Payments News

On The Web

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Tech

JPMorgan to Launch Digital Bank Chase in Britain Next Week

“JPMorgan (JPM.N) is set to launch its big assault on British high street banks and online lenders from next week, with the launch of its long-planned digital retail bank Chase. The venture – JPMorgan’s first overseas retail bank – is set to launch its smartphone app initially offering current accounts on Tuesday, a JPMorgan spokesperson […]
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Tech

California Fintech MovoCash Expands Fund Transfer Options With Assistance From Fiserv

“MovoCash, a California-headquartered Fintech firm, is improving their clients’ on-demand banking experience with new money movement options supported by Fiserv, Inc. ( NASDAQ: FISV ), an international provider of payments and financial services tech. MOVO is enhancing payments by enabling clients to deposit, pay, receive, save, send and spend their funds within seconds. Additionally, customers can mint […]
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Tech

How Walgreens and Walmart’s New Banking Ventures Will Shake up Finance

“Retail banking has changed dramatically over the past several years, with the rise of digital banking and tech-forward neobanks like Dave and Chime, which pushed incumbent financial institutions to develop their own mobile-first offerings. Now this competitive market is being disrupted again by two of the country’s biggest retailers, Walmart and Walgreens. Both companies recently […]
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Tech

Looking to Grow Debit Card Usage, Oxygen Debuts a Tiered Rewards Program

“Looking to make debit cards more attractive to consumers by offering incentives that rival those found in credit card rewards and loyalty programs, Oxygen Inc., a San Francisco-based financial-services technology provider, on Wednesday introduced Elements, a tiered rewards and loyalty program for debit card holders. Rewards available through Elements include cash back on everyday purchases, […]
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Tech

Novus Partners Visa for ‘Impact-driven’ Digital Banking App

“Novus, an “impact-driven” startup has teamed up with Visa and Railsbank on a mobile application that rewards users for sustainable purchasing choices. Set to launch this summer with a 15,000 waitlist, Novus rewards its community with real-time impact points that can be spent, saved and tracked via the app.Members can choose to use the impact […]
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Deals

10x, a UK Fintech, Raises $187M to Build New Services for Old Banks

“As so-called neobanks continue to gain more traction in the market with their more modern takes on banking and other financial services, a startup that’s building technology to help incumbent players better compete is announcing a big round of funding. 10x Future Technologies , a London-based fintech that helps larger, established banks build both next-generation […]
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Tech

Standard Chartered Bank Doconomy Carbon Consumption App

“Standard Charetered has signed a contract with Doconomy of Sweden to provide customers with digital tools to track carbon dioxide emissions and freshwater consumption of goods purchased using bank credit and debit cards. The Doconomy application uses the Åland Index, introduced in 2016, to provide financial institutions with a carbon footprint calculation for all transactions. […]

On The Wires

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Tech

Scarlet™, a New Bank Account and Debit Mastercard®, Launches Exclusively at Walgreens, Promotes a Path to Financial Health, Earns Rewards on Purchases at Walgreens and Beyond

“Walgreens and InComm Payments ™, a leading global payments technology company, today announced the launch of Scarlet 1, a bank account and debit card powered by Mastercard and issued by MetaBank®, available exclusively at Walgreens. Scarlet helps make the path to financial wellness simpler than ever with Walgreens Cash rewards, as well as personal finance […]
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Domains

Passbook by Remitly Launches Suite of New Features

“Remitly , the mobile-first provider of international remittances and financial services for immigrants, today announced the launch of several new digital banking features in the Passbook by Remitly app. Remitly is rethinking how immigrants access banking services, and with the addition of new features, making the product work harder for customers. Sunrise Banks N.A. issues […]
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Tech

Atomic and Welcome Tech Launch Digital Banking Partnership for the Hispanic Community

“Atomic , the market leader in payroll APIs for direct deposit acquisition, and Welcome Tech , the largest financial services platform for the multigenerational immigrant community, today announced a partnership that extends financial services available to millions in the Hispanic community, a community that is often overlooked, yet vital to U.S. prosperity. The tactical partnership […]