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Brex Offers FDIC Insurance, Adds Chief Legal Officer

PYMNTS

Brex , the San Francisco financial technology startup, is offering FDIC insurance on its no-fee cash management account, the company announced Wednesday (July 22). The new feature in Brex Cash allows customers the choice to hold cash savings with FDIC insurance, or invest in Money Market Funds.

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BBVA To Close Simple, Move Customers Over To BBVA USA

PYMNTS

Talk Android posts a letter from the company in which it says there will be "no immediate impact" to accounts and that users don't need to do anything right now, with their funds housed in FDIC insured accounts with BBVA. And, the company says it wants to make the transition "as smooth as possible" for customers.

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Neobank Joust Raises $2.6M To Improve Freelancer Payments

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Founded by Lamine Zarrad and George Kurtyka in 2017, Joust aims to help independent professionals find more financial stability and avoid late payments amid the irregular payment system for freelance work. Our platform not only saves time, but also reduces uncertainty and mitigates the risk of late and non-payment.”.

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Ternio Integrates With Plaid To Ease Access To Crypto-Friendly Accounts

PYMNTS

“Integrating with Plaid is a big step in providing a more seamless and efficient user experience for BlockCard customers,” said Ternio Co-Founder and Chief Operating Officer Ian Kane , in the release. customers to activate their FDIC-insured BlockCard bank accounts. dollars between all of their accounts.”.

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Neobank Joust Targets Freelancers With New App

PYMNTS

The app was designed using input from customers and features an analytical dashboard, Joust Visa debit card management, invoice creation, payments and more. Feedback indicated that people wanted a “modern, streamlined user experience, ways to quickly visualize their finances, and manage clients, income and payments.” .

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BankMobile Is One Of Six New FIs To Offer Smart Digital Bank Accounts Via Google Pay

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Google’s expertise in building great user experiences and a highly-scaled and secure infrastructure is a great complement to BankMobile’s financial and regulatory expertise and its unique customer acquisition funnel in the higher education segment.”.

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Bitcoin Daily: Blockchain Phone ‘Finney’ To Debut In Dec; AriseBank CEO Handed 120-Year Prison Sentence Over $4M Crypto Scam

PYMNTS

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.