PYMNTS

MAY 26, 2016

A new report from the Federal Deposit Insurance Corporation (FDIC) shows that mobile banking can empower underserved customers to have greater control over their finances and ultimately open up access to mainstream banking. The good news is that mobile banking usage is reportedly on the rise.

Mobile 104

Mobile FDIC Survey Security 104

PYMNTS

AUGUST 28, 2019

challenger bank NorthOne has announced the launch of its mobile-first small business banking platform, the result of a collaboration with digital-first Radius Bank. Small businesses can sign up for an FDIC-insured bank account in three minutes, and can customize the platform to add sub-accounts for payroll, large purchases and taxes.

Mobile 144

Mobile FDIC Tools Taxes 144

PopularBank

DECEMBER 1, 2021

Which means now might be a good time to explore alternative payment options. Costs of paying by mail vs. online and mobile banking. On the other hand, mobile and online bill pay from Popular Bank is free and available 24/7. Security and convenience of payment options. You’ve heard U.S. USPS changes delivery timelines.

Online 98

Online Mobile Fraud Boston 98

PYMNTS

DECEMBER 16, 2020

FIS, the bank software and payment technology firm, unveiled a collaboration with Quontic Bank on the Bitcoin Rewards Checking Account. The rollout makes Quontic “the first FDIC insured financial institution in the U.S. resident and non-resident global customers can open a FDIC-insured U.S. Aeldra’s U.S.

Bitcoin 157

Bitcoin FDIC Cards California 157

PYMNTS

JUNE 19, 2020

It’s the end of the work week, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have deep dives on pandemic supply chain pivots, cross-border conversion and peer-to-peer (P2P) payments. Visa, Facebook Link Up For P2P Payments, eCommerce On WhatsApp.

Payments 151

Payments United States FDIC Retail 151

PYMNTS

JULY 25, 2019

On a global stage, one size does not fit all when it comes to payments. For example, she said, some users may wish for payments to be done digitally, with speed and ease. Progress in the payments space isn’t just about what is possible … it’s determined, at least in part, by economic realities.”. Payments, on a Global Stage.

Payments 189

Payments Innovation Examples FDIC 189

ABA Community Banking

OCTOBER 19, 2020

households that are unbanked continued falling in 2019, reaching 5.4%, the lowest rate yet recorded in a biennial FDIC report. The post FDIC: Share of Unbanked Americans Reaches Record Low in 2019 appeared first on ABA Banking Journal. The share of U.S.

FDIC 56

FDIC Report Survey ATM 56

PYMNTS

OCTOBER 19, 2020

The Society for Human Resource Management (SHRM) has announced its new SHRM Payment Solution, a press release says, which will focus on faster delivery of payment to employees via electronic means. The release says the mobile app will also come with a prepaid debit card that can be used anywhere. percent in 2011, from 7.6

FDIC 140

FDIC Resources Cards Payments 140

PYMNTS

NOVEMBER 14, 2019

There’s a lot of competition to capture the $6 trillion in online payments for U.S. What new initiatives might lack in excitement, they make up for in shifting the payments conversation. According to an FDIC study , 6.5 Findings from the Federal Reserve reinforce the need for payment choice. percent of U.S.

Payments 124

Payments United States Online Google 124

PYMNTS

JANUARY 13, 2021

FDIC) and the Treasury Department have reportedly launched an inquiry into American Express Co. FDIC) and the Treasury Department have reportedly launched an inquiry into American Express Co. Revolution Payments Lowers Corporate Card Cost. Virtual Cards Drive B2B Payments Consumerization.

Cards 167

Cards Apple FDIC Samsung 167

PYMNTS

JANUARY 7, 2021

In today’s top news in digital-first banking, California FinTech Green Dot is rolling out the GO2bank mobile banking to help cash-strapped individuals, while stimulus checks are reportedly posing challenges for some users of H&R Block and TurboTax. Green Dot Introduces GO2bank To Help Cash-Strapped Consumers.

California 142

California FDIC Regional Taxes 142

PYMNTS

DECEMBER 16, 2020

The mobile bank, which was started by neo bank veterans, is seeking to reach affluent global clients with household incomes of over $100,000, according to a Tuesday (Dec. resident and non-resident international clients of Aeldra can open an FDIC-insured U.S. California-based challenger bank Aeldra has chosen i2c Inc.

United States 168

United States FDIC California Mobile 168

PYMNTS

JUNE 9, 2020

The alternate payment company said the offering is available through its app, which users can download from the Google Play Store or App Store. In October, Affirm was launching a new app to provide customers with a method to shop at nearly any store and split their payments. The Affirm Savings account comes with 1.30

FDIC 151

FDIC Millennials Google Payments 151

Independent Banker

MARCH 31, 2022

Julieann Thurlow, CEO of Reading Cooperative Bank, hopes other ICBA member banks will support the CHUCK payment network. A different kind of peer-to-peer payment service is now available, “built by community banks for community banks.”. Photo by Donis Perkins. By Katie Kuehner-Hebert. Name: Alloy Labs Alliance’s.

Community Bank 91

Community Bank Community Payments Meeting 91

Payments Source

MAY 26, 2016

Smartphones are an important window into understanding underbanked customers, the Federal Deposit Insurance Corp. said in a report released Wednesday in conjunction with a meeting of the agency's advisory committee on economic inclusion.

FDIC 64

FDIC Mobile Meeting Report 64

PYMNTS

JANUARY 10, 2019

Welcome to Five at Five, your late look at the day’s payments and commerce news. Sears is still in the bid game, a mobile banking operator thinks big and holiday sales in the U.K. FDIC) was founded in 1933 that an entire year went by without a bank going under. disappoint. US Banking Industry Had No Failures in 2018. N26 Has $2.7B

Los Angeles 128

Los Angeles FDIC Retail Maine 128

PYMNTS

JUNE 25, 2019

.” The publication noted that FinTech firms collaborating with Cross River are able to take advantage of the community bank’s Federal Deposit Insurance Corp (FDIC) membership, using the FI to connect with traditional financial and banking infrastructures without having to go through the process of securing their own FDIC licenses.

Community Bank 116

Community Bank Community Digital Banking FDIC 116

BankInovation

JUNE 3, 2020

The mobile banking startup announced a $241 million Series D today and expects to have a bank charter sometime this summer. “We We have the FDIC approval, and we’re going through the final examination […]. Varo Money is in the “last leg of the race” in getting a banking charter, according to founder and CEO Colin Walsh.

FDIC 64

FDIC Mobile Customer Experience Innovation Strategies 64

PYMNTS

MARCH 26, 2020

As part of that stimulus package , payments of as much as $1,200 will be given to individuals, and $500 per child. The remaining tens of millions, those who do not have direct deposit payment information on file with the IRS … will have to wait for the proverbial (paper) check in the mail. FDIC) has estimated that 8.4

Cards 252

Cards Course FDIC Payments 252

PYMNTS

APRIL 2, 2019

in decades, has announced that it is working with technology solutions company NYMBUS to integrate its core digital banking and payment services. Following approval by the Federal Deposit Insurance Corporation (FDIC) and Washington, D.C.’s MOXY bank , preparing to be one of the first new community banks to launch in the U.S.

Community Bank 117

Community Bank Community FDIC Washington 117

PYMNTS

MARCH 7, 2017

The report noted that so far the fund has invested in eight startups in a wide array of technologies, such as blockchain mobile payments, data analytics, financing and working capital. FDIC), U.S. The FDIC also said that the percentage of U.S. While the unbanked are numerous in Africa and elsewhere in the U.S.,

FDIC 100

FDIC Capital Fintech Analytics 100

PYMNTS

NOVEMBER 1, 2018

The ongoing struggle, supposedly existential in nature, that pits upstart, relatively young FinTech firms against arrogantly complacent banks for supremacy in this new and growing world of digital payments and commerce. And that is a bank – one with FDIC insurance and safeguards that keep their money safe.

Fintech 191

Fintech UX Mobile FDIC 191

PYMNTS

OCTOBER 29, 2018

For many in payments and the vast ecosystem that it powers, the scariest thing about Oct. The 2019 planning sessions that will mark the next 60 days will no doubt include topics of conversation about the scariest things in payments that could knock key players off their game – or turn their plans upside down.

Payments 196

Payments Google Apple Innovation 196

MyBankTracker

APRIL 27, 2021

FDIC insured. Mobile deposit (via the CIT Bank mobile banking apps). Peer-to-peer payment (such as Zelle payments received from other people). FDIC Insurance. Luckily, CIT Bank is an FDIC-insured bank, which means deposits are insured up to $250,000 per depositor per account ownership type.

ATM 52

ATM FDIC Mobile Cards 52

PYMNTS

MARCH 18, 2019

The financial institution on Monday (March 18) “began offering checkless accounts with access to its mobile app, branches and ATMs for $4.95 The accounts come with debit cards, digital payments and free check cashing, but do not allow overdrafts.”. The percentage of unbanked people in the U.S. households remain unbanked. In 2017, 6.5

America 175

America Survey FDIC System 175

PYMNTS

NOVEMBER 20, 2020

Consumers were already shifting an increasing number of their account management activities to online sites and mobile apps. Banks are legally required to file a closure notice — with the OCC, the Federal Reserve Board or the FDIC — at least 90 days in advance of a closure, and must notify customers within that same 90-day window.

Metro 222

Metro Massachusetts FDIC Trends 222

PYMNTS

NOVEMBER 30, 2018

According to The Next Web , Jared Rice defrauded investors out of $4 million after he claimed the company would become the “first decentralized banking platform” — offering FDIC -insured accounts and banking services, as well as Visa -branded credit cards and other cryptocurrency services.

blockchain 136

blockchain Bitcoin cryptocurrency FDIC 136

PYMNTS

JULY 20, 2017

The app can also be used to upload checks, like many mobile banking apps. Netspend touts the ease of signup and use: There’s no credit check requirement, no late fees and no interest payments, although cardholders will be charged an annual fee of $85, deducted after the first time they load the card.

Cards 100

Cards Austin FDIC Texas 100

Jeff For Banks

DECEMBER 10, 2023

Although one might argue that First Citizens BancShares of Raleigh is a SIFI as it climbed to the 19th largest in the country with its Silicon Valley Bridge Bank acquisition from the FDIC, and that the FDIC designated SVB as systemically important. Nasdaq: TBBK) Founded in 2000, this $7.5

Fresno 101

Fresno North Carolina Raleigh FDIC 101

PYMNTS

NOVEMBER 25, 2016

Albert is targeted at young, mobile users and aggregates all of a customer’s financial data, such as bank accounts, credit cards, property loans and investment information, all in one place. The app can also transfer money automatically from a bank to Albert Savings, which is an FDIC savings account that is part of the app.

FDIC 100

FDIC Cards Mobile Data 100

NCR

NOVEMBER 15, 2016

But while mobile banking is becoming a must-have component of community banks’ offerings, it can still trigger a reasonable question about return on investment. Will a mobile banking app really help to solve community banks’ challenges or is it just a waste of money? Solving challenges with mobile. Attracting funds.

Community Bank 40

Community Bank Community Mobile Rhode Island 40

PYMNTS

FEBRUARY 7, 2020

The Robinhood cash management feature is offered in partnership with a bank, and includes debit cards, and, critically, deposits backed by the Federal Deposit Insurance Corporation (FDIC). Earlier last year, Robinhood debuted a checking and savings product that did not have a bank partnership and ultimately was not successful.

United States 150

United States FDIC Millennials cryptocurrency 150

PYMNTS

MARCH 30, 2020

government’s $2 trillion stimulus package allows a number of entities — FDIC banks, credit unions and, most notably for this discussion, FinTechs such as Kabbage — to make loans to smaller firms. New Kabbage Payments customers start with a rate of 2.25 The urgency, and speed, of Kabbage’s situation comes even as the U.S.

Lending 151

Lending FDIC Fintech Report 151

CB Insights

JUNE 5, 2018

Payments systems vary across the globe, from cash-based economies to those driven by credit. In Kenya, anyone with a mobile phone — smartphone or not — can use M-Pesa to send money, pay for things, and access credit. LIVE briefing: Payments around the world. In contrast, mobile payments in the US have yet to catch on.

Payments 68

Payments Cards US Mobile 68

PYMNTS

JANUARY 25, 2018

In the financial services world, most buzzworthy payment innovations are frequently aimed at rendering older, physical financial concepts moot. According to Isaacson, the service is intended to offer businesses a new option to make cash payments by allowing recipients to pick them up at a nearby ATM. Given its high usage in the U.S.,

ATM 100

ATM Millennials FDIC New Jersey 100

PYMNTS

JULY 15, 2016

Amazon also said that more than one million customers used Amazon via mobile for the first time to make a purchase. iPayYou is the “only” P2P bitcoin payments method on Twitter. For all of those curious Twitter users out there, chafing at the bit to send bitcoin to their friends, this new payments method is for you.

Retail 100

Retail FDIC Bitcoin Lending 100

PYMNTS

JUNE 14, 2018

That got Brisker thinking: Although there are many useful digital payments tools on the market, there’s nothing that really replaces cash in the way we know it. While tools like Venmo, PayPal and Square have their place, Brisker said they function more like a virtual check; they’re focused on sending a payment to somebody you know.

Tools 118

Tools Virginia Cards Payments 118