DALLAS - (02/17/06) -- Banking incentive company RennhackMarketing Services has introduced a new web-based incentive rewardsplatform aimed to supporting customer retention at banks and creditunions. BankingBonus is the online incentive platform thatspecifically targets the banking market, allowing banks and creditunions to add customer recognition and rewards tool and to provideincentives for front-line employees to improve customer service.The system allows both customers and employees to redeem points formerchandise, gift cards and leisure rewards using points earned.Employees could be rewarded for signing up new members, convincingexisting members to open new accounts or apply for a credit card.Members could earn redeemable points by referring friends orsigning up for automatic payroll deposit. BankingBonus featuresmore than 1,500 rewards items representing more than 380brands.
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Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.
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Artificial intelligence developments are stoking investor fears about software companies. Banks' limited exposure to the sector and general stability is proving attractive to investors.
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Prosperity Bancshares finalizes the second of three acquisitions it's announced since July; Sumitomo Mitsui Banking Corporation appoints a new chief information security officer for its American operations; Huntington Bancshares, Third Coast Bancshares and Heritage Financial completed acquisitions; and more in this week's banking news roundup.
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Fintech and crypto groups said in comment letters to the Federal Reserve that the proposed "skinny" master account is too limited and could keep firms dependent on banks. Banking groups asked for more time to comment.
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Federal Reserve Vice Chair Philip Jefferson said in a speech Friday that long-term productivity gains brought on by artificial intelligence could compel the central bank to maintain higher rates to keep prices stable.
6h ago -
While the e-commerce giant has deemphasized the technology, banks and payment firms are testing the biometric option.
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