For platforms and neobanks, establishing direct deposits with end users offers an on-ramp to cross-selling opportunities and a wealth of additional revenue streams. The momentum has been underscored in recent earnings reports and announcements surrounding new products and services. The automated transfer of funds into...
Bankjoy and Pinwheel have partnered to help financial institutions offer their customers a frictionless way to set up their direct deposit. With this collaboration, Bankjoy will help its bank and credit union clients integrate Pinwheel’s digital deposit switching (DDS) solution, Pinwheel Prime, the companies said in a Tuesday (April...
SoFi Technologies said in its latest earnings report that it had seen significant growth in cross-selling activity, and noted that the vast majority of its SoFi Money deposits came from direct deposit members. The company said Monday (Jan. 29) net new member adds of nearly...
Consumers are getting fewer disbursements this year, PYMNTS Intelligence data shows. However, that may be due to consolidation, not because they are getting less. Consumer disbursements include earnings and income payments, Social Security payments, tax refunds, insurance claims or loan disbursements, among others. According to...
August 19, 2024
The transportation industry is a high-speed world of logistics and delivery, where efficiency and speed are paramount. Yet, the methods by which many transportation businesses conduct financial transactions are not moving at the same pace. A recent PYMNTS Intelligence report, “Moving Faster Than Ever: Real-Time Payments in the Transportation Industry,” in collaboration with The Clearing […]
August 08, 2024
For platforms and neobanks, establishing direct deposits with end users offers an on-ramp to cross-selling opportunities and a wealth of additional revenue streams. The momentum has been underscored in recent...
August 30, 2021
As the delta variant and an increase in COVID-19 cases push health and safety concerns back into the forefront, both government entities and private employers alike are turning to new...
April 28, 2020
The coronavirus pandemic has left consumers staying home when possible to stop the virus’s spread. It has also made them wary of taking on debt because their financial circumstances could...
April 16, 2024
Bankjoy and Pinwheel have partnered to help financial institutions offer their customers a frictionless way to set up their direct deposit. With this collaboration, Bankjoy will help its bank and credit union clients integrate Pinwheel’s digital deposit switching (DDS) solution, Pinwheel Prime, the companies said in a Tuesday (April 16) press release. “Removing the friction during the deposit switching setup […]
August 17, 2023
Plaid says it has added income and employment data platform Pinwheel to its partner network. The partnership, announced Thursday (Aug. 17), will see Pinwheel provide complementary payroll data services for...
March 20, 2023
Income and employment data platform Pinwheel is upgrading its direct deposit offering. The company announced in a Monday (March 20) press release the launch of Deposit Switch 2.0, which it...
February 13, 2023
Digital banking company DCI has teamed with Atomic to offer consumers easier direct deposit access through their banks. The partnership announced in a Monday (Feb. 13) news release, will let DCI customers tap into account...
