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Big Banks See Success in P2P Payments with Zelle

Overall the increasing success of Zelle once again highlights the ability for traditional banks and FinTechs to coexist in harmony. In this particular case having big banks jump on board the P2P bandwagon seems like it could lead to a larger embrace of financial technologies across the board.

PayPal Introduces Banking Features Including Debit Card, Check Deposit

PayPal has been adding a number of features, including FDIC insurance on funds, debit cards that can be used for ATM withdrawals, direct deposits for payroll checks, and the ability to deposit paper checks by uploading photos of them.

Upgrade Unveils "Personal Credit Line" to Take on Credit Cards

Upgrade's Personal Credit Lines somewhat resemble HELOCs (home equity line of credit) except that they don't require borrowers to tap their homes for collateral. Instead borrowers are approved for an amount up to $50,000 and can choose how much they'd like to take out at any time, only paying interest...

Stripe Introduces New Subscription Billing Tool

Considering how many businesses are adopting or looking to adopt a subscription model, it makes sense that a FinTech company like Stripe would take a swing at simplifying the process and allowing smaller startups to jump on board.

Credit Cards Issuers to Stop Requiring Signatures for Transactions

While it might not be a life-changing shift — especially since Mastercard says 80% of North American transactions were already exempt from signature verification — this move should have positive effects for both consumers and merchants.

The Lose-Lose Banks Have with Identity Verification

Banks have been working to enhance their security and verification — especially as more and more customers do their banking online and on mobile phones. While they may be effective in preventing fraud, some of these methods have also proven pain points for consumers, putting banks in a lose-lose situation.

Affirm Introduces Apple Pay Virtual Card Capabilities for Loans

Affirm says it prides itself on being transparent about their fees. They explain, "Unlike payment options that have compounding interest and unexpected costs, Affirm shows customers upfront exactly what they’ll owe — with no hidden fees and no surprises." As a result Affirm's Apple Pay integration could be a big...

Celsius Looks to Disrupt P2P Lending with Crypto Twist

Celsius says it's "building a P2P decentralized lending & borrowing platform" that will not only allow users to borrow against their cryptocurrency holdings but also earn interest for keeping their coin on the platform. As their site explains, users will be able join the lending pool by adding their cryptocurrency...