May 15, 2024
Chime to Add Earned Wage Access Offering to Banking App
Chime will soon add an earned wage access offering called MyPay to its banking app. The FinTech company has opened a waitlist for MyPay and will begin onboarding “soon,” according...
May 14, 2024
44% of Millennials Used Non-Bank FIs in 2023, Leading All...
In researching PYMNTS Intelligence’s “Meeting the Demand for Instant Ad Hoc Payments,” a collaboration with Ingo Payments, we found the volume of instant, nonrecurring ad hoc payments has risen 28% since...
May 14, 2024
Lyft Extends 70% Pay Standard to Drivers Nationwide
Ride-hailing platform Lyft said it wants to lift its driver’s earnings. Earlier this year, the company introduced a new standard for drivers, ensuring they will always earn 70% or more on fares per week, after...
May 13, 2024
Uber, Lyft Head to Court as Massachusetts Challenges Driver Classification
Uber and Lyft are facing a trial in Massachusetts over allegations that they misclassified their drivers as independent contractors instead of employees. The trial is part of a larger legal...
May 13, 2024
MoneyLion: On a Mission to Become the Expedia of Financial...
It has been a wild ride for many companies that come under the heading ‘“FinTech.” Case in point: MoneyLion. Just a year ago the company was a neobank struggling under...
May 07, 2024
Oscar Health: Gig Workers Drive Record Jump in ‘Obamacare’ Enrollment
Insurance platform Oscar Health recorded its first-ever net profit amid record customer enrollment in Affordable Care Act plans. During an earnings call Tuesday (May 7), CEO Mark Bertolini said that total plan membership was up...
May 06, 2024
Massachusetts Supreme Court Deliberates On Ballot Redefining Gig Worker Status
The Massachusetts Supreme Judicial Court convened in Boston to deliberate on whether two ballot proposals aiming to redefine the status of app-based workers should be presented to voters in November....
May 06, 2024
JPMorgan Offers Faster Domestic Payments Via Visa Direct
J.P. Morgan and Visa have teamed to offer faster domestic payments via Visa Direct. The collaboration, announced Monday (May 6) is designed to improve merchant experiences and empower cardholders for customers of J.P. Morgan Payments....
May 02, 2024
Chase’s New SMB Offerings Point to Appeal of Ad Hoc...
In B2B interactions, faster payments — especially ad hoc payments — may prove to be a competitive advantage. PYMNTS Intelligence found that non-recurring payments represent roughly a quarter of total accounts payable volume. One-third...
