Mary is deputy editor of BankThink. She also writes on a variety of subjects as part of American Banker's bank tech team. Previously, she was a blogger and editor at Bank Innovation. She also served as a fashion editor for National Jeweler, where she reported on fashion shows and jewelry news. Her work has also appeared in Billboard, Cracked and a number of business media outlets. Mary grew up in the Michigan suburbs and now lives in LA with a maltipoo, two record players and an espresso machine. Mary is endlessly curious and follows anything that grabs her. Current interests include fintech, literature, travel, good conversation, Cat Stevens and Gidget.
Credit unions in a number of states have been offering prize-linked accounts for years, but up until recently, banks were unable to follow suit, but with a recent change in law, one small bank is offering a "Jackpot Savings" account.
NCR and Diebold the two largest ATM manufacturers in the U.S. report that skimming is getting worse. One likely reason: the adoption of harder-to-skim EMV chip cards in this country starting in October.
Credit unions arent the only financial services firms reaching out to millennials. A new social media campaign by Fifth Third offers recent college graduates free one-on-one career counseling. The initiative is part of a trend of banks allocating marketing dollars to unusual perks and charitable giving to differentiate their brands.
Many credit unions will need to invest in making their websites render nicely on smartphones after Google started to favor "mobile-friendly" pages in determining what content comes up first on its search pages.