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Feb 19

Capital One 360 Opens First Café in Boston

Capital One 360 opened another one of its signature cafes in Boston, the first in the area. Similar to their other cafe locations, visitors are entering a coffee shop with a banking theme. “From fostering conversations about saving, to introducing new financial tools, our Cafes give us an opportunity to make personal connections, and showcase

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Feb 14

Santander Drop ATMs fee for Travelers to Mexico and Puerto Rico

Santander announced that customers can use Santander ATMs in Mexico and Puerto Rico without fear of incurring surcharges. “We are a local bank that is very much focused on the communities we serve — and we are also part of a strong and diversified global group,” said Roman Blanco, president and CEO of Santander US,

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Feb 13

CIT Bank Raises Online Savings Rate

CIT Bank increased the rate on its online savings account from 0.85% APY to 0.90% APY on balances of less than $25,000. For balances of $25,000 or more, the savings rate jumped from 0.90% APY to 0.95 % APY. On balances of less than $25,000, CIT Bank’s savings rate is tied for the top nationwide

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Citi to Redesign Credit Card Website

Citi will soon launch a redesign its credit card website to make it easier for visitors to shop for a new card. The new layout is expected to make it easier to browse and compare various Citi credit cards. “Card rates, terms and other info are provided in plain language and are easy to understand,

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Feb 12

Wells Fargo Holds Promotion to Boost Isis Wallet Usage

Wells Fargo is holding a limited-time promotion to encourage more of its credit card customers to use the Isis Mobile Wallet, with which the bank is partnered. Wells Fargo credit card customers who link their cards to the Isis Mobile Wallet will receive a one-time $20 statement credit after making one contactless payment. Additionally, they’ll

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U.S. Adds 113,000 Jobs, Unemployment Rate Down Slightly
Feb 07

U.S. Adds 113,000 Jobs, Unemployment Rate Down Slightly

The U.S. economy continues to improve on the employment front. In January, 113,000 jobs were added. As a result, the unemployment rate fell to 6.6 percent, down from 6.7 percent in December. “Employment grew in construction, manufacturing, wholesale trade and mining,” said the Bureau of Labor Statistics in its report. Despite the improving jobs market,

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Feb 06

Discover Expands Free FICO Score Program

Discover is expanding its free FICO score program to other Discover cardmembers — those who have Discover More, Discover Open Road, Discover Motiva, Miles by Discover and Escape by Discover cards. The program was initially launched for Discover it cardmembers in November 2013. “The response from Discover it cardmembers — who already receive free FICO

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M&T Bank to Close 10 New York Branches

M&T Bank plans to close at least 10 retail banking branches in New York, reported Buffalo Business First. According to a bank spokesperson, the bank is reviewing its branch and ATM network to best service customers’ changing banking needs. It means opening, closing and relocating branches. It is unclear how many branches will be closed

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Feb 05

Ally Bank Launches Windows 8 App

Ally Bank has released a native mobile banking application for the Windows 8 mobile platform. The app functions similar to the online bank’s apps on other mobile platforms. Customers can check account balances, view recent transactions, transfer funds, make mobile check deposits and more. “Our Windows app is yet another example that demonstrates Ally’s customer-driven

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Feb 04

First Niagara Bank Launches Mobile Check Deposit, One-Swipe Balances

First Niagara Bank has introduced new features for its native mobile banking applications. Customers can now deposit checks by taking photos of the checks. And, customers can set up One-Swipe Balances, which lets them see the balances on up to five accounts without having to log in. “More and more customers are using a variety

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