LONDON — British challenger bank Monzo‘s new customer acquisition rate appears to be hockey-sticking. Tom Blomfield, co-founder of the new bank, told Bank Innovation today here that Monzo’s weekly — yes, weekly — debit-card customer growth rate hit 8.7% last month. Blomfield said Monzo, known as Mondo until August, nowRead More
Post Tagged with: "debit cards"
Debitize, a startup helping millennials build credit without using credit (we’ll explain), reached a significant milestone last week and released a new product this week. The milestone is $1 million “debitized.” Users of the service essentially treat credit cards as if they were debit cards, and pay off balances through Debitize beforeRead More
Simple is often held up as a paradigmatic digital bank. After all, it was one of the first digital-only banking concerns in the world. Which is why it is somewhat surprising to learn that the banking venture, now a subsidiary of BBVA, does not use its rich data for somethingRead More
It’s hard to get millennials to open bank accounts. What do they need bank accounts for with all the great prepaid cards and other options out there? Boston-based First Trade Union Bank, already known for working with LevelUp on its payments app, is now partnering with SmarterBucks to produce a debit card that helps pay down student loans.
American Express released a major update to its Bluebird and Serve iOS apps yesterday to make them easier to use and perform better.
An influential trade group today warned traditional banks that prepaid is likely to be the future engine behind mobile wallets.
Stuck with an unwanted or useless gift card this holiday season? All is not lost. Gift card exchanges can help recover some value from that piece of plastic either by buying it outright or connecting the seller with potential buyers, even though increasingly gift cards are digital items. This videoRead More
Myze Myze was created to solve the problem of missing out on deals, both rewards on cards and discounts in the world around us. Using geolocation, consumer account data and user preferences, Myze alerts users to the best nearby deals. The average consumer misses out on as much as $450Read More
In a video posted today, Moven emphasizes the personal financial management (PFM) aspects of its mobile app, last updated June 20, 2013. Moven’s website says its doors are now open and allows users to request invites via Facebook or email. (“Enter your email to get in line.”) Moven competitor GoBankRead More
Personal finance and payments company Pageonce has expanded its bill pay capabilities with its March 10 iOS update. The Android update was released March 7. The service now allows card-to-card payments, meaning customers can pay credit card bills using a debit card. Whenever Pageonce touches credit cards, however, there areRead More