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Hewlett Foundation aims to activate retail banks for climate action - ImpactAlpha
QUOTE: As part of Hewlett’s $600 million, five-year commitment to addressing climate change, the foundation is looking for models and concepts to accelerate environmentally sustainable consumer banking. It’s the first initiative of a $20 million philanthropic portfolio that aims to mobilize private sector finance for climate action."
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yesterday by lafgrp
Credit Card Rewards Confuse 45% Of Americans | PYMNTS.com
QUOTE: A survey by NextAdvisor found that 54 percent of Americans find frequent flyer miles confusing, while 47 percent are perplexed by hotel loyalty programs.

And the rewards system in general is confusing to many consumers. In fact, 47 percent don’t even know how many points they have for their hotel loyalty program, and 35 percent don’t know how many frequent flyer miles they have. Even worse: 24 percent don’t have a clue as to how to redeem their rewards in general, which means they’re wasting their own money.
3PW  CD 
3 days ago by lafgrp
Kakao issues 500,000 debit cards to banking customers-INSIDE Korea JoongAng Daily
QUOTE: The operator of the KakaoTalk chat app began its debit card service in January to enter the offline payment business. While Kakao was already working with commercial banks and credit card firms, it decided to issue its own cards to enable offline use."
3PW  4LN  CD 
5 days ago by lafgrp
JPMorgan Tops Results Amid Mobile Banking Shift | PYMNTS.com
QUOTE: For JPMorgan, the quarter showed net income of $2.37 a share, better than the Street at $2.28. Overall revenues were up 10 percent to $28.5 billion, besting estimates by about $860 million."
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5 days ago by lafgrp
Citigroup's 1Q Surge In Mobile Banking | PYMNTS.com
QUOTE: In results reported on Friday (April 13), the top line at the bank came in at $18.87 billion, in line with estimates and showing growth from the $18.3 billion reported last year."

On a profit level, the company said it earned $1.68, which bested the $1.61 that had been expected by the Street. Total loans surged 7 percent year over year to $673 billion.
3PW  4LN  CD 
5 days ago by lafgrp
This Week In Credit Card News: How Thieves Now Steal Company Debit Cards; Mobile Sales Are Booming
QUOTE: Scammers are intercepting debit cards through the mail in order to steal the card chips as part of an elaborate fraud scheme to drain the bank accounts of large corporations. Crooks are swapping the chips from corporate-issued debit cards with old chips and then sending the tampered cards on to the companies."
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5 days ago by lafgrp
PayPal is going after the big banks | CBC News
The online payment processing firm is one of a few technology companies thinking about getting into the banking business with a new model that could fundamentally alter our relationship with traditional banks and erode the simplest and oldest way they bring in new customers
3PW  CD 
5 days ago by lafgrp
US Bank Mobilizes Mastercard Corporate Cards | PYMNTS.com
According to Rankin, analysts estimate an 80 percent increase in the volume of mobile payments between 2015 and 2020.

“These trends are making the on-the-road payment experience increasingly easier and more secure,” the executive added. “We’re delighted to partner with Mastercard to help advance that vision.”
3PW  4LN  CD 
8 days ago by lafgrp
Digital retail in the age of technology - Business - Pulse.ng
QUOTE: Banks cannot afford to carry on business as usual, hence the need to evolve from building more banking halls to creating technological solutions which allow customers to conduct seamless transactions online to aid financial inclusion.
3PW  CD 
8 days ago by lafgrp
Oracle Financial Services Global Survey Reveals Consumer Expectations for Digital Banking – Global Banking And Finance Review Magazine – Financial & Business Insights
QUOTE: Findings from The New Digital Demand in Retail Banking report shows that banking today needs to be better integrated into customers’ digital lifestyle, providing service that is instant, integrated with social platforms, and most importantly, driven by data.
3PW  4LN  CD 
8 days ago by lafgrp
BofA, Citi plan next-gen branches | American Banker
While the overall number of branches has declined dramatically in recent years, several large banks are instead giving them renovations and tech upgrades as they realize that many consumers still want a physical location to visit to help them with their financial problems.
3PW  CD 
8 days ago by lafgrp
Why banks are betting smart money on AI in bid to stay on top
QUOTE: “The diverse needs of customers today are forcing financial services firms to [rethink] how they interact with the customer to gain insights into the best products and services that suit them"
3PW  CD 
8 days ago by lafgrp

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