As regulators draw a bead on neobanks, traditional financial institutions are acting more like neobanks. Open banking looks set to transform financial services in the United States, and the approach, in contrast to what has been seen in Europe, is market-driven rather than government-driven. A...
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...
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...
January 21, 2022
As we earn our daily bread — the money we’re paid at 9-to-5 jobs or via gig work — there are foundational units that translate into paychecks. We get paid by the hour (even salaried workers do) or by the Uber ride, DoorDash delivery or necklace sold on Etsy. Increasingly, a significant percentage of consumers […]
October 30, 2024
FinTech Pinwheel teamed with account opening solutions firm Candescent, formerly Terafina. The partnership brings Pinwheel’s direct deposit switching solution to Candescent’s bank and credit union clients, according to a Wednesday (Oct. 30) press release. “Consumers today have more accounts than ever before, banking at multiple institutions to satisfy their varying financial needs,” the release said. […]
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...
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...