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Retail banking trends to look out for in 2023

Independent Banker

ITMs and VTMs are popular retail banking innovations among community banks. What’s on the horizon for retail banking? We spoke with two community banks that have ramped up their services to meet—and exceed—the changing expectations of customers. So how are retail banks meeting this challenge? By William Atkinson.

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Lumin Digital To Power Banking, Bill Pay For University Of Illinois Credit Union

PYMNTS

Lumin Digital has signed a multi-year contract with the University of Illinois Community Credit Union (UICCU) that will have Lumin’s cloud-based platform serve as the credit union’s digital banking solution for retail banking and bill payment.

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The Helpful Robots Of Automated Retail

PYMNTS

High-level market intelligence about the $18 billion expected to be invested over the next three years is a major focus of the March 2020 Automated Retail Tracker™ from PYMNTS , which serves as a bimonthly breakdown of developments in this rapidly growing business sector. Amazon Go’ Cashless. And Amazon and 7-Eleven aren’t alone.

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Amazon Opening Package Pickup Spot At Chicago’s University Of Illinois

PYMNTS

15) that it has entered into an agreement with the University of Illinois at Chicago to open a package pickup location inside the student center on the UIC campus, Amazon said in a press release. We couldn’t be more excited to bring Amazon to campus and continue to elevate the services we provide our community,” J.

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Express Inc. Net Sales Drop 53 Pct Amid Pandemic

PYMNTS

reported “continued momentum” with its The EXPRESSway Forward long-term strategy, as a phased reopening of retail locations started on May 1. The retailer, however, reported that consolidated net sales dropped 53 percent to $210.3 The retailer, however, reported that consolidated net sales dropped 53 percent to $210.3

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Instacart Collaborates With ALDI To Debut EBT SNAP Payments

PYMNTS

The initiative starts in the weeks to come throughout ALDI’s over 60 Georgia stores, while it will grow to over 570 retail locations throughout California, Illinois, Pennsylvania and Florida in the months to come. percent of the population in Georgia and disproportionately impacts communities of color.

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Discover Serves Up $5M To Bolster Black-Owned Restaurants

PYMNTS

The Riverwood, Illinois company said the move was “an effort to support the restaurant industry as it rebounds” from the pandemic and associated lockdowns. Discover joins other major companies in starting programs aimed at minority communities, which have been particularly hard-hit by the pandemic and ensuing economic crisis.

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