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SoFi Officially Files For A Bank Charter Of Its Own

PYMNTS

Which means it really doesn’t come as all that huge a surprise that as of June 6th, SoFi had applied for a new (de novo) bank charter according to the FDIC. Instead, SoFi as a bank will exist so it can “provide its customers an FDIC insured NOW account and a credit card product. SoFi has confirmed the news.

FDIC 100
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Why Consumers Need Digital Banks To Be Better, Not Just Cheaper

PYMNTS

ATM fees, on the other hand, average around $4.66. 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. Having a simple bank checking account costs an average a monthly maintenance fee of $13.58 or $163 a year.

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Why Migrant Workers Need Financial Service Offerings All Their Own

PYMNTS

receive an FDIC-insured account, use of more than 50,000 ATMs across North America, a reloadable Visa prepaid card, remittance and international calling, native language advisors and access to a network of community meet-up spaces, local discounts and invitations to community-based events.

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Why Migrant Workers Need Their Own Financial Services

PYMNTS

receive an FDIC-insured account, use of more than 50,000 ATMs across North America, a reloadable Visa prepaid card, remittance and international calling, native language advisors and access to a network of community meet-up spaces, local discounts and invitations to community-based events.

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BlueVine Adds Checking Accounts, Cards For Small Firms

PYMNTS

Small business (SMB) online lending company BlueVine is expanding its financial services with the launch of BlueVine Business Banking. 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. Announced on Monday (Oct.

Cards 101
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Finovate Fall 2016 Live Blog – Day 2

William Mills

You can look at life events such as marriage, credit card, new job, etc. International lending platform – Create opportunities for Investors. 2015 formed aspire to address inefficiencies in alternative lending market. Now showing the use case on a mobile device and an ATM. Larger banks want an API and dig-down.

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The Future of Noninterest Income at Financial Institutions

Abrigo

Financial institutions generate most of their income by lending and investment activities. Noninterest income includes income from such items as overdraft fees, service charges, loan origination fees, and ATM fees. An important source of revenue. However, a portion of revenue comes from noninterest income.