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Marqeta to focus on growing product suite in 2020

Bank Innovation

If 2019 was the year of the challenger bank, 2020 will be the year payments companies move closer to bank territory. Marqeta, the card issuing and processing startup supporting the capabilities of large companies like Kabbage and Square, sees 2020 as a big year for payments companies branching out into banking.

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FIs and fintechs innovate with an eye on SMBs

BankInovation

At the start of the year, Bank Innovation predicted, “if 2019 was the year of the challenger bank, 2020 will be the year payments companies move closer to bank territory.”

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Challenger bank Rho rolls out features for larger companies

American Banker

Rho initially focused on startups, but now it’s targeting businesses with 100 or more employees.

Company 51
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Which fintechs will survive the pandemic?

Payments Source

Business models and adaptability will determine the success — or failure — of financial technology companies as they deal with fallout from the coronavirus outbreak.

Fintech 106
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Promontory Interfinancial rebrands as IntraFi, looks to diversify

American Banker

The company is best known for its reciprocal deposit program, but it’s finding new ways to serve banks without competing for their customers.

Company 92
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Wells Fargo customers targeted with phishing attacks using calendar invites

American Banker

In a new twist on an old scam, cybercriminals have tried to get thousands of people to surrender their Wells bank account information by sending authentic-looking emails containing malicious links that lead to a fake website bearing the company's name.

Company 98
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A debit account that rewards users for shopping at Black businesses

American Banker

The media company Urban One has launched a new account that includes a prepaid debit card and encourages customers to buy from Black-owned business and lets them donate their cash back to charity.

Cards 85