Post Tagged with: "PerkStreet FInancial"

Amex Looks Further Downmarket with Cashback Prepaid Card

Amex Looks Further Downmarket with Cashback Prepaid Card

by August 19, 2015 at 6:52 pm 2 comments

American Express announced a prepaid card with 1% cash back today, calling the card the first and only one of its kind. Debit reward cards became rarities after the Durbin Amendment slashed “swipe fees” earned by issuers in 2010. Retailers, who won out with Durbin, issued some brand-specific rewards cards, but consumersRead More

Eastern Bank Is About to Launch Its First Incubated Company

Eastern Bank Is About to Launch Its First Incubated Company

by June 15, 2015 at 11:12 am 1 comment

A modest-sized Boston bank is starting to incubate fintech startups. Eastern Bank, a $10 billion bank, is about to launch its first separate company, which was incubated and developed within the bank itself, Bank Innovation has learned. In early 2014, Eastern Bank, a mutual bank based in Boston, hired entrepreneur DanRead More