Business & Tech
Social Money Launches New Product for Businesses
The founders of SmartyPig have rolled out another product.
West Des Moines-based Social Money has developed a new product, CorePro, to help prepaid card users, payroll service providers and merchants easily integrate FDIC-insured savings accounts for their customers using their existing digital sites, the Des Moines Business Record reported.
Social Money is a subsidiary of SmartyPig, which offers goal-based online savings products.
The new CorePro application program interface is best thought of as a "Stripe.com for savings," said Mike Ferrari, founder of Social Money.
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The application also allows users to manage individual savings goals from within an individual savings account.
The savings accounts for CorePro are held by Lincoln Savings Bank, which is based in Reinbeck, Iowa.
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