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. Stimulus Checks Pose Issues For H&R Block, TurboTax .

Blocks 56

Blocks Checks IRS FDIC 56

FICO

JANUARY 6, 2020

Here are the 5 customer development posts from 2019 with the most views on the FICO Blog. Consumer Banking Predictions 2019: Four Trends to Watch. In 2019, it will become increasingly clear that these transformation projects require more than just new technology, they also require significant organizational changes.”. .

Posting 52

Posting AI Online and Mobile Banking Account Takeovers 52

PYMNTS

NOVEMBER 9, 2020

Consumers in financial straits may find it difficult to maintain the balances necessary for them to keep their checking accounts open for one example, causing them to become unbanked. million households lacked access to bank accounts as of 2019. In the U.S., This represents a noted reversal from trends of the past decade.

On-Demand 81

On-Demand FDIC Push-to-Card P2P 81

PYMNTS

FEBRUARY 7, 2020

Since November 2019, about 60,000 UK users have signed up for the service, according to the Financial Times Thursday (Feb. As of December of 2019, Robinhood is now at 10 million subscribers. Earlier last year, Robinhood debuted a checking and savings product that did not have a bank partnership and ultimately was not successful.

Debit Card 60

Debit Card FDIC Cash Management Cryptocurrency 60

CB Insights

JANUARY 5, 2021

Half of consumers over the age of 35 pick primary banks based on their local presence, but for consumers under 35, that number falls to just 30%, according to PwC’s 2019 Consumer Digital Banking Survey. . This older demographic also accounted for 20% of those who deposited mobile checks for the first time. . Source: FDIC.

Online and Mobile Banking 98

Online and Mobile Banking Financial Inclusion Checks Federal Reserve 98

PYMNTS

OCTOBER 19, 2020

and comes with other benefits like off-cycle payments, patented checks and optional prepaid debit cards, allowing workers full access to their pay through those solutions. residents in the near future, PYMNTS writes, according to a report by the Federal Deposit Insurance Corp (FDIC). In 2011, the number of unbanked Americans rose to 8.6

FDIC 56

FDIC Debit Card Payroll Laws 56

PYMNTS

JANUARY 7, 2019

In addition, the legislation is focused on crypto exchanges and wallet providers, with Ireland’s legislation — known as the Criminal Justice Amendment Bill of 2019 — also letting the Criminal Assets Bureau and Garda access bank records amid money laundering investigations, as reported by TheCryptoUpdates. In the U.S.,

Regulations 60

Regulations Money Laundering FDIC Cryptocurrency 60

Finovate

FEBRUARY 22, 2024

Founded in 2019, Zūm Rails seeks to make the payments experience less disjointed by integrating open banking and instant payments into a single gateway. that will enable businesses to send and receive FDIC-insured payments in near-real-time. Canadian fintech Zūm Rails (pronounced zoom rails) brought in $7.78 million (CAD $10.5

Instant Payments 52

Instant Payments FedNow FDIC Gateways 52

CB Insights

DECEMBER 4, 2019

In March 2019, Amazon announced an integration with Worldpay , which serves as a back-end intermediary between banks and credit card companies and is one of the largest payment processors in the world. It grants access to the store and allows customers to grab-and-go without needing to physically check out to pay for products.

Online and Mobile Banking 101

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

PYMNTS

OCTOBER 30, 2019

. “While adoption for consumer accounts is enhanced through regulatory drivers, adoption for business accounts is based on market interest,” she stated in her presentation at the Association for Financial Professionals’ AFP 2019 event.

Payment APIs and Integration 41

Payment APIs and Integration Cross-Border Cross-Border Payments Small Business 41

Fintech Labs Insights

JANUARY 13, 2025

7,600 17 Arival 6 6 Jan 25 2018 Miami, FL $11 5,200 Sources: FintechLabs, Pitchbook, Crunchbase, SimilarWeb; 6 Jan 2025 * Our business model depends on revenue from referrals and sponsors. annual return Challenger SMB Banks Currently Active in the United States 1. annual return Challenger SMB Banks Currently Active in the United States 1.

Small Business 28

Small Business NOV Checks Online and Mobile Banking 28

Fintech Labs Insights

NOVEMBER 10, 2023

2,500 $992 16 Betterment 498 2008 NYC 1,930,000 $435 17 Wealthfront 453 2011 SF 1,964,000 $274 18 Petal 404 2016 NYC 340,000 $992 19 Braid 390 2019 SF 12,000 $0 20 M1 Finance 371 2015 Chicago 1,230,000 2.2 1,080 $491 26 One Finance 248 2019 SF 1,110,000 1.7 124 $66 27 Axos 220 2013 1,110,000 $0 28 Majority 126 2019 Stockholm 168,000 4.6

NOV 15

NOV Consumer Online and Mobile Banking Small Business 15

PYMNTS

MARCH 22, 2019

As it stands, reports indicate that households that are “underbanked” or “unbanked” use 10 percent of their yearly income toward services such as credit or check cashing per a government study. Federal Deposit Insurance Corporation (FDIC) data shows that 6.5 It’s expensive to be poor,” Warren told the news outlet through a statement.

Financial Inclusion 46

Financial Inclusion FDIC ATM Checks 46

PYMNTS

OCTOBER 29, 2018

The 2019 planning sessions that will mark the next 60 days will no doubt include topics of conversation about the scariest things in payments that could knock key players off their game – or turn their plans upside down. And that is a bank – one with FDIC insurance and safeguards that keep their money safe.

Online and Mobile Banking 78

Online and Mobile Banking Payments PayPal Payment APIs and Integration 78

FICO

DECEMBER 19, 2018

While many believe that the partisan divide will grow in 2019, this does not mean that all bank-related public policy proposals will be stuck in neutral. I expect the FCC to issue a declaratory ruling in the first half of 2019 that will provide much needed clarity around the definition of Automatic Telephone Dialing System.

BSA 40

BSA Fincen Suspicious Activity Report (SAR) SARS 40

PYMNTS

FEBRUARY 14, 2019

Denny Heck, both Democratic members of Congress from states with legal marijuana — back the Secure and Fair Enforcement of Banking Act of 2019 , or the SAFE Banking Act, as it is more commonly known. Such prohibition could involve limiting FDIC protections for those deposits, for example, or trying to prevent loans to those businesses.

Credit Union 92

Credit Union Law Enforcement Legal Laws 92

PYMNTS

FEBRUARY 13, 2019

Denny Heck, both Democratic members of Congress from states with legal marijuana — back what is called the Secure and Fair Enforcement of Banking Act of 2019 , or SAFE Banking Act as it is more commonly known. The hearing on Wednesday served as the first hearing for that proposed bill, according to lawmakers and reports.

Credit Union 46

Credit Union Legal Law Enforcement Laws 46

Finovate

MARCH 27, 2025

million in FDIC insurance, challenging established private banking providers. Along with traditional checking and savings accounts, members can also expect to receive “luxury benefits.” Robinhood Banking, launching this fall, will offer private banking perks such as global currency transfers, luxury benefits, and up to $2.5

FDIC 64

FDIC Push-to-Card Credit Cards Community Banks 64