Bank of America Corp. has quietly expanded its text banking service — yes, text banking service — to “support” at least three more telcos. Those telcos are Sprint, Boost, and Cincinnati Bell. BofA also added MetroPCS, which is a T-Mobile brand.
Post Tagged with: "T-Mobile"
Just as The Bancorp‘s stock was plummeting 30% after the company was hit with a Federal Deposit Insurance Corp. consent order over too-lax anti-money laundering practices in its prepaid card business, the company’s chief executive officer did something unexpected: she bought more company stock. Betsy Z. Cohen, The Bancorp’s CEO, purchasedRead 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
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
Will T-Mobile bail out of the Isis mobile wallet program now that it has launched Mobile Money by T-Mobile? That’s the question being asked by industry observers in the wake of T-Mobile’s announcement last Wednesday to launch the mobile banking initiative, which includes a mobile banking app for iOS andRead More
What will 45 million customers get you? A private-label deal with The Bancorp, apparently. Move over Simple, because starting today T-Mobile, with its 45 million customers (yes, you read that number right), is offering essentially the same banking services. This is arguably the most significant non-bank to get into bankingRead More