Remove ATM Remove Digital Strategies Remove Fintech Remove Online
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Making Digital Card Features Stick – And Sticky

PYMNTS

And FIs want to help consumers spend money in the places where they want to spend money — which, in the wake of COVID-19 — is largely online. In other words, time is officially up for FIs to dither when it comes to digitizing. “It Recreating The Card For A Digital-First World . Simple: Start with the cards.

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Today In Payments: Citi Partners With Mastercard For Google Pay Plex Accounts; PayPal Boosts Xoom’s Money Transfer Capabilities

PYMNTS

Citi Plex account holders will receive a digital debit Mastercard, and, upon request, can opt for a contactless-enabled, physical debit Mastercard with access to 60,000-plus fee-free ATMs. Walgreens Chief Financial Officer James Kehoe said he doesn’t think Amazon’s push into the online pharmacy world is cause for concern.

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Two Executive Views of Digital Transformation, and Why They Both Matter

Gonzobanker

Bank of America recently reported that in 2020, 84% of all deposits were made through its automated channels (mobile, online and ATMs). Last year, BofA’s digital channels accounted for 42% of total consumer sales, 68% of consumer mortgage sales and 74% of direct auto sales. Chase and other megabanks can report similar results.

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37 Corporate Innovation Labs In Finance

CB Insights

As fintech plays a larger role in the financial ecosystem, companies are looking for ways to use tech to solve problems and find new opportunities in the space. Notable projects: Card Free Access is a program developed out of the lab that allows Wells Fargo Banking customers to access ATMs through a variety of methods without their cards.