Fioney Staff
Fioney aims to help guide you to make the best decisions when it comes to the ever changing worlds of personal and small business finance.
FinTech News
Mastercard Announces 10 FinTechs to Participate in Latest Start Path Program
by Fioney Staff
Mastercard is once again looking toward the future of FinTech, announcing the 10 startups that will join the company’s Start Path program. This year’s selected companies include: Carry1st, FISPAN, Lendio, LISNR, Mocafi, MO Technologies, Panda Remit, Paycode, Fanbank/Plink, and Subaio. These startups will participate in a six-month program where they will not only work on developing their own platforms but also explore opportunities to integrate Mastercard’s infrastructure and technologies. Reflecting...
Best of the Web
Top 10 Personal Finance Articles of the Month — October 2020
by Fioney Staff
It’s time again for one of my favorite features here on Dyer News: a look at the top 10 personal finance articles of the month. First up is something we could also use right now: early retirement. Then we'll answer a pair of financial questions. Finally, we'll round things out with a look at economic inequality as it relates to Sin City, why you should try thinking like a Millennial,...
Economic News
Unemployment Rate Falls to 6.9% as 630,000 Jobs Return in October
by Fioney Staff
Last month, it seems that more Americans went back to work. According to the latest Labor Department report, the United States economy gained 630,000 jobs in October. That's more than the 503,000 that economists surveyed by MarketWatch had anticipated. More specifically, private sector hiring reached 906,000, although a decline in government employment brought down the overall figure. Meanwhile, the unemployment rate fell one percentage point to 6.9% — significantly lower than...
FinTech News
Justice Department Files Lawsuit to Block Visa's Plaid Acquisition
by Fioney Staff
Reports that the United States Department of Justice was considering action against Visa in regards to their planned acquisition of Plaid came to fruition this morning. As TechCrunch reports, the Justice Department has filed suit against both companies on antitrust grounds. Earlier this year, Visa announced that it intended to purchase Plaid for an eye-popping $5.3 billion. Now, that deal could be in peril. For those unfamiliar, Plaid offers an...
FinTech News
Zelle Tops 1 Billion Transactions in the Past 12 Months
by Fioney Staff
When it comes to peer to peer payments, often times FinTechs such as Venmo, Square Cash, and others come to mind. Yet, one competitor has managed to grow without much fanfare: Zelle. Now, Early Warning Services, LLC (the network operator behind Zelle) announced that the service recently achieved a major milestone. According to Zelle, the platform processed more than one billion transactions between September 2019 and September 2020. That milestone-breaking...
Small Business News
BlueVine Business Banking Expands Roll Out Following Beta
by Fioney Staff
Just as FinTech banking options have changed the personal finance landscape in recent years, FinTech startups have also had an impact on small business finance. This is perhaps most evident in the lending space where companies such as OnDeck and Kabbage have made it easier for entrepreneurs to obtain capital quickly. Now another online small business lender is expanding its reach by rolling out business checking features. After launching in...
Credit Card News
SoFi Reveals Details on Rewards Credit Card
by Fioney Staff
Between 2019 and 2020, the FinTech SoFi has done an awful lot. In addition to rolling out a hybrid banking account and an investment platform, the company has also raised its profile by scoring naming rights to the Southern California stadium that's now home to the Los Angeles Rams and Los Angeles Chargers. Now, the brand has unveiled details about its next venture: The SoFi Credit Card. The SoFi Credit...