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The Impact of Mobile Card Apps On FI Customer Retention

PYMNTS

Community banks and credit unions are feeling the pressure to boost their digital card services or risk losing customers to megabanks and digital challengers, Ondot Systems ’ Chief Strategy Officer Todd Lesher told PYMNTS in a recent discussion. It’s a story told by the data itself, Lesher said. Square announced $1.3

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DoorDash, Airbnb IPOs; BNPL Trends; Pet Fraud Top This Week's News

PYMNTS

Capital One Halts BNPL Transactions On Its Credit Cards. Capital One Financial Corp is putting a stop to buy now, pay later (BNPL) transactions on its credit cards, calling the dealings β€œ risky ,” for both consumers and banks. Synctera Brings 'FinTech As A Service' To Community Banks. million in consumer losses.

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What #Banking Trend Will Have the Greatest Impact on Your Bank?

Jeff For Banks

Consumer Demographics and Changing Customer Demands Remember all the pre-pandemic talk about millennials? You couldn't go to a conference without every presenter having millennial this or millennial that on their slide decks. Now the oldest millennial is 43 (see table by Statista).

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Getting Mobile Ready

Independent Banker

But how far are they willing to go to do their banking on small mobile devices? A consensus says that the future banking customer relationshipsβ€”particularly for millennial consumersβ€”will orbit to one degree or another around mobile technology. s entry into the payments business with Apple Pay. Ed Bachelder, payments consultant.

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Debit, ATMs And The New Age Of Bank Branches

PYMNTS

Debit cards, default cards, banks both bricks-and-mortar and digital. That brings up some questions for banks: What are the opportunities for banks with debit, and with branches, and even with ATMs? Debit card usage is habit-driven, he said, and habit has grown roots over the last several years.

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Digital Disruption

Independent Banker

Regardless of the name, nonbank technology firms are wedging themselves between community banks and their customers by offering a slew of traditional and nontraditional banking products. This is why ICBA and community banks must continue to push consistent regulation of bank and nonbank financial service providers.

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The 2019 GonzoBanker Awards

Gonzobanker

. ————————————————————————— The β€˜En Vogue’ Trend of the Year – Credit unions buying community banks. … It has to be more than banner ads for credit cards you already have.”

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