Playing a hot hand of new deals and balanced global consumer spending, Mastercard posted double-digit revenue growth for the second quarter, as announced in its earnings call Wednesday (July 31). “The macroeconomic environment remains mixed, and we continue to monitor the positives and negatives,” Mastercard...
Digital banking architecture is having a moment. Financial technology companies and consumer-facing neobanks are using it to create new features, applications and customer experiences. Regulators are focused on it as they try to make sense of their potential involvement. And as its importance spreads beyond...
Varo Bank has introduced two new products aimed at helping Americans alleviate their financial pressures. The online bank on Tuesday (March 26) announced the launch of Varo Line of Credit, along with the company’s new Smart Bank Account tools, coming at a time when consumers are finding it...
Varo Bank introduced Varo to Anyone, the digital bank’s free instant payment service. The service allows for payments from Varo Bank accounts insured up to $250,000 to be sent to anyone with a U.S. debit card, regardless of where they bank, according to a Thursday...
June 12, 2024
Digital banking architecture is having a moment. Financial technology companies and consumer-facing neobanks are using it to create new features, applications and customer experiences. Regulators are focused on it as they try to make sense of their potential involvement. And as its importance spreads beyond the chief technology officer, financial services executives need to become […]
August 06, 2024
Card issuing platform Marqeta has been named issuer-processor for online bank Varo. “Varo selected Marqeta for its ability to combine sophisticated virtual, tokenized and physical card-issuing technology with faster speed-to-market which will help its customers improve their daily relationship with money,” the companies said in a news release Tuesday (Aug. 6). The release notes that Marqeta’s platform allows Varo Bank […]
March 26, 2024
Varo Bank has introduced two new products aimed at helping Americans alleviate their financial pressures. The online bank on Tuesday (March 26) announced the launch of Varo Line of Credit, along with the...
September 21, 2023
Varo Bank introduced Varo to Anyone, the digital bank’s free instant payment service. The service allows for payments from Varo Bank accounts insured up to $250,000 to be sent to...
September 09, 2021
All-digital bank Varo Bank has closed a funding round with $510 million, according to a press release. With the new capital, Varo Bank plans to boost its customer growth and...
