article thumbnail

Credit Unions Encouraged To Get Aggressive With Digital Strategies

PYMNTS

The 2020 winter holidays are going to be quite a bit different than they’ve ever been. She said CUs don’t need to plan for a digital holiday shopping season — it’s already here. Instead, they already need to be digitally engaging their members. Don’t be too shy or too conservative. Step 1: Educate The Members.

article thumbnail

Goldman And BofA Earnings: A Tale Of Two Banks (And Digital Strategies)

PYMNTS

Digital initiatives too, of course. For Bank of America , we’re likely to see some discussion on macro trends, on consumer and commercial spending, on cards and branch count. Consumer loan balances were $7 billion, of which $4 billion stemmed from Marcus, and the remaining $3 billion from Apple Card. Bank Of America’s Take .

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Goldman Sachs: Marcus Deposits At $97 Billion As 2020 Ends

PYMNTS

Supplemental materials released by the company show credit card loans stood at $4 billion, up from $3 billion in the third quarter, and $2 billion in the year-ago period. Loans tied to its cards should reach at least $20 billion in 2024, as the bank noted in an update to its strategic plan.

article thumbnail

Helping FI’s Develop Their ‘FinTech Sense’

PYMNTS

Everyone knows that digital and mobile services are key to success in the 2020s — not only in terms of more revenue, but also larger transformations. But that doesn’t mean all the players in payments and financial services have a solid or clear digital strategy. The age of personalized service is upon us.

Fintech 169
article thumbnail

Mastercard's Priceless Planet Coalition Adds Members To Fight Climate Change

PYMNTS

Gallo Winery , EedenBull , Emirates NBD , Eurobank , Expo 2020 Dubai , Finix, First Hawaiian Bank , Frank Green , Frontier Airlines , Halkbank AD Skopje , Hawaiian Airlines , HSBC , Itaú Unibanco , Network International , Produbanco , SchoolsFirst FCU , Scotiabank , SEFCU , Synchrony , Transcard , WESTbahn , and 1derful.

New York 140
article thumbnail

Elan: The Positive Impact Of Payments

PYMNTS

Even after the pandemic subsides, the digital acceleration we experienced in 2020 will not — it is here to stay." . The pandemic has generated a surge in mobile wallet usage so that payments can be made without ever touching a card. Additionally, new and reissued cards are being delivered with contactless technology.

Payments 178
article thumbnail

Integrated Digital Loyalty Is Dining Table Stakes For 2021

PYMNTS

The PYMNTS December 2020 Order To Eat Tracker® done in collaboration with Paytronix , looks at the issue through the loyalty lens, as beefing up these programs is having a transformative effect on customer sentiment, order size, frequency of visits — in a word, “loyalty.”. “We Only, it’s not a singularity. This is the way things are now.

Analytics 175