Remove America Remove Cards Remove Digital Banking Remove Millennials
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Why Mobile Card Apps Must Be More Than ‘A Nice Little Tool’ For FIs

PYMNTS

percent of consumers noted they would switch financial institutions (FIs) for a better financial app, a number that jumps up to 41 percent among bridge millennials. Cards — debit or credit — they say, are not really their core business. Meanwhile, 28.5 Finding The Right Advantages.

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Unbundling Bank Of America: How The Traditional Bank Is Being Disrupted

CB Insights

Bank of America and the traditional banking system is being disrupted across a wide variety of core revenue streams. . The banking industry has not been spared from the impact of Covid-19. Bank of America, for one, saw profits drop 16% year-over-year (YoY) in Q3’20 to $4.9B. Investment banking.

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Alphabet’s New CEO, Millennial Black Friday Spending And Digital Drivers’ Licenses Top This Week’s News

PYMNTS

We have a deep dive into Colorado’s digital driver’s license effort and news on Alphabet’s new CEO, as well as data on millennial Black Friday spending. UK Digital Bank Monzo Taps Visa Exec as US CEO. Monzo , London’s digital unicorn, has appointed TS Anil to head U.S. Top News . operations.

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Not Down For The Count, Cash Still Counts For Plenty

PYMNTS

In the latest webinar series, PYMNTS’ Karen Webster jumped into the findings of the Global Cash Index, gaining a sense of the story behind the numbers in the United States and the Americas in general. Turning to the Americas — defined as the U.S., Cards are perhaps proving a sticking point in the move toward electronic payments.

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The Next Big Thing Is … Debit

PYMNTS

Using credit cards (aka spending the bank’s money instead of your own) seemed so cool — until it suddenly wasn’t nearly as cool anymore. Those who have lost jobs or faced employment insecurity may be less certain that they can pay off debts and thus prefer to spend only the money they have in their bank accounts.

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Digital Challengers Are Closing Argentina’s Banking Gap

PYMNTS

While they were once seen as novelties, challenger banking institutions are further encroaching into traditional banks’ territory, adding new responsibilities and products to their portfolios, such as lending. News From the Digital Banking Landscape. In the U.K., In the U.S. About the Tracker.

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Faster Cash Back, Happier Customers?

PYMNTS

Cash back programs are nothing new for financial institutions (FIs), but the banking industry may be well-served to take a few cues from the masters of rewards: retailers. Despite incentives, a new study found debit cards appear to be more popular than credit cards, especially among younger customers. Think like a retailer.