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Feb 13

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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Target Card Data Breach Went On Longer Than Expected

Target Card Data Breach Went On Longer Than Expected

The payment card data breach that affected millions of consumers who shopped at Target retail stores took place longer than previously said. In December, the retailer said that the breach occurred from Nov. 27, 2013 to Dec. 15, 2013. However, in a testimony to the Senate Judiciary Committee, Target CFO John Mulligan said that 25

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Feb 03

Small Idaho Bank Closes as Third Bank Failure of 2014

Syringa Bank, based in Boise, Idaho with $153.4 million in assets and $145.1 million in deposits, was closed on Friday by federal regulators. Sunwest Bank, based in Irvine, Calif., agreed to purchase all assets and assume all deposits of the failed bank. The six branches of Syringa have reopened as Sunwest Bank during normal business

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Yahoo Email Hack Could Jeopardize Bank Accounts
Jan 31

Yahoo Email Hack Could Jeopardize Bank Accounts

Yahoo reported that a third-party database was hacked and there was unauthorized access to an undisclosed number of Yahoo Mail accounts, which could in turn put users’ bank accounts at risk. “Our ongoing investigation shows that malicious computer software used the list of usernames and passwords to access Yahoo Mail accounts,” said Jay Rossiter, senior

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