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money market accounts
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- 1Fed rate hike could boost high-yield savings returns●The Fed's interest rate hike means your high-yield savings and money market accounts could see a boost
Following the Federal Reserve's latest interest rate hike, financial experts note that high-yield savings accounts and money market accounts may offer better returns to savers. Banks tend to raise deposit rates after Fed increases, meaning customers holding cash in these accounts could earn more interest in the coming weeks.
- 2Revolut trials face-recognition payments with Pay with Smile●Revolut testet mit „Pay with Smile“ biometrisches Bezahlen per Gesichtserkennung und verknüpft dabei KYC-Daten, eigenes
Fintech firm Revolut is testing 'Pay with Smile', a biometric payment method that lets customers pay in shops using facial recognition. The system links customers' existing KYC identity data, runs on Revolut's own point-of-sale hardware, and deducts money directly from a Revolut account, bypassing cards or smartphones. Commentators note this creates a nearly closed payment ecosystem around the company, raising both convenience and privacy questions as the trial draws attention in banking and fintech circles.