PerkStreet Financial To Cease Operations

What's Next In Payments®
6:34 AM EDT August 13th, 2013

Boston-based banking platform provider PerkStreet Financial has announced that it will close down next month due to a lack of funding, The New York Times reported on August 12.

The company discontinued its perks and cash-back rewards program, and cancelled all rewards balances effective Monday.

For analysis on the announcement and to hear feedback from users, read the full Times report here.

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