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DoorDash Partners With Payfare To Launch Banking Solution For Drivers

PYMNTS

DasherDirect is issued by Stride Bank and powered by Payfare. The platform offers drivers a mobile banking app and a business Prepaid Visa Card, along with new rewards. Dashers can choose to have earnings automatically added to the card every day at no cost. The Washington, D.C. DoorDash earlier reached a $2.5

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Mastercard Q2 Earnings Preview: Increased Spending, Digital Payments Expected

PYMNTS

Mastercard has expanded its services for SMBs in several ways over the quarter, launching new SMB card rewards that operate like a “toolbox” for fulfilling recurring needs, such as Mastercard ID Theft Protection. Mastercard is also working to improve its financial services by expanding open banking and digital banking services.

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Bank of America To Update Branches In Response To Customer Behavior

PYMNTS

The bank originally planned to redesign 1,500 centers, but the new plan will accelerate that. It will also upgrade 16,000 ATMs with new features like paying with phones and the ability to pay credit card bills. It said it was going to open branches in Boston, Washington, D.C., There’s also a plan to install 2,700 new ATMs.

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Digital Mortgage Startup Blend Expands Into Consumer Banking

PYMNTS

The San Francisco-based digital mortgage and loan platform on Wednesday (Sept. 23) announced its expansion into consumer banking to include personal loans and credit cards. Blend’s venture into new territory comes a month after it raised $75 million in Series F funding led by Canapi Ventures , the Washington, D.C-

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This Week’s Reads: Cloud, Mobile Wallet, Payments

Banking 2020

Mobile Wallet-Linked Offers vs. Card-Linked – Credit Union Times. Digital Banking at JP Morgan Chase – Finextra. How Banks Are Trying to Become More Like Tech Companies – MSN Money. 12 Ways to Secure Mobile Banking – Mobile Enterprise. What have you been reading?

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Credit Union Helps US Marijuana Businesses Put Down Roots

PYMNTS

Massachusetts joins a handful of states, including Colorado, Washington and Maine, that have taken steps to legalize recreational marijuana. GFA, however, will offer basic financial tools to these businesses, including access to online banking, checking accounts, debit cards, cash management and payroll services.

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Digital SMB Insurers: Pie Insurance Makes Workers Comp “Easy As”

Fintech Labs Insights

Washington DC-based Pie Insurance specializes in workers comp insurance which it currently markets online to 36 states. Rank: – #3 on our list of Top 15 Digital SMB Insurers (based on FAB score). HQ: Washington DC & Denver, CO. Related: Top 17 Online Digital Corporate Credit Cards for Small Businesses (Dec 2021).

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