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CIT Bank 2020 Review

MyBankTracker

They may be missing out given that CIT Bank is quietly offering some very attractive products that have competitive deposit rates and very low fees. Here’s an overview of CIT Bank’s most notable offerings and how it may be a better bank for your money. CIT Bank Savings Builder. CIT Bank Money Market Account.

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FI Highlight: National Police Credit Union

Banking 2020

Jim Bedinger, COO of Chicago Patrolmen’s Credit Union and CEO of National Police Credit Union , shares how he’s working towards reaching a targeted audience and community – police members and their families. In a few sentences could you please tell us a bit more about National Police Credit Union?

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Cash or card: How do you pay for Christmas?

Banking 2020

on gifts, decorations, food and other Christmas purchases, according to a survey for the National Retail Federation, this is not a small amount of notes. In particular the richer households prefer credit cards over debit cards – again sound budgetary decisions are a factor here. Lower earners prefer the debit card.

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B2B FinTech On The Cusp Of Change

PYMNTS

The alternative lending market is showing signs of defeat against traditional bank loans, and SMEs are strengthening their demands for more than the typical solutions currently offered by traditional FIs. SMEs want banks to offer bitcoin services , suggesting the cryptocurrency may not be such a failure after all. 65% of U.K.

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Finland and US lead the way for non-cash payments

Banking 2020

Citizens in Finland, the US and the Netherlands have been revealed as the most prolific users of non-cash payments such as credit and debit cards, according to a report that revealed which nations are leading the way with innovations in payments. Overall, 123 billion such payments were made in the nation in 2013.

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China and India lead global cashless growth

Banking 2020

In fact, by far the biggest potential exists in emerging markets where there has been very little signs of a move away from cash – until now. Newer technologies help Asian markets. Last year, transaction volumes for mobile payments in the nation rose by 170 percent compared with the previous 12 months, reaching a total of 4.5

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Asia Pacific set to drive mobile payments growth

Banking 2020

And Asia-Pacific will be one of the major contributors to this, as both developed and emerging markets increase their use of these payments. As emerging nations come online for the first time, smartphones will be the device of choice for many new internet banking users. Key trends driving the increase.

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