SoFi Technologies said in its latest earnings report that it had seen significant growth in cross-selling activity, and noted that the vast majority of its SoFi Money deposits came from direct deposit members. The company said Monday (Jan. 29) net new member adds of nearly...
Consumers are getting fewer disbursements this year, PYMNTS Intelligence data shows. However, that may be due to consolidation, not because they are getting less. Consumer disbursements include earnings and income payments, Social Security payments, tax refunds, insurance claims or loan disbursements, among others. According to...
Plaid says it has added income and employment data platform Pinwheel to its partner network. The partnership, announced Thursday (Aug. 17), will see Pinwheel provide complementary payroll data services for Plaid’s Income offering, while providing Plaid users with direct deposit switching (DDS) services. “The most...
Income and employment data platform Pinwheel is upgrading its direct deposit offering. The company announced in a Monday (March 20) press release the launch of Deposit Switch 2.0, which it said will let consumers update their deposit settings to receive direct deposits, whether they’re a...
August 30, 2021
As the delta variant and an increase in COVID-19 cases push health and safety concerns back into the forefront, both government entities and private employers alike are turning to new strategies to promote vaccination among their workforces. The Dallas Independent School District in Texas announced earlier this month it would offer its teachers, custodians or […]
April 28, 2020
The coronavirus pandemic has left consumers staying home when possible to stop the virus’s spread. It has also made them wary of taking on debt because their financial circumstances could...
April 09, 2020
The global spread of the new coronavirus has had a wide and varied impact on the way that both consumers and businesses think about transacting with each other as well...
March 31, 2020
By all reasonable measures, the first three months of 2020 have been a wild ride. The novel coronavirus has exploded into a global pandemic that has caused tens of thousands...
April 16, 2024
Bankjoy and Pinwheel have partnered to help financial institutions offer their customers a frictionless way to set up their direct deposit. With this collaboration, Bankjoy will help its bank and credit union clients integrate Pinwheel’s digital deposit switching (DDS) solution, Pinwheel Prime, the companies said in a Tuesday (April 16) press release. “Removing the friction during the deposit switching setup […]
August 17, 2023
Plaid says it has added income and employment data platform Pinwheel to its partner network. The partnership, announced Thursday (Aug. 17), will see Pinwheel provide complementary payroll data services for...
March 20, 2023
Income and employment data platform Pinwheel is upgrading its direct deposit offering. The company announced in a Monday (March 20) press release the launch of Deposit Switch 2.0, which it...
February 13, 2023
Digital banking company DCI has teamed with Atomic to offer consumers easier direct deposit access through their banks. The partnership announced in a Monday (Feb. 13) news release, will let DCI customers tap into account...
