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3 Ways Financial Institutions Can Step Up for Underserved Communities

Perficient

John Doe may come to a financial institution seeking guidance on how to live off his social security money, while Jane Doe may need assistance on how to best invest the substantial amount of money she recently inherited – each customer should be treated with the same amount of care and thought.

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How Cross River Bank Keeps Cash Flowing

PYMNTS

This includes checks, brick-and-mortar bank branches, ATM cards and, yes, cash. The ATM Real Estate Advantage. Cross River teamed up with Mastercard in 2017 to launch Mastercard Cash Pick-Up, a disbursement service that delivers cash on behalf of businesses to vetted recipients through a network of ATMs. Postal Service (USPS).

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Citizens Debuts Digital Bank

PYMNTS

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. Citizens Financial Group announced the launch of its nationwide, direct-to-consumer digital bank.

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MOXY Preps Launch Of New Community Bank With NYMBUS

PYMNTS

Following approval by the Federal Deposit Insurance Corporation (FDIC) and Washington, D.C.’s ” The bank is gearing up to launch operations with a focus on under-banked customers and customer relationship building. MOXY bank , preparing to be one of the first new community banks to launch in the U.S.

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PSECU Review: Digital-First Approach With Great Products

MyBankTracker

To provide greater convenience to members, PSECU offers consumer-friendly ATM access and anytime, anywhere digital banking tools. ATM Access. PSECU members have access to nearly 30,000 surcharge-free ATMs nationwide under the CO-OP network. Members with direct deposit are eligible for up to $20 per month in ATM rebates.

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Why The Bank-FinTech Relationship Is More Complicated Than Conflicted

PYMNTS

And that is a bank – one with FDIC insurance and safeguards that keep their money safe. Consider a recent PYMNTS interview with Gerhard Oosthuizen, chief technology officer for Entersekt , a South Africa-based FinTech firm that focuses on mobile authentication and app security software. 93 percent had a bank account.

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Chime Spending Account Review: Low-Fee Checking Alternative

MyBankTracker

Free ATM withdrawals at over 38,000 fee-free ATMs. FDIC-insured protection. Secure your card instantly. This prevents new cash withdrawals at ATMs and new debit card transactions. Compared to traditional brick-and-mortar banks, financial companies that operate only tend to have lower overhead costs.

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