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Facebook Preps GlobalCoin Launch

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The social media giant has been working on the project — code-named Project Libra — for more than a year, centered around the company’s own digital coin that users can send to each other, as well as use to make online purchases.

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How FIs Counter Online Debit And Credit Card Skimming

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Card-skimming devices hidden on gas station card readers or carefully integrated into ATMs used to be especially troubling for merchants and consumers, but retailers and financial institutions (FIs) have stepped up their measures to protect physical card readers in recent years.

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McDonald’s Big Mac ATM

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Other global competitors have beaten McDonald’s to the punch tech-wise — Starbucks, Domino’s and Taco Bell, for example, are years ahead of Mickey D’s when it comes to ordering online and using digital tools to enhance the consumers’ experience. Kenmore Square, Boston will activate what it calls a “customized digital Big Mac ATM.”

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How Digital-First Credit Unions Can Break The Impersonality Barrier

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The financial world has become more and more entrenched in digital channels, much to customers’ delight — 59 percent of FI consumers want to open banking accounts online rather than do so at a branch. Nearly one-third of millennials would prefer to do their banking exclusively online and eschew branch locations entirely.

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ICICI Launches Banking Services On WhatsApp

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Additionally, users can get details of the nearest ICICI Bank ATMs and branches, all from the social platform. . Retail customers can enjoy enhanced convenience, while business customers can continue to improve productivity even when they are away from the office in this time of social distancing, the company said. .

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Deep Dive: How Banks Use Digital Technologies To Outlast The Coronavirus

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Some have added support for in-branch digital technologies such as video banking screens and upgraded ATMs to minimize in-person contact while making sure customers’ needs are met, for example. Drive-thru ATMs attached to bank branches have been in use for decades, but FIs are now relying on them as sole points of customer contact.

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How AML Regulations Are Pulling Credit Unions Into Law Enforcement

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Many members first engage with their CU through its website or other online portal. In recent weeks, some CUs have stepped up efforts to make their online offerings more accessible to disabled users. Meanwhile, another partnership could change the way users engage with a CU’s network of ATMs.