Today, we’re looking at PayPal’s campaign to bring in new customers from the nine million “unbanked” US residents who either don’t use a bank or don’t like using banks. We examine how traditional banks are losing mobile customers because their user experience on bank mobile sites is so bad. Finally, the ins and outs of buying bitcoin with credit cards and how to avoid exorbitant charges and hidden fees.
No bank? PayPal wants you
Got no bank? You may be just the customer PayPal is looking for. PayPal doesn’t have a US bank license but that hasn’t stopped it from moving further into the banking business by midsummer through partnerships with several smaller regional US banks. Read more…
Are banks disconnecting from mobile banking customers?
Javelin Strategy & Research suggests banks may be failing to keep up with the changing demands of consumers for mobile banking. Nearly a third (32%) of checking account applications start on a mobile device but 47% of customers could not complete their application on their mobile device. Read more…
3 Tips for Buying Bitcoin with Credit Cards
A surprise class-action lawsuit hit JPMorgan Chase this week and highlighted the perils of purchasing cryptocurrency with a credit card. We’ve got some tips to help you avoid exorbitant fees and other hidden charges from the financial experts at ValuePenguin. Read more…
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