Priority has introduced enhancements to the Passport product within its banking and treasury solutions platform. Among the changes announced by the unified commerce company Monday (Sept. 23) is an offering called Cash Builder, an FDIC-insured savings account that lets customers passively earn money on idle funds. “Passport Cash...
For Klarna, buy now, pay later (BNPL) may serve as an onramp toward building a wider financial ecosystem tied to its app — and perhaps, will give banks a run for their money (literally). The company said in a blog post on Thursday (Aug. 15)...
Consumers are reportedly taking legal action after allegedly being deceived by their banks’ savings offerings. As The Wall Street Journal (WSJ) reported Sunday (Feb. 25), these customers say their banks advertise high-yield accounts while paying longtime customers lower rates. In some instances, the report said,...
European neobank bunq has added cash-back and savings bonuses to its offerings designed for digital nomads. bunq now offers 1% cash back on food and drinks to Easy Money and Easy Green users, and 2% back on public transportation to Easy Green users, the company...
August 19, 2024
For Klarna, buy now, pay later (BNPL) may serve as an onramp toward building a wider financial ecosystem tied to its app — and perhaps, will give banks a run for their money (literally). The company said in a blog post on Thursday (Aug. 15) that it would debut personal accounts for its users, and, […]
June 26, 2023
In May 2023, the Federal Reserve released the Economic Well-Being of U.S. Households in 2022, the latest edition of an annual report often used to measure financial well-being. Since 2013,...
January 05, 2023
Banks risk losing customers to neobanks — and a key battleground may lie with savings accounts. And in that case, the advantage may go to the traditional financial institutions (FIs),...
August 13, 2018
Oh, Canada? A good market to be in for FIs seeking to create digital only banks, if you get the rates right, the timing right and do the fine tuning...
November 01, 2024
Capital One disclosed Thursday (Oct. 31) that it could face an enforcement action by the Consumer Financial Protection Bureau (CFPB) regarding its introduction of a new savings account product with a higher interest rate than its existing savings account products. The regulator sent the bank a Civil Investigative Demand in August after Capital One was […]
September 23, 2024
Priority has introduced enhancements to the Passport product within its banking and treasury solutions platform. Among the changes announced by the unified commerce company Monday (Sept. 23) is an offering called Cash Builder,...
February 25, 2024
Consumers are reportedly taking legal action after allegedly being deceived by their banks’ savings offerings. As The Wall Street Journal (WSJ) reported Sunday (Feb. 25), these customers say their banks...
July 18, 2023
European neobank bunq has added cash-back and savings bonuses to its offerings designed for digital nomads. bunq now offers 1% cash back on food and drinks to Easy Money and...
