Remove Digital Banking Remove FDIC Remove Millennials Remove Operations
article thumbnail

Seeking Banking Balance Between Physical And Digital

PYMNTS

With more consumers moving to mobile transactions over visits to branches, some banks are considering closing brick-and-mortar locations to reduce operational costs. The price of real estate is prompting even the largest players in the banking world to scale back their branch operations.

article thumbnail

Why Aspiration Says Big Banks’ “Bad Decisions” Were Its Gain

PYMNTS

But for all the complaining, according to Aspiration Bank CEO and co-founder Andrei Cherny, eliminating free accounts – and raising the fees on existing accounts – is just standard operating procedure for all of the nation’s largest retail banks. Who They Serve.

America 109
article thumbnail

Seven Big Threats Facing Seven Big Tech And Payments Players This Halloween

PYMNTS

Meanwhile, operating system upgrades give consumers the benefits of new features on older handsets – for free. And that is a bank – one with FDIC insurance and safeguards that keep their money safe. Online and digital banking is an innovation enjoyed by many consumers, as is P2P payments.

Payments 196