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Chase Caps ATM Withdrawals For Non-Customers

PYMNTS

JPMC has capped ATM withdrawals at $1,000 per day for those who are not accountholders with the bank. The move comes following the bank’s initiative to allow ATMs to dispense an unlimited number of $100 bills, which, unsurprisingly, led to abuses and people pulling tens of thousands of dollars out at a time.

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Bank of America To Update Branches In Response To Customer Behavior

PYMNTS

The bank originally planned to redesign 1,500 centers, but the new plan will accelerate that. It will also upgrade 16,000 ATMs with new features like paying with phones and the ability to pay credit card bills. There’s also a plan to install 2,700 new ATMs. It said it was going to open branches in Boston, Washington, D.C.,

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The SMB Challenger Banks: Bank Novo

Fintech Labs Insights

SMB digital banks. The banking partner is Middlesex Savings Bank , a Natick, MA-based community bank with $5.7B in assets and 32 branches in the Boston suburbs. Debit card. ATM fees reimbursed. Booking.com is one exception, where the 6% cashback goes directly to your Novo card).

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Finovate Spring 2018 – Day 2

William Mills

HQ: Boston, MA. How they describe their product/innovation: Fiserv integrates Samsung SDS biometric authentication and collaboration solutions into its award-winning Commercial Center: Security (CC:S) for a more secure and convenient digital banking experience. HQ: Boston, MA. Website: projectfinance.io. Key Executives.

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Fintech Fundings: 32 Companies Raise $210 Million Second Week of July

Fintech Labs Insights

Digital banking technology. Digital renter’s insurance. HQ: Boston, Massachusetts. Digital payments platform. Investment banking platform. Lost/stolen credit & debit card solution. Sound-based payment & banking technology. P2P currency exchange. Latest round: $8.4 million Seed.

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Frictionless Payments And Top Mobile Banking Innovation

PYMNTS

“So, we expect that to go down, either through a phone or through the ATM in the future, and again, at additional cost savings for us.”. In addition, Athanasia said that the bank has enhanced its mobile app with Zelle. And, even in the digital age, Erdoes said that customers might want to visit a physical branch for advice.

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