PYMNTS

DECEMBER 16, 2020

The rollout makes Quontic “the first FDIC insured financial institution in the U.S. to go live with a Bitcoin Rewards debit card,” according to an announcement. resident and non-resident global customers can open a FDIC-insured U.S. Barclaycard Debuts New Virtual Card Platform. Aeldra’s U.S.

Online and Mobile Banking 62

Online and Mobile Banking FDIC Accounts Debit Card 62

PYMNTS

DECEMBER 23, 2020

The teenager with a Fortnite habit who manages to clean out Dad’s checking account via the debit card linked to the gaming account. The company offers FDIC-insured bank accounts and a Visa -branded payment cards for teens (aged 13-18) with budgeting features and other financial education tools built in.

Financial Literacy 128

Financial Literacy FinTech Debit Card Credit Cards 128

PYMNTS

OCTOBER 19, 2020

The release says the mobile app will also come with a prepaid debit card that can be used anywhere. 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. percent in 2011, from 7.6 percent in 2009.

FDIC 56

FDIC Debit Card Payroll Payment Solutions 56

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 13, 2021

Small Business Card Use On The Rise. A new survey from Mercator Advisory Group has revealed that small businesses are increasing their use of credit and debit cards, according to a recent press release. According to the report, SMBs increased their use of debit cards from 34 percent in 2019 to 42 percent in 2020.

Office of the Comptroller of the Currency 66

Office of the Comptroller of the Currency Commercial Card Credit Cards Small Business 66

PYMNTS

OCTOBER 8, 2019

percent APY on any money in the account – and they will be able to spend it with a distinctive Mastercard debit card. Investors’ money will be covered by the Federal Deposit Insurance Corporation (FDIC) up to $1.25 As reported on Tuesday (Oct. 8), the feature will enable customers to earn 2.05

Checks 49

Checks API Debit Card FDIC 49

PYMNTS

JULY 24, 2019

Profits from the new offerings will come from debit card interchange fees, the article said. Like other FinTechs, Betterment will partner with FDIC-insured institutions since it doesn’t have a bank charter. The average national yield of savings accounts is 0.10%, whereas Betterment’s annual yield is 2.69%.

Deposit Account 64

Deposit Account Accounts FDIC RTP 64

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.

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FDIC Non-Bank Debit Card Addressing 67

PYMNTS

DECEMBER 12, 2019

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

Accounts 54

Accounts Cash Management Debit Card FDIC 54

PYMNTS

JANUARY 29, 2020

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.

Debit Card 52

Debit Card FDIC Direct Deposit P2P 52

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.

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Cryptocurrency Bitcoin Blockchain Digital Currency 102

Finovate

APRIL 17, 2024

The new accounts, dubbed Mercury Personal, will offer advanced banking tools such as free wire transfers, multiple debit cards with account-level controls, and will pay 5% APY on savings accounts at launch. Business banking fintech Mercury is expanding into personal banking.

Wire Transfer 52

Wire Transfer FDIC Wire Wires 52

PYMNTS

MARCH 26, 2020

million recipients faster through Direct Express, where Comerica Bank acts as the Treasury Department’s financial agent for prepaid debit cards. Prepaid cards also can allow those without bank accounts (i.e. FDIC) has estimated that 8.4 There also is Mastercard Send for push payments as an alternative to ACH.

Checks 100

Checks Push-to-Card Direct Deposit IRS 100

PYMNTS

JUNE 10, 2020

The company said that Wave Money will include a debit card, business bank account and mobile app. With those features, owners of companies can deposit funds, make purchases using the debt card and supervise all of their activities in the system’s mobile app.

Blocks 56

Blocks Small Business FDIC Debit Card 56

PYMNTS

NOVEMBER 2, 2020

Ganu offered up a use case as illustration: The user who deposits a hypothetical $1,000 into their Finch account receives a Finch debit card. Asked about regulation, Ganu said that the firm works with an FDIC insured partner bank and a SIPC partner broker dealer, Apex Clearing Corp., to ensure regulatory compliance.

FinTech 88

FinTech FDIC Regulatory Compliance Checks 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

MAY 4, 2020

By partnering with a bank, users can access the service, which has debit cards and is backed by the Federal Deposit Insurance Corporation (FDIC). Around the same time, Robinhood introduced a cash management service in the form of an investment upgrade that let users earn 1.8

FDIC 52

FDIC Debit Card Cash Management FinTech 52

The Paypers

SEPTEMBER 23, 2021

Zolve has launched a financial product which will be offering the US immigrants the ability to obtain an FDIC-insured bank account, credit card, and debit card upon entering the US.

Product 31

Product FDIC Debit Card Credit Cards 31

PYMNTS

OCTOBER 28, 2019

28) at the Money20/20 conference, BlueVine Business Banking connects small businesses to checking account services and a debit card: the BlueVine Business Debit Mastercard. Banking services are provided via a collaboration with The Bancorp Bank, Member FDIC. Announced on Monday (Oct.

Checks 40

Checks Accounts Debit Card Online and Mobile Banking 40

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

MARCH 18, 2019

The accounts come with debit cards, digital payments and free check cashing, but do not allow overdrafts.”. According to the Federal Deposit Insurance Corporation (FDIC), the percentage of unbanked Americans fell to its lowest level since the 2007-2009 financial crisis. a month and no minimum balance,” according to Reuters.

Consumer 70

Consumer Online and Mobile Banking FDIC Checks 70

PYMNTS

SEPTEMBER 4, 2019

The startup is an FDIC-insured mobile bank that has no physical branches and pledges to offer customers fewer fees. Once users are signed up, they won’t be penalized if they keep spending with a debit card after a balance drops to zero, with an overdraft limit of up to one hundred dollars.

FDIC 43

FDIC Direct Deposit Debit Card Mobile Banking 43

PYMNTS

NOVEMBER 7, 2017

As cited by TechCrunch, the FDIC has estimated that cash-wielding consumers comprise about 27 percent of shoppers, and are likely to want to buy in-store, given their use of credit or debit cards at the register or checkout locales.

FDIC 40

FDIC Debit Card NOV Consumer 40

PYMNTS

APRIL 24, 2019

In addition, Wealthfront works with FDIC-insured partner banks — including East West Bank , New York Community Bank and others — to hold customers’ deposits. There are also plans to launch direct deposits and a debit card by the end of the year. percent interest rate, while money market accounts return an average 0.21

Accounts 43

Accounts FDIC Direct Deposit Debit Card 43

PYMNTS

JULY 25, 2019

FDIC) estimated that 6.5 Some providers have developed mobile payment apps that cater to customers who want convenience, permitting them to pay with anything from ACH to prepaid debit cards. But Ives noted that hesitance to go cashless, in some industries, arises from concerns about disenfranchising the underbanked. Another 18.7

Online and Mobile Banking 75

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

PYMNTS

DECEMBER 20, 2018

Amazon in particular has stated that such settlement options would be a desirable alternative to credit and debit cards. 19) announcement, the company said the application is with the Federal Deposit Insurance Corporation (FDIC). The Fed, of course, has had a request for comment open for a while. In its Wednesday (Dec.

Cross-Border 53

Cross-Border SWIFT Federal Reserve Fed 53

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

Stax

JANUARY 1, 2024

Additionally, look out for banks that say “Member FDIC” on their website. are compliant with FDIC insurance, but it’s worth an extra check. Q: Does FDIC apply to business accounts? Yes, the Federal Deposit Insurance Corporation (FDIC) insures business accounts just like personal accounts.

Accounts 88

Accounts Online and Mobile Banking API ATM 88

PYMNTS

JULY 14, 2020

It’s been a big year for alt-credit, where younger consumers see it as a, well, alternative to using a traditional credit or debit card to finance a purchase. Fast and Furious BNPL Action. The account comes with 1.30

Point-of-Sale (POS) 52

Point-of-Sale (POS) BNPL FDIC Issuers 52

PYMNTS

OCTOBER 6, 2017

The data shows that cash still runs a good, solid second place among preferred payment methodologies – cited by 27 percent of respondents as their top choice, behind debit cards at 33 percent. The electricity may still be out and the ATMs and debit cards still inaccessible, but the windows, roofs and doors need patching.

P2P 47

P2P Debit Card FDIC Data Breach 47

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.

Debit Card 62

Debit Card Accounts Near Real-Time Consumer 62

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.

Credit Cards 54

Credit Cards FDIC Checks ATM 54

Fintech Labs Insights

APRIL 4, 2023

The new Mercury Vault ( company announcement , 13 March 2023 ) includes $5M of FDIC insurance (achieved by shipping deposits in excess of $250k to a network of 20 banks). Using this link new customers earn a $250 bonus after spending $10k on their new Mercury debit card. Related: Top 15 U.S.

FDIC 15

FDIC Small Business Debit Card Fed 15

CB Insights

DECEMBER 4, 2019

In December 2017, Amazon’s Alexa Fund participated in a $16M Series A to Greenlight Financial, an alternative debit card issuer aimed at young consumers. With the card, parents can manage spending limits and allocate funds for their children through a mobile app. This may give customers access to a debit card for the first time.

Online and Mobile Banking 101

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

PYMNTS

AUGUST 30, 2018

It’s popular and well-liked in the neighborhood, but if you want to taste the copious amount of BBQ sauce that is always flowing inside, you better have a credit or debit card on you. 20 percent of black households are unbanked, and 36 percent are underbanked , according to 2015 data from the FDIC.

FDIC 40

FDIC Debit Card Transactions Cash Management 40