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UK Digital Bank Monzo Crosses Pond To US

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Digital bank Monzo, based in the United Kingdom, is crossing the pond. shores, debuting with what is being termed a “limited rollout” of an app linked to a checking account and debit card. The company traces its genesis to 2015 and is among a pantheon of “neobanks” that focus on digital offerings. “We In the U.K.,

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Digital Bank Monzo Jumps Into Lending In The UK

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Monzo , an online bank out of London, has added loans to its menu of services, the Financial Times reported on Thursday (Aug. can apply for loans as the online bank advances its efforts toward profitability. . The bank is offering loans from £200 to £15,000, following a successful test pilot last year. In the U.S.

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Digital Bank Chime Suffers Outage Affecting 5M Customers

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Online banking startup Chime has been hit with an outage that has left its 5 million customers with no access to their money. The outage has been going on for the last 24 hours, taking down the company’s website and app, as well as shutting down customers’ debit cards.

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Wells Fargo Unveils New Account With Digital Payment Capabilities

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Through Zelle, which is owned by a consortium of big banks including Wells Fargo, account holders will be able to transfer and receive money from family, friends and others with a U.S. bank account, the bank noted in its announcement.

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Revolut Launches Acquiring Solution For Business Customers

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Revolut has launched an acquiring solution for its Revolut Business starter pack, which will allow businesses in 13 European countries to accept credit card payments online. and EEA consumer cards and a 2.8 percent fee for all other cards. banking license in California. The product will feature a 1.3

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Connected Devices, Instant Payments, Digital Shift Top This Week’s News

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We have deep dives on connected devices, instant payments and what the digital shift means for customer expectations of card issuers. Mastercard: Why It’s Time For Card Issuers To Up Their Digital Game. Consumers’ digital shift means that customer expectations for their card issuers are higher than in the past.

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Retail's Digital Shift, SPACs, And DoorDash's IPO Plans Top This Week's News

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We have deep dives on retail’s digital D2C shift, blank-check companies, and DoorDash’s IPO plans. DoorDash , the San Francisco-based prepared food delivery service, is planning to go public by year’s end, after filing confidentially in February. Here’s how he sees the digital-first restaurant landscape shaking out.

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