Electronic Checks Far More Secure Than Paper Checks & Credit Cards
While the use of paper checks has been declining for several years the use of electronic checks gas been booming. From 2003 to 2013, …
Home (Page 2)
Banking
Mere 1 of 5 Consumers Prefer Brick & Mortar Banks & ATMs
About 55% of consumers use online banking through a website, and 12% use mobile banking. Only 20% of respondents said they prefer to manage …
8 Ways to Protect Elders From Scams, Fraud & Financial Abuse
Nearly $3 billion is lost annually to scams explicitly targeting seniors. Older Americans currently hold more than two-thirds of all U.S. deposits, making them …
Millennials Don’t Budget or Track Expenses – Simply Wing It
Hands-off, creditworthy millennials manage their finances without making detailed budgets or categorizing expenses. As a result, more than half of millennials have experienced a …
Consumers Still Want to Reach Out & Touch a Banker Now & Then
Even though digital banking and mobile banking are major trends today, there are still reasons to go a bank or to reach out to …
Credit Unions Coming Back into Vogue in Wake of Big Bank Fees
About 20% of U.S. Millennials aged 18-24 say they use credit unions as their primary financial institution attracted by low and transparent fee structures …
Hot Bucks Now in U.S. Circulation Could be Worth $10K
Ally Bank dumped 7,500 real U.S. $1 bills into circulation in 15 cities nationwide as part of a cash sweepstakes. Consumers can check their …
Gen MX & Senior Millennials Mirror Each Other Financially
A new study reveals the emergence of “Gen MX,” a new segment of higher-income Gen Xers and senior millennials share strikingly similar banking behaviors …
HELOCS Not Faddy – Misunderstood – Not Forgotten
Most homeowners say they are reluctant to take out home equity lines of credit (HELOCs) to meet other financial needs. At the same time, …
MYTH: Millennials Don’t Go to a Bank Branch, Only Do Digital Banking
More customers than ever are using mobile banking (49% of Millennials, 31% of Gen X and 16% of Boomers). Despite this widespread adoption of …
