Today In Digital-First Banking: FIS Fuels Rollout Of Quontic Bank Crypto Rewards Account; Aeldra Selects i2c To Power Private Banking Services

In today’s top news in digital-first banking, FIS is working with Quontic Bank on the Bitcoin Rewards Checking Account, while Aeldra has chosen i2c Inc. to power its digital private banking offerings. Plus, Barclaycard is launching a Barclaycard Precisionpay Go system to let companies issue virtual cards for the online business expenses for employees.

FIS Powers Launch Of Quontic Bank’s Bitcoin Rewards Account

FIS, the bank software and payment technology firm, unveiled a collaboration with Quontic Bank on the Bitcoin Rewards Checking Account. The rollout makes Quontic “the first FDIC insured financial institution in the U.S. to go live with a Bitcoin Rewards debit card,” according to an announcement. In addition, financial services company NYDIG is collaborating with Quontic to offer the custody platform that will be harnessed to manage the crypto rewards.

Aeldra Taps i2c To Enable Global Banking Services

Aeldra, the California challenger bank, has selected i2c Inc. to fuel its online private banking offerings. The mobile bank is aiming to reach high-net-worth international customers that have household incomes in excess of $100,000. Aeldra’s U.S. resident and non-resident global customers can open a FDIC-insured U.S. account with a Global Mastercard Debit Card in a matter of minutes through a mobile device.

Barclaycard Debuts New Virtual Card Platform

Barclaycard is rolling out a Barclaycard Precisionpay Go system to enable firms to issue virtual cards for the online business expenditures of staffers. The new service, which is available to new and current Precisionpay clients, allows staffers to ask for cards to be delivered to their mobile phones so they can immediately make payments without having to travel to an office or be at their home desk.

Goldman Sachs: Some 90 Pct. Of Businesses Have Depleted PPP Monies

Small companies that Goldman Sachs recently polled indicated that small and mid-sized businesses (SMBs) very much require another iteration of Paycheck Protection Program (PPP) funding. Goldman recently ran a poll of firms that took part in the 10,000 Small Businesses initiative that helps to offer education and capital to entrepreneurs.