“Ethoca, a Mastercard company, is leveraging an industry-leading network, collaborative technologies, and deep relationships with payments stakeholders around the world to help businesses satisfy the growing demand for improved digital experiences. With its newly introduced Consumer Clarity™ solution (formerly Eliminator), Ethoca not only delivers greater transparency and trust into what consumers have bought, but helps businesses better connect with customers via one of their most trusted and highly frequented channels – their digital banking applications.”

“Alphabet Inc.’s Google is trying to draw more people to its payment app and keep them there longer with features such as a reward system, new financial management services and a format for listing payments that evokes text-message conversations. The Google Pay app will eventually offer Plex, mobile checking and savings accounts being introduced by Google in partnership with 11 banks and credit unions.”

“Flux , the London fintech that has built a technology platform for banks and merchants to power itemised digital receipts and more, has seen its lengthy pilot with Barclays bear fruit. Announced formally today — but actually quietly rolled out a few months ago — Flux-powered digital receipts are now available as an opt-in for all U.K. Barclays debit card holders within the bank’s main mobile banking app. Previously, the functionality was only available within the Barclays Launchpad app, which is available for customers that want to try out experimental or upcoming features.”

“Surge in digital engagement – Today, approximately 70% of Bank of America consumer client households and small business clients and 77% wealth management client households are digitally active. Bank of America clients deposited 160 million checks using the mobile banking app in 2020. Last year, 84% of deposits were made through the company’s automated channels (mobile, online and ATMs), up from 78% the prior year.”

“Chase today released the findings of its national Digital Banking Attitudes Study—a survey of 1,500 consumers on their use and preferences with banking digitally. Consumers of all ages said that these tools save time and are a safe and easy way to manage their finances from anywhere.”

“DoorDash (NYSE: DASH ) and Payfare are pleased to announce the launch of the DasherDirect platform, a banking solution for DoorDash delivery drivers (Dashers) offering a Business Prepaid Visa Card and mobile banking app. This marks DoorDash’s first-ever financial platform for Dashers, providing them with exclusive new rewards and more flexibility and control over their earnings.”

“BankMobile Technologies, a subsidiary of Customers Bank, and one of America’s largest digital banking platforms, and Megalith Financial Acquisition Corp (“MFAC”), a special purpose acquisition company, announced today that they have entered into a definitive merger agreement.  Upon closing of the transaction, the combined company (the “Company”) will operate as BM Technologies Inc. and expects to be listed on the NYSE. The transaction reflects an enterprise value for the Company of $140 million.”

“JPMorgan JPM -0.55% Chase & Co. is killing an experiment to attract younger customers to a new digital-banking app a year after making it available nationwide. The nation’s largest bank began informing clients Thursday that it is shutting down Finn, the no-fee banking brand designed to meet the financial needs of younger consumers, and transferring their funds to new Chase checking and savings accounts. It is a quick about-face for a product JPMorgan hoped would help it lure new customers to its online and mobile banking options, a hot spot of competition among the nation’s banks and financial-technology startups.”

“Card Controls allows consumers to set spending limits, create transaction alerts, specify merchant categories such as food, gas or entertainment, and define regions where the card can be used. Consumers can also disable certain locations or merchant categories from spending. Additionally, the on-and-off switch provides a fast method to secure an account if the associated debit card is ever lost or stolen. “

“Mobile and online platforms are now the most common way Americans access their bank accounts, but some still prefer the branch, according to new research from the American Bankers Association. The survey of 2,201 adults found that 72% most often access their bank accounts online or via mobile platforms, compared to 18% who said they do most of their banking transactions in person at a branch.”

“Starling Bank has signed a contract to provide payment services to support the digital bank ambitions of RBS and NatWest.  As we reported in April, this is for RBS’s new digital platform, which is under development. It is not known how much RBS will pay Starling for the use of its infrastructure, but Starling will also benefit from efficiencies of scale. The banks declined to comment.”

“Consumers want banks to do more than just hold their money. They want their banks to help them meet their financial goals. In fact, a new consumer report by CSI shows that 83% of American consumers agree with that statement. That number jumped to 87% for consumers with an annual household income of $100,000 or more, suggesting that these consumers don’t just want their banks to help them meet their financial goals, but also tell them how to do it.”