Post Tagged with: "PayNearMe"

68 Million U.S. Adults Are Financially Underserved [Infographic]

68 Million U.S. Adults Are Financially Underserved [Infographic]

by December 3, 2015 at 10:28 am 0 comments

PayNearMe, which allows users to pay bills — even digital bills — with cash, serves the nation’s underbanked customers. Who are the underbanked? PayNearMe, based in Sunnyvale, Calif., lays it out in the infographic below, presented exclusively on Bank Innovation.

GoBank to Return — with Monthly Fees

GoBank to Return — with Monthly Fees

by August 19, 2014 at 10:59 am 1 comment

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.

Cash Is Still King

Cash Is Still King

by June 2, 2014 at 3:02 pm 0 comments

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

Piggy Eliminates Change — and Card Fees

Piggy Eliminates Change — and Card Fees

by April 22, 2014 at 12:05 pm 0 comments

It’s no secret merchants love being paid in cash – and it’s certainly not a surprise that some customers hate lugging around change. A new startup aims to increase customers’ cash usage to help merchants save on credit card fees. It does it by forwarding the change a customer wouldRead More

Walmart Enters P2P Space

Walmart Enters P2P Space

by April 21, 2014 at 3:27 pm 0 comments

American consumers may not go to bank branches all that often, but they sure go to Walmart. 80% of Americans are said to shop at Walmart at least once a year. America’s largest retailer debuted a service called Walmart-2-Walmart last week that allows customers to send money to other customersRead More

PayNearMe Raises Big Bucks and Scores Major Deal with Family Dollar Stores

PayNearMe Raises Big Bucks and Scores Major Deal with Family Dollar Stores

by February 10, 2014 at 1:09 pm 0 comments

$20 million? Meh. PayNearMe CEO Danny Shader is used to raising money — this was a Series E raise, after all — so the $20 million of funding his company received this week was no big deal to him. More important was the deal struck with Family Dollar stores, whichRead More

Peer-to-Peer Lending Gets Real With a P2P ATM

Peer-to-Peer Lending Gets Real With a P2P ATM

by January 10, 2014 at 3:48 pm 4 comments

Need cash but the bank account’s empty? No problem, try the ATM — the peer-to-peer (P2P) ATM, that is. Crowdfunding and P2P lending have become mainstream concepts. Kickstarter is practically a household word and Venmo is plastered all over the New York subway system. In the coming months, a company calledRead More

PayPal Takes a Deeper Dive into Brick and Mortar with MoneyGram Deal

PayPal Takes a Deeper Dive into Brick and Mortar with MoneyGram Deal

by August 8, 2013 at 11:04 am 0 comments

PayPal deepened its investment in the world of brick and mortar with a MoneyGram partnership, announced yesterday, that allows PayPal account holders — all 120 million of them — to deposit and withdraw cash at one of MoneyGram’s 47,000 locations nationwide. Sounds like a low-cost way to build a branch networkRead More

GoBank Introduces University Initiative and Spokeswoman Bethany Hamilton

GoBank Introduces University Initiative and Spokeswoman Bethany Hamilton

by July 31, 2013 at 9:38 am 2 comments

GoBank, the mobile-first bank account from Green Dot Corp., has already made some bold marketing moves, and added to them yesterday with the unveiling of a new student-centric marketing effort and the introduction of spokesperson Bethany Hamilton. GoBank made the disclosures during Green Dot’s second quarter earnings call. GoBank’s marketingRead More

VIDEO: Pay a Bill with Western Union’s WU Pay

by June 18, 2013 at 9:56 am 0 comments

WU Pay is part of Western Union’s strategy to catch up in payments. Customers can use WU Pay for online purchases, then fund that payment by handing over cash at one of Western Union’s 44,000 locations. Now Western Union is opening up WU Pay to online bill pay, all fundedRead More