Government payments rarely get discussed as financial infrastructure. They’re usually treated as administrative outputs. Benefits are approved, refunds are issued and claims are processed. For millions of households, however, the moment money actually arrives can determine whether they pay a bill on time, avoid borrowing...
Credit Karma has begun allowing individuals who don’t have a credit score to open an account and use the resources it offers to build a credit history. This is the first time the company has allowed those without a credit score to join, and it...
The Treasury Department says it is taking a closer look at certified Community Development Financial Institutions (CDFIs). The review is aimed at identifying potential violations of the law and to make sure CDFIs that receive federal assistance are properly using public money, the department said in a...
UKG, a platform for human resources, pay and workforce management, added Chime’s financial wellness suite, Chime Workplace, to its UKG Marketplace. The move makes Chime Workplace available to the 80,000 businesses around the world that use the platform, as the financial wellness suite will integrate...
Consumer financing company Synchrony aims to promote personal finance education for K-12 students with a $1 million investment in nonprofit organizations and with an employee-led effort to share financial literacy expertise. Both efforts will focus on preparing teachers and others to teach financial literacy, the...
Watch more: Latin America’s Digital Wallet Surge Forces Banks to Expand Financial Inclusion Latin America, long perceived as a region where cash was king and financial innovation moved at a deliberate and even slow pace, is now at the forefront of a profound digital transformation....
Roughly two years ago, PYMNTS Intelligence, working in collaboration with Sezzle, found that 80 million U.S. consumers lacked reliable access to credit, which means that they’d been rejected upon applying for credit at least once in the then-recent past. The read across has been that...
How can financial institutions (FIs) optimize their ATM operations? That’s the question at the heart of a new paper published Tuesday (March 18) by NCR Atleos and Datos Insights, focused on the concept of improving ATM operations through ATM as a Service (ATMaaS). “The evolution...
As one of the hottest trends in payments, embedded finance has emerged as a compelling credit proposition for consumers and businesses. The execution demands an intricate web of collaboration and technology and might even intersect with another hot concept: open banking. As Tribh Grewal, head...