PYMNTS
NOVEMBER 17, 2020
Lumin Digital announced today (Nov. 17) that it will provide Los Angeles Federal Credit Union (LAFCU) with its cloud-based online and mobile digital banking platform, according to a press release emailed to PYMNTS. We are pleased they chose us as that partner.”.
PYMNTS
APRIL 28, 2020
These shifts have made digital banking and debit transactions more important than ever. Many United States residents are starting to receive federal relief via direct deposits or checks in the mail, but Los Angeles, California, is turning to prepaid debit cards to offer its own pandemic-related financial assistance.
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PYMNTS
JUNE 16, 2020
Branch , the digital bank startup, is branching out. Consumers deserve fast and flexible mobile banking services that adapt to their needs,” said Branch CEO Atif Siddiqi in a statement. This trend could be here to stay. Nearly three quarters of respondents, 74 percent, said they will continue to use contactless post-pandemic.
PYMNTS
AUGUST 5, 2019
Monzo, one of the world’s largest digital banks, discovered a security flaw and is now asking half-million of its customers to change their personal identification numbers (PINs), TechCrunch reported on Monday (Aug. According to Monzo’s blog , the bank noticed on Friday, Aug. No one outside Monzo had access to these PINs.
Gonzobanker
JUNE 7, 2023
The launch of Charlie points to an underserved niche in banking: older adults. In mid-May, a digital bank account for the 62+ crowd debuted in the United States. Yes, Chime offers advancements on Social Security payments, but make no mistake: The popular neobank’s target audience is young adults. Well, it happened.
PYMNTS
SEPTEMBER 18, 2020
And CNBC notes that, conversely, the KBW Bank Index is down by roughly a third. As reported by PYMNTS in late June, Chime debuted its Chime Credit Builder Visa Credit Card, which lets users transfer funds to a secured account (which effectively limits what can be spent).
Gonzobanker
DECEMBER 8, 2021
In a zeitgeist moment of what is happening in payments market disruption, the Los Angeles’ Staples Center was renamed Crypto.com Arena. Digital Security.
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