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How to Increase Debit Card Profitability

South State Correspondent

While there are many overlooked products in banking, the debit card is perhaps the greatest. The product generates significant fees and helps drive deposit balances, yet debit cards rarely get a mention in strategy, marketing, or customer profitability circles. Debit Card Profitability We will start with debit card profitability.

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Meeting the growing demand for mobile debit, ATM funds access

Payments Dive

As consumers shift to online banking, the ATM also has been impacted by the quest to go digital. Kamesh Tumsi, VP of product strategy at Fiserv card services, gives us the scoop on the digitizing of ATM transactions.

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Virtual Tellers And Workhorse ATMs: Banking’s New (Digital-First) Normal

PYMNTS

Reinventing The ATM. Banking in the post-pandemic age, and with a “digital-first” mindset may also see a reinvention of the ATM, said Brown. The ATM may indeed become a “workhorse” piece of technology on site, with capabilities expanded well beyond the confines of just spitting out cash. Safely and hygienically, of course.

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Credit Unions, ATMs And The Great Digital Banking Shift

PYMNTS

We had seen most of the volume increases coming from the fact that people were forced to stay at home, so the online channel of how they interact with CO-OP and our partners began to grow significantly,” Calcanes said. During the pandemic’s early days, ATM runs by panicked consumers got a fair amount of media attention.

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Making Digital Card Features Stick – And Sticky

PYMNTS

That left FIs scrambling to “rapidly figure out how to get that same emotional and engagement outcome when the possibility of face-to-face is virtually nonexistent,” Randy Piatt , head of product solutions at card technology firm Ondot Systems , told PYMNTS in a recent conversation. Simple: Start with the cards.

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Bank of America’s New Mobile App Unveils Cardless ATM Withdrawals and PFM Tool

Bank Innovation

EXCLUSIVE – Bank of America’s mobile app got a makeover today with a set of new features including a cardless ATM option. The cardless ATM option maybe the most interesting […]. On Wednesday, the bank announced a slew of new features in an effort to enhance the banking experience of its 23 million mobile app users.

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How FIs Counter Online Debit And Credit Card Skimming

PYMNTS

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. Safeguarding Card Details.

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