Remove ATM Remove Digital Banking Remove FDIC Remove Retail
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Citizens Debuts Digital Bank

PYMNTS

Citizens Financial Group announced the launch of its nationwide, direct-to-consumer digital bank. Citizens Access safely and securely offers Member FDIC-insured online savings and CD accounts with attractive rates and no fees to customers across the United States.

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Chase Tries To Win Over More Unbanked Consumers

PYMNTS

The financial institution on Monday (March 18) “began offering checkless accounts with access to its mobile app, branches and ATMs for $4.95 The accounts come with debit cards, digital payments and free check cashing, but do not allow overdrafts.”. The percentage of unbanked people in the U.S. households remain unbanked. In 2017, 6.5

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Breaches, Beginnings And A Buying Spree

PYMNTS

Macy’s is, of course, just the latest retailer in a long string to be hit with such a breach. In April, retailer Hudson’s Bay disclosed that customers at Saks and Lord & Taylor stores in North America have had their payment cards compromised. Citizens Rolls Out Digital Bank.

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Why The Bank-FinTech Relationship Is More Complicated Than Conflicted

PYMNTS

report: “The rise of digital innovators in financial services presents a significant threat to the traditional business models of retail banks.”. And that is a bank – one with FDIC insurance and safeguards that keep their money safe. 93 percent had a bank account.

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SMB Challenger Banks: Lili Focuses on Freelancers

Fintech Labs Insights

I’ve been expecting digital banking disrupters in the SMB space since the beginning of the online banking era (late-1990s). Security features (account freeze, real-time transaction notifications, FDIC insured). Can deposit cash via GreenDot’s “@ the Register” (retailer typically charges up to $4.95 marketplace.

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Why Aspiration Says Big Banks’ “Bad Decisions” Were Its Gain

PYMNTS

Bank of America’s response to the barrage of complaints was to guide the e-account customers to their Core Checking account, which they claimed offered a “great value.”. They feel like they can just charge customers whatever they want because it’s too much of a hassle to switch banks,” Cherny told PYMNTS in an interview.

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SMB Challenger Banks: Lili Focuses on Freelancers

Fintech Labs Insights

I’ve been expecting digital banking disrupters in the SMB space since the beginning of the online banking era (late-1990s). Security features (account freeze, real-time transaction notifications, FDIC insured). Learn More at Lili all-in-one mobile banking service. Free ATM transactions through MoneyPass ($2.50

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