Remove ATM Remove FDIC Remove Management Remove Millennials
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Zero Launches Debit-Like Credit Card, Raises $20M

PYMNTS

Zero, a company that aims to modernize credit cards for the millennial generation, has raised $20 million in a Series A funding round, according to a report. 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.

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How Cross River Bank Keeps Cash Flowing

PYMNTS

This includes checks, brick-and-mortar bank branches, ATM cards and, yes, cash. The ATM Real Estate Advantage. Cross River teamed up with Mastercard in 2017 to launch Mastercard Cash Pick-Up, a disbursement service that delivers cash on behalf of businesses to vetted recipients through a network of ATMs. Postal Service (USPS).

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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.

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Seeking Banking Balance Between Physical And Digital

PYMNTS

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). A separate survey from management consulting firm Bain & Co.

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Despite The Digital Age, Cash In The Pink (OK, Green) Of Health

PYMNTS

In an interview conducted by PYMNTS’ Karen Webster with Brian Bailey, managing director for North America at Cardtronics , the discussion turned to why and how cash has remained so sticky. The electricity may still be out and the ATMs and debit cards still inaccessible, but the windows, roofs and doors need patching.

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When The Bank Is An App — And Not The Bank’s

PYMNTS

As Green Dot Chief Revenue Officer Brett Narlinger told Karen Webster in a recent conversation, the same holds true for banks, particularly when it comes to millennial and Gen Z consumers. “My Among the financial services customers want, he said, storing funds, saving funds, sending money and managing accounts are all list leaders.

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