNTS

DECEMBER 16, 2020

California-based challenger bank Aeldra has chosen i2c Inc. to fuel its digital private banking services. The mobile bank, which was started by neo bank veterans, is seeking to reach affluent global clients with household incomes of over $100,000, according to a Tuesday (Dec. 15) announcement e-mailed to PYMNTS.

FDIC 67

FDIC Non-Bank Debit Card Addressing 67

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

FICO

JANUARY 13, 2020

In December, the FDIC and OCC issued a proposed rule to modernize the Community Reinvestment Act (CRA). However, the current rules do not address changes in the industry like the advent of mobile banking. In addition, the Federal Reserve did not join the FDIC and OCC on the proposal.

AML 52

AML Authentication Finance OCC 52

PYMNTS

AUGUST 22, 2016

Which is a bit of a problem, since there are objectively fewer banks now than there were even five years ago. According to the FDIC, banking branches are at their lowest level in a decade with only 93,283 left open. Physical banks reportedly hit their peak in 2009 and have declined 6 percent since then.

FDIC 41

FDIC Consumer Online and Mobile Banking ATM 41

PYMNTS

NOVEMBER 12, 2020

FDIC) study found that the number of unbanked U.S. The pandemic is accelerating this growth, with new mobile banking registrations ballooning 200 percent in April, and this trend will likely continue through year’s end.”. A recent Federal Deposit Insurance Corp. percent in 2017 to 34 percent in 2019,” the Tracker states.

Online and Mobile Banking 81

Online and Mobile Banking Financial Inclusion PayPal FDIC 81

PYMNTS

APRIL 29, 2019

FIS, Fiserv or Infosys will be tapped to provide the processing software for Robinhood’s upcoming mobile bank if it receives approval from the Office of the Comptroller of the Currency.

Office of the Comptroller of the Currency 45

Office of the Comptroller of the Currency Online and Mobile Banking OCC FDIC 45

PYMNTS

APRIL 2, 2019

Following approval by the Federal Deposit Insurance Corporation (FDIC) and Washington, D.C.’s “MOXY’s progressive and innovative approach to banking will provide greater digital convenient, advocacy and personalized financial services to its users,” bank President and CEO Casey G.

Community Banks 46

Community Banks Payment APIs and Integration FDIC Mobile Deposit 46

PYMNTS

JULY 20, 2017

The app can also be used to upload checks, like many mobile banking apps. The card is FDIC-insured through Republic Bank & Trust Co. Netspend, an Austin, Texas-based company owned by TSYS, believes in the power of self-banking and provides tools to help customers spend, budget and pay their bills.

FDIC 40

FDIC Checks Mobile Banking Accounts 40

PYMNTS

JANUARY 9, 2018

“Small banks process a lot of [Small Business Administration (SBA)]-based loans and, according to recent figures released by the agency, the current fiscal year has already seen a record amount of SBA lending,” explained Rohit Arora, Biz2Credit CEO, in a statement. But small business lending is only one part of the banking puzzle.

Community Banks 52

Community Banks FinTech Small Business FDIC 52

PYMNTS

OCTOBER 4, 2019

Credit Karma is partnering with West Virginia-based MVB Bank on the venture. The bank will handle the funds and will offer FDIC protection up to $5 million. Vio, an online bank, has an account that pays 2.42 Credit Karma said it is using technology to give people the best APYs.

Accounts 52

Accounts FDIC API Product 52

PYMNTS

JULY 30, 2019

In the sense that it is a bank, MoneyLion takes deposits and makes sure those deposits are FDIC insured through a backend partnership with a traditional bank, Choubey said.

Consumer 76

Consumer Financial Literacy ATM FDIC 76

PYMNTS

MAY 27, 2020

The pandemic, said NCR’s Brown, “is the ultimate stress test on every channel that a bank has to offer” — especially as measured across digital products and services. “We If you talk to a bank CEO, they will tell you that most of them want to grow deposits, unless you are big enough that you worry about allocating capital.

FinTech 94

FinTech Online and Mobile Banking Innovation FDIC 94

Fintech Labs Insights

MAY 24, 2021

Security features (account freeze, real-time transaction notifications, FDIC insured). Learn More at Lili all-in-one mobile banking service. Business debit card with free withdrawals. 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

PYMNTS

MARCH 18, 2019

According to the Federal Deposit Insurance Corporation (FDIC), the percentage of unbanked Americans fell to its lowest level since the 2007-2009 financial crisis. 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. In 2017, 6.5 million U.S.

Consumer 70

Consumer Online and Mobile Banking FDIC Checks 70

FICO

APRIL 7, 2022

In the example below, you can see how Bank of America is reinforcing secure banking and the security of their mobile banking app. . Find ways to portray a sense of secure digital banking in all of the small digital interactions you have with customers.

Security 52

Security FDIC Automation Rules 52

PYMNTS

NOVEMBER 1, 2018

And that is a bank – one with FDIC insurance and safeguards that keep their money safe. 93 percent had a bank account. A big part of the reason is trust (a trait noted in the CNBC article, to be fair, but not as forcefully as by PYMNTS).

FinTech 76

FinTech FDIC ATM Innovation 76

Stax

JANUARY 1, 2024

The following should be considered: Online banking capabilities: User interface, account management features, and integration with business software can streamline financial management and save time. Additionally, look out for banks that say “Member FDIC” on their website. All reputable banks in the U.S.

Accounts 88

Accounts Online and Mobile Banking API ATM 88

PYMNTS

AUGUST 17, 2017

Chase, Wells Fargo, Bank of America and Citi, to name a few, all scaled back their physical bank branch locations between 2012 and 2016, according to the Federal Deposit Insurance Corporation (FDIC). Additionally, if recent trends are any indication, physical bank branches stand to lose a lot of ground in the near future.

Online and Mobile Banking 53

Online and Mobile Banking Non-Bank FinTech Addressing 53

Fintech Labs Insights

FEBRUARY 1, 2017

The value proposition is around monitoring transactions to save money on unneeded recurring services and/or bloated bills (in which the company takes a one-time commission on savings) while building a small nest egg in an integrated FDIC insured savings account. If you don’t offer these benefits for customers, someone else will.

FDIC 15

FDIC Push-to-Card Advisors AI 15

PYMNTS

OCTOBER 12, 2018

For 73 percent of Americans, participating in the digital economy is as easy as securing internet access and entering their relevant credit, debit or bank account numbers with the merchants and service providers they want to buy from and setting up their mobile banking app.

PayPal 63

PayPal Online and Mobile Banking Visa Financial Inclusion 63

CB Insights

DECEMBER 4, 2019

The 2017 FDIC National Survey of Unbanked and Underbanked Households shows: Approximately 6.5% ToneTag is a contactless payments hardware and software provider that can be integrated at both merchant (mobile, point of sale, card readers) and customer (mobile wallet, mobile banking apps) interaction points.

Online and Mobile Banking 101

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