With 2013 now upon us, I, along with the whole MyBankTracker team would like to wish you a Happy New Year. While 2011 was a year of ups and downs in the banking world, 2012 definitely showed a shift to a technology-first mindset that has us excited to see the advancements this New Year will
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We are pleased and proud to announce that today MyBankTracker has successfully taken another huge leap toward fulfilling our simple, yet crucial mission: to build the ultimate hub for personal-finance news, reviews and product comparison. In visiting MyBankTracker and reading this post, we hope our ideas and powerful tools allow you to stay informed in
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This past weekend the MyBankTracker team had the opportunity to attend the first ever Ecommerce Hack Day, hosted by Dwolla and Etsy. Held at the AlleyNYC in New York’s Fashion District, we figured it would be worth sharing our experience.
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Last week, the MyBankTracker team had the opportunity to visit the annual innovation gallery of Intuit, the financial-services company and creator of Quicken and Turbo Tax. After checking out the latest gadgets and products, and speaking to their Vice President and General Manager, CeCe Morken, it was apparent that this tech company was taking a
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An update to a study from earlier this year found that while the average price tag on overdraft fees has increased, banks still lost money year over year. But the amount of money banks actually lost is now lower than first reported, pointing to a possible shift to profitability in 2012.
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America will soon see a massive shift of money to mobile platforms. And prepaid-debit cards may prove to be the catalyst. Some of the smarter companies in the finance world see the combined power of mobile and prepaid as the key to winning new markets and attracting younger customers.
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As interest rates continue to stagnate and banks continue to face consumer outrage over fees, banks’ best path to growth may be through innovative forms of customer service — like letting customers send texts to a live representative.
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The conversation around banks and fees is destined to gain more attention as consumers are more aware of their banking habits and grow more unwilling to be Wall Street’s whipping boy for generating profits. As the restructuring of existing accounts and fees continues, what is becoming apparent is traditional banking has hit a wall, with
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The past year has certainly seen its share of ups and downs in the banking world and as we approach the end of December we should be prepared for the challenges and changes for 2012. When I look back at how MyBankTracker.com has grown as a company, it’s pretty amazing to see what has been
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As we count down the days to 2012 and reflect on 2011, one industry that saw a lot of action was the financial sector. The consumer banking experience surely had its ups and downs this year; from the shift in debit reward programs to an unsuccessful push to introduce monthly debit card usage fees. Banks are still
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