Banking | Credit Card Topics

Aspiration: A Financial Institution Fighting Climate Change via Bank Accounts and Cards

By: Matt Walker, 6/7/2021

In a Nutshell: Customers open checking or savings accounts, apply for credit cards, and take out loans with their financial institutions of choice every day. But they may not stop to consider how the institutions are using their funds. In fact, some big banks help support the fossil fuel industry and other industries that work against climate change. Aspiration offers banking services and credit and debit cards that are guaranteed to fight climate change. Customers can actually offset... read more »

OneUnited Bank Takes on the Racial Wealth Gap by Providing Access to Education and Credit Products

By: Matt Walker, 4/21/2021

In a Nutshell: Racial inequality is evident in the U.S. not only in the power structures in place, but in the racial wealth gap. OneUnited Bank takes on these inequities by offering affordable financial products and services aimed at members of the Black community. From its BankBlack Checking Account to the Solidarity Card, OneUnited Bank is leveraging technology and expertise to empower the Black community through the world of finance. Financial literacy is also a key element to the... read more »

Tompkins Bank of Castile: Financial Wellness via Banking, Credit, and Educational Services

By: Matt Walker, 4/12/2021

In a Nutshell: Tompkins Bank of Castile has been serving customers in Western New York since 1869, and throughout its history it has always remained engaged in its local community. This proved particularly important during the COVID-19 pandemic. The bank was able to pivot to its existing digital channels and promote them to customers so they could still gain access to the high-quality services they were used to. The institution offers a full range of modern banking products and... read more »

OnJuno’s Digital Banking, Interest-Bearing Checking, and Debit Cards Help People Save

By: Matt Walker, 3/4/2021

In a Nutshell: Advances in technology have made it possible for companies to provide consumers with banking products and services that weren’t available just 10 years ago. OnJuno is one of these companies. The digital banking platform offers a checking account with interest rates that far exceed the average for other checking accounts, and even many savings accounts. OnJuno customers gain convenience as well as access to a significant cash back program with the OnJuno debit card. The... read more »

Provident Bank Offers a Suite of Credit Cards and Financial Services to Meet a Wide Range of Needs

By: Matt Walker, 1/29/2021

In a Nutshell: When it comes to your personal finances, not just any bank will do. Consumers deserve a dependable, secure, and supportive institution to handle their money and address their financial needs. And that’s just what Provident Bank does for residents of New Jersey, Eastern Pennsylvania, and Queens County, NY. The bank offers a wide range of financial products and services, including credit cards to meet the needs of nearly any business or consumer. Through its partnership... read more »

Byline Bank Helps Customers Establish and Build Credit via Cards and Financial Literacy

By: Matt Walker, 1/20/2021

In a Nutshell: Byline Bank supports customers in the Chicago and Milwaukee metro areas with a range of quality financial products and services, including a credit card suite that includes a secured card to help people establish or rebuild their credit. The bank also engages with the community on a wide variety of financial literacy efforts, taking important lessons into schools, nonprofits, and retirement homes. Byline Bank is also a top SBA lender and is passionate about supporting... read more »

WSFS Bank: One of the Nation’s Oldest Banks Offers Credit Cards & Others Products for a Modern World

By: Matt Walker, 1/6/2021

In a Nutshell: As one of the oldest banks in the U.S., WSFS Bank doesn’t rest on its laurels but instead embraces innovation and technology. The bank, which operates in Delaware, New Jersey, and Pennsylvania, provides a modern suite of financial products and services, including credit cards for a variety of consumers and businesses. And as its motto -- We Stand For Service -- states, WSFS Bank serves customers and communities in many ways. Customer service is a constant priority, but... read more »

TD Bank’s Credit Cards and Other Resources Aimed at Giving Customers Financial Stability

By: Matt Walker, 12/15/2020

In a Nutshell: It’s safe to say that 2020 has brought a lot of surprises to folks around the world, and the U.S. is no exception. Besides the obvious health challenges, the COVID-19 pandemic also delivered unprecedented economic challenges. Luckily, institutions like TD Bank have remained resilient for their customers. The bank, which has always branded itself as a customer-oriented and convenient institution, provides a credit card suite -- that ranges from secured credit cards with... read more »

Sterling State Bank Delivers Credit Solutions with a Personal Touch to Communities and Small Businesses

By: Adam West, 11/16/2020

In a Nutshell: Sterling State Bank has taken a personalized approach to delivering financial services in southern Minnesota for more than 60 years. Since the day they opened their doors in 1958, they have been locally owned and operated and now manages seven branches with more than $350 million in assets. The institution offers individual and business credit solutions that provide financial options to everyone in the communities it serves. And with more corporate banks treating... read more »

Rewire Offers Seamless Money Transfers and a Debit Card for Easy Access to Global Banking Services

By: Adam West, 11/12/2020

In a Nutshell: Rewire is a neobank for migrants that offers a seamless way to make cross-border money transfers in Europe, among many other services. Customers receive a free international bank account number (IBAN) and a free Mastercard debit card that works like a conventional domestic bank account. Migrant workers often occupy two financial worlds — they pay bills where they're living, but they also often help support people back in their home country. Rewire brings financial... read more »

Countybank Donates Where it Counts and Helps Its Communities Navigate COVID-19

By: Adam West, 10/8/2020

In a Nutshell: By virtue of its history as a locally owned institution founded during the Great Depression, Greenwood, South Carolina-based Countybank fields many requests from area organizations in need of support. The bank's plan to prioritize giving takes all its financial centers into account, draws on its associates' personal experiences and passions, and always seeks to combine corporate and associate involvement. The result is a strategy for "giving with impact" that maximizes... read more »

A Recent Study Highlights How Predictive Analytics Help Avoid Overdraft Issues While Curbing Attrition for Banks

By: Matt Walker, 9/30/2020

In a Nutshell: In 2017, Americans paid around $34 billion in overdraft fees. The hefty fees often hit consumers unexpectedly and can lead to dissatisfaction or even attrition. “Analyzing Bank Overdraft Fees with Big Data,” explores consumer behavior that causes the fees, just how the fees impact customers and banks, and how banks can better address the issue for the benefit of all. The paper was written by New York University Professor Xiao Liu, and Alan Montgomery and Kannan... read more »

Australia’s Judo Bank Steps Up to Support Businesses During the COVID-19 Pandemic

By: Matt Walker, 8/6/2020

In a Nutshell: As Australia’s first SME-focused challenger bank, Judo Bank offers quality business banking services geared toward Australian-owned businesses. And in the face of the COVID-19 pandemic, the bank is doubling down on its mission to support those businesses by offering flexibility and personalized services to help them weather the storm. The institution’s focus on relationship banking sets it apart from larger institutions with an approach that forges a strong... read more »

Tata Consultancy Services Prepares Banks to Navigate Four Stages of Recovery Following the COVID-19 Pandemic

By: Adam West, 7/20/2020

In a Nutshell: Tata Consultancy Services (TCS) is a consultancy firm that works with most top financial service providers providing them a full breadth of services. To help them plan for a post-COVID workplace, the firm recently released a study on the implications of the global pandemic on the financial services industry that outlined plans to handle four distinct stages of recovery: the Crisis stage, Transition stage, Post-COVID, and Future Proofing. The Coronavirus pandemic has... read more »

Capitol Bank Provides Essential Community Support and Helps Businesses and Consumers in Southern Wisconsin Meet New Challenges

By: Adam West, 7/7/2020

In a Nutshell: Capitol Bank has served Wisconsin's capital city of Madison and its surrounding area for 25 years. The institution was built on relationship-based banking and a longstanding commitment to financial and volunteer support for local causes. Today, Capitol Bank is stepping up with creative new ways to ensure financial security during challenging times as life and work patterns adjust to the new normal. And the bank goes above and beyond to help essential workers and area... read more »

Step: An All-in-One Card and Banking Solution with Budgeting and Family Resources for Teens Starting Their Financial Journeys

By: Adam West, 6/12/2020

In a Nutshell: Credit and banking products that leverage mobile technology to teach teens about financial independence are in high demand. And that enthusiasm has led to an extensive wait list for the Step platform, an all-in-one card and payments solution built with families and teens in mind. Step's secured spending card helps middle and high schoolers get an early start on building credit and learning financial responsibility. And parents can integrate their existing bank accounts... read more »

Regent Bank: Going Beyond Traditional Banking with a Passion to Serve Oklahoma Communities

By: Adam West, 6/4/2020

In a Nutshell: Regent Bank, a community bank serving the Eastern Oklahoma area and into Springfield, Missouri, is an institution with a particular focus on giving back to the community. It offers multiple free programs designed to educate and inspire local businesses, nonprofits, and community members. Regent Bank CEO, Sean Kouplen, attributes much of the bank’s success to his faith, and a strong desire to give back to the community. For all of its service and dedication, we’re... read more »

Newton Federal Bank: Enriching Georgia Communities Through Education and Charitable Involvement

By: Ashley Dull, 4/20/2020

In a Nutshell: Newton Federal Bank is located in scenic Covington, Georgia, known to some as the Hollywood of the South for the numerous movies and shows filmed there. But beyond the city’s outward charm are businesses like Newton Federal Bank, providing financial education to high schoolers, monetary donations to nonprofit organizations, and support to the residents of Covington and beyond. Institutions like Newton are essential to the people -- and charm -- of Covington, and is... read more »

First Interstate Bank Recognized for Outstanding Efforts in Giving Back to the Community and Promoting Financial Literacy in the West

By: Matt Walker, 1/3/2020

In a Nutshell: First Interstate Bank maintains more than 150 branches across six states in the Northwest, yet it holds strong to its community bank identity. The bank takes a long-term approach to helping maintain healthy, thriving communities. Financial education is one of the main ways it does this, with financial literacy programs designed to reach children and adults. The institution also reinvests in its communities with lending, investing, and service efforts that have earned it... read more »

Farmers & Merchants Bank Recognized for Supporting Customers and Causes in its Tight-Knit Wisconsin Community

By: Adam West, 11/15/2019

In a Nutshell: For nearly 80 years, Farmers & Merchants Bank has helped folks in Wisconsin weather change by welcoming them in like family. The single-branch bank is located near Lake Winnebago in the farming and manufacturing community of Berlin — where it also focuses on supporting local residents. Not only does the institution offer resources to educate students in Berlin, but it also empowers its employees to support causes they’re passionate about. For its dedication to... read more »

Sunrise Banks: Prioritizing Social Responsibility and Financial Inclusivity in the Diverse Communities of Minnesota’s Twin Cities

By: Adam West, 11/7/2019

In a Nutshell: Sunrise Banks CEO David Reiling believes that banking and community success go hand in hand. Since 1986, Sunrise has served Minnesota's Twin Cities while donating corporate resources, building community partnerships, and providing financial education and inclusion programs. Through its social impact affiliations, including membership in the Global Alliance for Banking on Values and B Corp certification, Sunrise prioritizes social responsibility and sustainability. For... read more »

Digital-Only Cashplus Broadens Access to Banking Tools and Financial Services for U.K. Consumers and Small Businesses

By: Adam West, 11/6/2019

In a Nutshell: Small businesses are the backbone of the U.K. economy, currently contributing more than 90% of new private-sector jobs. But in a marketplace where big banks focus more on large accounts, entrepreneurs and startups need better access to financial services. Since 2005, digital-only Cashplus has provided an alternative to the U.K. High Street banking establishment by offering instant approval on current accounts and credit products for consumers and small businesses. And... read more »

The Virginia Association of Community Banks Provides Strong Federal Advocacy, Quality Education, and Collaboration for its Member Banks

By: Adam West, 10/11/2019

In a Nutshell: The Virginia Association of Community Banks (VACB) has served banks in the state for more than 40 years by providing necessary resources and giving them a collective voice. The Association provides educational opportunities for bank staff and advocates for the needs of its member institutions by meeting federal legislators. VACB also conducts regular webinars, in-person seminars, and conventions that focus on topics as broad as cybersecurity, compliance, fintech, and... read more »

Cardlytics Helps Banks Increase Customer Engagement and Deepen Business Banking Relationships by Powering Loyalty Programs

By: Matt Walker, 9/19/2019

In a Nutshell: Prior to founding Cardlytics, Scott Grimes and Lynne Laube noticed that banks have access to robust amounts of valuable customer data, but they were not utilizing it. They formed Cardlytics as a way to collect that data, focus it, and use it to power customer loyalty programs. The programs boost customer engagement, which results in increased profits for the institutions. Customers benefit, as well, through numerous rewards programs, special offers, and cash back... read more »

Where Do Banks Go for Loans? A New Paper Looks at the Quality of Banks that Do Business with Stigmatized Lending Facilities

By: Matt Walker, 8/22/2019

In a Nutshell: Just like other businesses, banks need extra cash on occasion. But a bank that takes out a loan can be perceived as being a weak institution, so banks generally try to conduct their borrowing activities behind the scenes. A recent paper, “The Quality of Banks at Stigmatized Lending Facilities,” by Federal Reserve Board economist Sriya Anbil and Claremont McKenna College Economics Professor, Angela Vossmeyer, Ph.D., explores how an emergency lending facility that is... read more »

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