LEHI, Utah, Feb. 17, 2022 /PRNewswire/ -- MX, the
financial data platform and leader in modern connectivity, and
H&R Block (NYSE: HRB) promote greater financial inclusion with
the launch of the Spruce mobile banking platform. With data
enhancement from MX, Spruce empowers consumers with greater
transparency into how they spend, save, and manage their money, and
support to reach their financial goals. Spruce is issued by
MetaBank, N.A.
"MX's data will enhance the customer experience of our Spruce
mobile banking platform," said Les
Whiting, H&R Block
Financial uncertainty is one of the biggest sources of stress
for American families. More than 30% of Americans would struggle to
come up with $400 for an unexpected
expense, according to a recent Federal Reserve survey. The Spruce
mobile banking app is designed to help people who want to be good
with money.
"MX's data will enhance the customer experience of our Spruce
mobile banking platform and provide the visibility and insights
customers need into their finances," said Les Whiting, Chief Financial Services Officer,
H&R Block. "MX's data enhancement capabilities are an important
feature of the Spruce mobile banking platform. Helping
customers see where they are spending their money is one positive
step in helping them be better with their money management."
Spruce combines the best features of leading neobanks and
H&R Block's trusted expertise with MX's industry-leading data
enhancement tools. Powered by MX's data enhancement, Spruce
customers will have a detailed view of their spending history with
merchant names and locations so they can immediately see what they
purchased, when, and from where.
"H&R Block helps millions of Americans every year with their
tax returns. This is the next step and we're excited to partner
with them for the launch of Spruce," said Nate Gardner, Chief Customer Officer, MX. "MX
and H&R Block share a vision of helping customers improve their
financial well-being through better tools and greater access to
financial data. Spruce brings that vision closer to reality."
About MX
MX, the financial data platform and leader
in modern connectivity, helps organizations everywhere connect to
the world's financial data and turn raw, unstructured data into
their most valuable asset to deliver intelligent and personalized
money experiences. MX connects more than 16,000 financial
institutions and fintechs providing the industry's most reliable
and secure data connectivity network. Additionally, MX powers 85%
of digital banking providers, as well as thousands of banks, credit
unions, and fintechs, with a combined reach of over 200 million
consumers. To learn more, follow us on Twitter @MX or
visit www.mx.com.
About H&R Block
H&R Block, Inc. (NYSE: HRB)
provides help and inspires confidence in its clients and
communities everywhere through global tax preparation, financial
products, and small business solutions. The company blends digital
innovation with the human expertise and care of its associates and
franchisees as it helps people get the best outcome at tax time,
and better manage and access their money year-round. Through Block
Advisors and Wave, the company helps small business owners thrive
with innovative products like Wave Money, a small business banking
and bookkeeping solution, and the only business bank account to
manage bookkeeping automatically. For more information, visit
H&R Block News or follow @HRBlockNews on Twitter.
About MetaBank®, N.A.
MetaBank®, N.A., a national bank, is a subsidiary of
Meta Financial Group, Inc.® (Nasdaq: CASH), a
South Dakota-based financial
holding company. MetaBank strives to remove barriers to
financial access and promote economic mobility by working with
third parties to provide responsible, secure, high quality
financial products that contribute to the social and economic
benefit of communities at the core of the real economy. MetaBank
works to increase financial availability, choice, and opportunity
for all. Additional information can be found by visiting
www.metafinancialgroup.com.
Spruce is a financial technology platform built by H&R
Block, which is not a bank. SpruceSM Spending and
Savings Accounts are established at, and the Spruce debit card is
issued by, MetaBank®, N.A., Member FDIC, pursuant to
license by Mastercard® International Incorporated.
Mastercard and the circles design are registered trademarks of
Mastercard International Incorporated.
Contact:
Tom Cook
tom.cook@mx.com
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SOURCE MX