Payments News

On The Web

nbsp;

Tech

Google’s Redesigned Digital Wallet Tries to Make Payments Feel More Personal

“Alphabet Inc.’s Google is trying to draw more people to its payment app and keep them there longer with features such as a reward system, new financial management services and a format for listing payments that evokes text-message conversations. The Google Pay app will eventually offer Plex, mobile checking and savings accounts being introduced by Google […]
nbsp; nbsp; nbsp; nbsp;

On The Wires

nbsp;

Tech

70% of Bank of America Clients Engaging Digitally for More of Their Financial Needs

“Surge in digital engagement – Today, approximately 70% of Bank of America consumer client households and small business clients and 77% wealth management client households are digitally active. Bank of America clients deposited 160 million checks using the mobile banking app in 2020. Last year, 84% of deposits were made through the company’s automated channels (mobile, […]
nbsp; nbsp;

Tech

DoorDash & Payfare Partner To Launch DasherDirect Visa Card & Mobile Banking App

“DoorDash (NYSE: DASH ) and Payfare are pleased to announce the launch of the DasherDirect platform, a banking solution for DoorDash delivery drivers (Dashers) offering a Business Prepaid Visa Card and mobile banking app. This marks DoorDash’s first-ever financial platform for Dashers, providing them with exclusive new rewards and more flexibility and control over their earnings.”
nbsp;

Tech

BankMobile Technologies, a Subsidiary of Customers Bank, and Megalith Financial Acquisition Corp. Agree to Combine to Bring a Digital Banking Platform to the Public Market Under the New Name BM Technologies

“BankMobile Technologies, a subsidiary of Customers Bank, and one of America’s largest digital banking platforms, and Megalith Financial Acquisition Corp (“MFAC”), a special purpose acquisition company, announced today that they have entered into a definitive merger agreement.  Upon closing of the transaction, the combined company (the “Company”) will operate as BM Technologies Inc. and expects […]
nbsp;

Deals

Neat, a FinTech Alternative to Banks, Raises USD11M to Fuel International Expansion

“Neat, a Hong Kong-based FinTech company offering modern financial solutions to SMEs and startups, today announced raising a USD11 million Series A funding round. Pacific Century Group (PCG) led the round with participation from Visa, and MassMutual Ventures Southeast Asia, among others.  With the investment, Neat plans to continue its international expansion to support businesses that trade across borders.  Neat’s vision […]