Remove ATM Remove Digital Banking Remove Maine Remove Millennials
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Main Street?s Digital Shift, ATM Innovation, PPP Loans Top This Week?s News

PYMNTS

We have deep dives on Main Street’s digital shift, ATM innovation and PPP loans. NEW DATA: Inside Main Street SMBs’ Digital Shift. Innovating The ATM Beyond Cash. How To Keep Fraudsters From Scamming Banks Across Every Nook And Channel . The Flaw In Demonizing Big Tech. Trackers And Reports.

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Wells Fargo Shuts Millennial-Friendly App ‘Greenhouse’ To New Clients

PYMNTS

The Greenhouse website notes the debit card is “linked to your Spending Account as the primary account for ATM access and purchases, and to your Set Aside Account as the secondary account for ATM access.”. Millennial-Banking Apps Are Struggling.

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Credit Unions’ Digital Future: More Like YouTube, Less Like Online Banking

PYMNTS

Digital banking is not the main element that drives consumers toward using a credit union. However, as Lumin Digital President Jeff Chambers told Karen Webster in a recent conversation, that doesn’t mean the digital banking experience isn’t critical to credit unions’ relationships with their members.

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Seeking Banking Balance Between Physical And Digital

PYMNTS

But, while closing physical bank branches might appear to be a wise cost-saving measure, the move comes with risks that could hurt banks’ relations with new millennial customers. found banks that close their physical branches risk losing existing customers to rival banks.

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How To Compete With Banks: Start With First Principles

PYMNTS

That finding is also relatively consistent across income and demographic profiles, even for bridge millennials (the largely affluent 30- to 40-year-old crowd) and Gen Z respondents. The need for physical branches tops providing ATM services by a factor of almost four. The Services Expectation.

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The Dawn of Banking Voice Technology

PYMNTS

The bank opted to pilot the technology in its student app, he said, because millennials are known early adopters. As a rule of thumb, if the students embrace the technology, larger rollout into the main Santander UK app will follow. To download the May edition of the Digital Banking Tracker™, click the button below.

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Location Detection: Building The Bank Business Case For Better Geolocation Data

PYMNTS

PYMNTS has found that 55 percent of millennials say they would switch to an FI that uses geodata to enhance the security of users’ accounts. That number is even higher for those individuals who earn higher wages – and taken together, higher earners and younger demographics are the sweet spot of banks’ customer bases. The Disconnect.

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