Post Tagged with: "savings"

Walmart Uses Prizes to Help Its MoneyCard Customers Save

Walmart Uses Prizes to Help Its MoneyCard Customers Save

by December 15, 2016 at 3:05 pm 1 comment

Walmart, in partnership with Green Dot, today announced “Prize Savings,” a cash rewards savings program conducted through its Walmart MoneyCard product. Walmart and Green Dot, which issues the retailer’s cards, partnered with national organization Commonwealth on the offering, a firm which has created PLS (Prize-Linked Savings) programs that have generatedRead More

Moven Provides Savings Path for First-Time Savers

Moven Provides Savings Path for First-Time Savers

by December 12, 2016 at 11:44 am 1 comment

Confused about how much of your paycheck to stash in your savings account? The three-to-six months-worth of expenses rule may not be the most optimal solution anymore. So, mobile-first Moven came up with its own solution to provide customers with a personalized savings path. The new feature, Moven Smart Savings account,Read More

Can Friends and Family Help Customers Save Money?

Can Friends and Family Help Customers Save Money?

by September 16, 2016 at 10:27 am 0 comments

Saving isn’t sexy, and more to the point, it doesn’t earn banks as much money as spending does–at least in today’s near-zero interest rate environment. The recent Wells Fargo scandal over unauthorized account openings and the fees that followed them shines a spotlight on a longstanding problem for retail banking: banksRead More

Startup Hip Money Launches Kickstarter to Raise (Social) Capital

Startup Hip Money Launches Kickstarter to Raise (Social) Capital

by May 18, 2016 at 12:05 pm 0 comments

Crowdfunding is itself a fintech innovation, yet few fintech startups have tapped it for funding. (Unless you count 195 takes on the “slim wallet” to be fintech — sheesh!) Savings startup Hip Money, an offshoot of Lincoln, Neb.-based Hip Pocket, is taking to Kickstarter not just to raise money, but toRead More

Hip Pocket Launches Hip Money, a PFM Savings Tool

Hip Pocket Launches Hip Money, a PFM Savings Tool

by October 12, 2015 at 12:44 pm 1 comment

It’s no secret Americans aren’t great at saving, and the financial services community — belatedly — is rolling out new solutions to help. There are startups like Dyme and Digit that help simplify the savings process; neobanks like Simple and Moven that provide sophisticated budgeting tools to help plan for purchasesRead More

Moven Stresses Financial Planning in New Video

by June 12, 2015 at 2:00 pm 0 comments

Where Simple went for sentiment, Moven goes for laughter. The banking service’s new video, released Monday, shows a pair of millennials making plans — or, not making plans — for the future. The ad is subtle in that it doesn’t show the actual features Moven users have at their disposal, butRead More

Simple Shows Off Goals, Tugs Heartstrings [VIDEO]

by May 19, 2015 at 5:03 pm 1 comment

Simple shows off its savings goals in an effective and emotional video, released today. Simple, a branchless bank account, was bought by BBVA in 2014 for $117 million.

Social Money’s New Savings Tool Already Gaining Customers

Social Money’s New Savings Tool Already Gaining Customers

by October 10, 2014 at 3:47 pm 0 comments

There’s no secret how challenging it is to make money off of low-balance, “free-checking” customers. (Just ask M&T.) But Social Money‘s president, Scott McCormack, thinks he has a pretty good solution under his roof, and soon he’ll have the clients to prove it. One client is slated to sign ontoRead More

How Any Company Can Now Become a Bank

How Any Company Can Now Become a Bank

by April 29, 2014 at 11:20 am 0 comments

A newly unveiled service now lets any company offering “banking.” Prepaid player Synchology and savings platform provider Social Money have come together to offer a bank-like product that brands can sell to their customers. The “integrated financial services product” features a Visa prepaid debit account, goal-based savings, a rewards programRead More

5 Drivers of Growth for Prepaid Cards

5 Drivers of Growth for Prepaid Cards

by May 8, 2013 at 12:01 pm 2 comments

Call it the Year of the Prepaid Card. It is estimated that prepaid purchase volume will top $150 billion this year and is expected to grow $45 billion over the next five years, according to Javelin Research & Strategy. Between 2009 and 2012 consumer use of prepaid cards grew 71%. So whatRead More