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Upgrade’s New Debit Rewards Product Takes New Approach To Mobile Banking

PYMNTS

There is no shortage of digital-only banks offering a smoother onboarding process, a slick mobile interface and fee waivers in an effort to tempt consumers to leave their traditional bank. 14) that it is jumping into the world of mobile banking with the launch of a debit rewards product somewhat eye-catching. “We

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Citigroup Adds The Ability To Dispute Charges Through Mobile App

PYMNTS

“Citi is making great strides in transforming our servicing model and providing cardmembers the ability to perform key banking tasks in their channel of choice. With this new dispute functionality within our mobile app, we’re excited to further elevate the digital experience and reimagine what mobile banking looks like.”.

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How Are Incumbents Adjusting Their Offerings to Become More Accessible?

The Fintech Times

. “They are adopting user-friendly web and mobile applications, significantly reducing service delivery costs. Many operations can now be automated, such as remote account opening, requesting credit limits, deposits, and brokerage accounts. “For example, they are customising these offerings through data analytics.

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Maximizing Customer Value with Sequential Decisions

FICO

Typically, these decisions are single-shot decisions and designed to optimize objectives defined over a fixed time horizon — for example, decide on credit limits and interest rates for new accounts to maximize 2-year profit. An exciting new branch of prescriptive analytics involves stringing together decision sequences over time.

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Citi Announces Replacement Card Tracker

PYMNTS

An Accenture Banking Customer Survey found that, on a monthly basis, the majority of interactions (just over 88 percent) between banking customers and their banks are conducted via digital means — mobile banking, ATM withdrawals and social media engagement, to name a few.

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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

The product offers business cards to existing Stripe customers with dynamic credit limits, real-time expense reporting, and personalized rewards, including 2% cashback in a business’ top 2 spending categories each month. Since its inception, Square Capital has originated over $5B in funds to 275K merchants. Source: Stripe.

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Everything You Need To Know About What Amazon Is Doing In Financial Services

CB Insights

Like secured credit cards offered at banks, it requires a one-time deposit between $100 and $1,000 at the time of the account opening, which then becomes the card’s credit limit.