American Express will limit the way its Serve customers can load money on to the “full-service” prepaid banking platform. Amex disclosed yesterday that it will no longer allow Serve customers to use non-American Express credit cards to load cash on to Serve, which is effectively an online banking service, muchRead More
Post Tagged with: "bluebird"
What was most interesting at the ranking of Top 10 online banks released yesterday by GOBankingRates.com, a Bankrate.com challenger, were the companies that did not make the list. That list included some of the more well-known e-banks. So which banks were left off? Try Simple, Bluebird, Moven, GoBank, BankMobile, CapitalOne360 and Tangerine. And, fromRead More
Green Dot may become one of the nation’s largest banks, CEO Steve Streit said in the prepaid company’s 3Q earnings call yesterday. Prepaid veteran Green Dot’s banking ambitions extend far beyond its GoBank product, which now sits beside Bluebird and other prepaid cards and alternative checking account offerings on the shelf at Walmart.
GoBank, the mobile-first bank from Green Dot Corp., is now being rolled out across Walmart’s network of more than 4,000 stores. Pictured below are GoBank checking cards on the rack of prepaid cards located next to Walmart’s financial center, where customers can cash checks and pay bills, at a Walmart location inRead More
Wondering what happened to GoBank? It turns out Walmart happened.
Investors have expressed anxiety over Green Dot’s future lately. The prepaid leader was set to renew its contract with notoriously tough negotiator WalMart in 2015. At the same time, Green Dot’s mobile bank account, GoBank, appeared to be foundering, changing its terms and conditions and going dark on its social media channels.
Apparently GoBank’s experiment letting users choose their monthly fees didn’t work out so well. GoBank has been out of action lately, not allowing new members for the past several months.
American Express released a major update to its Bluebird and Serve iOS apps yesterday to make them easier to use and perform better.
Last night as I got home from a Korean-town dinner in NYC with the Moven management team, I got a message via Facebook from Rob Findlay (Next Bank) about a recently launched Youtube video supposedly promoting the upcoming revamped TSB website – sort of a trailer for the future launchRead More
American Express, long considered the financial institution of corporate spending and the wealthy, this week released “Spent: Looking for Change,” a 40-minute documentary “about the nearly 70 million Americans locked out of traditional financial services.” The moody documentary, which follows several Americans who turn to pawn shops, check-cashing services andRead More
There are between 60 million and 100 million cash-preferring consumers in the U.S. That’s about the population of the nation’s four largest states – California, Texas, New York and Florida – combined. In April, the Federal Reserve released a paper called the “Diary of Consumer Payment Choice” (DCPC) that featuredRead More