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PayPerks Blog


Meet Helen, PayPerks for Direct Express user, who shares what the card and our education has done for her

It's April again, which means another celebration of Financial Capability Month and everything that we do at PayPerks for our financial partners, including PayPerks for Direct Express. After the success of our Ray and Dawn profile videos, our partners at Comerica & Mastercard engaged us to meet with and interview more Direct Express cardholders & PayPerks for Direct Express users. We found no shortage of individuals willing to share their amazing stories with us, and this month, we highlight…

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Meet Don, PayPerks for Direct Express user, and see how he lives with his card & PayPerks

Welcome to the first of two stories we bring to you for this year's Financial Capability Month . Meet Don, a Direct Express cardholder & PayPerks user, who lives a life of service to those around him in his neighborhood. We spent a wonderful afternoon with Don, talking about his card, the handywork he does, his life story, and how he manages his money smartly. All of our user impact videos are available on our Impact page.

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US Treasury re-awards Direct Express program to Comerica Bank with PayPerks as financial capability/health solution

Today the U.S. Department of the Treasury’s Bureau of the Fiscal Service announced the selection of Comerica Bank as the financial agent for the Direct Express® prepaid debit card program . The new agreement is for five years, beginning in January 2020. Comerica Bank has been the financial agent for the program since inception of the program in 2008. You can read the full announcement here . As noted in the release: Fiscal Service looks forward to continuing to build on the success of the…

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Meet Ray, a PayPerks for Direct Express user, who shares how his life changed after an accident

Direct link to this video: https://youtu.be/OjjMLrhBkSk This video is the second release in a project we have embarked on to document the impact of the products provided by our partners and the education and motivation provided by PayPerks for those products. In this case, we are focusing on the Direct Express ® card, the mobile app for that card, and PayPerks for Direct Express ® , which together helped Ray to fundamentally rethink how he manages his finances after an accident which took…

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Dawn, a PayPerks for Direct Express user, shares her story on FinHealthMatters Day

We are very excited to share this post with you today because not only is it Financial Capability Month , but today is also CFSI ’s celebration of #FinHealthMatters Day , something we celebrate every day. You can read more about CFSI's approach to the day here . In celebration of the day, we invite you to meet Dawn and witness her incredible story of transformation: Direct link to this video: https://www.youtube.com/watch?v=zicChYIBtIw This video is the first release in a project PayPerks…

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PayPerks assists with the launch of the Direct Express® DX mobile app

Since we launched PayPerks ® to provide financial education for cardholders in the U.S. Treasury's Direct Express ® Debit MasterCard ® card program several years ago, nearly 700,000 of those cardholders have registered for PayPerks, accessing the program through either a computer or mobile device. So, when we were invited to collaborate with the U.S. Treasury, Comerica Bank, MasterCard ® and Xerox on the strategy and marketing of the new Direct Express ® DX ℠ mobile app , we were excited…

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Next up - PayPerks to help improve nutrition capabilities

According to the most recent data reported by the Food Research and Action Center (FRAC) , more than 47 million Americans receive Supplementary Nutrition Assistance (SNAP - the program formerly known as food stamps) to help remedy food scarcity issues in the home. The amount of the benefit varies depending on the number of folks in the household but we’re talking roughly $150/person/month or ~$5 per day. While this stipend is meant to be "supplementary", the reality is that, for many…

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A look back and a peek forward for PayPerks

We started PayPerks, six years ago now, based on the insight that sweepstakes-based rewards resonated with underserved consumers and behaviors could be nudged by associating a chance to win a cash prize with desired behavior-improving actions. And given that education is often a key component of behavior change, we knew an important action to incentivize was simply learning about how to change one’s behavior. While our model had many applications, we decided to start with changing financial…

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PayPerks Op-Ed in Paybefore - Prepaid and Financial Capability should grow closer together

Yesterday, Paybefore published an op-ed written by PayPerks CEO, Arlyn Davich, and PayPerks Director of Partner Development & Consumer Impact, Rob Levy: Viewpoint: Prepaid and Financial Capability Have Grown Up; Now They Should Grow Closer . If you don't want to click the above link to read the whole article, the key point is summarized below in these two paragraphs: For prepaid, the timing couldn’t be more prescient. As the rapid pace of industry growth over the past five years slows down…

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PayPerks CEO Arlyn Davich to speak on Federal Reserve Bank of St. Louis webinar on innovations in financial capability and engagement

NOTE: Now that the webinar has happened, you can view the presentation or listen to the audio recording of the webinar from this link here . Register for what will be an interesting webinar hosted by the Federal Reserve Bank of St. Louis featuring PayPerks CEO Arlyn Davich . The webinar, Innovations that Enhance Financial Capability and Engagement , will be held from 2-3:15 PM Central Time on October 2nd . It is free to attend but requires an RSVP here . Arlyn has been invited by the Fed…

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