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In Brazil, Banking Customers Turn To Debit, Digital Banking

PYMNTS

These shifts have made digital banking and debit transactions more important than ever. The Next-Gen Debit TrackerĀ® explores how the COVID-19 outbreak is impacting commerce and banking, as well as accelerating uptake of digital services and payment tools. The Paytm cards can be used both in-store and online.

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Sequoia-Backed Found Raises $12.8M To Scale Its Online Banking Platform

CB Insights

Found , a self-employment online banking platform, has raised $12.8M California-based Found is a digital bank that offers banking, book-keeping, and taxation services for self-employed people. To Scale Its Online Banking Platform appeared first on CB Insights Research. Want the full post?

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This Andreesen Horowitz-Backed Company Raised $120M To Enhance Its Digital Bank

CB Insights

California-based Mercury is an online banking platform that offers a suite of financial services such as FDIC-insured bank accounts, physical and virtual cards, and cash management for startups, e-commerce stores, and angel investors, among others. HOW’S THE COMPANY PERFORMING? Want the full post?

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Online Bank Aspiration To Give Cashback For Socially Responsible Shopping

PYMNTS

Online bank Aspiration, which has a socially conscious mission, recently announced it would give customers 3 to 5 percent back on purchases from socially conscious brands, according to a report by Bloomberg. Aspiration said the retailers and the bank will jointly fund the rewards.

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Today In Digital-First Banking: Goldman Sachs Taps Marqeta To Fuel Marcus Checking; X1 Card Notches $12 Million In Funding

PYMNTS

In todayā€™s top digital-first banking news, Goldman Sachs has selected FinTech startup Marqeta to power digital checking accounts for Marcus, while California credit card startup X1 notched $12 million in a funding round headed up by Spark Capital. Plus, the Federal Reserveā€™s Beige Book report noted that the U.S.

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Deep Dive: How Understanding Open Banking Rules Can Help Merchants Gain Consumers' Trust

PYMNTS

The following Deep Dive analyzes the pandemicā€™s effects on open banking advancements and consumersā€™ perceptions of online privacy and security, as well as how these changes will affect customersā€™ merchant relationships. For example, a September report found that the number of open banking users in the U.K. and the EU.

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SoFi buying small California bank for $22.3 million

American Banker

The acquisition of Golden Pacific Bank will accelerate the online lenderā€™s effort to become a full-service bank.