Online Incentive Program Rewards CU Members And EmployeesDALLAS - Banking incentive company Rennhack Marketing Services has introduced a new web-based incentive rewards platform aimed to supporting customer retention at banks and credit unions. BankingBonus is the online incentive platform that specifically targets the banking market, allowing banks and credit unions to add customer recognition and rewards tool and to provide incentives for front-line employees to improve customer service. The system allows both customers and employees to redeem points for merchandise, gift cards and leisure rewards using points earned. Employees could be rewarded for signing up new members, convincing existing members to open new accounts or apply for a credit card. Members could earn redeemable points by referring friends or signing up for automatic payroll deposit. BankingBonus features more than 1,500 rewards items representing more than 380 brands.
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Research, insights and data on how banks and financial institutions are using AI can now be found in a new location on American Banker.
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The regulator argues the plans were costly, too theoretical and ineffective, eliminating the financial crisis-era requirement as part of the Trump Administration's deregulatory push.
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Thomas Owens, Trustmark's current chief financial officer, will take over as chief operating officer on May 1. The COO position has historically been a pathway to the top job at the Jackson, Mississippi-based bank.
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Will Artingstall, global head of digital asset payments and ecommerce solutions within Citi's Services business, sat down with American Banker to discuss the firm's banking-as-a-service business and how it fits into its larger corporate payments strategy.
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The bank's planned $142 million acquisition of Affinity Bancshares comes as war-related uncertainty appears to have slowed the industry's appetite for mergers.
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American Banker data finds that a majority of executives investing in technology expect payments enhancements in the immediate future as well as further out.
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