Deposit Switch News Today

You can now use direct deposit switching to allow lenders to verify your income through pay stubs, bank statements and payroll data. Plaid has chosen Pinwheel to provide complementary payroll data services for customers of its Income product and has chosen the payroll-focused intermediary software firm as a preferred provider for direct deposit switching services.To enhance the Income product, Pinwheel will provide consumer-permissioned payroll data that allows lenders to verify their borrowers&...

/PRNewswire/ -- Today Pinwheel, the market-leading provider of income and employment data engineered for fintech innovation, partners with Plaid, the leading...

Pinwheel is now a Visa Ready-certified participant to more seamlessly work with merchants, financial institutions, and fintech companies to launch new use...

/PRNewswire/ -- Today, Pinwheel, the market-leading provider of income and employment data engineered for next-generation fintech innovation, announced the...

/PRNewswire/ -- Today, Pinwheel, the market-leading provider of income and employment data engineered for next-generation fintech innovation, announced the...

Income verification is white-hot right now, and Plaid wants in Fresh off the termination of its planned merger with Visa, Plaid announced Thursday a new income verification product, which it said is aimed at “improving the lending lifecycle” with payroll data. Dubbed simply Income, the new product — which is currently in beta — is designed to make it easier for people to verify their income in order to do things like secure loans, qualify for mortgages, rent apartments and lease cars, a...

Fintech Firm Plaid Introduces Deposit Switch to Automate and Streamline Account Funding Ashley Cornall, Product Manager at Fintech firm Plaid, notes that more financial platforms and services now exist than ever before to assist users with taking control of their financial wellbeing. But it might still be quite challenging for consumers to direct where their payroll funds go when choosing services that best meet their financial requirements. Cornall explains in a blog post that changing where ...