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CIT Bank 2020 Review

MyBankTracker

They may be missing out given that CIT Bank is quietly offering some very attractive products that have competitive deposit rates and very low fees. Here’s an overview of CIT Bank’s most notable offerings and how it may be a better bank for your money. Online & Mobile Banking.

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Can Smartphones Solve ATM Skimming

Banking 2020

ATM skimming remains a big business for organized crime rings. One new approach that banks are exploring to mitigate this particular vector of fraud is the notion of using smartphones as a second factor of authentication since most people always have their phone with them. But that is just one issue with QR codes.

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Can Midsize Banks Keep Pace?

Banking 2020

Both big banks and regional banks have gotten a jump on investing in this technology and have expanded the resulting advantages, giving them an important arena where they have consistently outperformed midsize banks over the last five years. Personal Customer Interactions.

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FI Highlight: Banner Bank

Banking 2020

A bank must have zero tolerance for website downtime as it impacts your clients’ ability to access their money. Continuing to offer products like our free Connected Checking account which rebates ATM surcharges anywhere in the U.S. also sets us apart from many other banks that have imposed monthly fees.

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Sweden set to win cashless race

Banking 2020

In particular, study author Niklas Arvidsson, a researcher in industrial economics and management at KTH, believes the growth of mobile payment systems like Swish is hastening the demise of cash in the country. Big banks like SEB, Swedbank and Nordea Bank have stopped manual cash-handling services in the vast majority of their local branches.

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What do consumers want from payments?

Banking 2020

Banking innovation takes many forms, but the most successful generally start by addressing a consumer need. The ATM satisfied a need for easier access to cash. Online banking lets people manage accounts without having to visit a branch. Over the last few decades we’ve seen some radical changes.

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From Online to Mobile to Mobile-Only

Banking 2020

It bills itself as the “first bank in the country to offer free checking and savings accounts without any fees, as well as a line of credit, access to over 55,000 surcharge free ATMs, and a higher savings rate than the top 4 banks in U.S.” And then, of course, there’s the technology.

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