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Citizens Access Targeting ‘Optimizers’ to Grow Deposits Beyond the Bank’s Footprint

Bank Innovation

Citizens Access, the digital-only arm of Rhode Island-based Citizens Financial Group, has grown to about $4 billion in deposits, mostly from new customers outside the bank's traditional footprint, since its launch in July 2018. If you build it, the optimizers will come.

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25 Million Mobile Users, Only 2 Million on Bank of America’s Erica

Bank Innovation

Keep in mind that we started the rollout earlier this year with Rhode Island (which has a relatively small population) and completed in all markets in June," Betty […]. Bank of America might have 25.3 million active mobile users, but only two million of those users are using the bank's virtual assistant Erica.

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Using Debit Cards To Bridge The Stimulus Accessibility Gap

PYMNTS

The Next-Gen Debit Tracker®, a PYMNTS and PULSE collaboration, provides an in-depth examination of debit’s changing role in banking and retail and offers an insightful, data-rich look at how providers can innovate within these areas. About The Tracker.

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Kohl’s To Debut New eCommerce Facility, Small-Format Stores

PYMNTS

Retailer Kohl’s will boost both its brick-and-mortar and eCommerce capabilities this year by adding four small-format, brick-and-mortar locations to its roster of stores and a fifth eCommerce fulfillment center. 2017 will be located in Rhode Island, Ohio, New Jersey and California.

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Mastercard And BJ’s To Offer A ‘Priceless’ Boston Experience

PYMNTS

The credit card company and retail wholesaler announced on Tuesday (Aug. 2) that they are running a contest to reward shoppers who pay with Mastercard credit, debit or prepaid cards at BJ’s locations in Rhode Island, New Hampshire, Maine and Massachusetts. The prize?

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The Journey Of The Stroopwafel To Starbucks’ Shelves

PYMNTS

But he didn’t know what exactly he wanted to go into business doing, until a bit of chance snacking put him on the path to his innovation “ah-ha moment.”. What he discovered, or more accurately remembered, was the stroopwafel, a common Dutch treat made from two thin waffle pastries melded together with a syrup center.

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First And Ten: Disrupting The School Sports Uniform Process With Customization

PYMNTS

Even school sports uniforms have been dragged into the digital age, courtesy of a Rhode Island DTC company called SquadLocker. The company took an innovative business model and serious sales momentum into the start of the year, pivoted for the pandemic and took $20 million in funding off the table.